Have you ever asked yourself: How much does my client cost? To know the answer, you need to calculate the so-called CAC (Customer Acquisition Cost). If it is too high, the company will start to incur losses, even if it constantly acquires new customers. However, CAC is not the only indicator that is worth tracking - CLV, or Customer Lifetime Value (customer value in the long term) is equally important. How can you calculate both indicators and why not knowing them is one of the biggest mistakes a sales manager can make? I invite you to read the Grzegorz Kubera's article “How much does your client cost?”.
Another question any sales manager would like to ask is: How can I increase my sales without losing my margin? Knowledge of business and commercial mathematics may be very useful for this task, not only when it comes to the boss, but above all when it comes to their team. In particular, it is crucial to control the salespeople’s natural tendency to grant discounts to customers who hesitate before buying. More on this subject you’ll read in the article by Małgorzata Warda.
During a pandemic, many of us succumb to emotions, especially negative ones, much faster. As a result, it is much easier for conflicts to escalate - both in the relationship between the boss and their employees and between sellers themselves. How do you not exacerbate the situation and not to threaten the cohesion of a team? I highly recommend Katarzyna Muzyczyszyn’s article “How to avoid escalating conflict in tense situations”.
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Log in Order a subscription Buy PDF Buy a printed editionWinning over new customers from the referrals of regulars should be a component of every successful business. There is no more valuable form of promotion for a product or service than a recommendation from a satisfied customer.
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