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Funnel Marketing : How to optimize your conversions?

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Funnel marketing is an important part of your digital strategy.

Get used to the idea: at least 90% of the leads that make up your market have no intention of buying anything from you. In fact, a good part of them are not even aware of the need that your solution can solve.

(Just to clarify, it would be a misnomer to imply that 10% of your market is ready to sign up at any time. It is an order of magnitude, but the real numbers, although impossible to calculate, are usually much lower). But then, what to do? You have two options:

👉 Move on from 95% of your audience to focus on the 5% that would, theoretically, have a chance to convert? (And deprive yourself of the 95% who might, one day, do the same) 👉 “Educating” the market with lots of content in hopes of making them aware of their problem? (And deprive you of the 5% who have a purchase intention at the moment T.)

gif <strong&gtconversions</strong> tunnel

This article was written in partnership with Scalezia. Scalezia helps startups, scales-up but also SMEs to implement the latest growth methods to create sustainable growth and internalize these skills, in order to make the company autonomous in the long term

. They also offer a huge range of free content, covering all the important topics of acquisition but also content creation, product market fit research and many other topics essential to grow a business. To access the courses, click here (you won’t regret it).

 

What is a sales funnel in business?

Translation and synonyms: tunnel, prospecting funnel. Whether you’re a Growth, Marketer or Sales person, this is a crucial model for defining the nature, scope and audience of your acquisition actions. Visualize your conversion path as a funnel, in which the lead descends, until it becomes a customer, then an ambassador. There are hundreds of different funnels, so much so that each business has its own funnel.

 

What is upper, mid and bottom funnel?

Nevertheless, we can identify 3 key steps that can be found within each of them:

  1. The top-of-the-funnel / Upper (or TOFU), which refers to the portion of an audience that has only partial knowledge of the business and its value proposition. This condition can be coupled with a lack of knowledge of their own needs. This is referred to as “cold leads”.
  2. The middle of the funnel / Mid (or MOFU), which designates an audience that is increasingly interested in the business and its value proposition. This state is characterized by the completion of one or more actions that lead to a more advanced relationship (positive response to a prospecting email, download of a lead magnet, request for a contact…). These are called “lukewarm leads”.
  3. The bottom of the funnel (or BOFU), which designates hot prospects, i.e. leads ready to buy with whom a need has been clearly identified and with whom collaboration opportunities are being studied.

 

Explanations

The passage from one stage to the next is determined by the lead’s performance of a specific action, which characterizes a growing interest. This is called the conversion objective. Each component of your funnel must lead your audience to the next conversion objective, up to the act of buying.

You’ve got it: each step of the funnel is full of opportunities and must be considered as a growth lever in its own right. The relevance of these growth levers in a given context will vary according to the business. Some will play the efficiency card, trying to have the most linear funnel possible. This is the approach favored, for example, by many infopreneurs, who focus their efforts on the most targeted audience possible. They most often call it “sales tunnels”.

Others will play the awareness card, maximizing volumes at the top of the funnel. This is the case, for example, with Ahrefs or Hubspot, whose content strategies are recognized as among the most powerful. Another thing to note: a company is not captive to a single funnel. Several funnels can coexist depending on the issues, the product catalog and the target market(s).

Furthermore, learn more about the content strategy here. 👀

 

Good strategy and good tools for an acquisition funnel

Thus, different approaches will be preferred: New TOFU leads will be worked through content sharing, to educate them and create a qualitative first interaction.

A qualitative and correctly executed content strategy is therefore crucial. It is what will give visibility, legitimacy and authority to your brand. In a more linear approach, targeted customer acquisition campaigns (Ads, outreach, Account-Based Marketing, Event-based Marketing, etc.) are preferred.

MOFU leads will be worked on through a more personalized approach and more focused on their problematic.

This is known as lead nurturing, which aims to provide a continuous and relevant flow of qualitative information to the prospect in order to accompany him as he gradually moves down the funnel. In other words, in their decision making process. A multitude of tools and practices can be relevant. Retargeting (Facebook Ads) or remarketing (Google Ads) are two particularly powerful tools to warm up a lukewarm audience and bring it into an optimized conversion path.

  • Marketing Automation solutions such as Hubspot or Plezi can be very useful. However, these solutions require a large database of content to be effective.
  • The use of targeted landing pages (with tools such as Webflow, Landn or Dorik), written with conversion in mind, are also very useful to convert a lukewarm lead into a prospect. BOFU leads will be worked on much more intensively, with more frequent interactions to optimize conversion. This depends on the business philosophy of your company. If your company is sales-based, i.e. if salespeople are responsible for the final sale, the objective at this stage is to generate appointments with them.
  • Qualification tools such as Typeform or Jotform, and appointment setting tools such as Calendly or YouCanBookMe are good options to automate the work as much as possible. Also, direct prospecting (by email, phone or LinkedIn) on leads identified as hot can be very effective. If your company is product-based or marketing-based, i.e.

If the conversion must be done through the use of your product or your content, without individual human intervention, you will have to work on your copywriting and your product in order to raise objections and give a maximum of reassurance elements to generate a conversion.

 

Visualize your marketing funnel

The first step in any work on your funnel is to transcribe it in black and white. This marketing approach will allow you to visualize its components, their interactions, optimization points and new opportunities.

The best tool to do this is Funnelytics. The tool allows you to model your conversion path, step by step.

 

Example of a B2b funnel that works

Here is, for example, our own conversion funnel at Scalezia:

funneltytics architecture d'un funnel marketing

 

On the right is the BOFU.

At this stage, Sales takes over to qualify, advise and accompany the hot leads, i.e. leads that have filled out a form and/or made a phone appointment. Once you have mapped your funnel, all you need to do is calculate the conversion rates from one step to the next in order to identify the flows. The objective: to identify possible losses.

A good conversion rate from TOFU to BOFU is around 5% to 15%. However, this rate may vary from one business to another.

So handle these figures with care. Being fully aware of these figures will allow you to manage your flows according to your objectives. For example, if you know that a TOFU audience of 1000 will ultimately generate 75 BOFU leads (7.5% conversions), you will know that you need 4000 TOFU leads to generate 300 BOFU leads.

gif acquisition de leads

 

Using the Funnel for your marketing automation

It is totally possible to set up a precise acquisition tunnel and add automated actions to gain efficiency. In any case, this is now done in 99.9% of the cases. It is very simple to set up:

  • For a series of Newsletters you have Mailchimp or Sendingblue.
  • For a Cold Email series you can use Waalaxy.
  • For a multi-channel action you can also use Waalaxy. 😜

Here is a typical example of a fully automated scenario:

  • You publish posts on LinkedIn to target your future B2b leads,
  • Each person who interacts on your posts is automatically imported into your CRM.
  • You only write LinkedIn + email prospecting messages in advance that you customize.
  • The Waalaxy tool, thanks to the mail finder, finds the email address of your contacts, only thanks to the LinkedIn URLs.

You find yourself automatically contacting people on multiple channels who are interested in your offers. Bingo. 😜 Here are some possible scenarios, and this is just the buried part of the Iceberg. 🧊

 

Discover Waalaxy 🪐

 

 

Conclusion on the acquisition marketing funnel

In Funnel Marketing, as in any other practice, we come back to the basics:

  • A good knowledge of your market and your audience
  • A focus on iteration and testing to continuously optimize
  • Quality content, focused on value and relevance.

Nevertheless, remember that the simpler, the better. The objective of a marketing funnel is not to be the most comprehensive, but the most effective. So try to optimize each brick as much as possible before implementing new ones.

 

Faq of the article: funnel marketing

In this FAQ we have tried to list all the questions asked by our users. If you still have questions, feel free to come and talk to us in the chat, we answer you at lightning speed. ⚡

 

What is a funnel in digital marketing?

As a reminder, a conversion funnel is a bit like a funnel with several different actions that take the prospect from the widest point to the tightest. Each action aims to bring the prospect a little closer to the purchase action.

The goal is not to frustrate or hurry him, that’s why we don’t do direct sales, considered too aggressive on the web. Here is the example of the Waalaxy prospecting funnel:

Infographie-Blog-2-212x300

 

How to build a sales funnel?

To make a good funnel, you first need to identify which actions will convert the best according to your lead. Here are some examples of what you can do:

  • Work on the research of your marketing personas on LinkedIn and on other channels (sometimes there are several)
  • Focus on inbound marketing by creating content that generates leads (LinkedIn posts, white paper..).
  • Use ADS (LinkedIn Ads, Google, YouTube) to make your landing or blog more readable.
  • Optimize your website’s SEO and publish SEO content frequently.
  • Create lead magnets: banners on your sites, targeted calls to action.

To get to know your prospect as well as possible, the best thing to do is to create as many A/B marketing tests as possible.

 

What are the 4 major phases of funnel marketing? + Bonus

The conversion funnel works like this:

  • 😎 The visitor enters the site or blog through SEO and/or SEA.
  • 💰 He becomes a prospect thanks to levers on the site (call-to-actions, white paper..)
  • 🤑 He is interested enough and therefore buys a product.
  • 🌀 If the user experience is good, he will repeat his purchases. (Example of Amazon which simplifies the purchase path as much as possible).
  • 📣 He ends up promoting the brand to his peers. In B2b, with his customers, foragers or associates. (Bonus)

So, the journey is this:

Infographie-Blog-3-212x300

 

How does a funnel work?

Of course, the steps I just presented are theories. In practice, you have to see where you are losing customers, (between which steps) and try to reduce the loss by implementing new actions.

It’s like if your sales tunnel is constantly drilled and you try to patch the holes by testing materials, once you find the right material for the right hole, we move on to the next one. 🖖

And there you have it, you know all about funnel marketing, you can get started!

 

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