{"id":63309,"date":"2021-05-10T17:57:47","date_gmt":"2021-05-10T17:57:47","guid":{"rendered":"https:\/\/staging-mondaycomblog.kinsta.cloud\/?post_type=pm&p=63309"},"modified":"2023-11-13T13:24:04","modified_gmt":"2023-11-13T13:24:04","slug":"sales-growth","status":"publish","type":"post","link":"https:\/\/monday.com\/blog\/crm-and-sales\/sales-growth\/","title":{"rendered":"How to accelerate your business sales growth"},"content":{"rendered":"

Are you desperately trying to drive sales growth in your company?<\/p>\n

Does it sometimes feel like a never-ending battle?<\/p>\n

Well, sometimes, it kind of is.<\/p>\n

And without a well-thought-out plan for lifting sales growth by implementing modern strategies and forward-thinking software solutions, you can quickly find yourself destined for burnout.<\/p>\n

If you\u2019re determined to avoid this fate, then read on.<\/p>\n

In this article, we\u2019re going to discuss 7 sales growth hacks with a strong focus on how to leverage modern software platforms to get you from A to B.<\/p>\n

What is sales growth?<\/h2>\n

Sales growth is a metric used by sales managers and business owners to track and measure how your sales team can increase revenue over a given period of time.<\/p><\/blockquote>\n

It\u2019s a reasonably straightforward metric to calculate, as it is simply the percentage of growth of net sales from one fiscal period to the next.<\/p>\n

The formula looks like this:<\/p>\n

G = (S2 \u2013 S1)\/S1 x 100<\/p>\n

For example, if your company generated $2m in net sales in 2019 (S1), and $3m in 2020 (S2), your sales growth rate is 50%:<\/p>\n

(3m – 2m)\/2m x 100 = 50<\/p>\n

Pretty simple, right? But why should you care about sales growth?<\/p>\n

Why is sales growth important?<\/h3>\n

Growing your sales revenue has a number of important benefits. Most notably, increased sales growth means increased profits for the company.<\/p>\n

This has numerous onflow benefits for different stakeholders:<\/p>\n