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Similar to a purchase funnel, "conversion funnel" is a technical term used in ecommerce operations to describe the track a consumer takes through an Internet advertising or search system, navigating an ecommerce website and finally converting to a sale The main elements of an online purchase/sales funnel are Traffic sources (ie SEO, PPC, referral traffic, etc).
Sales funnel image. This strategy is so named due to the fact that in diagram form, this particular marketing strategy looks just like its name. To better understand the concept of a sales funnel and just how you can implement it in your own business, let's look at the following image from On the left side of the image, you. The sales funnel is each step that someone has to take in order to become your customer Let’s look at a brickandmortar sales funnel The people at the top of the sales funnel walk by your store A certain percentage of them decide to walk in, that’s the next next of the funnel.
A sales funnel is a marketing concept that maps out the journey a customer goes through when making any kind of purchase The model uses a funnel as an analogy because a large number of potential customers may begin at the topend of the sales process, but only a fraction of these people actually end up making a purchase. So the image you see above is the exact sales funnel template you need In fact, if it’s the only sales funnel you’re working with, it can singlehandedly take your business to whatever level of growth you want it But of course, you first need to know how it works So we’ll explain each funnel stage we identified in the above illustration. Image credit Free Book Preview What is a sales funnel?.
By definition, a sales funnel is simply a tool for visualizing where your prospects are in the process of making a buying decision A sales funnel is wide at the top because prospects with all levels of engagement enter and eventually the most engaged ones are channeled to the bottom of the funnel to be turned into sales and repeat customers.
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