How Small Businesses Can Leverage Funnels and Pipelines for Maximum Benefit

Maximizing Your Benefits with Funnels and Pipelines

What is the difference between a marketing funnel and a sales pipeline? And how can you set up both to maximize your benefits? To answer these questions, we interviewed David Holland—an expert in digital marketing and business strategy. Here’s what he had to say. 

What is the Difference Between a Funnel and Pipeline? 

According to David, “A marketing funnel is a visual tool that helps marketers understand how their potential customers move through the customer journey. It is divided into several stages such as awareness, interest, consideration, conversion, etc. A sales pipeline on the other hand is a visual representation of opportunities throughout each stage of the sales process. The stages may vary depending on the industry or product being sold. For example, a typical sales pipeline may include lead generation, qualification, contacting prospects, making offers or proposals, closing deals and follow-up.” 

How Can You Set Up Each for Maximum Benefit? 

David goes on to explain that “The key to setting up both funnels and pipelines for maximum benefit lies in understanding your target audience and their needs. Once you have identified who you are targeting with your products or services you can then tailor your funnel or pipeline accordingly. This means creating content that resonates with them at each stage of their customer journey or purchase process from initial discovery through to conversion.” 

What Strategies Should Marketers Use? 

David also recommends using segmentation strategies when setting up funnels and pipelines as this will help you create more targeted campaigns that are tailored for different types of customers or prospects. Additionally he stresses the importance of testing different channels to determine which ones yield the best results for your business such as email campaigns versus social media advertising versus pay-per-click campaigns etc. Finally he suggests measuring results so you can track progress over time and adjust strategies as needed according to performance trends. 

Conclusion

Having an effective funnel and pipeline strategy can make all the difference when it comes to increasing conversions for any business. As David explains, it is essential to understand your target audience first in order to create content that resonates with them at each stage of their customer journey or purchase process from initial discovery through to conversion. Additionally it pays off to use segmentation strategies along with testing different channels in order to determine which ones yield the best results for your business while tracking performance over time so adjustments can be made as needed. By following these steps outlined by David Holland any marketer will be well on their way towards maximizing their benefits with funnels and pipelines!

Hello!

Nice bloke with practical ideas. Former Procter & Gamble, Kraft and IBM sales and marketing executive. Became a business owner 20 years ago. Started multiple businesses including EXELA which is the most successful Keap® & Infusionsoft™ reseller in the EMEA region.

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