It may sound obvious, but often an organization may forget that only customers can buy money. And the easiest way to purchase customers is to have successful sales Funnel Mode .
A selling funnel is a number of steps by which you direct a prospect through a series of interactions that lead to your purchase.
Yet after the first sale, what happens? Existing customers are the most likely people to buy from you.
How do you operate a sales funnel?
At the top of the funnel, you have it free of charge to obtain contact details from a prospect. It could be a text, video checklist, or eBook. You then start ads, e-mails and other correspondence to seek and sell.
You should have many deals that complement each other during your sales funneling process. For starters, you take it for a free test drive before you buy a car. When you like the car and buy it, the dealer doesn’t just give you the keys and leave. Extended car warranties, upgrades such as taping and tire options are offered.
Within a few months, the salesperson will get in touch with you to decide whether your new car is satisfactory and let you know about a discount or a deal. In addition, offers for trade-in your vehicle will be in contact with you and the sales cycle begins.
How many rates in the cycle of the sales funnel?
As you can see from the example above, in a sales funnel there can be several different rates. A single level funnel is where you move on to the next opportunity after a customer buys from you.
Yet this is a serious mistake.
A new customer costs 6 to 7 times more than having a current customer. It is better to target someone who has already bought one of your items instead of trying to persuade new people to purchase your services. An existing customer knows you and your business already. When they get outstanding value out of you, they’re more likely to spend money with you than someone who’s never heard of you.
No “ideal number” of sales funnel rates are present. Every business, product and service is different. Be sure that you always give your prospects and clients the opportunity to better their lives or fix their issues in potential purchases from you.
When your customers hit the backside of your retail funnel, they took you not only to your free presents, free useful material but also to your simple product or service and enjoyed it so much that they are willing to buy more from you.
While it is true that only a small percent of people reach your front, claim 1-2 percent of the total number–finish in the back end. This is all right because few of these individuals can spend a much larger amount of money. You can see that while products and services on the front end can cost less than $100, products and services on the back end are usually cost in the hundreds or thousands. This means that the back end and bottom of your sales funnel are the main source of revenue for your Internet company and the most stable and strong sector in this sales process.