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So, to get the average deal size for all the accounts,
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I've set up a spreadsheet so that we can first calculate
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the total bookings in dollars that we already did in the past,
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in the previous video and then the number of deals for each of the accounts,
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and then we're going to go ahead and calculate the average deal size.
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So first, we're going to go ahead and
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calculate the sum of the bookings for each of these accounts.
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I'll just copy and paste it down,
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and then the short number of deals where each of the accounts and then again,
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I'm going to just copy this formula down.
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I'm going to go ahead and copy these.
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So, I'm going to just go ahead and copy and paste the values,
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copy and paste the values,
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and then to get the average deal size that we got from each of
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the accounts all you have to do is you divide the total bookings by the number of deals,
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and that tells you the average amount for
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each deal or that we got from each of these accounts.
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Right away, we can see,
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Sam's Club had really high bookings that it seems to me there was a mix of
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monthly and annual subscriptions that we got and the reason is because we know that
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the monthly subscription is $16 and you're yearly subscriptions are $195.
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So, with that knowledge in mind,
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we can see that this- the amount that we got from Sam's Club and
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Costco was a combination of monthly and yearly accounts, purely orders.
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So, the average deal size tells us that.
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We got a combination of monthly and yearly subscription from Costco and Sam's Club.
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Case of Sprouts, the book yield was smaller,
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but the booking size was bigger,
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and that's because the average deal size
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was a 195 which turns out to be a yearly subscription.
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So, all of the a 150 deals that we got for Sprouts, for this account,
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were all annual versus in Safeway
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where even though we've gotten the more number of deals,
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the unit price was $16 which happens to be a monthly subscription.
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So, we didn't get as much bookings for that.
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But this kind of analysis allows the sales team to see okay,
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which account is actually generating more bookings for them and focus their efforts
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on the type of deals that they get and the type of customer that they're getting.
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