Average Time to Close Deal measures the average duration it takes to close a deal, from initial contact to the signing of the contract.
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To track Average Time to Close Deal using Databox, follow these steps:
This databoard tracks different components of closed won deals in order to gauge success and predict future growth.
Use this HubSpot CRM report to report on your sales pipeline, sales rep. performance, and more.
The Average Time to Close Deal metric isn’t available via HubSpot’s API, so we’re conducting our own calculation to derive this value. The calculation involves subtracting the Deal Created Time from the Deal Close Time to obtain the Time to Close value. Then, the average is determined by adding up the Time to Close values for all deals within the selected period and dividing by the total number of deals.
For instance, let’s consider three closed deals so far this week, with close times of 2, 6, and 19 hours respectively. The Average Time to Close is calculated as (2 + 6 + 19) / 3, resulting in an average of 9 hours.
Accounts Engaged is a metric that measures the total number of unique accounts that have interacted with your Instagram Business account within a specific time frame, including likes, comments, and shares.
The All Deals metric in HubspotCRM provides a comprehensive overview of all deals in the sales pipeline, including the total number of deals, their total value, and their current stage.
Deals Closed Lost is a metric that measures the number of deals that have been fully progressed through the sales cycle but ultimately did not result in a sale or were lost to a competitor.
This metric shows the total monetary value of open deals in each stage of the sales pipeline, categorized by different sales processes.
The Deals Amount by Original Source Type metric shows the total value of deals won in a specific time period, categorized by the original source that brought in the lead, such as email marketing, social media, or paid advertising. This helps analyze which marketing channels are driving the most revenue for your business.
The Deals by Deal Type (by Create Date) metric is a report that shows the number of deals created during a specific timeframe, categorized by the type of deal. This enables businesses to track how many sales have been made by deal type and identify trends within specific deal types.
This metric allows you to track the number of open deals that have not been closed yet, categorized by their current stage in the pipeline.
The Meetings by Owner metric shows the number of meetings scheduled and owned by each user in the Hubspot CRM, enabling you to track individual productivity and performance in terms of setting up meetings with prospects and clients.