All language subtitles for 24 - L1 20 Concept Funnel V1 - lang_en

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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:08,189 The sales funnel also called the sales pipeline, 2 00:00:08,189 --> 00:00:11,640 tracks the number of incoming leads or prospects. 3 00:00:11,640 --> 00:00:14,100 These are leads that a sales team member has 4 00:00:14,099 --> 00:00:17,789 identified as being potentially interested in the product. 5 00:00:17,789 --> 00:00:22,574 Then, the sales team member follows up for an interested lead to 6 00:00:22,574 --> 00:00:27,480 ask more about what they're looking for, possibly making presentations. 7 00:00:27,480 --> 00:00:31,530 Here, you track metrics like number of sales leads. 8 00:00:31,530 --> 00:00:37,090 This is followed by a qualifying process whereas the sales team qualifies the leads. 9 00:00:37,090 --> 00:00:41,345 Checks to see if the product offering is within the leads budget, 10 00:00:41,344 --> 00:00:42,754 a sort of vetting, 11 00:00:42,755 --> 00:00:47,075 to identify the ideal buyer and confirm their viable lead. 12 00:00:47,075 --> 00:00:51,935 Here, you track metrics like ratio of qualified leads to sales leads. 13 00:00:51,935 --> 00:00:54,859 Once the sales team has a qualified lead, 14 00:00:54,859 --> 00:00:57,664 you end with a closed deal or booking. 15 00:00:57,664 --> 00:01:02,179 At this stage, you can also have a lead on hold or last. 16 00:01:02,179 --> 00:01:04,984 Here, you track metrics like bookings, 17 00:01:04,984 --> 00:01:09,125 close ratio, and average size of deal in pipeline. 18 00:01:09,125 --> 00:01:14,405 Bookings is a very important metric for tracking the success of the sales team. 19 00:01:14,405 --> 00:01:19,250 Close ratio is the ratio of closed deals to leads, 20 00:01:19,250 --> 00:01:21,415 you had in the sales pipeline. 21 00:01:21,415 --> 00:01:23,250 As you may have noticed, 22 00:01:23,250 --> 00:01:28,519 sales metrics are measuring the performance of the sales team internal to the company. 23 00:01:28,519 --> 00:01:34,265 As oppose to tracking the behavior of individual customers in the marketing metrics. 24 00:01:34,265 --> 00:01:38,045 For this lesson, we will cover the metrics at the bottom of the funnel. 25 00:01:38,045 --> 00:01:40,820 But we have provided links and resources 26 00:01:40,819 --> 00:01:44,679 below for you to learn more about the others if you're interested. 2333

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