Son of Five Rivers Blog

For the advancement of Entrepreneurship, Sustainability & the Ecology of Everyday Life

The Math behind Setting Sales Targets

This is an example of Setting a Sales Target and thought process that should go with it:

What we know:
1/10 meetings generates a lead (opportunity) (10%)
1/3 opportunities = a sale (33%)
Average sale $5000

– You want $500’000 a year
– $500’000/ $5’000 = 100 Sales Made
– To complete 100 Sales you need 300 Opportunities
– To get 300 Opportunities you need to setup 3000 meetings.

Also do a quick percentage analysis: (How many are)
– Informational Call
– Face to Face Meetings (Sales Forecast %)
– Quote Requests
– Sale

Sales:
o Set 4/5 Milestones with Sales Forecast % (set reminders in your outlook)
o Have meetings weekly/ biweekly sharing best practices with your crew.
o Kaizen approach (Continued Impovement) Follow-up after each project ends and ask:

 What worked, what didn’t
 What they liked, what they disliked.
 Ask for referral. (People usually don’t ask)
 Leave company information for further engagement & relationship
 And Smile its Contagious =)

Advertisements

July 22, 2009 - Posted by | Sales | ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: