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Can any one provide me a excel sheet or any other freeware details wherein I can manage the complete sales cycle. It should allow me to add prospect details, each follow up status, and other useful information related to sales.

From India ,
You can consider to go with CRM software as that could help you to manage and followup your sales as well as customers.
Check this one Maple CRM www(dot)maplecrm(dot)com which is a web based crm software product.

From India , Bangalore
Have a check on various cloud solution softwares offered by . May be this would help you.
From India , Bangalore
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