A sales pipeline is a visual representation of sales leads and where they are in the purchasing process. Pipelines also provide an overview of a counselor's forecast and how close he is to making reaching your goal, as well as how close a sales team as a whole is to reaching your sales goal. This enables sales representatives and sales managers to forecast the number and dollar amounts of deals that will close in a given period of time.
In some ways, a sales pipeline aggregates individual customer sales funnels into a composite picture that measures the health of all sales prospects. The sales pipeline also visualizes the lifecycle of various customer prospects, from initial interaction to deal close. These steps include the following:
The health of a sales pipeline is often reflected by the following four metrics:
In the video above we provide a comprehensive explanation for your day-to-day. How to use the sales pipeline, the details in it and more.
You can create as many "Sales pipelines" as you wish. In the example above we have few custom pipelines: Ireland, China, Colombia.