Increase Average Deal Size: Get More from Every Transaction
What is Average Deal Size? This metric refers to the average revenue generated from each closed deal.
Why It Matters: By increasing the size of each deal, you generate more revenue without having to close more deals. It’s a great way to maximize the value of each customer interaction.
3 Quick Tips to Increase Deal Size:
1 Bundle products or services: Offer packages that deliver more value and encourage larger purchases.
2 Offer tiered pricing: Introduce premium packages that include additional features or services.
3 Train sales teams: Equip your salespeople with strategies to position higher-value offers to clients.
Example: Many SaaS companies, like HubSpot, offer tiered subscription models, increasing deal size by providing premium packages with extra features.