How do you recommend setting targets for KPIs?
Atlassian Sr. Director: Head of Global Lifecycle Marketing, Teamwork Foundations (Self-serve & High Touch) • 9mo
My experience is setting targets against Marketing Influenced Pipeline. Typically Marketing Influence is 60-70% of pipeline. Pipeline coverage ratio = how much total pipeline you need to hit your revenue goal (3-5:1 means $3-5M pipeline for every $1M revenue target).
Otherwise, for other funnel KPIs, you can work backwards from revenue by using conversion rates: revenue/ average deal size/ close rate/ SQL-to-close rate /MQL-to-SQL rate = MQL