23/02/2023
Letโs talk about YOUR TARGET ๐ฏ
A sales target is a clear goal that you as a business owner set for yourself & sales team to help generate revenue to meet up with your core daily business activities and for sustainable growth
You must be very intentional to set sales targets at the beginning of a sales period in your business which is annually and your ability to breakdown business sales goal on your product & service into
๐ Annually Target
๐ Quarterly Target
๐ Months Target
๐ Weekly Target
๐ Daily Target
๐ Hourly & Every minute target
with a clear goal, followed by a key performance indicator (KPI) measurement strategy and marketing tool will make all the difference in your business right away.
Let's see this EXAMPLE of you being INTENTIONALITY with your sales goal setting
Letโs say as a business owner your sales goal at the beginning of this very year 2023 is
๐ฐ Annual: โฆ 24,000,000
๐ฐ Quarterly : โฆ 6,000,000
๐ฐ Monthly : โฆ 2,000,000
๐ฐ Weekly: โฆ 500,000
๐ฐ Daily: โฆ 71,430
๐ฐ Hourly: โฆ 2,977
๐ฐMinutes: โฆ 50
Letโs take it a little bit further on the sales target, you are able to implement it on say
Products A, B & C
Service A, B $ C
With well REVENUE MODEL to aggressively follow up on sales drive with your team member having a sense of urgency toward their daily task, close your eyes for seconds and imagine what will business account balance look like monthly ๐ค
Here are three (3) factors you need to carefully consider when choosing your revenue stream:
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Value proposition: Your value offer needs to have some kind of connection to your income source. The value that is delivered by your product or service ought to coincide with the income sources that you have.
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The Market: Your income streams will be determined by your consumer base as well as your market fit. If your target market is made up of individual consumers, it makes perfect sense to offer a subscription service. If, on the other hand, you own a software firm, licensing your service can be a better option for you.
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Competitors โ Analyze the means via which your competitors bring in income. You might learn how to find your own sources of income by looking at your competitors' methods, mistakes, and successes.
Success in business is base on four (4) Major factors
(1) OFFER (Product/service)
(2) AUDIENCE ( Target market)
(3) TRAFFIC (engagement)
(4) AGGRESSIVE VISIBILITY (consistency)
Your goal this year 2023 should be to score minimum 90% in each aspect in your business.
From yours in success
ยฉ๏ธ Abraham Orukpe
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