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What Should the Sales Close Rate Be?

ViewPoint

Because a few years ago the sales group asked us (PointClear) to validate those so-called leads and it turned out that only 1.8% If the average company could, in fact, close 20% of sales qualified leads the ROMI would be $28.80 Finally, no sales executive wants to admit that they are closing one-out-of-10 opportunities (as an example).

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Dear CEO: Fix these three things and increase revenue

ViewPoint

While this may seem like an extreme example, it is not so extreme that you should ignore it. Here’s a real-life example: We once provided services to a large software company and I got a call from our day-to-day contact one morning about our lead cost—he said we were too expensive. Today almost no one knows this company ever existed.

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What Percent of Leads Should Sales Close?

ViewPoint

The Formula for Calculating Break-Even Close Rates: Example 1. Close Rate Required for 10x ROMI*. ROMI = Return on marketing investment. On one hand, many executives will feel that Example 1 would be risky to invest in because a 35% close rate is aggressive. Gross Margin/Deal. Completed Companies per Week. Lead Rate.