Startup Marketing and Sales Forecasting

Having the knowledge in how to forecast sales is an important element of any startups journey to success. Sales forecasting can be used as a guide, to be able to predict future revenue based on historical data, market research, and competitive pricing analysis. The information gathered while creating a sales forecast can also help create the marketing strategy. Creative marketing efforts such as writing books, applying for business awards, or issuing press releases can also play an essential role in building brand credibility and driving the sales projected in the developed forecast. When combined together, sales forecasting and creative marketing can be used to improve decision-making, resource implementation, and create long-term competitive advantages.