Measure each step of a four-stage customer funnel and identify the transition losing the largest share of people.
Each stage rate divides the later count by the count immediately before it, while overall conversion divides customers by visitors. Drop-off is 100% minus the corresponding stage rate, and the largest of the three losses is named after rounding results to two decimal places.
Visitors: 1000 Leads: 300 Qualified leads: 90 Customers: 10
Visitor to lead percent: 30 Lead to qualified percent: 30 Qualified to customer percent: 11.11 Overall conversion percent: 1 Biggest drop off stage: Qualified leads to customers
Google Analytics ecommerce funnels, Salesforce lead qualification, and SaaS trial-to-paid reports all compare ordered cohorts whose counts should only decrease.