Business Growth with Systems

What is a Sales Funnel?

Written by Christine Morse | Jan 2, 2024 7:12:40 PM

A sales funnel, also known as a purchase funnel, is a visual representation of the stages that a potential customer goes through before making a purchase. It outlines the customer journey from the initial awareness of a product or service to the final decision to buy. The typical stages in a sales funnel include:

  1.  Awareness: This is the stage where potential customers first become aware of your product or service. They may discover your brand through advertising, social media, word of mouth, or other marketing efforts.
  2.  Interest:  After becoming aware, potential customers show interest in learning more. They might explore your website, engage with content, or sign up for newsletters.
  3.  Consideration:  In this stage, potential customers actively consider your product or service as a solution to their needs. They may compare it with competitors and seek more detailed information.
  4.  Intent:  At this point, the potential customer has a strong intention to make a purchase. They may have narrowed down their options and are looking for specific details or assurances before committing.
  5.  Purchase:  The customer makes the decision to buy and completes the transaction.
  6.  Post-Purchase Evaluation:  After the purchase, customers assess their experience. Positive experiences can lead to customer loyalty, repeat business, and advocacy.

The sales funnel helps businesses understand the customer journey, identify potential areas for improvement, and implement targeted strategies at each stage to guide prospects toward making a purchase. It is a valuable tool in sales and marketing to optimize and streamline the conversion process.