1. Awareness Funnel
The Awareness Funnel, also known as the Top of the Funnel (TOFU), is focused on attracting and capturing new leads.
How It Works:
- Lead Generation: Use content marketing (blogs, videos, eBooks) and paid advertising (Google Ads, Facebook Ads) to generate interest.
- Lead Capture: Implement lead magnets like free downloads or webinars to collect contact information.
- CRM Activity: Store new leads in the CRM, and use lead scoring to prioritize them for further nurturing.
Example: A marketing team uses a CRM to capture leads from a free eBook download and automatically enrolls them in a targeted email sequence to educate them about their services.
2. Interest Funnel
The Interest Funnel, or Middle of the Funnel (MOFU), focuses on nurturing leads and building trust.
How It Works:
- Lead Nurturing: Send personalized email campaigns, engage with leads on social media, and offer free trials or demos.
- Segmentation: Segment leads based on their interests and behavior to tailor your communication.
- CRM Activity: Track engagement levels (e.g., email opens, clicks) and adjust nurturing strategies accordingly.
Example: A SaaS company uses CRM to send a series of educational emails about their software’s features, based on the lead’s interactions with previous content.
3. Consideration Funnel
The Consideration Funnel, or Bottom of the Funnel (BOFU), is aimed at converting leads into paying customers.
How It Works:
- Conversion Strategies: Offer personalized proposals, discounts, or limited-time offers to encourage purchase decisions.
- Follow-Up: Use CRM to manage follow-up communications and address any objections.
- CRM Activity: Track deal stages and set reminders for follow-ups to keep the sales process moving smoothly.
Example: An eCommerce business uses CRM to send personalized discount codes to leads who have shown interest in specific products but have not yet purchased.
4. Decision Funnel
The Decision Funnel focuses on finalizing sales and closing deals.
How It Works:
- Proposal Management: Send customized proposals or quotes based on lead’s needs.
- Deal Closing: Manage negotiations and handle any last-minute objections.
- CRM Activity: Monitor deal stages, generate contracts, and finalize sales.
Example: A B2B company uses CRM to manage and track the final stages of a sales process, ensuring all necessary steps are completed for closing the deal.
5. Post-Sale Funnel
The Post-Sale Funnel is designed to retain customers and encourage repeat business.
How It Works:
- Customer Retention: Implement loyalty programs, upsell or cross-sell opportunities, and send personalized follow-up messages.
- Feedback Collection: Gather customer feedback to improve products and services.
- CRM Activity: Track customer satisfaction and manage follow-up tasks to maintain strong relationships.
Example: A subscription service uses CRM to automate post-purchase follow-ups, send personalized recommendations, and offer loyalty rewards to enhance customer retention.
6. Referral and Loyalty Funnel
The Referral and Loyalty Funnel focuses on encouraging existing customers to refer new leads and participate in loyalty programs.
How It Works:
- Referral Programs: Track and reward customer referrals.
- Loyalty Programs: Manage and promote customer loyalty rewards.
- CRM Activity: Use CRM to track referrals, manage loyalty points, and automate rewards distribution.
Example: A retail store uses CRM to manage a referral program, automatically sending rewards to customers who refer friends and family.
7. Event and Webinar Funnel
The Event and Webinar Funnel is tailored for organizing and promoting events to generate and nurture leads.
How It Works:
- Event Management: Track registrations, manage attendee communication, and send reminders.
- Post-Event Follow-Up: Engage attendees with follow-up emails and offers.
- CRM Activity: Capture attendee data, track engagement, and analyze event performance.
Example: A tech company uses CRM to manage webinar registrations, send follow-up surveys, and track leads generated from the event.
8. Customer Feedback Funnel
The Customer Feedback Funnel is focused on gathering and utilizing customer feedback to enhance marketing strategies.
How It Works:
- Feedback Collection: Send surveys and collect feedback post-purchase or post-interaction.
- Analysis: Analyze feedback to identify areas for improvement.
- CRM Activity: Store feedback in the CRM, track satisfaction scores, and act on insights.
Example: A restaurant chain uses CRM to send satisfaction surveys after each dining experience and uses the feedback to improve service quality.