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
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment