Meet CoachRichardGPT, your 24/7 Sales Trainer and Coach
Subscribe for Email Updates
The Harris Consulting Group Logo
g2 logo

Metrics and Key Performance Indicators

Metrics are important, but if you do not follow the path through to key performance indicators (KPIs) you will never reach the answer to your ultimate question which is return on investment (ROI).

man-working-on-a-laptop-with-graphs

Work Smarter, Not Harder

Define

Define KPIs vs Metrics

Measure

Measure Your Performance

Analyze

Analyze Your Results

Iterate

Iterate Based on Data

Determining Your KPI

Key Performance Indicators (KPI) help a company define and quantitatively measure the progress toward key business objectives. Whether you have an inside sales team, SDR team, BDR team, or field sales team selecting the right metrics and KPIs to track is essential in establishing a predictable revenue streams.

One of the biggest issues that large and small companies both face is eliminating vanity metrics. These are the metrics that seemingly show performance, but by themselves do not track growth.

One example of a vanity metric is Email Open Rate. While the open rate feels like something good, by itself it means very little. Without additional information like responses rates or click rates, the open rate is merely vanity. If you have to ask additional questions about your data then you are not tracking a real KPI. A better example of a KPI would be email positive response rate.

Metrics are important, but if you do not follow the path through to KPIs you will never reach the answer to your ultimate question which is economic impact.

Understanding KPIs vs metrics is essential for business growth. Need help defining your KPIs?

Get Started

KPI Analysis

Conversations vs. Dials Ratio
Positive Email Response Ration
1st Meeting Completed vs. Meetings Set Ratio
2nd Meeting Completed vs. Meetings Set Ratio

To define your ICP, we recommend starting by asking these questions:

  1. What about our messaging “got through the noise” you experience on a regular basis?
  2. When did the pain actually start with your organization, when did it become so unbearable you decided to make a decision?
  3. What made the pain grow over that time period? How did it fester?
  4. Where did your search for solutions (Google, G2, Referral, MSP thread, etc)?

The more you have around this, the closer you can get to define your IPP intent data needs.

What Our Clients Say

"Your training reminded me that everyone in the organization is selling, not just sales."

Ted S.

CFO, GainSight.com

I've used Richard's training at multiple companies to help us shape our lead generation efforts with our SDR teams as well as outside sales executives. He helped us examine our process, tune it up, as well as train the team on the NEAT methodology which had an immediate impact on our selling efforts.

Bryan S.

VP Sales

Sometimes trainers do not acknowledge that specific industries have specific eccentricities to their sales process so it was nice that he did not assume anything and gave us time to share our input on situations too. I have used a lot of what I learned each day and feel more confident in the sales process.

Team Member in Computer Software

Mid-Market

We've seen a big improvement in the depth of the conversations our team is having with customers. Our team now have a much better understanding of the customers' pain and can then best recommend if our platform is a good fit for them or not.

Donal T.

Small Business Owner

He easily adjusted to our environment and nuances, and his suggestions have proven to bear fruit with getting prospects on the line. I'd definitely work with Richard again.

Freddy D.

Enterprise Account Executive

Richard was adaptable to our needs and our ambitious timeline. He delivered CONCRETE tools that our team was able to apply the DAY AFTER. We credit him with enabling us to create a string of breakthroughs in the days and weeks following our training.

Natalie P.

VP Sales

Richard helped provide insights into how to successfully lead a discovery call. His wisdom and expertise will leave you in a better position to sell more.

Team Member in Information Technology and Services

Small Business

Some of Our Clients

Give your sales team the skills to succeed.

Understanding KPIs vs metrics is essential for business growth.

Get Started
© 2024 The Harris Consulting Group. All Rights Reserved. | Privacy Policy
Facebook-f Instagram Linkedin-in Youtube