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Understanding Business Metrics
Knowing these specific numbers makes you rich
It is Toussaint Gilbert
Today we’re going to talk about the exact metrics you need to know to achieve any monetary goal in your business.
Whether its $10k, $20k, $50k, or even $100k per month and beyond, this will allow you to hit that goal
est. 3 min read
Deep Dive
The first metric you need to know in order to achieve your goal is your CPL.
This is how much it costs you to get a lead, let me explain why…
This isn’t simply talking about running ads and looking at your cost per lead.
This is for any acquisition channel you use.
You need to understand exactly:
How many emails it takes you to get a lead
How many organic posts it takes you to get a lead
How many dollars in ad spend it takes you to get a lead.
This metric is very important as it will allow us to build a system to achieve any goal we want.
Lead to Call %
This simply means how many leads does it take us to get a booked call with someone we can potentially close on our service
Show Rate
From the people that book a call with us, how many of them actually show up?
This number is our show rate.
Close Rate
Out of all the people that actually show up and have a conversation with us
How many do we close?
This is our closing percentage.
Now that we have all these numbers, we can define a goal and achieve it.
Let’s say we want to hit $50k per month while selling a $3k offer
All we would figure out is how many leads we need to get to achieve this goal.
If we get:
1500 leads in a month
90 people book a call
68 Show up
We then close 17 people that show up (which is only 25%)
Then congrats, we just made $51,000
The goal of this email was to show you how to detach your emotions from business and think logically to achieve any goal you want.
Hope this helped.
Want more help to scale?
Allow me to do the following:
1. Let me productize your offer and help you build a full solution for your market
2. Turn it into something tangible that we can build and outline once and repeat for every single customer.
3. For a high ticket price ($5k-$15k+).
4. We’ll build out your full acquisition system so you can consistently hit the KPIs you need to sign clients effortlessly.
5. We’ll build your backend systems, infrastructure, and operations so you can wake up to stripe notifications before breakfast.
6. I only get paid when you make money (Allow me to become your partner).
If this sounds interesting -> Find a slot to speak with me here.
The Process:
I'm currently doing walkthrough & implementation calls where i’ll design your 120 day business roadmap and show you how to implement the system that personally scaled me to $106k/mo
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- If it makes sense for you and you want to partner together, let’s get started by building out the foundational infrastructure of your company.
Hope you enjoyed this one,
-Toussaint
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