Designing the Buyer Centric Funnel

Designing the Buyer Centric Funnel

 

Introduction

 

Designing the Funnel

 

Flipping the Funnel

 

 

Introduction:

Before going any further, we should have a clear idea about what is buyer centric funnel. In one simple sentence, we can say that a buyer centric funnel is a consumer-focused marketing model that illustrates the theoretical customer journey towards the purchase of any product or service. It's supposed to help the customer in understanding the problems and solutions. A well-designed funnel always helps a business to convert their leads into paying customers. So, funnel designing is quite a crucial part to consider in the market. In fact, they are actually considered as the best tool in a marketer’s tool belt these days.

          

Designing the Funnel:

There are however certain measures that can be carefully taken to construct a successful funnel. Each stage of the funnel impacts massively in the buyer’s behavior. Basically, the sales funnel consists of four stages which are awareness, interest, decision, and action. In the case of designing one effective sales funnel, one must follow the following steps.

1.                 Analyzing the audience’s behavior: It is probably the most important step in the whole list. One needs to actively stay alert and know about one’s audience.

2.                 Capture the audience’s attention: One should always try to put one's content in front of the target audience. Running some ads on popular platforms might be a good point to consider.

3.                 Build a landing page: A landing page with an attractive offer is always a good choice to go for. A landing page should spontaneously push the audience to the next step. One needs to grab the audience’s attention by providing free e-books, free useful materials, undeniable offers, etc.

4.                 Creating an email drip campaign: Provide incredible content to the audience through email. Sending such emails at a constant interval of time is a good strategy.

5.                 Keep in touch: The most commonly observed mistake in the whole process occurs in this step. It's due to the negligence of the current audience. Instead of constantly trying to reach the outside audience, it's very important not to forget about the ones at hand. One should thank them for their purchases, offer them additional coupon codes, and provide some exclusive perks.

  

Flipping the Funnel:

Flipping the funnel is a game-changer for marketing. It basically means spending fewer resources in acquiring new customers and spending more on maintaining the customers at hand. This strategy will result in highly satisfying the customers and there will be the possibility left of them to attract new customers in the future by sharing their experience. Flipping the funnel also involves making the customer service proactive. To do the flip, we can take the following measures:

 

1.                 Identifying the best-fit contacts: Identification can be named as the first step towards a successful flip. After identifying the best fit- lead, one should target him and create a contact. One should be very careful in selecting the target because the contact must possess the ability to be a good fit for the business. After that, one should begin the process of turning the contact into a full account.

2.                 Expanding contacts into accounts: After creating the account successfully, the next step is to make further expansion of the account by adding more contacts. The achievement of this step entirely depends upon the success of the previous one.

3.                 Engaging accounts on their term: The third step comprises of engagement. Engagement is where one’s content and channels come to life. It is where the marketers become scientists. Their work is to test different types of content to find which type reverberates with specific types of contacts and accounts. This increases the reach within the accounts and makes a possibility that those contacts will already have been exposed to marketing messaging while the sales team is actively reaching out. So, it reduces a lot of pressure from the sales team’s shoulders.

It involves targeting the marketing messages to the best-fit customers on the platforms where the ads are most likely to be seen. It could vary from social media to anything else. The main purpose is to get in front of the targeted audience.

4.                 Creating customer advocates: The final step is advocate. The goal is to turn the customers into shouting fans for the business. It is the creation of customer advocates. Getting good reviews from customers, spreading positive word-of-mouth, and influencing them in making new customers are some of the most impactful types of marketing.

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