Sales Funnel Dashboards - Empowered by Innovation

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A sales funnel dashboard is a visual representation of the various stages of a sales process, from lead generation to closing a sale. It provides a snapshot of key performance indicators (KPIs) and metrics at each stage, helping sales teams, managers, and executives track and analyze the sales pipeline’s health and performance. Here are the key components and metrics often included in a sales funnel dashboard:

1. Lead Generation: This is the top of the funnel where leads are generated through various marketing channels. Metrics to track here include:
– Number of leads generated.
– Source of leads (e.g., social media, email marketing, website).
– Conversion rate from visitors to leads.

2. Lead Qualification: In this stage, leads are assessed for their quality and potential to become customers. Metrics to track include:
– Percentage of qualified leads.
– Disqualification reasons.
– Time taken to qualify leads.

3. Sales Opportunities: Qualified leads are converted into sales opportunities. Metrics to track include:
– Number of sales opportunities.
– Average deal size.
– Probability of closing deals.

4. Sales Pipeline: This section represents the overall health of the sales pipeline. Metrics to track include:
– Total value of opportunities in the pipeline.
– Conversion rates between stages.
– Sales cycle length.

5. Won Deals: These are the successful sales that have been closed. Metrics to track include:
– Number of deals won.
– Total revenue from closed deals.
– Average deal size for won deals.

6. Lost Deals: Deals that did not close successfully. Metrics to track include:
– Number of deals lost.
– Reasons for lost deals.
– Win/loss ratio.

7. Conversion Rates: Monitor the conversion rates at each stage of the funnel. This helps in identifying bottlenecks and areas for improvement.

8. Sales Forecast: Predict future revenue based on the current pipeline and conversion rates.

9. Performance Trends: Compare current performance with historical data to identify trends and seasonality.

10. Team Performance: Assess the performance of individual sales representatives or sales teams.

Sales funnel dashboards are typically created using data visualization tools or business intelligence software. They provide a real-time view of the sales process, enabling teams to make data-driven decisions, identify areas for improvement, and align their efforts to meet sales targets and revenue goals.