Posts Tagged ‘sales funnel’

Your Sales Funnel And Goals

Friday, May 22nd, 2009

Do you know what your goals are? Have you let Google know? You should.

Google Analytics allows you to establish goals for your website and will even measure your goals for you so you can determine how successful you are. If you need actionable data, you can get it by measuring your goals and using the information to make necessary changes regarding how you track and measure data and how you act on the data you track and measure.

Your sales funnel is an integral part of that process. By knowing how your traffic flow should result in a sale, you can place the proper metrics where they need to be in order to tell you where in the process you are not meeting your goals. Then you can take that information and make the necessary tweaks and changes to improve the sales process. But it all begins with tracking. Google Analytics is a great tool. You can learn more about setting goals through Google Analytics here.

How Lead Generation Is Done Online

Friday, August 15th, 2008

Lead generation is one of the most important aspects of doing business online. Do you know how it’s done?

There is more to it than simply throwing up a website and hoping they’ll come. You’ve got to have a plan. It would help if you drew a diagram illustrating your sales funnel. First, draw the sales funnel for your organization – the offline funnel. Then, draw a separate funnel for your online business. You will likely notice some similarities, but you should also note some differences.

Your sales funnel is your plan for driving sales online. At the top of the funnel, where the wide mouth is, both you and the customer have a low commitment to your relationship. Therefore, you have no reason to ask for any information from your customer and your customer has no reason to give you any information. As the funnel tube gets smaller, your commitment (and your customer’s commitment) gets bigger. That’s when you begin to share information.

You should map out when you need to get information from a customer and how much you are willing to give up in order to get what you want – contact information. Plus, what kind of contact information is necessary? Do you need an e-mail address? A mailing address? A phone number? Cell phone or fax? Know what you need and don’t ask for any more than that.

The tools that you use to generate leads online are essentially the same tools that you use to make sales. But you aren’t necessarily doing both tasks at the same time. Typically, your website is the place where visitors go to make the final purchase. But your website could just serve as a lead generation tool in order to capture information for your sales team to follow up on. Either way, you’ve got to drive traffic to that website. Here are a few ways you can do that:

  • Blogging
  • Article Marketing
  • Pay Per Click Advertising
  • Display Advertising
  • Video Marketing
  • Podcast Marketing
  • E-mail Marketing
  • Social Networking
  • Social Bookmarking

You may have noticed that marketing online is a lot like marketing off line. Again, similarities and differences. The most important thing is to know your sales funnel and to map out the information exchange – when, who, why, etc. What will you give to get what you want and what will your customer give to get what she wants? Lead generation needs a plan. Do you have one?

Do You Have A Sales Funnel?

Thursday, July 31st, 2008

It is very important for a small business, whether you intend to engage in traditional marketing or Internet marketing and whether you intend to market your business locally or globally, to develop a sales funnel. You have to plan how you are going to drive customers to the final sale. Sometimes, and I’d say many times, it’s more than a one or two step process.

Your sales funnel may include several sales throughout the process. For instance, your first sale may be to offer a free e-book or video download in exchange for an e-mail address. Technically, it’s not a sale, but in reality it is a sale. You have to “sell” your website visitor on the benefits of giving you their private information. You use the free download as a selling point to encourage that behavior.

Next, you use the e-mail address and the e-book to entice your customer to buy something else. After that purchase, you may offer another product, one of higher value. And so you develop your sales process and drive your customer interactions toward a particular goal.

This is just one example of a sales funnel. There are many possibilities and every situation is different. Your sales funnel will not look like my sales funnel and neither of our sales funnels will look like someone else’s. You have to develop your own sales funnel, one that works for you and your customers. But it’s important to understand, before you start marketing, where you want your customers to end up and make your sales pitches based on those goals.

To learn more about the small business sales funnel, download my free e-book now.