Key Performance Indicators Online

Key Performance IndicatorsSo What is a KPI?

KPI stands for Key Performance Indicator.

All of us who have attended school received report cards on a regular basis. The grades you received were your KPI’s while you were in school.

They reported to you:

  • Your areas of strength
  • Areas of weakness

As a result, KPI’s helped you to focus on the categories where you needed to devote more effort to perform at a higher level – or in other words – to achieve your goals.  If you are getting an F  in Math perhaps it’s time to get a tutor. You get the idea.

In business, KPI’s provide the same benefits as they did in school. They help the business owner and his team focus on the areas that are most critical to achieving their goals by measuring performance in a tangible way – by using a predetermined metrics.

So What is a KPI Online?

Google Analytics has a ton of metrics in it.  A key performance indicator (KPI) is a metric that helps you understand how you are doing against your business goals and objectives.  

Tracking your KPI’s online is important.  Now a days you can’t just have a website -  you need to analyze it’s metrics and track it’s KPI’s.  Why?  Because more purchases are made online today than ever before.  You want to make sure that you get on the bandwagon and start receiving online sales too. 

Taking a deeper look at the KPI’s of your website or blog, will allow you to better understand how to increase your web traffic

When looking at Google Analytics it can be a bit overwhelming. What metrics make sense to follow?  Well this could be different for every business.  All of the below are metrics:

  • Number of Visits to your site
  • Number of Page Views
  • Bounce Rate
  • Average Time on Site

Be careful though in identifying KPI’s, because they are unique to every business (even between competitors) and a great way to fail quickly at this step is to poorly select what KPI’s are important.  Once you have your important KPI’s selected, it’s time to start tracking them.  By tracking KPI’s you can then see what areas need improvement.  It will change the way you do business online and hopefully increase your conversion rate. 

What is Your #1 Business Challenge?

Whatever your business challenge is, we can help you starting today.

Simply click the link below to schedule your free 30 minute, no obligation, phone consultation. We’ll focus on your #1 challenge, and at the end of the call we’ll give you at least one practical strategy so that you can move forward immediately.

Schedule your free 30 minute
business consulting session today!

Or you can follow the link and our business coaches can provide a Complimentary Business Evaluation or Key Performance Indicator Assesment for your business.

Start increasing your bottom line today.

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The Do’s and Dont’s of Sales Lead Generation

Sales Lead GenerationWith Halloween being just around the corner we thought it would be beneficial to address the do’s and dont’s of Sales Lead Generation and how to create a spectacular customer experience not a spooktacular one.

It’s important to leave the customer satisfied and wanting to either purchase from you again or refer business your way. Don’t leave your customers and prospects out in the dark.

Here are 3 Don’ts of Sales Lead Generation:

  1. Don’t Run a Skeleton Staff
  2. Don’t Spook your Customers
  3. Don’t Leave the Ghosts Frustrated

Particularly in times of economic distress, many companies begin to start slashing their staff. While working on a bare-bones staff is possible and more cost effective, how does this translate to the customer? Running on a lean staff can lead to delays, poor customer service and a low employee morale as the remaining staff members must pick up the slack. So in short, running on a Skeleton Staff, can backfire into a bloody mess.

Don’t spook your customers. If your staff is utilizing heavily scripted sales verbiage or generic form letters, you may want to re-evaluate your sales process. Today it’s all about getting personal – not impersonal. Customers are smart and they expect an authentic experience, not a scripted one. Just think about all the scripted automated sales calls you receive late in the evening when you are at home. You hang up the phone right? If customer-service personnel perform like zombies, you can guarantee that customers will run from them.

Customers like to know what’s going to happen in each transaction. Not knowing when they are going to hear back from you or what is expected of them up front, could lead to frustrated customers who don’t buy. We recommend that you manage customer expectations by walking them through the sale process up front. Providing the customer with the information on what paperwork is required and when they will hear back from you is important. Delivering what you promise, when you promise it is even more important.

Here are 3 do’s of Sales Lead Generation:

  1. Do Set Monstrous Goals
  2. Create Happy Loyal Zombies
  3. Aspire to do better

It’s important to set stretch goals for the company. Remember to set these goals within reason as you want to provide the team with goals that they can reach towards, but that aren’t unattainable.

To create happy, satisfied, and loyal customers, you need happy employees. This starts by creating a team environment where employees feel appreciated and respected. How do you establish a happy effective team?

  • Lead by example
  • Set up measurement systems to ensure that your employees know what they need to do
  • Evaluate employee performance consistently

Aspire to commit to a higher level of service. Identify where your company comes up short, and train your employees to not only do better, but want to provide a better experience to the customers.

What is Your #1 Business Challenge?

Whatever your business challenge is, we can help you starting today.

Simply click the link below to schedule your free 30 minute, no obligation, phone consultation. We’ll focus on your #1 challenge, and at the end of the call we’ll give you at least one practical strategy so that you can move forward immediately.

Schedule your free 30 minute
business consulting session today!

Or you can follow the link and our business coaches can provide a Complimentary Business Evaluation your business.

Start increasing your bottom line today.

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