The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

The Entrepreneur's Forum for learning how to build wealth and financial freedom the Fastlane way!

Say "NO" to mediocre living rife with jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence. Join our forum with more than 70,000 entrepreneurs who are making it happen.
Join for FREE Today
Get the books
Remove ads? Join Fastlane INSIDERS
(Registration removes this block)
Marketing, social media, advertising

Argue

Gold Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Oct 1, 2016
645
2,454
31
NYC
eCKIsmK.png


Getting Started
The funnel is a tool designed to turn visitors into customers. The visitor goes through a series of steps that lead them to take action. Learning the basics of the funnel will help your online business with conversions.

The Funnel
IMMl2Zg.png

There are typically 5 parts to the funnel.
  • Awareness
  • Acquire
  • Convert
  • Retain
  • Refer
The Awareness Stage
Here is where we make potential customers aware of our brand, product, or service.
  • Examples On How To Build Awareness
    • Create blog content around customers needs.
    • Improve your website's SEO.
    • Post relevant content on social media.
The Acquire Stage
The goal here is to generate leads.
  • Examples On How To Acquire Leads
    • Provide content in exchange for a user's email address.
    • Run paid ads on Google and Facebook.
    • Get the user to create a new account at checkout.
The Convert Stage
At this part of the funnel, the goal here is to persuade customers to buy your product, service, or brand.
  • Examples On How To Convert Customers
    • Decrease the number of questions on a form.
    • Optimize your lading page design.
    • Add a pop-up with an offer before the visitor leaves your site.
The Retain Stage
Here is where we get customers to continue using our product, service, or brand.
  • Examples On How To Retain Customers
    • Create email marketing campaigns over 3 months to educate or inform the customer.
    • Create a video series that help customers understand your product.
    • Offer discounts to repeat customers.
The Refer Stage
Here is where we get current customers to help promote our product to their friends.
  • Examples On How To Get Customers To Refer
    • Email existing customers with a referral percentage deal in exchange for a new customer.
    • Use social media features, like a facebook share button.
    • Customer receives 10% off their next order every time their friend clicks on their referral code.
Summary
In general, this is what the funnel looks like. The customer follows steps through the funnel to ultimately buy your product. Remember, the funnel is different for every business. Using the funnel will help you with your goals to get new customers.

:clap::
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Maxboost

Silver Contributor
Read Unscripted!
Speedway Pass
Apr 4, 2016
403
855
42
thanks I needed this
 

Late Bloomer

Gold Contributor
Read Fastlane!
Speedway Pass
Apr 17, 2018
950
1,349
I knew about this, but it's new to some people... and always worth a discussion. Thanks for the post.

Perfect example of how successful business is a process, not an event. People aren't interested in the true story of trial and error to improve the metrics on each phase of the funnel. They only want the excitement that somehow, customers magically showed up!
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Argue

Gold Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Oct 1, 2016
645
2,454
31
NYC
I knew about this, but it's new to some people... and always worth a discussion. Thanks for the post.

Perfect example of how successful business is a process, not an event. People aren't interested in the true story of trial and error to improve the metrics on each phase of the funnel. They only want the excitement that somehow, customers magically showed up!
Thanks for popping in @Late Bloomer. I 100% agree.

Process always > event.
 

Argue

Gold Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Oct 1, 2016
645
2,454
31
NYC
Bump.
 

Maxboost

Silver Contributor
Read Unscripted!
Speedway Pass
Apr 4, 2016
403
855
42
Any reading materials for more info?
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

BlackMagician

Gold Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Jul 18, 2018
476
1,004
Mumbai, India
Good question. I’ll share some later. Thanks.
Thanks for the information. Learned something valuable.

can you provide more information to read?
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Xeon

All Cars Kneel Before Pagani.
Read Fastlane!
Read Unscripted!
Speedway Pass
Sep 3, 2017
2,020
4,018
Singapore
Thanks for the information. Learned something valuable.

can you provide more information to read?

Dotcom secrets ebook has a lot of details on funnels etc.

@Argue Can we use paid ads such as FB/Google in the Awareness stage?
 

jcvlds

JC
FASTLANE INSIDER
Read Fastlane!
Read Unscripted!
Speedway Pass
Jul 9, 2016
222
247
Mexico > Texas > Florida
Dotcom secrets ebook has a lot of details on funnels etc.

@Argue Can we use paid ads such as FB/Google in the Awareness stage?

I would say you can.

You could position and present the ad as answering a common question/pain point by your audience for which your product will eventually help solve that problem.

Brainstorm over deep questions that dig deep and cause your audience to become ‘Aware’ that they are experiencing that pain point and perhaps they hadn’t even realized it or thought about it.

If the ad’s sole purpose and goal is to get the viewer to become aware of the problem, then make sure to use re-targeting to then present those people who are now aware with another ad that will walk them through the other stages in their buyers journey.


Sent from my iPhone using Tapatalk
 

c.dream87

New Contributor
Read Fastlane!
Dec 1, 2016
39
16
35
eCKIsmK.png


Getting Started
The funnel is a tool designed to turn visitors into customers. The visitor goes through a series of steps that lead them to take action. Learning the basics of the funnel will help your online business with conversions.

The Funnel
IMMl2Zg.png

There are typically 5 parts to the funnel.
  • Awareness
  • Acquire
  • Convert
  • Retain
  • Refer
The Awareness Stage
Here is where we make potential customers aware of our brand, product, or service.
  • Examples On How To Build Awareness
    • Create blog content around customers needs.
    • Improve your website's SEO.
    • Post relevant content on social media.
The Acquire Stage
The goal here is to generate leads.
  • Examples On How To Acquire Leads
    • Provide content in exchange for a user's email address.
    • Run paid ads on Google and Facebook.
    • Get the user to create a new account at checkout.
The Convert Stage
At this part of the funnel, the goal here is to persuade customers to buy your product, service, or brand.
  • Examples On How To Convert Customers
    • Decrease the number of questions on a form.
    • Optimize your lading page design.
    • Add a pop-up with an offer before the visitor leaves your site.
The Retain Stage
Here is where we get customers to continue using our product, service, or brand.
  • Examples On How To Retain Customers
    • Create email marketing campaigns over 3 months to educate or inform the customer.
    • Create a video series that help customers understand your product.
    • Offer discounts to repeat customers.
The Refer Stage
Here is where we get current customers to help promote our product to their friends.
  • Examples On How To Get Customers To Refer
    • Email existing customers with a referral percentage deal in exchange for a new customer.
    • Use social media features, like a facebook share button.
    • Customer receives 10% off their next order every time their friend clicks on their referral code.
Summary
In general, this is what the funnel looks like. The customer follows steps through the funnel to ultimately buy your product. Remember, the funnel is different for every business. Using the funnel will help you with your goals to get new customers.

:clap::

Thank you
I have a small company of craft bags, I can not convert people who follow me on fb.
Maybe I'm wrong...
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

ZeroTo100

Silver Contributor
Read Fastlane!
Speedway Pass
Feb 2, 2016
361
641
New York City / New Jersey
Thanks for sharing.

What’s the purpose of the funnel?

If it’s ok, I’d like to add...

A lot of marketers go straight for the kill...Drive ads straight to a lander..I’ve done this too but it’s not the best way to go about it. I think there are better strategies and they include nurturing your relationships. One of the biggest ingredient in conversion (I don’t care who you are) is simply getting people to trust you. If they say hey, this is something for me...the next thing they are going to ask is “Is this person full of shit or can I trust them,” or vice versa.

Do you use a funnel approach throughout the entire content creation process on your site or just to sell a specific product or collect leads?

The stages of my funnell would look something like this...

I like to add additional layers to the funnel

Cold > Warm > Awareness> Interest > Consider > Purchase

OR

Attention > Awareness > Interest > Desire > Action

Depending on what my traffic plan is to get people into the funnel.

I would never send paid traffic directly to an option or an interest page.

It might even be a good idea to research some topics and write up a content plan for the funnel.
 

ZeroTo100

Silver Contributor
Read Fastlane!
Speedway Pass
Feb 2, 2016
361
641
New York City / New Jersey
Thanks for sharing.

What’s the purpose of the funnel?

If it’s ok, I’d like to add...

A lot of marketers go straight for the kill...Drive ads straight to a lander..I’ve done this too but it’s not the best way to go about it. I think there are better strategies and they include nurturing your relationships. One of the biggest ingredient in conversion (I don’t care who you are) is simply getting people to trust you. If they say hey, this is something for me...the next thing they are going to ask is “Is this person full of sh*t or can I trust them,” or vice versa.

Do you use a funnel approach throughout the entire content creation process on your site or just to sell a specific product or collect leads?

The stages of my funnell would look something like this...

I like to add additional layers to the funnel

Cold > Warm > Awareness> Interest > Consider > Purchase

OR

Attention > Awareness > Interest > Desire > Action

Depending on what my traffic plan is to get people into the funnel.

I would never send paid traffic directly to an option or an interest page.

It might even be a good idea to research some topics and write up a content plan for the funnel.

I’d also like to note that “warm” traffic is very important. It’s measurable data and can help with determining audience segments and demographics for the purpose of getting new traffic or even who to send paid ads to. If you already have built content and some of your warm traffic is moving down the funnel, that is measurable data. Where will you go to continue to get new people into your funnel? You can’t waste money finding out but if you are pulling data, you can go to groups, forums, Facebook and IG pages and target those segments.
 

eTox

Expect success, but prepare to fail.
Read Fastlane!
Speedway Pass
May 21, 2016
473
652
Toronto
Bump.

Can anyone share good resources on learning sales funnels for single products?

Thanks!
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Black_Dragon43

Platinum Contributor
FASTLANE INSIDER
Read Fastlane!
Speedway Pass
Apr 28, 2017
1,279
3,529
Eastern Europe
Can anyone share good resources on learning sales funnels for single products?
Not meaning to toot my own horn, but my course on sales funnels is probably the best resource you can find out there. Learning + templates to start applying right away. Reading that thread alone will probably be a ton of free value for you.

I've built and sold funnels for as much as 20K for a single funnel, and I've made a ton of money doing it. Am still making, it's the core competency of my agency.

Apart from my course, you can try to get Russell Brunson's books:
• DotCom Secrets
or
• Expert Secrets

They are quite theoretical and general, not very systematic but they are good at what they teach. It gives you a solid foundation, and unlike my course, they are just like $9 or so. (my course is at $197 sometimes discounted to $97).
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

Latest Posts

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Must Read Books...

Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore
Top