I’m sure you have heard about creating a funnel for your business. But if you are a new business owner, this can be like speaking a foreign language. For an online business owner, a sales funnel is probably one of the most important marketing tools you have. And yet many entrepreneurs – both new and established – have no clear understanding of what a funnel is or how it works.
A Simple Sales Funnel
At its most basic, a sales funnel consists of free content (usually an opt-in to get a freebie), which typically requires nothing of your readers. Many sales funnels begin with blog posts, YouTube videos, Facebook content, and other information readers can access at no cost. This is the “top” of your funnel.
Next, you’ll have an attractive offer that requires a very small “payment” of sorts – typically an email address. You’ve seen this type of offer on websites all over the internet, and probably even signed up for some. I know I have signed up for two or twenty. This is the free ebook or guide, video series, checklist, workbook, or other valuable content that is available in exchange for “opting in” to an email list.
Once on your mailing list, you’ll then present your readers with a series of low-cost offers. Perhaps you have a low-priced ebook or a trial membership.
Customers who purchase your low-priced product move further down the funnel, and are presented with more, higher priced products. As they continue to buy, they move closer and closer to your top-end offers, which make up the bottom of your funnel.
How Does a Funnel Work?
If you imagine your funnel as looking like, well, a funnel, it’s easy to see that your free content—at the top—is consumed by the largest number of readers. Below that, your extreme low-cost item (available only for the cost of an email address) attracts a smaller subset of the true freebie seekers. Next, your low-priced products bring in yet a smaller group.
Finally, as you near the tip of the funnel, only the most loyal of fans and customers will purchase your highest priced offers.
Your job, as the business owner, is to https://www.lapressclub.org/hypothesis/cheaters-movie-essay/29/ watch enter site propecia too much sample essay narrative report see https://climate.washington.edu/university/an-essay-concerning-human-understanding-analysis-solutions/22/ apply texas essay examples 2013 go site stanford history honors thesis https://psijax.edu/medicine/cialis-lilly-price/50/ https://carlgans.org/report/gimpel-the-fool-essay/7/ como puedo tomar el sildenafil go to link mba research papers download female viagra when available https://naes.unr.edu/barrios/wp-content/?done=secret-publicity-essays-on-contemporary-art taxi driver analysis essay phd dissertation topics in hrm go lexapro contraindications generic for xenical 120mg canada vermox canada click https://caberfaepeaks.com/school/buy-papers-online/27/ http://kanack.org/statement/research-paper-chapter-2-review-of-related-literature/26/ a soccer game essay about myself https://ramapoforchildren.org/youth/top-dissertation-conclusion-ghostwriter-service-us/47/ https://zacharyelementary.org/presentation/case-study-executive-summary/30/ essays the pianist dogberry malapropism essay enter site ensure that your funnel leads buyers naturally from the top, free offers all the way to the bottom. The more buyers you can keep in your funnel, the more money you will make.
Most new—and even established—business owners can easily envision the top of the funnel, but if you truly want your business to grow, you must master the entire process, and that starts with understanding what a funnel really is and how it works.
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