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HubSpot CRM Average Time to Close Deal by Pipeline

The Average Time to Close Deal by Pipeline metric measures the average time it takes to close a deal in each stage of the sales pipeline, providing insights into the overall sales cycle.

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Average Time to Close Deal by Pipeline 2.190,879 Start tracking this metric
  • About
  • Tech details
  • Notes
What is "Average Time to Close Deal by Pipeline"?
The Average Time to Close Deal by Pipeline metric in HubspotCRM measures the average amount of time it takes for deals to move through each stage of a sales pipeline before they are successfully closed. It helps businesses identify bottlenecks and areas for improvement in their sales process, and adapts their strategy accordingly to increase efficiency and revenue growth.
Example: Example: "Our sales team used the Average Time to Close Deal by Pipeline metric to identify which pipeline stage was taking the longest to close deals, and implemented targeted training for reps to improve performance."

Visualizations

  • Databox visualization

    Bar and Line Chart

    Used to show comparisons between values.

How to track Average Time to Close Deal by Pipeline in Databox?

Databox is a business analytics software that allows you to track and visualize your most important metrics from any data source in one centralized platform.

To track Average Time to Close Deal by Pipeline using Databox, follow these steps:

  1. 1
    Connect HubSpot CRM that contains the metric you want to track
  2. 2
    Select the metric you want to track from the list of available metrics
  3. 3
    Drag and drop the selected metric onto your dashboard
  4. 4
    Watch your dashboard populate in seconds
  5. 5
    Put Average Time to Close Deal by Pipeline on the Performance screen
  6. 6
    Get Average Time to Close Deal by Pipeline performance daily with Scorecards or as a weekly digest
  7. 7
    Set Goals to track and improve performance of Average Time to Close Deal by Pipeline
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HubSpot CRM integration with Databox Track Average Time to Close Deal by Pipeline from HubSpot CRM in Databox GET STARTED

Basics

  • Description
    The Average Time to Close Deal by Pipeline metric measures the average time it takes to close a deal in each stage of the sales pipeline, providing insights into the overall sales cycle.
  • Category
    Sales
  • Subcategory
    Deal time
  • Date Added
    2016-08-10
  • Default Format
    Duration
  • Cumulative Support
    No
  • Units
    No
  • Granularities
    daily, weekly, monthly, quarterly, yearly
  • Favorable Trend
    decreasing
  • Historical Data
    Yes
  • Changing historical data
    Yes
  • Forecast Support
    Yes
  • Benchmark Support
    No
  • Media Support
    No
  • Dimension
    Yes
  • Metric Type
    general Learn more
  • API Endpoint
    https://api.hubapi.com/crm/v3/objects/deals/search

  • How is Average Time to Close Deal calculated?

    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.

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