How To Predict Sales Forecast For Startup Business - 3 Accurate Steps (Ep. #43)

Thanks for watching “How To Predict Sales Forecast For Startup Business - 3 Accurate Steps (Ep. #43)”

In this video, I’m going to share with you the 3 STEPS on how to predict sales forecast for your startup business!

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Fibo Lim has built a following of over half a million entrepreneurs in the Philippines by helping them acquire red-hot prospects in social media, convert them into paying customers using an automated sales process, and generate sales 24/7 predictably & consistently.
He leads a community of sales professionals & entrepreneurs helping them grow their businesses online without chasing prospects, being judged, and experiencing rejection.
Fibo Lim is recognized as one of the most sought-after marketing consultants in the Philippines & a living legend in internet marketing.

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Connect with Fibo Lim on Social Media:

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About:

In this video, I’m going to share with you the 3 STEPS on how to predict sales forecast for your startup business.

[Step 1] Look for Industry Average Conversion Rates
- By having these kinds of data, you’ll be able to estimate the amount of work to be done and the required costs to achieve your target income goal.

[Step 2] Test and Get Actual Data
- It’s time to get actual data. Do your business, spend on advertisements, launch your program, sell your products. And then get your actual conversion rates. Check the difference from the industry average vs. your actual conversion rates. And then adjust accordingly.

[Step 3] Do a Sales Forecast
- Doing a sales forecast based on your current results and your conversion rates, it will help you predict if you can achieve your business goals.

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Make sure you comment on what part had the biggest impact on you. 👇 Enjoy

If you liked this video, check out these other videos!

Funnel Hacking Live - Will I Go Again? Part 2 (Vlog #22)

Sales Forecasting - The Ultimate Guide

Small Business Sales Forecasting

#SalesForecast #StartupBusinessForecasting #FiboLim

[rosalindaluna]

Hello people. I think Fibo Lim only focused on digital ads. He should research more before pabida here in social media. He didnt teach people to calculate na expenses like salary per manpower, rentals, billings and other operational expenses. If you dont consider that, you will project your sales wrong. What Fibo Lim is discussing here is just 1/8 of what is expected to be discussed. Oh you dont need to compare yung conversion rate to others bec you will consider if are you the same size like them? What are you line up? Are the same in terms on positioning in the market?

I can teach you guys better. Just my thought

[nicoleglisar]

How long do you recommend testing? A quarter?

[portiamichellebwanali]

Hi stranger. Just wanted to let you know that Jesus loves you and so do I <3

[TheSystemsConnect]

For one, English can't be mixed with Spanish. So, this video is a no for me.

[alberta-alessandrasabeva]

Hi, do I understand correctly that cost per lead is the same as cost per acquisition?