How To Use Leading Sales Metrics to Increase Revenue

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The Difference Between Leading Sales Metrics and Lagging Sales Metrics
Unfortunately most sales teams are either confused about  leading sales metrics or do not use them at all. Their sales teams feel like they are blind to what activities matter most.

  • Leading Sales Metrics are the greatest and most influenceable predictors of sales goal achievement.
  • Lagging Sales Metrics measure sales goal achievement results for a specific period of time.

The Value of Leading Sales Metrics
Because they are predictive and influenceable, leading sales metrics provide real-time feedback and enable sales teams to learn and adjust behaviors to increase their chances of achieving their sales goals.  While they are often challenging to identify and track, they are worth their weight in gold.

Wouldn’t it be great if you could measure the likelihood of sales before they happen?

Don’t just work through the selling process blindfolded, hoping to find your way. There are leading sales measures you can apply that will help predict sales success and allow you to adapt your approach if you are not moving in the right direction.

An Example of a Leading Sales Metric

  • Perhaps you have learned that the salespeople who reach out to customers with key insights on a weekly basis are more successful than those who check in less frequently or do not provide valuable insights.
  • Or you may find that the salespeople who regularly spend one-quarter of their day researching and prospecting are better at maintaining a productive pipeline.

If so, measure those two leading sales metrics of success. They will tell you how a salesperson is doing during the sales process, predict outcomes and, when needed, allow for sales performance coaching to improve their chances of success.

The Bottom Line
Identify the critical few sales activities that lead to success for your specific sales strategy, target market and value proposition. Then measure, support and reinforce them at every turn.

Want more sales coaching tips? Download The Truth about Sales Coaching’s Biggest Mistakes

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