Overview

What is sales tracking?

Sales tracking means keeping records and detailing all aspects of your sales process. Analyzing these records helps sales managers develop a sustainable strategy that keeps critical Sales KPIs performing. When done right, sales tracking provides crystal clear visibility into your sales process and the insights necessary to convert more prospects into customers.

 

Average Order Value

Average order value (AOV) tracks the average dollar amount spent each time a customer places an order on a website or mobile app. To calculate your company’s average order value, simply divide total revenue by the number of orders.

 

Conversion Rate

The conversion rate is the number of conversions divided by the total number of visitors. For example, if an e-commerce site receives 200 visitors in a month and has 50 sales, the conversion rate would be 50 divided by 200, or 25%. A conversion can refer to any desired action that you want the user to take.

Items per Order

Measure the total number of items purchased per order.

 

Reviews Add a review
No reviews yet

More From finmodelslab.com - financial model templates

Browse our top rated business templates. See All
HOTEL ACQUISITION FINANCIAL MODEL EXCEL TEMPLATE - BUY, HOLD and SELL
1,501
62
Get ready-to-use Hotel Acquisition financial model/pro forma with equity hurdles   This Hotel Acquisition Real Estate Financial Model will serve…
WEEKLY CASH FLOW TEMPLATE - 9 WEEKS
2,615
247
Free Weekly Cash Flow Template. 1 Click to Get It! Free Weekly Cash Projections Excel Template. Free Cash Flow Spreadsheet.…
Free Breakeven Point Analysis
2,108
248
What is a break even analysis? How to find the break even point? The new year is a valuable time…
Free Project Planner Gantt Chart Excel Template
1,795
179
Free Project Planner Gantt Chart Excel Template   https://youtu.be/4CjYe_jQ72A That should cover the basics for most projects. But if you…
GREENHOUSE FARMING BUSINESS PLAN TEMPLATE
2,645
96
Analyze Greenhouse farming Revenue Model, Costs, Profit And Cash Flow With Greenhouse farming Financial Model Excel Template. Get It!  …
See All