For a company engaged in any kind of sales, it's of utmost importance to maintain the sales pipeline effectively. All the knowledge, charm and sales acumen in the world comes to nothing if you don't have a solid sales pipeline. It is this sort of insight that this particular infographic aims to share.
The infographic reveals that 44% of executives think their organization is ineffective at managing the sales pipeline. The importance of maintaining a streamlined pipeline is clear -- companies that mastered three specific sales pipeline management practices displayed 28% greater revenue growth.
So what are these three best practices? They involve clearly defining your sales process, spending at least three hours a month on pipeline management and training sales managers on pipeline management. The infographic effectively highlights strategies and data that convey the importance of keeping that sales pipeline well-maintained.
Sales Pipeline Infographics
This Infographic Offers Three Best Practices Towards Increasing Sales
Trend Themes
1. Streamlined Sales Pipeline - Companies can increase revenue growth by 28% with effective management of a streamlined sales pipeline.
2. Sales Pipeline Management - Executives recognize the importance of sales pipeline management, with 44% admitting their organization is ineffective in this area.
3. Sales Process Training - Training sales managers on pipeline management should involve a minimum of three hours per month for best results.
Industry Implications
1. Sales Management Software - Developing software that can assist in sales pipeline management can address the need for streamlining and effective sales management.
2. Training and Development Services - Companies can offer training and development services in sales pipeline management to support and optimize sales teams.
3. Marketing and Advertising Agencies - Marketing and advertising agencies can offer market research and insights on sales pipeline best practices to clients.