Sales Funnel
The entire sales process as a whole. https://getsling.com/blog/business-terms/
A model that illustrates the journey that a potential customer goes through from initial awareness of a product or service to making a purchase decision. It’s called a “funnel” because the number of potential customers decreases as they move through each stage of the funnel. The stages typically include awareness, interest, consideration, and decision, and the goal is to convert as many potential customers as possible into actual customers.
An example of a sales funnel in business coaching could be a coach working with a business to develop a structured process for guiding leads through the sales cycle. The coach may help the business to identify their target audience, create a lead magnet or incentive to attract prospects, and develop a series of touchpoints for nurturing and converting leads. This could include creating content, sending targeted emails, and providing valuable information and resources to build trust and credibility with prospects. By implementing a well-designed sales funnel, the business can streamline their sales process, increase conversion rates, and maximize revenue from their customer base.
Sales Funnel DEFINITION:
Sales Funnel QUOTE:
1."Sales funnel: the fancy way of saying 'we hope people will give us money if we bother them enough'." 2."The sales funnel is like a traffic jam. You just keep inching forward until you reach your destination, or give up."