Uploaded on Aug 2, 2023
Unlock your business potential with a powerful sales funnel - Web Strategy Plus provides expert insights and practical solutions on why implementing a sales funnel is essential for business growth. Discover how to convert leads into loyal customers and maximize your online success. Explore our proven strategies today!
Why your business needs a sales funnel
Why your business
needs a sales funnel
How do customers go from hearing about a product or service to ultimately
purchasing it? Chances are, they have entered a business’s sales funnel and
came out the other side as a paying customer.
What is a sales funnel?
A sales funnel is an automated journey a prospect goes through to become
a customer. It usually consists of three to four steps that convince interested
prospects to take a certain action. As customers continue to be interested,
they work their way down the funnel.
Elias St. Elmo Lewis devised the sales funnel process back in 1989. He
outlined four steps:
• Attention: When a customer is first made aware of your business or the
products or services you sell.
• Interest: The customer is curious about your business, how it solves a
problem or gives them something they want.
• Desire: The customer begins to like the product and develops a fondness
for it.
• Action: The customer does more research, samples the product, and
eventually purchases it.
It’s called a funnel because of the way it looks on paper. The top is wide as
awareness reaches a lot of people and eventually narrows as the pool of
interested individuals becomes smaller and more targeted.
Why your business need a sales funnel
A sales funnel is the backbone of every online business. Here’s why your
business needs one:
It builds a relationship
Most customers don’t make major purchases right away. They do their
homework, study their options, and buy from brands they trust. A sales
funnel allows that relationship to blossom.
You focus on the right leads
Uninterested customers will leave your funnel on their own, leaving you to
devote your time and resources to those who are most interested.
It sets the stage for ongoing sales
When customers enter your sales funnel, they are at varying stages of the
buying process. Those that are further along will become paying customers.
The others are on a journey that will result in an eventual sale. Keeping
interested customers engaged in sales funnel means a steady stream of
customers in the future.
Accountability for your sales
Every activity in your sales funnel is tracked, so you will know your most
effective content, your best selling products, the social media platform that
has the most responses, and the geography of your most paying customers.
Having a sales funnel helps you understand the sales process and adjust to
what is working the best.
You can monitor your metrics
Sales funnel software can give you more information than the page views
your website typically gives. It measures traffic, returns traffic, sales
qualified leads, conversion rates, cost per lead, sales velocity, and much
more.
If you’d like to learn more about sales funnels and how they can help your
business, contact Web Strategy Plus. We create engaging sales copy that
expands the number of visitors who enter your funnel and enticing landing
pages that persuade visitors to take action. We can build a sales funnel for
your business that is both effective and affordable. Contact us today for a
free consultation. For more tips to grow your business, check us out on
Facebook, Twitter, LinkedIn, Pinterest, Instagram and SlideShare.
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