Knowing Your Numbers: The Key to Scaling Your Business
In the world of business, numbers aren’t just figures on a spreadsheet; they are the foundation upon which success is built.
As an entrepreneur or a sales professional, understanding your numbers isn’t just important—it’s crucial.
It gives you the insights and confidence to scale your operations effectively.
However, until you have a firm grasp on these numbers, scaling might not be the wisest move.
I often get asked questions like, "How many cold call leads does it take to close a contract?" or "What about text leads?"
These inquiries reflect a common dilemma among those eager to grow: the desire for predictability in sales outcomes.
The truth is, without knowing your numbers, scaling can be a risky business.
Let's break it down with a recent example.
Take a look at the snapshot below, illustrating last month's performance metrics:
![May be an image of phone and text](https://scontent.fyyc8-1.fna.fbcdn.net/v/t39.30808-6/448260562_10234543308630200_3106802815207042423_n.jpg?_nc_cat=102&ccb=1-7&_nc_sid=5f2048&_nc_ohc=iE7xDMfEEXcQ7kNvgEdoMrA&_nc_ht=scontent.fyyc8-1.fna&oh=00_AYDXwQUFW0dzy4RSzWx3dHJy9rZMBXSnjM7Yg3zzKgZSaQ&oe=667B7BAC)
This visual representation serves as a stark reminder: not every lead translates into a closed deal.
However, the goal should be to convert at least 60% of your leads into offers.
Why 60%?
Because achieving this benchmark leads to predictable sales—a vital ingredient for sustainable growth.
One of the reasons I advocate for outbound marketing is its reliability.
Unlike waiting anxiously for inbound inquiries, outbound efforts generate a steady stream of leads on a daily basis.
This predictability is invaluable in planning and executing your sales strategy effectively.
Moreover, outbound marketing tends to offer a lower cost per lead and per closed contract compared to other channels.
This financial efficiency is part of what I call the "best of both worlds" scenario: consistent lead flow and cost-effectiveness.
Of course, achieving these results requires attention to several critical factors:
- Skilled Virtual Assistants: Your team needs to be top-notch, with VA's who are not just good, but exceptional at what they do.
- High-Quality Data and Skip Tracing: Accurate and up-to-date data are essential for targeting the right prospects effectively.
- Expert Closers: Ultimately, closing deals requires professionals who excel at the art of selling.
If you’re tired of hoping for success and want to secure predictable closed deals, I invite you to join the conversation. Click HERE to take your sales to the next level.
However, if you’re looking for shortcuts with cheaper VA's or data sources, I might not be your best fit.
Quality matters when it comes to achieving consistent results.
If your priority is closing deals, then I’m your guy.
Let’s turn your aspirations into tangible success together.