Sales Life Cycle at Life

Sales Life Cycle. The product life cycle stages are 4 clearly defined phases, each with its own characteristics that mean different things for business that are trying to manage the life cycle of their particular products. The less time your leads spend in the sales funnel, the higher the roi for your company.

3) when an opportunity is closed it is either closed as won or closed as lost. Simply put, it’s a potential client’s journey from recognizing they need a product to making a purchase. A sales process is a set of repeatable steps that a sales person takes to take a prospective buyer from the early stage of awareness to a closed sale.

Wheel of life (wheel of Samsara) showing rooster, snake

You might also notice places where large amounts of effort are going to waste. A product life cycle (plc) is the course that a product’s sales and profits take over its lifetime. In a typical sales cycle the stages are: Stages include introduction, growth, maturity and decline and are explained in detail here.