Fixing the fractured funnel
Several organizations make the mistake of trying to sell to top of the funnel prospects without putting them through a nurture journey. I wanted to talk about a couple of incidents I personally faced.
I understand that I'm talking about B2C here, where the sales cycles are supposedly shorter and less complex. But let me offer you a couple of counter-points:
Let's get started.
Hey Varun, buy this phone NOW!
So I've always been into data and AI. I wanted to know more about which models of a particular phone brand had AI features, and which ones didn't. So let's say that in this case, I'm at the middle of the funnel now.
I went to their website and had a live chat with an agent. A prerequisite to start chatting was to give your phone number.
So once I started chatting, the agent at the other end pulled some generic responses and dumped them in the chat box (Not a personalized kind of response, just a copy/paste job). According to them, the most expensive variant of the phone would have all the AI features, so that would be my best bet.
What happened next is what baffled me the most. A question they asked me on these lines.
When can I expect your purchase? We have a time-sensitive offer running on our website. The best time to buy would be now.
Oh, sorry, I didn't know I was expected to shell out what would be my monthly take-home salary at the drop of a hat just because there was a "time-sensitive offer" going on.
But what was worse, for the next two days, I had to block about 20+ calls from the company asking me when I would make my purchase. It was like meting out punishment to a prospect for just asking a few simple questions on AI features.
Right. So what could've been better?
The next case is also, unfortunately, about jumping the gun and getting on a call.
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Hey Varun, join this course NOW!
I recently filled my details and downloaded a course brochure from an upskilling platform.
Within an hour (Even before I could even go through the curriculum, fee structure etc.) I got a call from the institution with someone trying to sell me the course at a discount ("scholarship") if I register for it on the same day.
Why will I be willing to spend a truckload of money on something that I:
What could’ve been different? Rather than calling me and pushing REGISTER NOW, the education provider could have put me on a nurture journey.?
Email 1: Thanks for downloading the brochure. Here are a couple of ebooks on <Some concept that will be covered in the course>.
Email 2: Hope you found those ebooks useful. Here’s a video where people who took this course talk about what they took away from it. Or, here are the jobs people are doing after completing this course.
Personally, I'd love to know what % of people who took this course found a new role within six months of completing the course.
Email 3: Ready to talk to us? The next batch starts on so and so date. First 10 registrants get an early bird discount. CTA could be: talk to us now/or join our upcoming webinar.
These are just two fractured funnel experiences I've highlighted, but I'm often amazed at the quality of funnel-building that modern companies offer. For instance, a toy company from where I buy for my toddler has amazing marketing programs: They do the perfect email nurtures, events, and more that make their brand conducive to more purchases.
Do share your own experiences too!
Building AI for Water
9 个月Maybe you can do "Conversations with my Daughter on Fixing Churn in SaaS". I'm happy to support your journey as a LinkedInfluencer