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#752 The 1 Million Dollar Question

Tropical MBA: Entrepreneurship & Founder Lifestyle

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Financial Algorithm for Outbound Sales Success

Success in outbound sales is determined by calculating the lifetime value, cost per meeting, and cost per sale. The number of meetings needed to close a deal varies depending on the industry and individual performance. Additionally, having a broad target market is crucial in outbound sales to ensure a sufficient number of potential customers to contact. Balancing professionalism and persistence in outreach efforts is essential to avoid alienating potential clients. Unlike inbound sales, the close rate for outbound sales is typically lower, emphasizing the importance of a compelling front-end offer to secure deals successfully.

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