What are Sales funnels in marketing?

What is a Sales Funnel in Marketing?

This question has been asked within an online profession especially amongst newbies and some veterans. Heres the Wikipedia definition: The sales funnel (also known as a revenue funnel or sales process) refers to the buying process that companies lead customers through when purchasing …

The process of the sale funnel goes through a few stages according to Wikipedia
The purchase funnel, or purchasing funnel, is a consumer-focused marketing model which illustrates the theoretical customer journey towards the purchase of a product or service. This usually works better than the traditional website, especially when getting engagement.

There are approximately 5 stage process of a sales funnel the customers take through before reaching the end goals

  1. Lead
  2.  prospect
  3. qualified prospect
  4. committed
  5. transacted

What is the lead: Its the first process is done when a customer usually through an email source called an autoresponder. This autoresponder sends back a message letting the end receive knowledge about the lead that was generated. This also knows in our profession as list building.

Prospect: what is a prospect in our profession especially Online marketing they are someone or persons who rise there hand about getting more info through like answering a post a sales or marketing funnel. This is a difference in what is taught in Network Marketing which is prospecting. That a whole different method of connecting with potential clients. In my lastest Book, I wrote about this very thing called 5 Keys to Success In Todays Market

Qualified Prospects: Qualifying your potential customer or clients is very important when building your team. Qualifying folks to work with eliminates having to waste time with people who aren’t ready for what you have to offer. Even when you are able to establish the problem of a particular client if there no ready to take action to fix the issue it’s a waste of your time and time spent with that person who no willing to invest in there time monetarily or time-wise by taking action putting in the work. Prospecting for quality, not quantity is very important.

Being Committed: also fit within the 5 without committing to building your business won’t help with getting the success your wanting.

Transacted: I the last part of the funnel process meaning the close or the sell.

Build your audience,  Engage with your audience

                    Sale to your audience.

 

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