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Get An Estimate Of How Much Your Missed Calls Are Costing You
Enter the average lifetime value of a customer
Enter an estimate of how many calls you miss per month
Enter the rate at which you close new sales
Hit Calculate and we'll show you how much money we can make you!
The Cost of Unanswered Business Calls:
A Comprehensive Guide
In today's fast-paced business world, every missed opportunity can have a significant impact on your bottom line. One often overlooked factor that can cost businesses dearly is missed calls. According to a recent study, 71% of people who call a business and don't get an answer will simply go to a competitor. This means that for every call you miss, you're potentially losing a valuable lead or even a sale.
The Business Calls Calculator: Quantifying the Cost of Missed Calls
To help businesses understand the true cost of missed calls, we've developed the Business Calls Calculator. This simple yet powerful tool allows you to estimate the potential revenue loss you may be incurring due to unanswered calls. By factoring in your average call volume, conversion rate, and average sale value, the Business Calls Calculator can provide you with a clear picture of the financial impact of missed calls.
How Does the Business Calls Calculator Work?
The Business Calls Calculator is based on the following formula:
Potential Revenue Loss = (Average Client Value * Missed Calls per Month * Average Close Rate %)
Here's a breakdown of each variable:
Average Client Value: This represents the average lifetime value of a customer
Missed Calls per Month: This represents an estimate of how many calls your business misses per month
Average Close Rate %: This represents what your average close rate is
Putting It All Together:
Let's say your business misses an average of 50 calls per month, your average close rate is 10%, and your average client value is $100. Using the Business Calls Calculator, we can estimate your potential revenue loss due to missed calls as follows:
Potential Revenue Loss = (50 Unanswered Calls * 0.10 Average Close Rate * Average Client Value) = $2500
This means you could be losing up to $2500 per month due to unanswered calls. Over a year that adds up to a staggering $30,000!
The Missed-Call Text-Back Calculator: A Solution to the Missed Call Problem
For businesses that are struggling with missed calls, the Missed-Call Text-Back Calculator can be a valuable tool. This tool allows you to estimate the potential revenue increase you could generate by implementing a missed call text-back solution.
Missed call text-back is a service that automatically sends a text message to anyone who misses your call. The text message can be customized to say anything you want, but it should typically include your business name, your contact information, and a message letting the caller know that you're still interested in helping them.
By implementing a missed call text-back solution, you can ensure that you never miss a potential customer again. The Missed-Call Text-Back Calculator can help you estimate the potential revenue increase you could generate by using this service.
Sales Calculation Tool: Measuring the Impact of Missed Calls on Sales
The Missed-Call Text-Back Sales Calculation Tool is another valuable resource for businesses that want to understand the impact of missed calls on their sales. This tool allows you to track your sales data over time and identify any trends that may be related to missed calls.
By using the Missed-Call Text-Back Sales Calculation Tool, you can identify if your missed call rate is correlated with a decline in sales. If so, this can indicate that missed calls are a significant factor in your sales performance.
In today's competitive business landscape, it's more important than ever to make sure you're answering every call. Missed calls can cost you valuable leads, sales, and even customers. By using the Business Calls Calculator, Missed-Call Text-Back Calculator, and Sales Calculation Tool, you can identify and address the issue of missed calls and ensure that you're maximizing your business potential.
Don't let missed calls cost you money. Contact us today for a free consultation or use our Sales Calculation Tool to get started.
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