Step #3: Slash Wasted Spending and Boost Sales

Now that we know precisely how much each source of business is actually costing you, it's time to put every source to work against each other (we can even do this per salesperson, telemarketer, etc). This is where you'll discover such things as:

  • Your Cost per Lead (CPL)
  • Your Cost per Customer Acquisition (CPA)
  • Your ROAI from each source of business
  • The number of leads and/or sales per hour, day, per week, per month, per year
  • The number of leads and/or sales into the sales pipeline, per lead source, per territory
  • Conversion rate per salesperson
  • And much, much, more

After exploring the marketing spend and sales results, here's what this data might look like:

cpl and cps
This custom lead and sales tracking device is part of a multi-report that tracks sales pipeline status, territory development, industry performance benchmarks, online leads and sales, and more
This custom lead and sales tracking device is part of a multi-report that tracks sales pipeline status, territory development, industry performance benchmarks, online leads and sales, and more
This custom lead and sales tracking device is part of a multi-report that tracks sales pipeline status, territory development, industry performance benchmarks, online leads and sales, and more

Or, maybe you have sales people to account for. You can use your data to create an online leader board like the one we did for a leading nationwide services organization:

We built this online scorecard (a real-time dashboard scorecard culled from many SQL databases) for 2,000+  salespersons to manage his/her statistics online. The organization used data like this to identify leaders to help underperformers learn from the best performers in the company.
We built this online scorecard (a real-time dashboard scorecard culled from many SQL databases) for 2,000+  salespersons to manage his/her statistics online. The organization used data like this to identify leaders to help underperformers learn from the best performers in the company.
We built this online scorecard (a real-time dashboard scorecard culled from many SQL databases) for 2,000+  salespersons to manage his/her statistics online. The organization used data like this to identify leaders to help underperformers learn from the best performers in the company.

Transform your data into a Strategic Action Plan in Step #4...

Categories:

READ THIS NEXT...

How to Market International Services (+examples)

If you want to market your services to international markets, you have come to the right place! In this article, […]

Read More »

The 5 steps of advertising (free guide)

In business, expanding on an idea and developing the product is only the beginning.  How will consumers know the product […]

Read More »

The Important Role of Manufacturing in Economic Development (+gone wrong)

Manufacturing plays a crucial role in economic development.  It’s what provides for the local economy, the culture, and the population […]

Read More »