Discover why this is the most important sales funnel metric, that so many internet marketers tend to overlook, to their cost.
The big news of the day is… And this is kind of a little too early to get too excited, but…
I Really Do Like To Go Off The Data
…that I see and feel my gut instinct my gut instinct is rarely wrong. In fact, gut instincts are rarely wrong for most people.
So we opened up… after weeks of optimization and after months of building and creating… we opened up a brand new offer, with our brand new sales funnel behind it, to our Certified Partners two days ago – less than two days ago, 36 hours ago.
And we ran the numbers yesterday, just to see like what’s happening. Now don’t get me wrong, we haven’t had a serious amount of leads into the funnel. Only, I think, five or six hundred leads entered the funnel in the in the first 24 hours or so.
But What I’m Excited By, Is The Numbers That We’re Seeing
The most important sales funnel metric ultimately, for me at least… There’s a lot of people that get hung up on, “What’s the conversion rate?”
The conversion rate to me is just a vanity sales funnel metric. Does conversion rate really matter?
What really matters is… What is a buyer worth? Okay? So, how much is a customer spending?
We Have A Sales Funnel Metric We Call ‘ACV’
…which is ‘average cart value’. So, what average cart value means is, how much has a customer spent by the time they’ve completed your front-end sales funnel.
Basically, to put it in simple terms, after they’ve ordered that front-end offer, that first thing, and then seen the upsells that you presented, and they’ve basically finished that initial sales cycle, how much did that customers spend? Or how much are your customers spending on average, after going through that?
And here’s the exciting news already.
In the first 24 hours, having done five or six hundred leads through the sales funnel so far, the average cart value for the initial front-end sales funnel is… I think it was like thirty to thirty three dollars.
This Sales Funnel Metric Is Pretty Exciting!
Because whenever you start seeing numbers like that, then I know we have got a seven figure sales funnel on our hands here…
Continue reading here: Sales Funnel Metric