What is a sales funnel?

A sales funnel is a model that illustrates the stages potential customers go through from their first contact with a business to the final purchase. In other words, a sales funnel shows how far someone is in the sales process.

The funnel typically consists of several stages, such as awareness, interest, consideration, intent, evaluation, and purchase.

• potential customers become aware of the existence of your product or service.
• potential customers show interest in your offering and start seeking more information.
• potential customers consider your product or service as a possible solution to their problem or need.
• potential customers intend to purchase the product or service and may compare products.
• potential customers evaluate the details and benefits of your offering.
• potential customers decide to make the actual purchase.

A sales funnel helps you understand customer behavior and the steps they take before making a purchase. This insight is crucial for optimizing your marketing and sales strategies. By knowing which stage of the funnel your potential customers are in, you can develop targeted marketing campaigns that better address their needs and questions at each stage.

Guiding potential customers through the various stages of the funnel increases the likelihood that they will eventually make a purchase, leading to a higher conversion rate. Additionally, a well-designed sales funnel helps you use your resources efficiently by focusing on the most promising leads and directing marketing efforts where they are most effective.

Moreover, a clear sales funnel makes it easier to predict future sales and plan the growth of your business.

Sustainable success through manageable and controlled growth

The ICR online business software helps entrepreneurs and organizations find balance and peace, through manageable and controlled growth, with the goal of a healthy organization and sustainable success. We do this through the all-encompassing ICR cycle.

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The comprehensive ICR cycle