There are different stages of the sales funnel which are represented by attractive bright colors on the template. We see the amalgamation of different steps in successful sales transactions. The metaphor of a funnel that is wide at the top and narrow at the bottom is apt to describe a sales deal. At the top of the sales funnel, there are many prospects who think may require your product and services. You follow those leads with qualified prospects. The nature of many of your unqualified prospects may be varied. Some may have existing suppliers of products and services with whom they are very satisfied. Others
customers have demands which other competitors are better equipped to satisfy. Still, others may love your products, but do not have the budget to buy them. Next, you approach your qualified sales prospects with a persuasive pitch about your company and how you are different from your competitors. A certain percentage of the pitch delivered turns into few opportunities to meet with clients (eager prospects) and deliver them a comprehensive proposal. In keeping with the metaphor of the funnel, many qualified prospects keep parting away at each stage of the process that is indeed very long. The sales funnel is an effective way of predicting the number of prospects who will, in time, become customers. The bottom of the funnel represents when a purchase is complete and the product is delivered or service is rendered. The funnel makes sales management effortless, practical, and efficient. Sales funnel reporting is a pragmatic way of showing the roadblocks that are hindering in achieving the sales target. It is helpful in understanding the cause of poor leads. It could potentially point out where improvements need to be made within the sales process or if there is any lack of proper sales training or need for additional sales training. The Sales Funnel Template is completely editable.