
Every morning, you open your CRM, or your sales tracker and it's looking good, leads at every stage, deals in progress, follow-ups pending etc. The group appears to be very busy. The numbers are lively and active. However, when the month is finished, the pay doesn't work out. A thing is decaying in the midst, without a sound.
This is one of the more common, and less addressed, issues for business owners. It is not the pipeline that is the issue. The process that it's managed by is.
Most business owners will use the number of leads in the pipeline as the indicator of pipeline health. However, no one can tell if the volume is meaningful without seeing it. How many leads were called, what was said, when they should be contacted next, and why there hasn't been a response are the actual questions you should ask yourself.
If you don't have that visibility, your pipeline would be filled with stale opportunities that you think are in the funnel, but are not. You don't notice they've been cold for ages because you get the same leads every week.
A leak is not likely to occur at the top of the funnel. The majority of businesses are already creating their leads. It's a loss that occurs in the middle — between first contact and closed deal. Specifically:
Follow up is not done as no one is keeping track of those that need a follow up and when.
Proposals are sent out and never followed up on — due to the salesperson moving on to the next lead.
A warm lead that was not contacted for three days and a non-triggered alert that was not contacted for three days turns to a cold lead.The warm lead turns to cold lead due to the lack of contact for three days and the lack of alert for three days.
Different information is provided to the same lead by two team members.
A agreement is considered "in progress" if there hasn't been any activity for six weeks.
All of these issues are not apparent without a system in place to uncover them. A good CRM system does just that — it makes invisible process failures visible and fixable.
A lot of businesses in Kochi and all over India are still dealing with their customer interactions with the use of spreadsheets, WhatsApp groups and on personal phones. Works till it doesn't! Any system that relies on manuality fails to support a team larger than three and/or more than 50 leads per month.
The true problem is that these tools weren't built to be used for Customer relationship management . They are not in charge of relationships; they just store data. The key to turning a pipeline into cash is to control relationships.
The real impact of a Purpose Built CRM.When you hire a dedicated CRM Software Development Company in Kochi, you can expect a system to be made specifically for your business, and not the one you'll ditch after a couple of weeks.
Reminders that are automated – so no lead is missed.
One window to all customer interactions – calls, emails, meetings and notes.
Tracking of pipeline stages with details of what's happening and why.
Team responsibility -- who is responsible for each lead, what action is needed and when.
Revenue prediction is not on a gut feel basis and is based on actual deal progress.
The end result isn't simply a cleaner sales procedure. It's something that you can measure , it's a measurable improvement in conversion rate, because the right people are being reached at the right time, every time.
In the competitive market of Kochi, connections are the foundation of commercial dealings. No matter what line of business you are in, whether it's real estate, healthcare, trading, or IT services or education, customers are expecting a response and personalized attention.
A single missed follow-up, missed callback or misunderstanding with your team can unexpectedly send a prospect down the road to your competitor.
Hiring a reputable CRM software development company in Kochi will give you a system that comprehends your company's needs, your preferred language, the type of team you work with, and much more – not a product that was built for an entirely different market.
Having a full pipeline is a first step, not a sure thing. The magic behind making a pipeline make money is the system that controls what's going on in it. But if your business is generating leads and just can't seem to get them to convert, the issue is not the quality of the leads, it's probably how you follow up on them.
Esight Solutions is a reliable CRM Software Development Company in Kochi that assists the enterprises in creating CRM software systems that align with their real sales process, and not a template. When your revenue isn't showing up as a result of the work your team is doing, it may be time to create a smarter system.
Speak with Esight Solutions now and discover just where you're losing money down your pipeline — and how you can stop it.
Tell us about your business challenge. We’ll tell you how we’d solve it.