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What is a marketing funnel and why should you care- Quick Tips to Create successful Marketing Funnel.

What is a marketing funnel and why should you care- Quick Tips to Create successful Marketing Funnel.

what is a marketing funnel and why should you care.

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What is a marketing funnel and why should you care

The marketing funnel reveals the critical milestones in a consumer’s journey to become a long-term, devoted customer. 

Clients’ buying processes may be broken down into these essential stages, which allows businesses to adjust marketing and sales techniques to each stage, enhancing the potential to move customers from one stage to the next.

As the name implies, the concept of a funnel refers to the idea of casting a wide marketing nett at the beginning of the funnel in order to reach the most number of individuals feasible. 

As your marketing efforts narrow in on the consumers who are most likely to make a purchase, the number of persons in this pool decreases.

With a large audience at the top, a funnel represents this concept, narrowing down to a smaller group at the bottom, who will eventually become your clients.

Traditional marketing and sales funnels come to an end at the conversion point, which is the point at which a customer makes a purchase. As a result, marketing funnels are often referred to as buy funnels in some circles.

Marketing funnels in the modern day are more thorough. They go even further and include factors such as client loyalty and advocacy as well as other retention considerations. 

With the addition of these stages beyond the purchase stage, your funnel can more properly reflect the customer life cycle, thereby enhancing your sales growth and increasing customer satisfaction.

A marketing funnel is a must-have when it comes to running any business. A complex process of converting a browser into a paying customer, or even into a loyal and returning customer, can be visualised for a better understanding of consumer’s needs. 

So,What is a marketing funnel?

 

The journey of your client with you is represented by a marketing funnel. Marketing funnels map routes to conversion and beyond, from the initial stages when someone learns about your business, to the purchasing point. 

A marketing funnel helps you to know what your business wants to do through careful research to impact customers at certain times. You will theoretically generate higher sales, more loyalty, and greater brand recognition by analysing the funnels.

The marketing funnel can be defined as a system that helps you track the stages of decision-making a customer goes through when making a purchase.

Understanding Marketing Funnels

 

A marketing funnel is a visual representation of the steps to turn a website visitor into a customer. Each of your competitors has a marketing funnel even if they do not know they have one. 

This is where you have the opportunity to grab market share. Because you are reading this blog post. You are now going to learn the value of mapping your customer journey through the funnel. At a high-level marketing funnels have the top, middle, and bottom.

The top of the funnel are people who are new to your brand. They have no idea who you and may never come back to your site. This is where the power of ad retargeting is so vital to so many businesses.

The middle of the funnel are people who have opted in to receiving communications from you. You may have offered them a lead magnet in exchange for their email address.

The bottom of the funnel is where you convert your leads into customers. Each step in the funnel has a correlated tactic to nudge people down your sales funnel.

 We outline the marketing funnel in five steps below.It’s easy to remember the four sales funnel stages by the acronym AIDA: Awareness, Interest, Decision, and Action. These four stages represent your prospective customer’s mindset.

1. Awareness

You simply must get your marketing funnel -right – the method of turning a visitor into a paying client, if you want to get your company sales process going as effectively as possible. The first stage of the marketing funnel is awareness. 

This is an important step in the process. This is where you make your first impression to website visitors Strategies for the branded content draw and make viewers open to potential experiences.

This is the time at which you first catch a consumer’s attention. It might be a tweet, a Facebook post shared by a friend, a Google search, or something else entirely.Your prospect becomes aware of your business and what you offer.

This is the first time you are attracting the attention of a customer. This may be a tweet, a Facebook post that a friend posts, a quest for Google, or something else. 

Many times customers do purchase instantly when the chemistry is correct. 

The situation is right, right time. The customer has researched and understands that something desirable and fair is offered. More often than not, the stage of understanding is more a “dating” process. You try to take the prospect of returning to your site and becoming more involved in your business.

Pro Tip: How do you Create Awareness:

 
 
Google – You can trust that when your future customers have a need for something, whether it’s web design, a new haircut, SaaS, or a kitchen appliance, they’ll go to Google to discover it. 
 
Google is responsible for almost 90% of all online searches, with 3.5 billion searches made every day. If you don’t have a website, these figures should convince you that it’s time to have one.
 
Blogging – Creating useful information for your prospects is a great method to raise their awareness. Customers can identify you as a leading resource on the issue when they conduct an internet search for a problem that needs to be solved. 
Original blog posts, regardless of industry, provide them with knowledge and demonstrate that you can solve their problems.
 
Search engine optimisation (SEO) should be a priority in your website copy and blogging (SEO). SEO strategies will help you rank higher in Google searches and offer you with the organic growth you desire. Regular blogging increases SEO since the more words you have, the more the search engine can figure out what your site is about and how good the material is. 
 
However, it’s critical that your website offers relevant information for your customers and that it reads naturally – don’t just stuff keywords in there. 
 
Visit our beginner’s SEO blog to learn more about SEO.
Social media – Facebook, Instagram, Twitter, Snapchat, TikTok, LinkedIn – are all social media platforms where you may be noticed and build a following. Depending on the type of business you run, you can use multiple social media networks for your marketing funnel. The best thing about these platforms is that you can use them to interact with your audience.
 
Influencers – You now have a social media presence and need to build brand recognition. What are you going to do? This is where social media influencers enter the picture. Social media influencers already have a significant number of followers that trust them, so why not capitalise on that? An influencer can help you obtain some much-needed attention by representing your brand.
 
Think beyond the box – There are an infinite number of ways to become noticed. Here are some more amazing ways to raise awareness about your company or brand:
Write a blog article as a guest on someone else’s site.
 
Participate in a podcast as a guest.
Create a guest email newsletter.
Attend a conference and make a presentation.
Attend a webinar.
Create an ebook.
 
YouTube is a video sharing website. According to Stats, 96 percent of Americans between the ages of 18 and 24 use YouTube.
 
 It is the third most popular search engine behind Google and Google Images, and it has nearly double the number of searches as Bing and Yahoo combined. 
 
YouTube may even be second only to Google in terms of search volume. Despite this, firms in the United States are unexpectedly underutilizing this platform.
 
Forums – You are the most knowledgeable source on your topic, therefore act accordingly. To establish yourself as a prominent source in your business, make sure to participate in forums such as Reddit, appropriate Facebook groups, or Quora and share your views and knowledge. 
 
These are online communities where people who share common interests or difficulties can talk and ask questions. You can engage in debates and provide suggestions while marketing your brand and raising exposure for your business. But be careful not to spam; these communities frequently have strong rules of conduct that you must follow.
 
 

2. Interest and Evaluation

 

At this level, you start targeting specific prospects, who meet certain criteria. You get your prospect to opt-in to one of your landing pages.

Once customers hit the stage of interest in sales funnel, analysis is carried out, shopping is comparative and choices are weighed. It’s time for unbelievable material to hang around, but not to sell it to them. 

You will turn the prospects off and drive them away if you push your product or service from the beginning. The goal here is to build up your skills, to help the customer decide informedly, and to provide whatever support you can.

3.The Decision Stage

 

When the consumer is willing to pay, the decision stage for the sales funnel is. He or she might think of two or three choices — ideally, you are included.Now is the time to give the best. 

Shipping will be free if the bulk of the competition charges are paid, the discount code or a bonus. 

Anyway, make it so irresistible that your lead can’t wait to benefit from it. If done correctly, this step leads to the final step in the funnel before you achieve the goal of your funnel. 

It will usually entail rewarding potential customers to complete the goal. For instance, you can offer a small percentage discount if they make the purchase on that day.

Pro Tip:

 

It is now your responsibility to persuade your prospects that you are the best option. Keep in mind that you are educating them on their alternatives at this point, not pressuring them into making a purchase.

Continue to produce high-quality material — By continuing to develop and demonstrate your worth, you may demonstrate your worth to others. Suppose you work as an accountant and want to provide articles about how to choose an accountant. 

Again, you are not attempting to sell; rather, you are attempting to add value.

User reviews and ratings – It is acceptable to boast about how excellent your customer reviews are by displaying them on your website. 

Customer testimonials should be prominently displayed so that there is no doubt that your products or services are appreciated by your clients.

Create a nurturing environment – A nurturing system is a sequence of emails that are sent to your prospects in order to gently guide them towards becoming clients. 

Once again, these emails are not intended to encourage purchases, but rather to provide value. 

When selling bags  for example, these emails might contain an announcement of a new feature or a new design, a breakdown of the distinctions between  everyday bag or a work bag , or a solution to a frequently asked issue. If it is appropriate for the company’s niche, you can also give things like a gratis consultation as part of a nurture system.

4. Action/sales

 

The consumer works on the very step of the sales funnel. It buys your product or service and becomes part of the ecosystem of your company. However, it does not mean that the job is finished only as a customer hits the bottom of the funnel. 

The customer and the marketer are taking steps.

In other words, you concentrate on keeping clients. Express thanks for the order, invite your customer to receive reviews, and if necessary make themselves available for technical support.

Loyalty: This step can also be called customer retention. This is where you invite customers to subscribe to your blog or site in order to receive the latest deals first. 

Advocacy:After the customers have made the purchase, that should not be the end of the conversion. You will now have an opportunity to use these people as advocates of your brand. 

Besides that, you can use them for repeat business, which means you will not have to spend as much money on future marketing campaigns to net customers.

Imagine that you own a Dentist speciality Clinic , specialised in “Teeth whitening”. You know that your target audience hangs out on Facebook and Instagram a lot and that your target customers are males and females between 20 and 50 years of age.

You run a fantastic Facebook Ad that drives traffic to your website landing page. On the page, you ask your prospect to sign up for your email list in exchange for a lead magnet. Pretty easy, right?

Now you have leads instead of prospects. They’re moving through the funnel.

Over the next few weeks, you send out content to educate your subscribers about How to get Beautiful Teeth set , to share the process, and to help consumers figure out how to maintain Clean and Beautiful smile

At the end of your email , you offer a 10 percent coupon off each customer’s entire first order. Bang! You’re selling your services Everyone wants your services.

Next, you add those same customers to a new email list. You start the process over again, but with different content. 

Give them ideas for “Veneers”, advise them about how to care for their Veneers, and suggest  How to get them easily at your Clinic . So, Now You’re asking them to come back for more.

When it comes to demonstrating the value of your company, you’ve done everything in your ability to ensure that your prospects are ready to commit to your offer. 

This is the point at which they require that extra nudge to click on the buy button and become paying clients. Depending on your industry, there are a range of approaches you might use.

Some firms, particularly SaaS companies, will provide a free or heavily discounted seven- to ten-day trial period with no obligation to purchase after the trial period has ended. 

This provides your clients with an opportunity to examine your features and determine whether or not the service you are providing is worth their money.

First-time buyers may be eligible for discounts or promo codes, which you can provide. When it comes to eCommerce stores, this is extremely useful.

– There is a sense of urgency. Giving prospects advance notice of the imminent expiration of a highly sought-after product or the availability of limited space in a programme you’re giving may encourage them to purchase the goods or participate in the programme.

Take steps to ensure that your checkout process runs smoothly as feasible. Checkouts that are difficult to use can turn people away and reduce sales.

There you go with the full Marketing funnel:

    • Awareness: You created a Facebook ad/any social media  to funnel people to your website.
    • Interest/Leads: You offer something of value in exchange for lead capture.
    • Decision/Prospects: Your content informs your audience and prepares them for a purchase.
    • Action/sales: You offer a coupon your leads can’t resist, then begin marketing to them again to boost retention.
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