If you have 100 regular customers and 80 of them return the next month

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Average ticket The average transaction value shows how much your customers spend per purchase, and by increasing this value you can increase your total sales. For example, if your average ticket is $50 and you increase it to $60 through cross-selling , your revenue will increase without needing more customers. 4. Sales cycle duration This metric measures how long it takes to convert a prospect into a customer, and reducing this cycle can speed up your business's revenue flow. For example, if you used to close sales in 30 days and you manage to reduce it to 20 days, you will generate revenue more quickly.



5. Customer Lifetime algeria phone number list Value (CLV) This metric estimates how much a customer will generate over their entire relationship with your business, with a high CLV being a sign of loyalty and profitability. For example, if a customer buys products worth $500 per year for 3 years, their CLV would be $1,500. 6. Customer retention rate It measures the percentage of customers who return to buy, and a high rate reflects loyalty that contributes to the sustainable growth of your business. For example, , your retention rate is 80%.



How you can increase your total sales If you've ever felt like your sales are stagnant, don't worry, it's something every business faces at some point. The key is to identify what you can adjust to improve. Here I share with you some strategies that have worked for me and that could be just what you need to boost your business's total sales: Know your ideal customer : Before designing any strategy, it is essential to understand who you are selling to. Analyze their preferences, behaviors, and needs.