No matter how well you understand your company’s sales activity, it never hurts to get a second opinion. Sales analysis graphics used by BoVegas can give you an overview of how your business is doing as well as help you identify areas that need improvement. At their most basic level, sales analysis reports show how many items were sold in a given time period and at what price point. However, if you want more detailed information — such as the mix of products purchased or what types of customers are buying — then you might need to dig deeper with another type of report.
In this article, we’ll outline some common types of sales analysis reports so that you can choose which ones work best for your business needs. These types of reports are especially helpful if you’re struggling with questions like “Why aren’t we selling more? Where should I invest my money next month? What kinds of changes need to be made?
Sales activity report
- Sales Activity Report: A report that lists each sale by date, time and deposit number. This type of report provides a summary of all the sales that have occurred in BoVegas Casino.
- There are several types of sales data you can create using the template. For instance, if you want to keep an eye on the amount of deposits placed during a certain period (based on date range), then use the template to document each sale’s date and time along with its ID number in an easy-to-read format for easy reference later on down the line when needed!
Hourly sales report
The hourly sales report is a report that shows the sales activity for each hour of the day at BoVegas. The hourly sales report shows the total sales for each hour, as well as:
- Number of deposits placed during that time period
- Average deposit size (total revenue divided by number of deposits)
Sales conversion rates
Conversion rates are the percentage of people who take a desired action after being exposed to a marketing message. Examples of desired actions include downloading or purchasing a product, like BoVegas Casino application, or service. For example, if you’re providing access to casino games and you want someone to play them, your conversion rate is the number of people who make the purchase into the slot machine or any other entertainment divided by how many times they click on your ad.
In the online gambling industry, your conversion rate depends on two major factors:
- The type of ad or message you use (social media post, email campaign, etc.)
- Where your audience lives (city/state/country)
Daily sales report
The daily sales report is the most basic type of sales analysis report. It includes a list of all games played, players’ deposit sums and quantities. You may also see information about the date, time and location where each game or bonus was used.
A daily report can help you understand how BoVegas business is doing on a day-to-day basis. You may discover that certain items sell better at certain times of year or in certain departments or locations within your platform. This information can help you create more effective strategies for future promotions and tournaments in different countries.
Weekly sales report
A weekly sales report is a type of sales analysis report that summarizes the total revenue generated over a period of time. The period can be a week, month or year. This type of report is useful for analyzing long-term trends in revenue and comparing different periods with one another. It also allows you to highlight important events that happened during the analyzed period and how they affected your business’s bottom line.
Monthly sales report
The monthly sales report is a summary of the month’s sales activity. It’s an easy way to see how your team is doing and compare it to previous months, as well as other metrics like average order value and total number of orders/deposits.
Use this report to:
- See how your team is doing compared to last month (and last year). If you see that they’re selling fewer products than usual, or if they’re getting fewer repeat customers, it could mean they aren’t effectively targeting their audience or creating compelling content that draws people in. You might want to consider restructuring your processes so that they’re more effective at what they do — or hire someone else who can take over some aspects of their responsibilities!
- Look at where you’ve been successful so far this year — then try out new strategies for reaching even more customers next time around!
Quarterly sales report
Quarterly sales reports are a good way to see how your business is doing. For example, if you want to know whether or not you have sold more than your competitors, quarterly reports will give you the answer. Quarterly reports are also more detailed than annual reports and monthly ones. That’s because they have a shorter time frame than annual reports: they show what happened during one quarter (three months). This means that the information in them is more up-to-date, so it’s easier for managers to make decisions based on it.
Annual sales report
The annual sales report compares the current year’s sales to the previous year’s sales. It helps you understand if you are meeting your goals, improving and it also gives you an idea on how to change your approach. If a business has not achieved its set goals or has seen a significant decrease in revenue from the previous year, it may be that there are issues with their marketing strategy or products/services offered. This can be addressed by changing their target market or improving on their products/services and adding additional features so as to make them more appealing for customers.
A good way for managers and directors to view this information is through graphs that show changes in revenue over time such as line graphs. This will allow them to easily see how changes in sales affect revenues over different periods of time
Product mix analysis
Product mix analysis is a report that shows you how much of each game or bonus has been used. Use this information to see which products are selling well and which are not, and also use it to see if you are selling the right products.
New vs. repeat customers analysis
When it comes to analyzing your sales data, you must look at the numbers in two different ways: by customer and by product. The first thing you will want to do is group all of your customers into two categories: new and repeat. A new customer is someone who has never purchased from you before, while a repeat customer has already made one or more purchases from your company. As a casino, your goal should be to get as many new players as possible because they are more likely than repeat buyers to buy again (and also because they’re less likely than repeat buyers to leave bad reviews that could damage your brand). New players are also more likely than repeat ones to refer to other potential players – so focus on getting those referrals!
Bottom line
The sales analysis reports are a great way to gain valuable insight into your business. They can help you understand how your team is performing and give you information about things like sales conversions or product mix.