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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.
With Databox you can track all your metrics from various data sources in one place.
- About
- Technical 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
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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:
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1Connect HubSpot CRM that contains the metric you want to track
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2Select the metric you want to track from the list of available metrics
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3Drag and drop the selected metric onto your dashboard
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4Watch your dashboard populate in seconds
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5Put Average Time to Close Deal by Pipeline on the Performance screen
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6Get Average Time to Close Deal by Pipeline performance daily with Scorecards or as a weekly digest
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7Set Goals to track and improve performance of Average Time to Close Deal by Pipeline
GoalsSet Goals to track and improve your performance
ScorecardsGet your daily progress every morning with Scorecards
Metric DigestReceive detailed weekly performance updates
Metric BuilderBuilt your own custom metrics with Metric Builder
Data CalculationsSet Goals to track and improve your performance
Performance ScreenGet instant insights into your top-performing metrics
General
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DescriptionThe 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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CategorySales
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SubcategoryDeal time
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Date Added2016-08-10
Specification
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Metric Typegeneral
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DimensionalYes
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Decimal DigitsNo
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Currency UnitsNo
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GranularitiesDaily, weekly, monthly, quarterly and yearly.
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Custom Relative PeriodsYes
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Data AvailabilityAt sync, it ranges from last day of 3 years ago 00:00 PST to first day of 3 years 00:00 PST.
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Retroactive Data UpdatesExisting data is purged in favor of the most recent synced data.
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Future Data AvailableYes
Visualization
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Default FormatDuration
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Cumulative GraphNo
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Favorable Trenddecreasing
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Media CreativesNo
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ForecastsYes
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BenchmarksNo
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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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