With the change in consumer behaviour amid the pandemic, managing sales has become more challenging than before. Many companies struggle to analyze the influx of sales data and make efficient business policies. If you want to amplify your sales, it’s time to focus on Key Performance Indicators (KPIs).
Continue reading this blog to learn more about four different key performance indicators.
Sales by Product
From your wide range of products, not every product can perform well in the market. If you want to boost sales, you should identify the underperforming goods using the sales by product indicator and analyze why customers aren’t buying them. This can help you develop targeted sales policies that can improve your company’s market performance.
Competitor Pricing
In today’s cutthroat market, analyzing your product isn’t enough. You need to keep an eye on your competitor and analyze your competitors’ policies to stay ahead of the competition. You can use the competitor pricing indicator to keep track of your rival firms and make business strategies accordingly.
Sales Volume by Location
Consumers have been divided into physical and online platforms, making it difficult for companies to analyze sales performance. This is why we recommend using the sales volume by location indicator to identify where demand for your product is highest and lowest by comparing sales volumes across different platforms, including physical stores and e-commerce platforms.
Identifying which areas aren’t doing well can help you make sales policies that target specific areas, boosting sales revenue.
Salesperson Performance
As a firm owner, your responsibility is to always keep an eye on your employees. You should be able to identify the high and the low achievers in your workforce, but how do you do it?
A good strategy is to use the salesperson performance indicator to determine the individual performance of your employees. However, if you’re running a large corporation, collecting data from every employee can take an eternity. This is why we recommend getting your hands on a salesperson performance dashboard that can provide you with the relevant data.
Once you’ve identified the high achievers, you should give them frequent benefits to keep them motivated. You should also conduct training sessions to allow the low-performing employees to improve themselves.
Top-Quality Sales Dashboards Available
Want to analyze your company’s sales performance but don’t know how? Visit Biz Infograph to get top-quality sales dashboards at economical rates. Our sales dashboards can help you determine your sales revenue and also assist you in analyzing your sales team’s performance. We also provide business dashboards that can help you boost productivity in other departments, including HR, finance, and supply chain.
We also offer slide templates to corporate employees, freelancers, and educators to help them create attractive presentations.
So, what are you waiting for? Reach out to us today for more details.