I’ve heard a lot of talk over the last couple of years about the sales funnel being dead. What a load of nonsense. It’s not that long ago these sorts were telling us SEO is dead or – more recently – that web design is dead. Jackie Chan has also died multiple times over the last couple of years but I have my doubts about this, too, unless he has at least one identical twin who also happens to be versed in multiple forms of martial arts.
Hi Matt, a really great article which pulls out many strengths. I’m a wedding photographer and I’m researching new ways to funnel visitors by their current; challenges, position in planning their wedding and then addressing short term buyers vs longer cycle buyers who are researching etc. Do you have any advice or examples which could be useful even if a different industry? Thanks Pete
To move a prospect through the stages of a buying cycle, you’ll need to create different content designed to satisfy their needs at each of the three stages. You’ll also have to remove all the steps on this journey that could cause friction by understanding your audience and providing them with answers in the form of well-matched content, before they even ask their questions.
Your sales funnel is healthy if you have enough prospects going through it. If you’re moving enough prospects through the funnel with the experiences and interactions you create and if you are able to profitably convert enough prospects into paying customers, your sales funnel is healthy. See our article on Sales Metrics – 17 Reports That Improve Your Sales Pipeline Performance to help measure your sales funnel health.
Problem: NP’s notoriously fall prey to paying what are often exorbitant fees for online auction services, often from 15% – 50% of their auction proceeds (problem #1, the charitable cause ends up with less than 100% of their auction revenues) . Worse, these fees are really paid by their auction winners (the source of the auction proceeds), but the money is siphoned off the winners’ bids without their knowledge or consent. If bidders new this, they would likely be upset at best, or feel alienated, at worst (problem #2).
QUOTE: “Consider this: Mobile sites lag behind desktop sites in key engagement metrics such as average time on site, pages per visit, and bounce rate. For retailers, this can be especially costly since 30% of all online shopping purchases now happen on mobile phones. The average U.S. retail mobile site loaded in 6.9 seconds in July 2016, but, according to the most recent data, 40% of consumers will leave a page that takes longer than three seconds to load. And 79% of shoppers who are dissatisfied with site performance say they’re less likely to purchase from the same site again.” Google, 2016
Netflix changes its background image based on what movies and shows are being promoted. Their site is very simple. There’s a risk reversal right off the bat. You can cancel any time and not be locked into anything. You can try it free for a month. They’re not saying, “Hey, this is movies streaming online.” They’re relying on the power of their brand.
PROBLEM: Coaches have heard that digital marketing can help them grow their business and that social media is the IT thing to be doing right now. But they haven’t got the expertise to do it, or the time to figure it out, or the technical aspiration to get involved and try things out for themselves. They are worried they will lose the time and gain nothing. Or they’ve played with it a little and didn’t see any results. Yes others are promoting it so much, how are they missing the trick?
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The marketing funnel is a system that helps track the stages consumers or purchasers travel through to eventually make a buying decision. It also lets you know what your company needs to do to help influence consumers at each stage, such as follow-up telephone calls or sending them positive press reviews. Marketing personnel guide this traffic — the prospective customers — through the funnel using strategies that are designed to be effective at each stage.
Traveling businessmen and businesswomen frequently work with Spanish-speaking colleagues, and while they have a little Spanish, they don’t speak it very well and feel partly stuck or even inept when forced to use the language. Some of these people even have Spanish-speaking girlfriends/boyfriends/spouses, and they want to be able to communicate with their in-laws.
Hello Mark, I absolutely loved this article. It’s very thorough. I wanted to ask in Step 3 that is “Defining the Criteria for Each Stage” in each sub-step if the customer is not responding to sales call we are sending them back to the previous sub-step. In between each sub-step, can we put one more stage where we are approaching the customer one more time through Email or SMS where in we give them a last chance to move forward and if they don’t reply to it, then we put them back in the previous sub-step?
Email addresses, especially relevant ones, are one of the most powerful resources in digital marketing. Not only do you know what your target audience is interested in, now you have a way to follow up with them with whatever content works best with your audience — newsletters, special offers, educational piecesm or anything else. The sky’s the limit.
We take after sales support very seriously. If you ever have a problem using FastEye, all you need to do is hit the Chat bot on your dashboard and our support agent will be there to help you with anything (well as long as it’s related to Fasteye. I mean, you can try discussing your personal problems as well – but I doubt these guys are good at that – trust me…I tired :))
I am a Certified Massage Therapist and working in a Spa trying to build my clientele. I have been offering a series package of 2 full 1 hour massages at $55 each and this took off great… I am now offering a Customer Loyalty Card that offers them a FREE massage on their 10th visit; which is doing ok so far. My problem is this, I need to build more people in my circle. Most of my clientele do not or are not interested in giving me referrals. I informed them if they do and if that person comes in to see me that it will affect their Loyalty Card and will get them closer to receiving their FREE massage. Because of this, I have looked into a different avenue as far as picking up my clientele. Being that Valentine’s Day is approaching I thought I would ask one of the restaurants in the area to work with me to offer Dinner and a Massage at a competitive price. If a restaurant is willing to work with me on this, I was also thinking that those who purchase this package for Valentine’s Day, will receive a Customer Loyalty Card. What are your thoughts on this?
For one of my startups I’m launching, I’m solving the problem of drunk driving. There are systems in place that are not working. My company, The Bar Car, is an Uber-like car service whose focus is reducing drunk driving. One thing that sets us apart from a taxi or Uber, is out ability to get your vehicle home for you. I’m starting first in Wisconsin, and I plan to franchise nationwide in college towns and smaller, underserved markets.
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