Alexander the Great was born sometime around 355 BC in the area
of Macedonia near Greece. While
still in his early teens, Alexander grew to become a fearless
and aggressive strategy-based leader who sought to conquer the
whole world.
After wining the battle of Granicus (his first battle), his
reputation spread quickly as a calculating, premeditated warrior
known for his front line charges and coordinated attacks based
on a systematic approach of planning each sequential step in his
war campaign.
By the time Alexander was 23 years old, he was recognized as a
controversial leader who had conquered half of the known world.
Historians debate his tactics and ambitions, but they all agree
that his planning and detailed battle metrics were key factors
for his success against entrenched competitors with larger
armies.
Like Alexander, salespeople can plan their sales battle to
minimize failure and increase their potential for sales success.
Having a sales strategy is good, but having a sales execution
plan is better!
Understanding the business metrics you need to hit your sales
quota is the key to hitting personal income goals.
In many ways, sales is a mathematical model.
The following are 9 sales metrics you should use in planning
sequential steps to win your sales battle. Most salespeople
track their sales closing ratio as well as the overall value of
their sales pipeline as business planning tools. But these two
steps, although important, need to be part of a larger more
detailed sequential plan to help you hit your sales quota.
9
Sales Metrics You Should Track
To Help You Sell More
-
Closing ratio by job title of buyer (highest contact to
whom you present.) This measures the title of executive
you sell to help quantify where most of your sales will come
from and helps you focus on changing your sales
communication with executives who are harder to sell (i.e.,
closing ratios for CFO's versus CIO's.)
-
Dollar value of lost submitted proposals. This tracks
potential sales volume in a territory, quality of your
proposal messaging, and the sales success of a salesperson
based on opportunity, not just an assigned quota.
-
Closing ratio by product or type of professional service
you sell. Measures your sales communication success for
each offering and identifies your strengths and weakness
based on selling a product or service.
-
Closing ratio based on proposals submitted. Measures
effectiveness of the style and content delivery of your
sales proposals.
-
Closing ratio by geography. Helps identify local
market demand anomalies and buying patterns by region. Also
identifies market and sales quota enlargement opportunities.
-
Closing ratio by deal dollar value. Tracks market
price resistance for your product or service and the
strategic entry price-point in order to sell more. Also
identifies areas in which salespeople may need training
based on a price/value presentation.
-
Sales cycle length for each product or service. Helps
identify sales forecasting accuracy based on average time
for each type of sale.
-
Cold Calls Per Day To New Prospects. Measures your
attack on new business hunting capacity.
- Cold Calls Per
Day To Existing Customers. Measures sales commitment to
sell additional revenue to existing clients.
"Have a plan, follow the plan, and you'll be surprised how
successful you can be. Most people don't have a plan. That's why
it's easy to beat most folks." - Paul "Bear" Bryant, football
coach
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