What are some effective KPIs for sales teams?
An example of an AI chatbot conversation about key performance indicators for sales teams.
What are some effective KPIs for sales teams?
Some effective KPIs for sales teams include sales growth, customer acquisition cost, and conversion rate.
Can you explain how to calculate the conversion rate?
Sure! The conversion rate is calculated by dividing the number of sales by the number of leads, then multiplying by 100 to get a percentage.
What is a good conversion rate for a sales team?
A good conversion rate can vary by industry, but generally, a rate between 2% to 5% is considered average.
What other KPIs should I track?
In addition to conversion rate, you might track average deal size, sales cycle length, and customer lifetime value.
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