Difference between revisions of "Funnel"

Revision as of 16:46, 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 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

@@ Line 2: / Line 2: @@
 The {{this}} typically comprises of 3 stages:
-* [[Link::t:TOFU]]
+* [[Link::t:TOFU]] - the awareness stage is where leads are identified and contacted,
-* [[Link::t:MOFU]]
+* [[Link::t:MOFU]] - the consideration stage is where leads are qualified and become prospects,
-* [[Link::t:BOFU]]
+* [[Link::t:BOFU]] - the decision stage is where the sale is made and prospects become customers
 {{Object
 |name=Sales Funnel