Every business uses a sales funnel.
A sales funnel is the predetermined journey people are taken through before becoming your customer. It can also be referred to as a sales tunnel or sales pipeline.
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HOW TO CREATE A WINNING SALES FUNNEL [INFOGRAPHIC]
1. stuartjdavidson.com http://stuartjdavidson.com/sales-funnel-infographic/
How To Create A Winning Sales Funnel [Infographic]
Every business uses a sales funnel.
A sales funnel is the predetermined journey people are taken through before becoming your customer. It can also be
referred to as a sales tunnel or sales pipeline.
A sales funnel aims to create effective, measurable and scalable strategies through each major stage in the buying
cycle. This enables businesses to create a focused series of events that all point towards the primary objective of sales
conversion.
It also allows businesses to ‘sell right’ – a modern twist on traditional sales and marketing practices – by building
positive brand awareness and reputation, before qualifying leads.
Prior to social media marketing and the current wave of marketing advancements, lead generation and sales practices
heavily involved advertising and interruption marketing.
Now, the rising popularity of inbound and content marketing disciplines are what work. Being found when needed with
useful solutions immediately positions companies at the forefront of preference.
This very different kettle of fish from traditional methods and has almost taken the marketing world by storm, for all the
right reasons too.
Primarily – it just works…
But also due to a whole host of attractive benefits, including: positioning, branding, scope, speed, service, scale, reach
and experience.
The Importance Of Your Sales Funnel
If you are a successful business owner and haven’t heard of the term “sales funnel”, then chances are you do indeed
have one in place, but perhaps by accident.
2. Common sense and an understanding of your business and customers probably allowed you to craft a imaginary sales
funnel that you instinctively lead prospects down towards becoming customers.
Learning about how to create a robust, high-performing sales funnel will pay dividends for any business. Think about it
this way – if you’re not clear on how you currently convert traffic to leads to sales, then you can be sure that there are
holes to fill that leads regularly drop through.
If you have an existing sales funnel, then you should always be looking to refine and improve upon it’s capabilities.
I consider a sales funnel as a separate set of marketing metrics – some of the most important metrics in fact – that
indicate the bottom line performance of lead generation strategies.
And by improving the processes to which your business makes money, it is almost impossible not to see a more
profitable bottom line.
Is A Winning Sales Funnel So Important That My Business Would Fail Without One?
The short answer – more than likely.
Without any form of sales funnel, a business would rely on people navigating straight to their website and making a
one-off impulse purchase.
What typically happens with a poor sales funnel is that some leads are generated and some trickle through to become
one-time customers.
The longer answer to this question is – it depends, on many things…
Initially, your business offering is what hinges on your success. If you’re lucky enough to invent (and patent) something
that everyone needs and there is no competition, then the money will likely roll in, in one way or another.
The better way of thinking about it is that without a winning sales funnel, you will be leaving money on the table, in
some shape or form.
If the volume of leads is satisfactory, the cost of lead generation (marketing budget) is viable and the sales conversion
process works to the extent in which customers are realised and a reasonable profit is turned, then your business will
likely be happy.
But what would you say if you can improve this process by 10%? By 50%? What about by 500%? Creating a winning
sales funnel can do just this.
When a very effective sales funnel is created and combined with very effective marketing campaigns, your customers
win. Your business wins. Your wallet wins.
Before discussing the components of a winning sales funnel, here is an infographic by 9clouds that provides an
overview of what a typical sales funnel looks like.
Sales Funnel Infographic
3.
4. Infographic courtesy of 9clouds
Sales Funnel Components
It’s important to remember that your sales funnel should be tailored to your own business and it’s capabilities. It’s not
wise to think a sales funnel comes in ‘one size fits all‘.
The following sales funnel components are examples of those typically found in businesses who operate mainly online.
Awareness
Attracting targeted attention to those who are interested in your business services or products. Many practices are
present here, including all marketing disciplines, PR and branding.
Lead Conversion
Lead generation materials such as lead magnets (high-value free gifts or offerings) and landing pages should be used
to capture attention efficiently, while customer service alleviates buyer concerns and develops relationships. The
design of all points of contact should be taken into account and focused on this first stage of converting attention into
leads.
Nurturing
It’s normal that people don’t buy after the first point of contact – credibility needs to be built first. Email automation
should be used to build authority and provide additional value to leads, while social media management can develop
relationships and nurture prospects in public spaces.
Sales
Only when leads are qualified enough to react accordingly to your business offering should it be presented directly to
them. The point of transaction and purchasing phase should always transmit security and comfort.
After-Sales
Never stop once a customer makes a purchase – creating repeat business opportunities costs 6-7 times less than
acquiring a new customer.
Use compelling customer service to ensure your business offering is experienced positively by the customer, while
undertaking any up-selling or cross-selling opportunities that should arise. Customers who bought a product or service
once and who found it valuable are most likely to buy again from you. Create customer loyalty.
Also use this time to gather testimonials to use in further marketing efforts and offer any incentives for customer
referrals and word-of-mouth marketing – some of the best types of marketing that exists.
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