Creating 1M Plus in New Revenue
Apr 12, 2022![](https://kajabi-storefronts-production.kajabi-cdn.com/kajabi-storefronts-production/blogs/21169/images/C4tKFeDVRYdDk2VpcaDs_818679D1-4C85-4D5D-8E07-7C7922D2DF38.jpeg)
How many sales meetings are needed to drive 1M in new revenue?
𝗬𝗼𝘂𝗿 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 𝘀𝗮𝗹𝗲𝘀 𝘁𝗲𝗮𝗺 𝘀𝗵𝗼𝘂𝗹𝗱 𝗸𝗻𝗼𝘄 𝘁𝗵𝗶𝘀 ... 𝗵𝗲𝗿𝗲'𝘀 𝘄𝗵𝘆 👇
It depends on two factors which you need to know.
#1 - Your sales close rate
#2 - Projected annual revenue per account (ARPA)
(Example)
Let's say your sales close rate is 40%.
Let's say a decent new account will spend 25k annually
For every 1M in new sales, you'll need 8 high-quality sales meetings a month.
🔥 Find a way for your team to create 42 sales meetings a month, and you'll be driving 5M in new sales.
𝗢𝗥 - 𝗣𝘂𝗿𝘀𝘂𝗲 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝘄𝗵𝗼 𝘄𝗶𝗹𝗹 𝘀𝗽𝗲𝗻𝗱 𝟱𝟬𝗸 𝗮 𝘆𝗲𝗮𝗿
... and you'll only need 21 appointments a month to hit 5M in new revenue.
Business is a science driven by math. Understand the math, the revenue will follow.
A well thought through business model will provide you with a clear path to hit ANY revenue goal. Perhaps time to whiteboard out your model?
This is the art of business growth. **When God anoints you for business — your growth will be accelerated.
-Gerald