Difference between revisions of "Funnel"

Revision as of 20:39, 26 October 2021

Sales Funnel is a Term describing the visual representation of the journey a prospect or lead makes to become a customer (or exit the funnel before becoming a customer). It provides sales teams insights where action is required achieve their quota and/or the overall sales plan.

The Sales Funnel typically comprises of 3 stages:

Top of Sales Funnel - the awareness stage is where leads are identified and contacted,
Middle of Sales Funnel - the consideration stage is where leads are qualified and become prospects,
Bottom of Sales Funnel - the decision stage is where the sale is made and prospects become customers

Hierarchy

ID	Name	Level	x
Funnel	Sales Funnel	1	Funnel
TOFU	Top of Sales Funnel	2	TOFU
MOFU	Middle of Sales Funnel	2	MOFU
BOFU	Bottom of Sales Funnel	2	BOFU

Process(es)

ID	Name	Level	x
S	Sell	1	S
C	Contract	1	C

Term(s)

ID	Name	x
BANT	BANT Qualification Framework	BANT
BOFU	Bottom of Sales Funnel	BOFU
KYC	Know Your Customer	KYC
MOFU	Middle of Sales Funnel	MOFU
TOFU	Top of Sales Funnel	TOFU

Sales Funnel 0 1 Sales, Funnel, Leads, Qualified Leads, Opportunities, Customer, Conversion, a term describing the visual representation of the journey a prospect or lead makes to become a customer

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 [[Category:Term]][[Category:Sales & Support]]