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Sales Velocity Report : Make Smarter Ad Decisions

By Scott Desgrosseilliers on Apr 12, 2017, 3:55:46 PM

HOW TO USE THE SALES VELOCITY REPORT TO MAKE SMARTER AD DECISIONS 

One Wicked Reports customer almost canceled his most profitable Facebook campaign. He was measuring response every week, and on that timeline only 4.4% of new leads from those ads had purchased, so the campaign looked like a loser. But more than half his leads took over a week to buy, and over time those ads generated more than $800,000 in revenue on $125,000 of spend. Measuring weekly nearly cost him his best campaign. Measuring the real buying cycle saved it.

That is the entire point of the Sales Velocity Report. It answers a question most advertisers cannot answer, and the answer decides whether you scale profitably or bleed budget. How long does it actually take your leads to buy? 

WHAT SALES VELOCITY ACTUALLY MEASURES

Sales velocity is the time it takes a lead to become a customer, measured from a real starting point such as first click or first opt-in through to the purchase. The Wicked Reports Sales Velocity Report shows you that timing across your customers, broken down by the milestones that matter.

First click to purchase.

How many days, on average, between a customer's very first interaction with you and their first order.

First opt-in or new lead to purchase.

For lead-based funnels, how long between someone becoming a lead and becoming a buyer, which tells you how much time your nurture sequence actually has to work.

The report shows that buying cycle alongside the value of each first purchase, measured by total, by percent that purchased, and by percent that did not, and you can filter by any element to drill down. Rather than a single blur of "some people buy fast and some buy slow," you get the real shape of your buying cycle, so you can plan around it instead of guessing.

Topics: Wicked Reports Marketing Attribution Sales Velocity buying cycle ad spend decisions