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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 I find that close rates are generally over-stated. Why don’t they follow-up?

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Dear CEO: Fix these three things and increase revenue

ViewPoint

Here’s a real-life case that illustrates why this point is important: Over the past year marketing has generated thousands of “leads” from many sources with the most preferred source called Downloads from Content Syndicator—see table Lead Source Analysis. Here is a report from marketing: “We’re on track for a great quarter in lead generation.

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What Percent of Leads Should Sales Close?

ViewPoint

Close Rate Required for 10x ROMI*. ROMI = Return on marketing investment. Cost per Lead (based on $61.50/hour hour and 40-hour week). Break-Even Close Rate (1 / (Margin per Deal / Cost per Lead)). In my opinion, this approach is too simplistic, and doesn’t account for variety of variables such as deal size, margins and lead rate.