Today, a majority of consumers are experiencing a number of issues in the work space, such as a lack of leads and sales, how to write an impressive sales e-mail, how they can prove to the C-suite why and how their sales strategy can be improved, etc. With these factors in mind, we have compiled a list of 100 sales statistics that can help you solve the aforementioned issues, and more.
Lead Generation Sales Statistics
- Only 8% of salespeople state that the leads generated for them by their marketing teams are of high quality.
- The best-performing sales representatives use LinkedIn at least 6 hours a week for prospecting and connecting with their peers.
- 94% of prospects are active on social media…
- …And yet, only 5% of B2B sales teams consider social media to be an effective lead generation tool.
- Less than 50% of initial prospects turn out to be a good fit.
- More than ¾ of companies are providing more than ¼ of their sales representatives’ leads.
- It’s 6 to 7 times more expensive to acquire a new customer than to keep an existing one.
- The average company loses 10 to 30% of its customers annually.
- 55% of B2B buyers search for information on social media.
Writing Sales E-mails Sales Statistics
- Using a CTA button in place of a link increased click-throughs by 28%.
- Less is more – one study found that click-through rates increased by 42% when the number of CTAs in an e-mail decreased from four to just one.
- 47% of e-mails are opened or discarded based solely on their subject line.
- As of 2016, 55% of e-mails were opened on mobile devices.
- Using words like “account,” “campaign,” and “next” in the subject line of sales e-mails has been proven to increase open rates.
- Three of the most ineffective words to include in subject lines are “invite,” “join,” and “confirm.”
- Writing your subject line entirely in upper case significantly reduces response rates.
- Subject lines consisting of three or four words resulted in the highest response rate.
- Personalizing subject lines can increase open rates by 50%.
- Offering recipients a way out doubles the chance of them saying yes.
- Including questions in e-mails increases response rates by 50%.
- Writing at a third-grade reading level increases response rate by 36%.
- The ideal length of a sales e-mail is between 50 and 125 words.
Sending Sales E-mails Sales Statistics
- The best time to send an e-mail is between 8AM to 10AM, and 3PM to 4PM.
- The best day to send an e-mail is Tuesday.
- 8 out of 10 prospects want to talk to sales representatives via e-mail, over any other medium.
- The average person spends 4 hours a week opening, reading and responding to e-mails.
- B2C sales e-mails typically see higher open rates than B2B sales e-mails. Specifically, B2B open rates average at around 30% and B2C, between 30.5% and 34.9%.
- 89% of marketers say that e-mail is their primary channel for lead generation.
- E-mail marketing yields an average ROI at 4,300%.
- E-mail is nearly 40x more effective at new customer acquisition than Facebook or Twitter.
- 70% of salespeople give up if they don’t receive a reply to their first e-mail.
- The average cold e-mail campaign gets less than a 1% response rate.
- Follow up e-mails often receive a better response rate than the initial e-mail. One study found an 18% response rate to the first e-mail, 13% to the 4th, and 27% to the 6th. Another study saw a 30% response rate to the first e-mail, and 14% to the 4th. Even the 10th email in the sequence received a 7% response rate.
- Open rates vary depending on industry, but the average open rate for e-mails across all industries is 37%.
Picking Up the Phone Statistics
- 92% of all customer interactions take place over the phone.
- 75% of prospects in the C-suite are happy to take sales calls (compared to 64% of directors and 59% of managers).
- You’re 46% more likely to successfully connect with a director when dialing a direct dial number …
- … and you’re 147% more likely to successfully connect when calling a VP’s direct line.
- 80% of phone calls go straight to voicemail, and 90% of first-time voicemails are ignored.
- Despite this, the average sales rep spends 25 hours a month just leaving voicemail messages.
- The ideal length of a voicemail message is between 8 and 14 seconds.
- It takes an average of 18 calls to connect with a buyer.
- Just 2% of cold calls result in an appointment.
- 85% of prospects are dissatisfied with their experiences of talking to sales representatives on the phone.
- Sales calls lasting between 6 to 10 minutes convert at a higher rate (29%) than calls over 10 minutes (22%).
Referrals Statistics
- Peer recommendations affect more than 90% of purchasing decisions.
- Although 91% of customers state they would willingly give a referral, just 11% of sales representatives ask for them.
- Sales representatives who actively seek out referrals typically earn 4 to 5 times as much as those who do not.
- 80% of calls with a referred prospect result in a meeting.
- The average lifetime value of a referred customer is 16% higher than that of a non-referred customer.
- Prospects referred by a friend are 4 times more likely to make a purchase.
Lead Nurturing Sales Statistics
- Companies that excel at lead nurturing have 9% more sales representatives making quota.
- 78% of decision-makers report having arranged an appointment or attending an event as a result of a cold e-mail or call.
- Lead nurturing e-mails have an average CTR of 8% compared to general e-mails, which have a CTR of 3%.
- Nurtured leads tend to result in an additional 20% more sales opportunities.
- Businesses that use marketing automation to help nurture prospects witness a 451% increase in qualified leads.
- Nurtured leads spend 47% more than non-nurtured leads.
- High-growth organizations report an average of 16 touch points per prospectwithin a 2 to 4 week span.
- 63% of prospects who request information today will not buy for at least 3 months. 20% of them will take more than 12 months to buy.
- The average cost of a call to a potential customer is just $33.11. The average cost of going out and visiting them is $276.48.
- 58% of buyers state that sales meetings aren’t valuable, and that there should be a greater focus on the value you can deliver them.
- 69% of buyers state that providing primary research data that’s relevant to their business is the best way for representatives to add value.
- According to buyers, the three most important elements of a positive sales experience are a sales representative who 1) listens to their needs, 2) isn’t pushy, and 3) provides relevant information.
- 58% of buyers want to discuss pricing in the first sales call, but only 23% of representatives want to discuss it with them.
- 54% of buyers want a product demo on the first call.
- 82% of B2B buyers think sales representatives are unprepared.
- Only 19% of buyers want to connect with sales representatives during the awareness stage of the sales cycle; 60% of them want to wait until they reach consideration stage.
- 95% of customers choose to buy from providers that offer relevant content at every stage of the buying process.
- The best-performing sales representatives use collaborative words like “we” or “us” instead of words like “I” or “me.”
- Following a presentation, 63% of prospects remember stories, but just 5% remember statistics.
- 9 out of 10 B2B buyers say online content has a moderate to major effect on their purchasing decisions.
- 68% of B2B customers are lost because of indifference or perceived apathy, not because of mistakes.
Closing the Sale
- Between 30-50% of sales go to the vendor that responds first.
- 38% of salespeople say getting a response from prospects is becoming increasingly more difficult.
- 35% of sales representatives say the same about closing a sale.
- 92% of salespeople give up after four “no’s,” but 80% of prospects say “no” four times before they say yes.
- Jason Zook, founder of the now-dissolved IWearYourShirt, generated about 75% of successful deals from follow-up e-mails.
- 73% of sales representatives that leverage social selling exceed their quota 23% more often than their counterparts.
- Just 8% of sales representatives are making 80% of the sales.
- 36% of sales representatives say closing the sale is the most challenging part of their job.
- Using the word “discount” decreases the odds of successfully closing a sale by 17%.
- 55% of sales representatives say budget is the most common reason a promising deal falls through.
And the Rest
- 61% of sales representatives believe selling is harder than it was 10 years ago.
- The average company spends 10-$15K hiring a sales representative, but just $2K a year training them.
- The best-performing sales organizations are twice as likely to perform ongoing training than low-performing ones.
- It takes at least 10 months for a new sales representative to reach their full potential.
- Without ongoing learning, 84% of sales training is forgotten within 90 days.
- 18% of sales representatives don’t know what a CRM is.
- 40% of sales representatives still use tools like Outlook or Excel to store customer and lead data.
- 32% of sales representatives are spending an hour or more on data entry every day.
- 45% of sales teams state excessive administration tasks hinder their productivity.
- Data decays at about 2% a month. This means that 20% of your data will be unusable within a year.
- 25% of the data in a typical sales database is inaccurate.
- The average company loses 12% of its revenue as a result of inaccurate data.
- High-performing companies are twice as likely as underperforming companies to describe their sales processes as automated.
- While 50% of sales representatives state they avoid being pushy when approaching buyers, 84% of buyers felt this wasn’t the case.
- 40% of sales representatives say that prospecting is the most challenging part of their job.
- Firms with between 100-500 employees will have, on average, just 7 members of staff involved in purchasing decisions.
- Just 13% of prospects believe a sales representative can understand their needs.
- Sales representatives that use a third channel of communication in addition to phone and e-mail have 28% higher MQL-to-SQL rates.
- Prospects open only 24% of sales e-mails.
- E-mail marketing has a 4,400% return on investment.
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- Author Details
Author Details
Ishan Jetley is the founder and managing director of Go Business Plans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in business working capital, inventory and commercial property loans.