What are some common sales metrics I should track?
An example of an AI chatbot conversation about common sales metrics to track for business success.
What are some common sales metrics I should track?
Common sales metrics include sales growth, customer acquisition cost, conversion rate, and average deal size.
How do I calculate customer acquisition cost?
To calculate customer acquisition cost, divide your total sales and marketing expenses by the number of new customers acquired.
What is a good conversion rate for sales?
A good conversion rate varies by industry, but generally, a rate between 2% to 5% is considered average.
Can you explain what average deal size means?
Average deal size is the average revenue generated per closed deal, calculated by dividing total revenue by the number of deals.
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