How to Analyze Deal Conversion Rates using Pipedrive
Discover how to analyze deal conversion rates using Pipedrive. Gain insights into your sales performance, identify bottlenecks, and maximize revenue potential effectively.
1
Navigate to the Insights tab in Pipedrive
To create conversion reports in Pipedrive, you will need to navigate to the Insights tab in your account.
2
Create a new Conversion Reports dashboard
1
Click on the plus button and select "New dashboard
Once you are on the Insights tab, you will need to create a new Conversion Reports dashboard.
To do this, click on the plus button and select "New dashboard" from the drop-down menu.
2
Give your dashboard a name and click "Create"
3
Create a Deal Conversion report
1
Click on the plus button on your Conversion Reports dashboard and selecting "New report".
To create a conversion report, start by clicking on the plus button on your Conversion Reports dashboard and selecting "New report".
2
From the list of report types, select "Deal conversion" and click "Continue".
4
Customize your report by selecting a pipeline, excluding stages, and changing the time frame
1
Customize your report by selecting a specific pipeline, excluding certain stages, and changing the time frame
Once you have selected "Deal conversion", you can customize your report by selecting a specific pipeline, excluding certain stages, and changing the time frame. This will allow you to focus on specific areas of your sales process and identify where you may be losing potential customers.
2
You can also choose to show either the number of deals or the deal value in your report
5
Save your report and add it to your Conversion Reports dashboard
1
Once you have customized your report, click "Save" and give your report a name
2
Adding your report to your Conversion Reports dashboard
Then, add your report to your Conversion Reports dashboard by clicking "Add to dashboard" and selecting the dashboard you created in Step 2.
6
Create additional reports based on different dimensions
Create additional reports based on different dimensions, such as deal owner, deal source, revenue model, and lead conversion rates To gain deeper insights into your sales process, you can create additional reports based on different dimensions such as deal owner, deal source, revenue model, and lead conversion rates. This will allow you to see which salespeople are performing well, which marketing channels are driving the most revenue, and which types of services or products are selling best.
7
Analyze your reports to gain insights into your sales process and identify areas for improvement
Once you have created your conversion reports, analyze them to gain insights into your sales process and identify areas for improvement. Look for trends and patterns in your data, and use this information to make changes to your sales process that will help you drive more revenue for your business.
Elevate your sales strategy with Pipedrive's deal conversion analysis. Uncover opportunities for growth, refine tactics, and boost your bottom line efficiently.
