The Biggest Hole in the Sales Funnel
One of the most basic measures of any B2B sales funnel is proposal win rate.
Nearly everyone measures it — and with good reason. “Closed Won” is directly related to sales and profits.
So it’s only natural to benchmark your performance at this stage.
What’s the Average Win Rate for Sales Proposals?
Depends on whom you ask.
According to this study, based on over 25,000 proposals worth $270 million, the average win rate (the ones that ended in a sale) was 43%.
This survey puts the average at 47%.
This article says 32%.
Granted, many factors affect the ratios, such as industry type, number of competitors, etc.
And some companies boast winning percentages in the 75% – 80% range.
But if the data is accurate, most proposals fail. The prospect either chooses a competitor or makes a “no-decision”.
This creates a huge hole in the sales funnel..
Enter the Downsell Funnell.
The purpose of the Downsell Funnel is to turn prospects who said “no” into “Closed Won” — without sacrificing margin, and without incurring any additional selling costs.
The Blueprint for the Downsell Funnel
Follow the links below for a description of each step:
Create and deploy the Downsell Funnel within 7 days.
Find out how by clicking here.
This is a publication from the new B2B Sales Funnel Library — an online collection of top sales funnels for Lead Generation, Sales Conversion and Customer Success.
Join the library for full access to the sales funnel archives, including blueprints and step-by-step implementation guides.
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