The main goal of an online business is to turn their leads into more conversions. The aim is to meet the value behind the traffic generation. Thus, before enhancing the conversion rate, a business can be aware of every sales funnel stages. That is why we break the funnel into smaller funnels.
Breaking down the funnel actually helps a business in knowing the root of the problem. They can analyze the root problem at each sales funnel stage through the analytic data. There, they can change their agendas to further improvise. This helps them in getting more revenues.
Five Incredible Marketing Funnel Hacks
1) Acquisition funnel
The main focus of the Customer Acquisition funnel is to make the prospects aware of your brand. You can engage the customers by creating an attractive website. Also, you can display the reviews of the product on social media and other popular sites. Great content also acts as a driving force for the customers.
2) Activation funnel
The goal of the activation funnel is to convert prospects into leads. This stage is very crucial in evoking the interest of the prospects and fetching their trust. You can engage the prospects through demos, detailed blog posts, and customer reviews. In the below image, you can check out at the second stage of the funnel. It depicts a user’s first experience with your brand through sign-up or subscription.
The goal of the activation funnel is to convert prospects into leads.
This stage is very crucial in evoking the interest of the prospects and fetching their trust. You can engage the prospects through demos, detailed blog posts, and customer reviews. In the below image, you can check out at the second stage of the funnel. It depicts a user’s first experience with your brand through sign-up or subscription.
3) Monetization funnel
The agenda behind this funnel is to turn your users into customers. Finally, the customer lands to your purchasing page and you got the sales. At this stage, you can make efforts to keep the customers while you have already established the new ones.
4) Marketing Funnel
It refers to grab the attention of the customers towards your brand. This funnel aims at generating interest in the prospects. Through engaging content such as campaigns, live chats or webinars. Finally, your prospect makes the sale. Thus, you can examine how customers are responding to your brand.
In the below image you can see the detailed description of the Marketing funnel.
In the above image, you can see the detailed description of the Marketing funnel.
5) Sales Funnel
It represents the process of your prospects finally turning into customers. In other words, finally, they make a purchase and hence, the deal closes. It includes interest displayed by the prospects to your attractive opt-in offers and proposals. Your marketing campaigns or demos have finally reaped fruitful benefits.
Also, you can get a grip on repeating the sales through discount offers. Sales funnel stages help in winning the loyalty of existing customers and gaining the attention of new ones.
Funnels are the lifesavers for any online business. Whether you are a start-up or an established firm, these act as a boon for your business.
Thus, we concluded various types of the funnel in this blog. One should be curious to know about how to create a marketing funnel. In the next blog, you will get to know about the same.