Select all that apply. Which type of metrics can help you evaluate the health of your Engage stage?
- Sales pipeline velocity
- Referral rate
- Average deal size
- Sales cycle length
Explanation: The correct answers are Sales pipeline velocity, Average deal size, and Sales cycle length. These metrics are essential for evaluating the health and performance of the Engage stage in the customer lifecycle. Sales pipeline velocity measures the speed at which deals move through the sales pipeline, reflecting the efficiency of the sales process during the Engage stage. A higher velocity indicates that deals are progressing quickly, signaling a healthy sales pipeline. Average deal size provides insights into the value of deals closed during the Engage stage, helping businesses understand the revenue potential and effectiveness of their sales efforts. A consistent or increasing average deal size suggests that the Engage stage is effectively nurturing and closing deals of substantial value. Sales cycle length measures the time it takes for a lead to progress from initial contact to closing a deal, offering insights into the efficiency and effectiveness of the Engage stage in converting leads into customers. A shorter sales cycle length indicates that leads are moving quickly through the sales process, resulting in faster conversions and higher revenue generation. Conversely, a longer sales cycle may indicate potential bottlenecks or inefficiencies in the Engage stage that need to be addressed. While Referral rate is a valuable metric for assessing customer satisfaction and loyalty, it is more relevant to the Delight stage of the customer lifecycle rather than the Engage stage. Therefore, it is not directly related to evaluating the health of the Engage stage. Hence, the selected answers accurately represent the types of metrics that can help businesses assess and optimize the performance of the Engage stage in the customer lifecycle.