Last Updated on September 13, 2023
If you’ve ever worked in sales, you’re probably familiar with the funnel concept. The basic idea is that when someone enters your business through one end of the funnel (for example, by calling or visiting your website), they pass through your sales process to become a customer at the other end. If there are no leaks in this process, then more customers will get through it than leave it, which means more sales and revenue for your business. However, most companies don’t use the funnel approach to guide their customer acquisition strategy. Many people view their marketing efforts as separate campaigns rather than working together towards one unified goal: getting customers into their funnel!
How does the funnel approach work?
The funnel approach is a popular marketing strategy that can help you focus on customer acquisition. It involves using various methods such as search engine optimization (SEO), social media, and content marketing to attract leads and convert them into customers. The funnel approach is used in business and marketing to help you stay focused on customer acquisition, leading to more sales, revenue, and, ultimately, growth for your small business.
How to use the funnel approach for your business
To use the funnel approach, you’ll need to define the problem before starting a solution. This means that instead of worrying about other people’s goals and how they can help you achieve them, stay focused on your own goals. Once you’ve set realistic and achievable fitness goals for yourself (for example,”I want to lose 15 pounds in three months”), it’s time to start planning how to achieve those objectives.
Be ambitious but realistic: It’s essential to think big and consider what is realistically possible within a given time frame.
For example, suppose one of your fitness goals is to become an elite athlete who competes in world championships. In that case, this might require more than just three months’ worth of training—but if your goal is simply improving general health and wellness by running more often or joining an adult sports league, then this may be something that could be accomplished within a few weeks or months depending on how often you work out during those periods. The same principle applies to sales and marketing.
Step 1. Optimize your website
Optimizing your website is vital because it can help increase your sales, gain more customers and improve your brand.
Optimizing means optimizing for search engines. You want to make sure that when people are searching for what you offer, they can find you. If you don’t optimize, then even if someone finds your business via a search engine (or social media), they might not know what to expect once they click on the link or ad that brought them there. Optimization helps with this because it tells the search engine what kind of content is on each page of your site so that when someone searches for something related to what you sell, they find relevant results that match their needs.
There are lots of ways to optimize: keywords in meta tags; descriptive titles and descriptions; keyword-rich URLs; placement of images; use of alt tags in images; internal linking between pages; etc.,
For example, if I were selling organic dog food online, I would put “dog food” as one of my keywords in my meta title tag. This would allow me to show up higher than competitors who aren’t optimizing their websites well enough!
Step 2. Capture leads
The second step in the funnel approach is capturing leads. This is the most critical part of your funnel because it’s how you get people to enter your sales process and become aware of what they need. Since most small businesses don’t have a large marketing budget, it’s even more important to ensure that you capture as many leads as possible through various channels.
When I say “capture leads,” I mean finding ways for potential customers to give you their information so that you can reach out to them later with a sales pitch or offer.
For example, suppose someone contacts me via email asking about my services or products without giving me any contact information (like an email address). In that case, it will be difficult for me to follow up with them later on without doing some additional digging into my own database first (which takes time).
So instead of waiting until people contact me directly about my products/services, I try hard not only because it saves time but also so that I can build relationships early on before making any kind of sale attempt later down the road when needed
Step 3. Nurture them with content marketing
Content marketing is a bit of a buzzword, so it can be hard to know what exactly it means.
Content marketing is essentially any type of content that brings value to your audience. This could include blog posts, videos, tutorials, and even live events. To successfully use content marketing in your funnel approach, you need to understand its purpose and how to measure it – especially if you’re using paid ads as part of your funnel strategy!
Here are some examples of content marketing:
- Blog posts that explain the ins and outs of specific products or services (ex,”:10 Things You Need To Know About Our Services”…)
- Videos on YouTube showing how something works (ex: How To Use Our Product”)
- Podcasts discussing topics related to your business (ex: How To Make Money Online With Blogging)
Step 4. Convert them into customers
Once you’ve attracted potential customers, the next step is to convert them into paying customers.
This is where you make your money, so it’s crucial to ensure that you have suitable systems and use the right marketing tactics to convert as many people as possible.
When considering improving your conversion rates, first consider what kind of content works best for your audience.
- Are they learning more about a specific aspect of their industry?
- Do they find themselves clicking through videos?
- Or do they respond better when reading something longer-form, like an article or blog post?
The second thing you should consider is how easy it is for people to purchase from you once they see your business’s products or services.
On average, nearly 60% of shoppers abandon their shopping cart at some point during an online shopping experience because too many steps are required before making a purchase (or even before reaching checkout).
Make sure that everything on both sides – from attracting traffic all the way through closing sales – has been streamlined so that each customer encounter has been designed with efficiency and ease as top priorities
The benefits of using a full funnel approach
Using a funnel approach can help you stay focused on customer acquisition, which will lead to more sales, more revenue, and ultimately, more growth for your business
The funnel approach is an effective way to focus on customer acquisition because it allows you to determine the most efficient way of acquiring new customers while limiting your spending in other areas.
The first step is to identify all the marketing channels available to you and then choose one or two that work best for your business at this stage in its life cycle.
This may be social media advertising or cold calling potential clients directly – whatever works for your company!
Once you have chosen which marketing channel(s) are most appropriate for acquiring new prospects, start measuring where each prospect comes from so that you can see which ones convert into paying customers more frequently than others do.
This information will help guide future decisions about what type of marketing tactics are best suited toward achieving certain goals, such as increasing sales volume or growing brand awareness among consumers who aren’t yet familiar with what makes our brand special.”
The bottom line about the funnel approach and what it could mean for your business
The funnel approach is for you if you have ever wondered how to grow your business and make it more profitable. It’s easy to implement and doesn’t require any additional resources from your team.
So what are you waiting for? Start using this strategy today!