To help you better market and sell your offerings, having a well-optimized sales funnel in place is essential. In short, a sales funnel is a model that represents a customer’s journey – from first learning about your product/service to making the purchase and beyond.
In this post, we’ll guide you every step of the way. Here’s what you can do to build a highly refined sales funnel and turn those leads into valuable, long-term customers.
Key Strategies for Building a High-Conversion Sales Funnel
Keep in mind, a customer’s journey is not strictly linear. They may move back and forth or even skip a phase altogether.
Moreover, some businesses may simplify their sales funnel. However, the model we’ll be examining offers more touchpoints for customer engagement, data collection, retention, and more.
To begin with, potential customers must first spot your product/service. The goal here is to instantly grab attention and spark interest through a variety of marketing channels: social media, Google Ads, YouTube advertising, collaborations with affiliates and influencers.
Apart from well-placed ads and shoutouts, the kind of effective content marketing to create should be broader at this stage and introduce basic concepts or needs that your offerings address. Engaging introductory articles, videos, and infographics are generally easy to consume and share. Get blog content optimized for SEO and brand voice by using an AI blog writer.
At this stage, you keep building the relationship. Potential customers have shown interest and are learning more about your product/service.
Use this opportunity to provide more in-depth content like ebooks, webinars, or whitepapers that will provide insights into your industry or educate the audience about your solutions. Incorporating a tool like Clevenio can significantly streamline this process, enabling you to automate personalized follow-ups based on the specific interests customers have shown, thus deepening the engagement and relationship.
Such content will also capture you leads and contact information that you can use for email marketing. Starting an email newsletter that regularly delivers valuable content will engage prospective customers and establish you as a credible industry player.
Don’t neglect social media – actively engage the audience through comments, live sessions, and community groups.
Folks are now seriously considering your offerings. They’re comparing it with others in the market and evaluating factors like features, pricing, customer reviews, and brand reputation.
You need to showcase the unique value proposition and demonstrate why opting for your products/services is the better choice.
You can achieve this with guides comparing your offerings with the competitors’, case studies, and testimonials from satisfied customers. Also, you’ll demonstrate value through free trials, demos, or samples that let potential customers experience your offering firsthand.
Have FAQs or a knowledge base ready to provide detailed answers to common questions and concerns.
A prospective customer might’ve added items to a cart, requested more information, or engaged in a product demo. Either way, they’ve shown a clear intention to purchase but haven’t done so just yet.
It’s now time you utilize customer data to send personalized messages that address the specific interests of the prospect in this phase and directly lead them toward making the purchase they’ve been eyeing.
Additionally, leverage retargeting campaigns – displaying your ads to prospects as they browse social media and other sites online, and offer one-on-one consultations.
In this phase, the prospect is about to make their final decision. However, before paying, they’re again weighing the pros and cons and it’s up to you to reassure them they’re making the right call.
If you’ve been reading this post, you’re already familiar with most of the tactics to utilize at this stage, but this time, you use them as direct reminders of your offerings’ worth.
So, send personalized follow-up messages that reinforce your unique sales proposition, manage sales objections, and provide comparison charts about different product/service tiers that might suit the prospect.
Another thing to do here is introduce limited-time offers or exclusive discounts, or create a sense of urgency by showing you’ve got limited stock.
So, you’ve refined your sales funnel and a potential customer is about to become a customer – congratulations! This, however, doesn’t mean you should approach the purchase stage lightly.
You have to facilitate a smooth transaction process. Design it so that it includes as few steps as possible and implement a user-friendly interface. For the final touch of smoothness, use clear and compelling CTAs such as “Buy Now” or “Checkout”.
Also, different customers have different payment preferences, so offer multiple options to accommodate them.
7: Post-Purchase (Retention)
Even after you’ve made the sale, your work is not yet over as nurturing customer relationships is vital for long-term business success.
So, send a thank you message and provide helpful onboarding content. This includes instructions on how to use or set up a product, how to register it, maintenance tips, and customer support info.
Explain in this phase how your loyalty program works (if you don’t have one, it could be quite beneficial to introduce it), or provide other incentives, like discounts, for additional purchases. Now is also a good time for upselling and cross-selling.
Finally, ask for feedback or reviews, allowing you to gather insights for improvement and enhance your marketing efforts.
Essential Tools to Utilize Throughout the Sales Funnel
- Close’s Sales Funnel Calculator: This is a powerful and free tool for planning your sales funnel. It provides accurate revenue forecasting and lead predictions based on your current data, allowing you to optimize your sales funnel and team to hit your growth goals.
- HubSpot: Whether it’s social media or email marketing, this tool’s got your back. Moreover, the integrated web content management system lets you create content that’s personalized for different visitors. HubSpot also helps with SEO, including keyword research, on-page SEO, and performance tracking.
- Google Analytics: Provides data on sources of traffic on your website, page views, time spent on site, bounce rates, and more. This is the basis for extremely helpful insights on user behavior: how they navigate through your site, what content they engage with, or where you might be losing their interest.
- Salesforce: A comprehensive customer relationship management (CRM) tool. By tracking customer interactions, managing leads, and automating various sales processes, Salesforce increases the efficiency of your team at (almost) every step of the way.
- Optimizely: Data-based continuous improvrement of your sales funnel is essential. Besides for more complex experiments across your digital touchpoints, Optimizely is the perfect tool for A/B testing. Crucial for optimizing landing pages, CTA buttons, and other website elements, it allows you to test different versions to see which one performs better.
Keep in mind, these strategies won’t do you much good if you don’t know your target audience: their needs, pain points, and preferences. If you implement our guidelines, obtain the right customer insights, and segment them accordingly and in line with their respective point on the customer’s journey — you’ll be well on your way toward closing those deals.