What is Average Deal Size? What is the formula and why it is important

Are you looking to get the most value from your deals? Knowing how to calculate and understand average deal size accurately is crucial for businesses. It can be used in negotiations, help track customer behavior and optimize sales performance, giving you a valuable metric that can aid long-term growth. This blog post will explore everything you need to know about …

What is Completion rate? What is the formula and why it is important

As a business, it’s essential to understand how well your services and products are being adopted by customers. It doesn’t matter whether you offer digital or physical items – understanding completion rates is key for any successful business model. Whether it’s customer satisfaction surveys or internal product analysis, the rate of completion can provide actionable insights into the success (or …

What is Completion rate? What is the formula and why it is important

As a business, it’s essential to understand how well your services and products are being adopted by customers. It doesn’t matter whether you offer digital or physical items – understanding completion rates is key for any successful business model. Whether it’s customer satisfaction surveys or internal product analysis, the rate of completion can provide actionable insights into the success (or …

What is Gross Margin Value? What is the formula and why it is important

Do you ever find yourself assessing your business and wondering “how much of this month’s revenue was pure profit?” If so, then understanding the concept of gross margin is essential to maximizing profits in any organization. Gross Margin Value is an incredibly powerful metric that provides valuable insight into the performance and efficiency of a business, providing judgement on how …

What is Ticket Volume? What is the formula and why it is important

Are you struggling to keep up with ticket volume demands? If so, you’re not alone. Every day, businesses of all types must grapple with the challenge of managing a high volume of incoming tickets. From marketing inquiries and customer complaints to onboarding processes and tech support requests, every organization needs some way to track and respond to these tasks efficiently. …