What is a sales funnel? are they important to small businesses?

Sales Funnel

The Sales Funnel is a concept that relates to how prospects “fall away” as they take steps closer to becoming a customer.

That is why it is referred to as a funnel. At the top of the funnel are people who have some form of interest in your product or service. At the bottom are people who buy.

At each step in the funnel, there are fewer and fewer people.

To illustrate the point, let us assume an example.

You sell Inbound Marketing education.

There are four steps in the sales funnel:

  1. People express an interest
  2. To learn more they watch an Intro video
  3. To learn even more they download and read an eBook
  4. They are then send regular email messages
  5. The ones who are ready to move forward buy

Of the people who express an initial interest, a subset of them watch the Intro video. Of the ones who watch the Intro video, a subset of them download and read the eBook.

You get the idea.

There is a common “model” of a Sales Funnel called AIDA.

The letters stand for:

  • A: Awareness
  • I: Interest
  • D: Desire
  • A: Action

What is Most Critical About Sales Funnels

When we buy stuff, we go through a decision process. For small purchases (for example: a ream of paper for your printer) the decision process is short.

For larger purchases (for example: a car) the decision process is much longer, more involved, and contains many more steps.

When you understand the decision process people go through in the course of becoming your customer, you simple flip it over or turn it upside down, and THAT is your Sales Funnel

Download the eBook: The 7 Fundamentals of Being Found Online

 

Related Posts

SEO (Search Engine Optimization) SEO stands for Search Engine Optimization.In common usage the phrase seems to have different meanings to different people.There are two defini...
Customer Journey The customer journey is the steps taken and decisions made by a prospect in the course of deciding to buy whatever it is that you sell.The main pu...
Brand Publishing Brand Publishing Brand publishing describes how businesses (brands) directly publish content for their customers, their prospects, and to the world a...
Inbound Marketing Inbound Marketing is the process of attracting your audience to your website through a structured and methodical system of publishing useful and inter...
Landing page A landing page is a page on a website that encourages the website visitor to take a specific action, which either results in them: 1) leaving some con...

Leave A Response

* Denotes Required Field