What Is a Sales Funnel | Explained

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A sales funnel describes each stage of the customer’s buying process. Watch this video to learn what is a sales funnel, how it works, and how to choose the right type for your business.
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🕒 Timestamps

00:00 - Introduction
00:12 - What Is a Sales Funnel

How a Sales Funnel Works
01:40 - Awareness
02:47 - Interest
03:44 - Desire
04:15 - Action
05:13 - Retention
05:40 - Advocacy

06:39 - Types of Sales Funnels
07:42 - How to Choose The Best Type of Sales Funnels for Your Business
09:11 - Outro
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⭐ What Is a Sales Funnel?
A sales funnel describes the process your target audience goes through to become a customer – from discovering your brand to making a purchase.

⭐ Why Do You Need a Sales Funnel?
▶ Sell more effectively – plan a better strategy to sell to your customers when they are ready to buy.
▶ Get a higher profit margin – estimate customer acquisition costs better and reduce marketing expenses.
▶ Generate more sales – track what converts your leads into customers and optimize your marketing efforts.

⭐ How Does a Sales Funnel Work?
A sales funnel typically consists of the following stages:
🟣 Awareness
At this stage, people are discovering your brand. So, create content that shares ideas, solutions, or advice.
🟣 Interest
This is where your leads want to know more about your business by clicking on a product catalog or signing up for an email list.
🟣 Desire
Your leads become prospects. They are interested in your offers but are still considering other factors.
🟣 Action
This is where you convert prospects into customers. It’s crucial to remove obstacles preventing them from purchasing your product.
🟣 Retention
Happy customers are more likely to buy from you again, so it’s important to maintain good relationships.
🟣 Advocacy
Loyal customers recommend your brand to others. Consider starting a referral program and collecting feedback surveys to improve customer satisfaction.

⭐ What Types of Sales Funnels Are There?
Among others, there is the lead-generation funnel and the webinar sign-up funnel.

⭐ How to Choose the Right Sales Funnel for Your Business?
▶ Define your objective.
▶ Consider your customers’ buying journey to plan each stage of the funnel.
▶ Look at competitors and evaluate their sales funnel.

Now you know what is a sales funnel and how it works! Good luck building one for your business.
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Thank you for watching! Let us know in the comments below if you have any questions. Good luck on your online journey. 🚀

#whatisasalesfunnel #salesfunnel #hostingeracademy

[HostingerAcademy]

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