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Quoting

Win Rate

The short answer

Win rate is the share of the quotes you send that turn into jobs. A very high win rate often signals prices that are too low. It rarely proves you sell well.

What it means

Divide jobs won by quotes sent over the same period. The result is your win rate. Track it on its own. It tells you which of two very different problems you have.

A very high win rate means most people say yes. It usually means your price is lower than the market would bear, since almost anyone accepts a bargain. A very low win rate at a price you believe is fair points elsewhere. Look at the quote document itself, or at how you followed up the job. The number on the page is not the cause.

For example

You sent 20 quotes last quarter and won 16 of them. That is an 80% win rate. It deserves a second look at your prices. A rate that high on real jobs usually means you left money on the table.

The mistake to avoid

Treating a high win rate as pure good news. It is often the clearest sign that your price is too low.

See also

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