A business has two types of activities – non-revenue-generating tasks and revenue-generating tasks. Revenue generation indicates the latter, specifically, activities that help create income and profitability.
Revenue generation also includes operating plans, strategies, and practices that are designed for increasing revenue. This means every part of an organization can contribute to the revenue generation process.
A company can have different revenue streams, depending on the industry, type of business, products, target audience, and more. As they grow and scale, they can also add new revenue sources.
Your revenue generation process should start with understanding what you want to achieve, what you’re selling your product or service to, and what actually helps generate revenue. By doing this, you can come up with activities that will help you achieve your target.
While everyone in your company plays a vital role in creating revenue, it is crucial to determine who will be directly responsible for this goal. Typically, sales, marketing, and business development are three main functional areas that generate revenue for companies.
Your sales team handles converting leads to clients and maintaining relationships with them going forward. Your marketing team takes charge of building brand awareness, developing go-to-market strategies, analysing activities, and more.
Apart from these areas, customer service becomes increasingly crucial in revenue generation strategies. The reason is that customer service is a major contributor to customer satisfaction across channels, from phone and email to social media. When you focus on improving customer service, you can make your customers happy and strengthen their trust in doing business with you.
Analysing revenue data will give you insights into sales performance, sales opportunities and risks to inform your day-to-day decision-making. That said, to turn those insights into actionable strategies, you need to adopt technology, specifically, a revenue generation tool like Revenue Grid.
For example, Revenue Grid allows you to combine digital coaching with guided selling to improve your sales operations. This strategy-tool pair helps you identify patterns that drive wins and losses and provides contextual guidance on what you should do to capitalize on the trends.
This template will be useful for company leaders in preparing the strategic development of the company and preparing a plan to increase the profitability of the company. For example, you can use the slides in this template when preparing a plan to improve customer service and thereby increase customer loyalty to your company.
Marketers and sales managers can use this template when preparing a marketing strategy for a new product. You can also use this template when explaining how your sales funnel works. Startup executives can use this template when preparing for a meeting with investors.
Revenue Generation is a professional and modern template that contains six stylish and fully editable slides. You can change the type and size of the font, color and position of the infographic yourself. This template will be useful for company executives, marketers, sales managers, startup leaders. Revenue Generation template will complement your old presentations and will be a worthy addition to your collection of professional presentations.