The process of sales funnelling
A sales funnel is a structured process for moving leads through the sales cycle. It can be used to help companies manage their pipeline, track the effectiveness of their marketing efforts, and more. A sales funnel is a process that takes prospects through each stage of the buying cycle, from awareness to purchase. It’s usually represented as a series of steps or stages, with each step representing one major action that happens during the conversion process. It’s important to note that a sales funnel is not the same as an advertising funnel. The former is a process for moving leads into sales, while the latter refers to a process of moving potential customers from awareness to action. It’s a common business practice, but it can be confusing for those who are new to the concept.
What is a Sales Funnel?
It can be used to help companies manage their pipeline, track the effectiveness of their marketing efforts, and more. The sales funnel is also known as a marketing funnel or conversion funnel. It’s a visual representation of the process that leads people from awareness to action and eventually to purchase. A typical sales funnel looks like this: The sales funnel is a visual representation of the steps that your leads go through on their way to becoming customers. It’s a helpful tool for tracking marketing efforts and measuring success. The funnel can be broken down into 4 basic sections: Awareness, Interest, Desire, and Action. The idea is that your sales funnel starts with a customer at the top, and moves them through each step of the process until they reach their final destination: becoming a paying customer. It’s important to note that not all people who visit your site will make it through every stage of the funnel—some may drop out before getting to the bottom.
A good sales funnel has three main parts:
1. Discovery: This is where you find out who your customers are and what they need. To do this, you'll want to look at how other companies have attracted people to their products or services, how they've built relationships with people in the past, and what kind of things they're interested in.
2. Conversion: This is where you turn your prospects into customers. You'll want to make sure that your sales funnel makes it easy for people who are interested in learning more about your product or service to do so, while also helping them understand why they need it.
3. Retention: This stage involves keeping customers happy after they've purchased something from you—this will help prevent them from leaving and encourage them to come back again in the future.
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4. Qualification: After you've identified the ideal customer, it's time to start qualifying them! You might ask questions like: "Do you have any problems with problem you're solving?" or "What are your goals for goal that your product is helping them achieve?" This helps you figure out if there's a fit between your company and someone who might be interested in what you have to offer.
5. Presentation: Once you've determined there's a good fit between your business model and someone's needs, it's time for them to see what using your product/service will look like! This could be as simple as sending over some examples of work you've done in the past and showing them how easy it is to use your product/service. You could also walk them through a demo or prototype of what they would see if they were using your app/website.
6. Sign Up: Once you've presented your product, it's time for someone to sign up! Make sure you have clear communication about what happens next so that both parties are on the same page about expectations. If you're working with a customer, make sure they’re aware of what happens next. If you have more than one person in your company, make sure both parties are aligned on who is responsible for what steps.
7. Engage: Now that someone has signed up (or purchased), it's time to engage them! This can be anything from sending over an email thanking them for doing business with you, to checking in with them about how things are going and if there are any questions or issues, they need help with.
Conclusion
From awareness to purchase, a sales funnel guides prospects through each stage of the buyer journey. It can be used to manage a company's pipeline, monitor the success of marketing initiatives, and more. Four fundamental divisions of the funnel are Attention, Interest, Desire, and Action. It's time to start qualifying your target customers once you've found them!