Saturday, 9 May 2009

Dramatically increase your profitability through improving your salespipeline performance

Your sales pipeline consists of prospects who show an interest in your product who agree to have a meeting with you who place on order. Simple!


Prospects > Interest > Meetings> Orders X Average Order Value

Let’s puts some numbers in:

How many meetings do you need to attend to obtain say 100 orders with an average order value £1,000?

Let’s say 10.

How many people have to show an interest in your product for you to get 10 of them to agree to a meeting?

Let’s say 100.

How many people do you have to contact to get a 100 interested?

Let’s say 1,000

1,000 Prospects > 100 Interested > 10 Meetings > 100 Orders x £1,000 average order = £100,000 in revenues

What would happen if we increased each one of these elements by 10%?

1,100 Prospects > 121 Interested > 13 Meetings > 143 Orders x £1,000 average order = £143,000 in revenues

43% increase in revenues!


What would happen if we increased the average order value by 10%?

Your revenues would increase to £157,000

57% increase in revenues!

New Mindset can help you figure out how to improve each of your element of sales pipeline call Andy 01276 537 282 or email andy.hamer@new-mindset.com

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