SlideShare a Scribd company logo
1 of 7
Section 03
Advantages of the model
Section 02
Company’s modification to the model
Section 01
Industrial use of the model
Section 04
Other Use of the model (i.e revenue generation )
Presented By
Raghabeshwar Ghosh B 28
15020441198
Sales Funnel
Industries Standard
Procedure in B2B Sales
1
Awareness
Phase
Interest
Phase
3
Evaluation
Phase
Purchase
Phase
4
Decision
Phase
6
7
Revaluation
Phase
Repurchase
Phase
2
5
01
02
07
04
Awareness Phase – in which
prospects become aware of the
existence of a solution.
Revaluation Phase – in B2B sales it’s
common for offerings to involve
contracts that need to be renewed.
Decision Phase – In which a
final decision is reached and
negotiation begins.
Interest Phase – in which prospects
demonstrate interest in a product by
conducting product research.
Industries Standard Procedure In B2B Sales
03
05 06
Evaluation Phase – in which
prospects or prospect companies
examine competitors’ solutions
as they inch toward a final
buying decision.
Purchase Phase – in which
goods or services are
purchased.
Repurchase Phase – in
which a customer
repurchases a product or
service.
Prospecting a potential
customer
Identifying the sales
opportunity / project
Initiating the sales talk
proposing solution to the
problems
Product Trial and
approval
First order/ Trial order
Phase 0
Phase 10
Phase 30
Phase 60
Phase 90
Sales procedure and stages
Repeat order/ continuous
sales
Phase 100
Procedure followed by company
Chosen
A new potential customer is identified post which types of applications/projects which can
be generated is identified with past database
1st Meeting is done and the customer si made aware of an existing solution and his
needs are also taken into consideration and approval for trial is taken
Trial reports are submitted and technical data sheet, Application case history
are submitted and then actual trial is done at customer end
Trial results are evaluated, modifications are done if required.
Later commercial negotiations are done and first supply is
confirmed
After the first order is received, regular follow up
is done to get the second order and then
establish a regular flow of sales
Sales Steps
and
methodology
Note *
1. For existing customer step 1st gets
eliminated
2. For existing application at existing
customer 2nd step is eliminated
New Customer New Projects
New Customer New projects
Saves time and follows a systematic pathway
Easy to maintain/store information about projects
The projects can be tracked at different stages as only
25-20 % projects reach last stage. Hence root cause
analysis can be done for failure
Helps to redefine strategies with customers if a project
gets stuck at a certain stage and doesn’t move
Helps forecast sales in near future (i.e. next month, quarter)
by looking at projects in 60,90,100 phase
01
02
03
04
Advantages
What is the sales
funnel?
Also known as the
Revenue funnel or Sales
Process it is a process
that companies follow to
generate customer leads
and provide solutions to
them through products
in B2B sales. This funnel
is divided into various
stages and that helps to
bifurcate the process
into small sub processes.
A few projects don't workout
well and take too much time
and no improvement is seen in
them so its better to drop those
projects under sales forecast
Projects advancing to next
stages on time and showing
positive improvement should
be accepted and sales
forecast can be made upon
those
These projects are going to
generate revenue in short
period hence play a crucial role
in sales forecast
Project
Elimination
Project
Acceptance
Revenue Generation
Projects
Other Use of the Sales Funnel Model

More Related Content

What's hot (9)

Market testing & commercilisation
Market testing & commercilisationMarket testing & commercilisation
Market testing & commercilisation
 
New product development
New product developmentNew product development
New product development
 
What tools are available to help companies monitor and improve their marketin...
What tools are available to help companies monitor and improve their marketin...What tools are available to help companies monitor and improve their marketin...
What tools are available to help companies monitor and improve their marketin...
 
Brand & product management in Jabalpur
Brand & product management in JabalpurBrand & product management in Jabalpur
Brand & product management in Jabalpur
 
Chapter 09
Chapter 09Chapter 09
Chapter 09
 
Marketing Management - Product Life Cycle
Marketing Management - Product Life CycleMarketing Management - Product Life Cycle
Marketing Management - Product Life Cycle
 
New product development
New product developmentNew product development
New product development
 
What tools are available to help companies monitor and improve their marketin...
What tools are available to help companies monitor and improve their marketin...What tools are available to help companies monitor and improve their marketin...
What tools are available to help companies monitor and improve their marketin...
 
New product development and product life-cycle strategies
New product development and product life-cycle strategiesNew product development and product life-cycle strategies
New product development and product life-cycle strategies
 

Similar to Sales funnel

powerpoint on product development.pptx
powerpoint on product development.pptxpowerpoint on product development.pptx
powerpoint on product development.pptx
Ethyle Lingbawan
 
Chapter 2The New Products ProcessThe
Chapter 2The New Products ProcessThe Chapter 2The New Products ProcessThe
Chapter 2The New Products ProcessThe
EstelaJeffery653
 
Taylor.randall
Taylor.randallTaylor.randall
Taylor.randall
NASAPMC
 
Product Development and Design BSMA-1101_20230901_081023_0000.pdf
Product Development and Design BSMA-1101_20230901_081023_0000.pdfProduct Development and Design BSMA-1101_20230901_081023_0000.pdf
Product Development and Design BSMA-1101_20230901_081023_0000.pdf
DanielLescano16
 
Role of merch. in pd process
Role of merch. in pd  processRole of merch. in pd  process
Role of merch. in pd process
Tarun Das
 

Similar to Sales funnel (20)

Chap002
Chap002Chap002
Chap002
 
New Poduct Development
New Poduct DevelopmentNew Poduct Development
New Poduct Development
 
New Product Development
New Product DevelopmentNew Product Development
New Product Development
 
Chapter2.ppt
Chapter2.pptChapter2.ppt
Chapter2.ppt
 
powerpoint on product development.pptx
powerpoint on product development.pptxpowerpoint on product development.pptx
powerpoint on product development.pptx
 
1- Strategic Cost Management for EDBA.pptx
1- Strategic Cost Management for EDBA.pptx1- Strategic Cost Management for EDBA.pptx
1- Strategic Cost Management for EDBA.pptx
 
Atsi
AtsiAtsi
Atsi
 
New product development ppt
New product development pptNew product development ppt
New product development ppt
 
Section-II-Industry Analysis .pptx
Section-II-Industry Analysis .pptxSection-II-Industry Analysis .pptx
Section-II-Industry Analysis .pptx
 
personal selling
personal sellingpersonal selling
personal selling
 
Total Quality Management - II
Total Quality Management - IITotal Quality Management - II
Total Quality Management - II
 
Total Quality Management - II
Total Quality Management - IITotal Quality Management - II
Total Quality Management - II
 
Chapter 2The New Products ProcessThe
Chapter 2The New Products ProcessThe Chapter 2The New Products ProcessThe
Chapter 2The New Products ProcessThe
 
NEW PRODUCT DEVELOPMENT DISRUPTION
NEW PRODUCT DEVELOPMENT DISRUPTION NEW PRODUCT DEVELOPMENT DISRUPTION
NEW PRODUCT DEVELOPMENT DISRUPTION
 
Industrial buying decision process
Industrial buying decision processIndustrial buying decision process
Industrial buying decision process
 
Module 3 PRODUCT & PRICING DECISIONS.ppt
Module 3 PRODUCT & PRICING DECISIONS.pptModule 3 PRODUCT & PRICING DECISIONS.ppt
Module 3 PRODUCT & PRICING DECISIONS.ppt
 
Taylor.randall
Taylor.randallTaylor.randall
Taylor.randall
 
5 Steps to Build Your GTM Playbook with Stage 2 Capital
5 Steps to Build Your GTM Playbook with Stage 2 Capital5 Steps to Build Your GTM Playbook with Stage 2 Capital
5 Steps to Build Your GTM Playbook with Stage 2 Capital
 
Product Development and Design BSMA-1101_20230901_081023_0000.pdf
Product Development and Design BSMA-1101_20230901_081023_0000.pdfProduct Development and Design BSMA-1101_20230901_081023_0000.pdf
Product Development and Design BSMA-1101_20230901_081023_0000.pdf
 
Role of merch. in pd process
Role of merch. in pd  processRole of merch. in pd  process
Role of merch. in pd process
 

Recently uploaded

QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lessonQUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
httgc7rh9c
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
EADTU
 
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MysoreMuleSoftMeetup
 
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes GuàrdiaPersonalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
EADTU
 
Orientation Canvas Course Presentation.pdf
Orientation Canvas Course Presentation.pdfOrientation Canvas Course Presentation.pdf
Orientation Canvas Course Presentation.pdf
Elizabeth Walsh
 

Recently uploaded (20)

How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lessonQUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
 
Diuretic, Hypoglycemic and Limit test of Heavy metals and Arsenic.-1.pdf
Diuretic, Hypoglycemic and Limit test of Heavy metals and Arsenic.-1.pdfDiuretic, Hypoglycemic and Limit test of Heavy metals and Arsenic.-1.pdf
Diuretic, Hypoglycemic and Limit test of Heavy metals and Arsenic.-1.pdf
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
 
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxREMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptx
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & Systems
 
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes GuàrdiaPersonalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
 
Details on CBSE Compartment Exam.pptx1111
Details on CBSE Compartment Exam.pptx1111Details on CBSE Compartment Exam.pptx1111
Details on CBSE Compartment Exam.pptx1111
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...
 
Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdfUGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
Ernest Hemingway's For Whom the Bell Tolls
Ernest Hemingway's For Whom the Bell TollsErnest Hemingway's For Whom the Bell Tolls
Ernest Hemingway's For Whom the Bell Tolls
 
Orientation Canvas Course Presentation.pdf
Orientation Canvas Course Presentation.pdfOrientation Canvas Course Presentation.pdf
Orientation Canvas Course Presentation.pdf
 

Sales funnel

  • 1. Section 03 Advantages of the model Section 02 Company’s modification to the model Section 01 Industrial use of the model Section 04 Other Use of the model (i.e revenue generation ) Presented By Raghabeshwar Ghosh B 28 15020441198
  • 2. Sales Funnel Industries Standard Procedure in B2B Sales 1 Awareness Phase Interest Phase 3 Evaluation Phase Purchase Phase 4 Decision Phase 6 7 Revaluation Phase Repurchase Phase 2 5
  • 3. 01 02 07 04 Awareness Phase – in which prospects become aware of the existence of a solution. Revaluation Phase – in B2B sales it’s common for offerings to involve contracts that need to be renewed. Decision Phase – In which a final decision is reached and negotiation begins. Interest Phase – in which prospects demonstrate interest in a product by conducting product research. Industries Standard Procedure In B2B Sales 03 05 06 Evaluation Phase – in which prospects or prospect companies examine competitors’ solutions as they inch toward a final buying decision. Purchase Phase – in which goods or services are purchased. Repurchase Phase – in which a customer repurchases a product or service.
  • 4. Prospecting a potential customer Identifying the sales opportunity / project Initiating the sales talk proposing solution to the problems Product Trial and approval First order/ Trial order Phase 0 Phase 10 Phase 30 Phase 60 Phase 90 Sales procedure and stages Repeat order/ continuous sales Phase 100 Procedure followed by company Chosen
  • 5. A new potential customer is identified post which types of applications/projects which can be generated is identified with past database 1st Meeting is done and the customer si made aware of an existing solution and his needs are also taken into consideration and approval for trial is taken Trial reports are submitted and technical data sheet, Application case history are submitted and then actual trial is done at customer end Trial results are evaluated, modifications are done if required. Later commercial negotiations are done and first supply is confirmed After the first order is received, regular follow up is done to get the second order and then establish a regular flow of sales Sales Steps and methodology Note * 1. For existing customer step 1st gets eliminated 2. For existing application at existing customer 2nd step is eliminated New Customer New Projects New Customer New projects
  • 6. Saves time and follows a systematic pathway Easy to maintain/store information about projects The projects can be tracked at different stages as only 25-20 % projects reach last stage. Hence root cause analysis can be done for failure Helps to redefine strategies with customers if a project gets stuck at a certain stage and doesn’t move Helps forecast sales in near future (i.e. next month, quarter) by looking at projects in 60,90,100 phase 01 02 03 04 Advantages What is the sales funnel? Also known as the Revenue funnel or Sales Process it is a process that companies follow to generate customer leads and provide solutions to them through products in B2B sales. This funnel is divided into various stages and that helps to bifurcate the process into small sub processes.
  • 7. A few projects don't workout well and take too much time and no improvement is seen in them so its better to drop those projects under sales forecast Projects advancing to next stages on time and showing positive improvement should be accepted and sales forecast can be made upon those These projects are going to generate revenue in short period hence play a crucial role in sales forecast Project Elimination Project Acceptance Revenue Generation Projects Other Use of the Sales Funnel Model