A sales funnel is an intuitive way to manage your sales process and forecast results with confidence
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A sales funnel is a visual representation of the steps required to sell your product or service. It shows you how many open deals you have, which stage they’re in, which need your attention and if you can reach your targets.
Measuring the sales funnel metrics of your business is the first step to effective sales funnel management. The following graph provides an example of a small team’s sales funnel with figures for the whole sales funnel as well as for each stage separately.
These figures are useful for benchmarking against current results and future trends. For achieving ongoing improvements, it’s good to complete this exercise at least once a year.
In the example above, if you only have seven deals in the first stage instead of the average 13, you know you need to find six new opportunities to achieve your usual results.
You can also use a sales pipeline to track progress and zero in on areas for improvement, like getting deals from one stage to the next quicker and increasing deal value and volume.
Pipedrive is a sales management tool that’s great for anyone wanting to visually organise their business and get confident about results. Read sales funnel tips and more on our blog.
The intuitive way it ensures I always book in the next phone call or email with a potential customer means I always keep on top of all my deals. If you are a Salesforce user I encourage you to try this - it will blow your mind.
We run a cloud-based business and Pipedrive is by far the best CRM in terms of usability, design and time to implement. Both the iOS and Android apps are great and there is total buy-in from all our users. Great job guys. Try it, you won't be disappointed.
The workflow is perfect for our event management business, recording all booking information and giving reminder alerts. Being able to email clients via the app is great too.