What is Closed-Lost?

A Closed-Lost opportunity is one where you have tried to sell your product or service to a potential customer, but they have decided not to buy from you. This could be for a variety of reasons, such as finding a cheaper alternative elsewhere, or simply because they don't have a need for your product at the current time. Whatever the reason, a Closed-Lost opportunity represents a missed sale.

Sales Development
What are the different types of Closed-Lost Deals?

There are four different types of Closed-Lost Deals:

1. No Longer Needed - The customer no longer has a need for the product or service.

2. Price - The customer found a better price elsewhere.

3. Competitor - The customer chose a competitor's product or service over yours.

4. Lost to Status Quo - The customer decided to stick with the status quo and not make a change.

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We built SalesHive on the premise that modern sales development was flawed, and the companies building outsourced programs were only contributing to that. Our unique approach empowers clients to build industry leading Sales Development programs that deliver real results with the assurance of total transparency, flexible month-to-month contracts, and flat-rate pricing.

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