We also recommend setting your KPI as conversion rate

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tanjimajha14
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Joined: Thu Dec 26, 2024 4:53 am

We also recommend setting your KPI as conversion rate

Post by tanjimajha14 »

The conversion rate of potential customers can be expressed as the number of sales made divided by the number of sales.

For example, even anhui cell phone number list if you receive 100 visits, if your conversion rate is 1%, only one will result in a conversion.

However, if you are a salesperson with a 50% success rate, you can secure 50 sales out of 100 visits.



⑥ Order period (lead period)


We recommend this tool because it can also quantify the period from when a sales call is made to when a contract is received.

By setting the order period as a KPI, the time until a contract is signed can be shortened, which will allow for other sales activities, leading to increased sales.



The Importance of KPIs in Sales Activities


What KPIs are important when it comes to sales activities?

We will introduce two reasons why KPIs are important in sales activities and how to manage them.



Why is KPI setting important?


In sales activities, KPIs are set for acquiring new customers and sales revenue.

Unless you carry out specific sales activities, such as acquiring new customers and increasing sales, you will not see results. The reality is that many people in sales do not know what their sales goals should be.

As a result, sales activities may continue without resolving the issues.

By setting KPIs, you can carry out sales activities with clear goals and also become aware of problems.



How to manage KPIs


The way you manage KPIs after setting them is important.

A common misconception is that once you set your KPIs, that's it.

By setting appropriate KPIs, you can manage your sales activities until you achieve your goals.

Without KPIs, it is impossible to know how well your sales goals are being met.

Once you have set your KPIs, tracking the progress of your sales representatives' activities will provide you with a management method that will ensure your goals are met.



How to set KPIs for sales activities


Setting KPIs is a very important method in sales activities.

However, it is important to note that simply setting KPIs will not lead to successful results.

How should you set KPIs in your sales activities to achieve results?

Here are four ways to set KPIs to achieve results in your sales activities.

Setting KGI
Identify what can be quantified
Narrow down the number of KPI items
Decide on a period for measuring effectiveness and review it appropriately


①Set KGI


First, let's set KGI before setting KPI.

KGI is the ultimate goal you want to achieve in your sales activities.

In order to set intermediate KPIs, it is necessary to set the final goal, KGI.

Unlike KPIs, KGIs are not set in detail.

Therefore, it is a good idea to set a rough estimate of the KGI at first and then gradually revise it based on the KPI results.
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