How to capture the interest of a potential customer in your online store? How to guide them through the entire buying process until they place an order? A well-designed sales funnel can help determine the most effective path. It is a strategic tool that visually reflects the real sales process. Proper customization for the industry's specifics, along with continuous monitoring and optimization of individual stages, allows for maximizing sales results. Learn how to construct your own sales funnel and increase profits in your online store. Practical tips can be found in this article!
The sales funnel (also known as the conversion funnel) is a concept derived from the sales and marketing industry. Its basic premise is based on the AIDA model developed in the 20th century. This model illustrates the stages a customer must go through from encountering an advertising message to taking action and making a purchase. Expanding the AIDA acronym, these steps include:
Visualizing the sales process in this way helps precisely tailor the marketing strategy to the specific needs of the audience, resulting not only in effective conversion (action), but also in building customer loyalty. However, it's essential to note that over the years, the traditional AIDA model has evolved. With the emergence of new sales channels (both online and offline) and a change in companies' approach to customers (where building long-term relationships became just as important as making a one-time purchase), creating a sales funnel requires more flexibility and expansion of individual stages.
There is no one universal method for constructing a sales funnel – its formation depends on the individual characteristics of your business, the industry's specifics, and the target audience you are addressing. However, there are fundamental principles to consider when creating your own funnel. One of the key principles is dividing the conversion funnel into three main parts:
What does building a sales funnel look like in practice? To facilitate the implementation of this method in your online store, we have prepared tips that will help you reach your target audience more easily.
If you start building a sales funnel by creating specific sales offers, you are making a basic mistake. At the beginning, focus primarily on building awareness of the brand's existence and other activities that will interest potential customers. You can achieve this by:
Have you succeeded in getting your audience to associate with your brand? Then the next step in building your funnel is to generate interest in the product or service itself. To do this, it's important to present your offering in a way that focuses on the specific value you can deliver to your customers (or solve their problems) and to tailor your communications to their individual needs. If necessary, it may be important to respond to any concerns they may have (e.g., through the FAQ section of your website or responding adequately to user messages on social media). In addition, it is also worth focusing on activities at this stage, such as:
The combination of these actions allows for effectively guiding potential customers through this stage, increasing the chances of transitioning to the next stage of the sales funnel.
The user is aware of your product and is interested, but this doesn't guarantee they will make a purchase. Therefore, take advantage of this moment to convince potential buyers to finalise the transaction. This can be achieved by:
Additionally, the transaction finalisation stage (also known as generating sales leads) allows you to gather additional customer information that can be used in the future for better personalization of offers and maintaining contact with the buyer. In this case, at this stage, it's also worthwhile to invite users to subscribe to the newsletter or follow the company's profiles on social media.
It might seem that the sales funnel ends with making a purchase. In traditional terms, this is true. However, in times of growing competition, it's worth expanding it to another stage: building customer loyalty. In this approach, post-sales activities are crucial—everything that ensures the customer regularly visits your platform. What actions should be taken for this purpose?
Although the sales funnel allows for a clear division of the plan into stages, you must be aware that certain actions should be continuous and aimed at customers at every stage of the sales funnel. An excellent example of such an area is content marketing, creating valuable content. Properly created content can interest both individuals in the top part of the funnel and those at the bottom.
When creating the funnel, it's also essential to remember to adopt the perspective of the online store. While the sales funnel reflects the buyer's steps, it includes actions and aspirations of company employees who ensure the building of a potential customer base. This approach distinguishes this method from the broader concept of the buyer's journey, which concerns the general purchasing need and considers only the buyer's perspective.
Visualising the sales funnel should be one of the essential tools to make your online sales more effective. Monitoring each stage allows for ongoing improvements, enabling a larger number of people to move to the final stages of the funnel, not only completing purchases but also regularly returning to the e-store in the future. Although there is no one effective way to build a funnel, this article equips you with practical tips to create a personalised version of this method. Don't wait; take action now to maximise your sales!