What are the key sales performance metrics I should track?
An example of an AI chatbot conversation about sales performance metrics and their importance.
What are the key sales performance metrics I should track?
Key sales performance metrics include sales growth, conversion rate, average deal size, and customer acquisition cost.
How do I calculate the conversion rate?
The conversion rate is calculated by dividing the number of sales by the number of leads, then multiplying by 100.
What is a good average deal size?
A good average deal size varies by industry, but it's essential to compare it against your historical data and industry benchmarks.
Can you explain customer acquisition cost?
Customer acquisition cost (CAC) is the total cost of acquiring a new customer, including marketing and sales expenses.
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