Mailbag: Know Your Numbers!

From Melissa J: Butch I really enjoy reading your weblog. Your articles and comments always make me think. I would like to know other than my closing ratio, what other aspects of my sales should I keep up with? Thx!

Melissa:

Thanks for the kind words. I’m glad you enjoy the blog—I really enjoy writing it and getting emails like yours keep me inspired. Ok, to your question: I don’t know what you sell, so I’m not sure if you use the telephone a great deal or not (I emailed Melissa and didn’t hear back by the time I posted this), but I am going include that information as if you do.

I want to keep up and monitor the following:

-Calls: Outbound times I dialed the phone
-Conversations: How many of those calls led to speaking to the buyer
-Appointments: How many appointments did I get from conversations—not calls (calls could include wrong numbers, no answers, etc)
-Presentations: How many of my appointments led to a presentation
-Closing Percentage: How many presentations led to a sale

Now, you can see the process involved and where along the way you may need to improve your skills or spend more time. For example, if it takes 20 conversations to set an appointment, but only four appointments to make a presentation—you need to work on your script and appointment setting.

The only way one is ever really going to know where to focus is by tracking these numbers. How else can we truly see where deficiencies lie?

Good luck! Have fun and remember: knowing your numbers is one thing. Taking the initiative and time to improve them is another.

Question
: What other measurements/numbers do you track in your sales process? I’d love to hear your input.

Got a question for Butch’s Mailbag? Email: butchbellah@gmail.com

Comments

  1. Butch,

    I would like to know what the salesperson knows about the product not just how many calls and presentations to arrive at a sale. Those numbers, in my mind assume that the salesperson is completely versed in the product, it’s features and benefits, in some cases how many are available, when they can ship, and other knowledge that depending on your industry may mean something to your customer. We as salespeople can get cuaght up in our “personal” numbers of closing ratio, calls per appointment, presentations per close, etc. etc. But what really counts is knowing the product, what it can do for your customer and what the customer is or should be looking for in your product to realize return on investment. Then we can move on to closing ratios, and how efficient we are at getting appointments, and making presentations. Just my 1 pennys worth.

    Ron

  2. Excellent post. I used to be checking continuously this blog and I am impressed! Very helpful info specifically the final part 🙂 I take care of such information a lot. I was looking for this particular information for a long time. Thanks and good luck.

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