A sales funnel is a tool used by businesses to track and measure their sales pipeline. It is a visual representation of the stages of your sales process, from initial contact with a potential customer to conversion into a paying customer. You can have a peek here to get the high converting funnel services.
The sales funnel allows businesses to see where their potential customers are in the sales process, and how many prospects they have at each stage. This helps businesses focus their resources on converting more prospects into paying customers.
The typical sales funnel has four stages: awareness, interest, decision, and action. The first stage, awareness, is when the potential customer becomes aware of your product or service. The second stage, interest, is when the prospect expresses interest in your product or service. The third stage, decision, is when the prospect decides whether to purchase your product or service. The fourth and final stage, action, is when the prospect takes action and becomes a paying customer.
Your sales funnel doesn’t have to be limited to these four stages – you can add additional stages if necessary. For example, you could add a fifth stage for post-purchase follow-up or a sixth stage for upselling and cross-selling opportunities. However, most businesses will find that the four-stage model covers all of their needs.