Your annual bonus is calculated as 15% of the new revenue you produced each year. you want to buy a house by year end and set a goal to receive a bonus of 40,000 for the down payment and closing costs. in setting your goal for the year, you want to know what your key activities should be. you have been collecting some data regarding your conversation rates. your average sale is $500. Approximately 3 out of every 5 prospects you meet with twice will buy from you. Approximately 4 out of every 5 prospects you meet with once will agree to a second meeting. on the phone 3 out of every 10 prospecting calls will agree to meet with you a first time. your internet lead screening process is still unproven and you have calculated that for internet inquires (leads) you receive, half will answer the phone and talk with you. 

How many total internet leads do you need to make the bonus you want to make?

Answer rating: 100% (QA)

To calculate the total number of internet leads needed to make the bonus of 40000 we need to work ba... View the full answer