The Marketing Funnel - Deepstash
The Marketing Funnel

The Marketing Funnel

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Benefits of a marketing funnel

  • To consider the buyer's journey

When do they first experience the brand? How do they experience it? And what do they do after their first experience?

These types of questions helps really better understand the brand and the business from the customer's perspective.

  • To optimize your marketing strategy

All marketing strategies have gaps, and the funnel helps you recognize and fix them. e.g display ads aren't connecting with potential customer, webpage loads slowly

  • Increase the conversion rate and drive more business results

e.g. you may track the % of potential customers that become paying customers.

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Stages in the marketing funnel

  • Awareness Stage

When a potential customer encounters a brand for the first time.

  • Consideration Stage

When the person starts to think about doing business with the brand, and actively searches for more information about it.

  • Conversion Stage

When the person decides to make a purchase.

  • Loyalty Stage

When the customer decides to purchase from the brand again and brand advocate.

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Awareness

GOAL

Capture your audience's attention. You want to get people to remember your brand and try to learn more about you.

STRATEGIES

  • Search engine optimization
  • Search engine marketing
  • Display ads
  • Social media marketing
  • Social media advertising
  • Video marketing
  • Influencer marketing
  • Content marketing

TACTIC

By targeting key phrases you can pinpoint the topic your target audience is searching for. Then you can create social media contents such as guides, videos, and blogs around those topics. At this stage, you should keep things brief and simple just to gain your audience's interest.

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Consideration

GOAL

Provide your potential customer with more detailed information to set you apart from the competition and help build their trust and confidence in your brand.

STRATEGIES

  • Unique selling proposition
  • Customer testimonials
  • Case studies
  • Product reviews
  • In-depth product tutorials
  • Re-marketing ads
  • Webinars
  • Email marketing
  • Social media marketing

TACTIC

Consistently sharing case studies, testimonials, reviews, and detailed tutorials can build trust in your brand. Remember the "rule of seven": potential customers often need to see a message seven times before taking action.

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Conversion

GOAL

Capitalize on the interests people have already shown.

STRATEGIES

  • Optimize the checkout process
  • Add better photos
  • Strengthen the copy
  • Add live chat
  • Pursue abandoned carts
  • Increase website speed
  • Offer a trial or money back guarantee
  • Experiment with A/B

TACTIC

Use paid remarketing campaigns to reach people who have already shown interest in your brand. Remarketing or retargeting, is a strategy in which you use paid ads to target customers who have visited your website, app, or social media profile. You can also gently encourage people to make a purchase by offering discounts or free shipping.

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Loyalty

GOAL

Continue to nurture relationships with your customers so you can remain in their minds.

STRATEGIES

  • Rewards programs
  • Email marketing
  • Social shares
  • Remarketing customers
  • Encourage reviews
  • Birthday and anniversary offers
  • Freebies
  • Amusing confirmation messages

TACTIC

Remarketing ads to existing customers on social media is a great way to encourage them to make a repeat purchase. You can also stay connected with your customers by making them feel like they are part of your brand community. One way to do this, is by developing social media content that relates to the purchase that they have made.

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IDEAS CURATED BY

itssalman

Radiant⚡ radiantsalman

CURATOR'S NOTE

A graphic representation of the process through which people go from learning about a brand to becoming a loyal customer

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