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Measuring the Wrong Sales Metrics? Danger Ahead!
Manage episode 462363859 series 3619887
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This podcast episode reviews an article from The Sales Experts blog and discusses the importance of tracking the right sales metrics.
It highlights the pitfalls of focusing on "vanity metrics," such as number of calls made, which might seem impressive but don't directly impact revenue. Instead, it advocates for measuring key indicators like conversion rates, customer lifetime value, sales cycle length, win rate, and churn rate.
The article provides clear explanations of how to calculate and utilise these metrics to improve sales performance. Finally, it offers advice on how to shift focus from superficial to meaningful data for better business outcomes.
Read the blog article here:
https://www.thesalesexperts.com/measuring-sales-metrics/
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