The expectation to deliver accelerated revenue growth has never been more prevalent than in 2019. As another intimidatingly large target is handed to you by your C-suite, you likely look to the team to get a handle on where it's going to come from. At which point, you need a robust sales target plan.
They must present their plans with greater detail and consideration than ever before and this means getting smart (and granular) with data.
The first step towards this is choosing the right metrics for success.
Take a step back from your CRM for a second and forget that there are leads, contacts and opportunities.
Regardless of this structure, what are the key sales moments in your entire sales funnel?
These moments are significant events that happen from top to bottom in your funnel and will be used as the basis of your entire sales target plan.
Your moments could look something like:
Your ability to hit target will be defined by these key moments, along with the volume that flows through them and the efficiency with which this occurs. So choose them carefully.
Here we need to focus on the moments that matter and are true signifiers of funnel progression.
These moments will become your key metrics for success.
Your sales target plan should go hand in hand with visibility. Make sure you have a reporting system that enables you to quickly visualise the volume flowing through each key moment for your entire business, for each team and most crucially, for each individual contributor.
Every day, each of your salespeople need to be able to visualise how they are tracking on all of their key metrics to help them plan and execute a successful week at the office.
Put simply, your findings should not be a surprise to your salesperson.
A tool like Kluster can help you empower your salespeople with their own business dashboard.
Discover why Kluster, the leading revenue analytics and forecasting platform for B2B SaaS companies, has received multiple awards from G2 in their 2022 Winter Report. Kluster is the number one platform worldwide for Opportunity Scoring, Risk Analysis, and Live Forecasting. Learn more about the platform's features, awards, and fast integration times on our website.
Pravesh Mistry, Chief Revenue Officer at Truework, believes a strong level of clarity is what makes a good culture!