Marketing Funnel: The Basics You Need to Know To Create An Ecommerce Empire

Marketing Funnel: The Basics You Need to Know To Create An Ecommerce Empire
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A marketing funnel is a visual representation of how potential customers move through your marketing process. It’s a useful way to measure your business’s success and see where you could make improvements. The marketing ecommerce funnel can be broken down into five main stages: awareness, consideration, conversion, referral, and retention. This blog post will break down the basics of what each of these terms mean, how they work together to create a successful business, and how you can incorporate them into your own ecommerce operation.

Awareness Stage

The awareness stage is about capturing your target market’s attention and letting them know that your business exists. This is the first step in the marketing ecommerce funnel, and therefore the most important. If you fail to attract the attention of potential customers, you can’t expect them to move on to the next stage in the funnel. Awareness campaigns can take many forms, but they all have the same goal: to let potential customers know that your business exists. There are many different ways to achieve this, but they can all be categorized as either owned media or paid media. 

Owned media is essentially free advertising, such as putting a logo or advertisement on your website, putting up a billboard in your local area, or getting your product listed in a directory.

Paid media, on the other hand, requires monetary investment. Paid media is often what people think of when they hear the term “marketing.” This is because paid media typically involves an investment from the business’s end.

Consideration Stage

The consideration stage is essentially the “decision process” for your customers. Depending on your industry, this may be a very long process, or it may be very short. Regardless, it’s important to understand that this is not the time to try to sell your product. It’s important to remember that you’re trying to turn one-time customers into repeat buyers. This means that you have to establish a relationship with them first. You have to earn their trust, and you have to let them know that you’re an authority in your field. You can do this by providing content that helps your customers make an informed decision. You can write reviews, create helpful how-to guides, or answer common questions using visuals. You can also host webinars to answer any questions your customers may have about your product or service.

Conversion Stage

The conversion stage is where you try to turn visitors into customers. The most important thing to remember about this stage is that your visitors are still skeptical. They don’t know you, and they haven’t made the decision to buy from you yet. At this point, you have to offer something of value. You have to make a strong offer that gets your customers to take action. 

This can be anything from offering free shipping, to a free gift with purchase, to a heavily discounted item. There are tons of different types of offers that can help you to increase conversions. The important thing is that you have a conversion goal and that you keep track of your conversion rates. This will help you to determine which offers are working and which ones aren’t.

Referral Stage

The referral stage is all about getting your customers to share their experience with your business with other customers. This is one of the best ways to not only increase your business’s bottom line, but also the number of repeat customers you get. There are several ways to encourage your customers to speak positively about your products or services. 

  • You can offer rewards for those who refer their friends to your business.
  • You can also provide incentives for people who leave positive reviews on your website or products.
  • Finally, you can use social media to interact with your customers and get them to talk about their experience.

Retention Stage

Finally, the retention stage is all about retaining your customers and getting them to come back for more. There are a few things you can do to encourage this. First and foremost, you have to offer top-notch customer service. Your customers have to feel like they’re important. They have to know that they’re a priority regardless of how many orders they’ve placed or how much they’ve spent on your products. You can also encourage your customers to come back by offering discounts, free shipping, and gift with purchase items.

How to Measure Your Marketing Ecommerce Funnel’s Success

There are a few ways that you can measure the success of your marketing funnel. 

  • One way is to track the number of people who come to your website, the number of people who sign up for your email list, and the number of people who make a purchase. 
  • Another way is to track your conversion rates. You can do this by keeping track of the number of people who visit your website and the number of people who make a purchase.
  • A third way is to track how much profit your business is making. This can be done by tracking the overall sales of your business and the overall profit your business is making.

Creating an Effective Marketing Funnel

Now that we’ve covered all of the basics, let’s talk about how to create an effective marketing funnel. 

  • The first step is to create a marketing plan. This can be as simple as making a list of actions you want to take to promote your business. It can also be as complicated as creating a flow chart that shows all of the different parts of your business and how they work together. 
  • Then, you need to prioritize the items on your list. You need to decide which items are most important and which ones can be put off until later. 
  • Finally, you have to follow through with your plan. Put your ideas into action. Make sure that they’re working, and make sure that you’re making adjustments as necessary.

Conclusion

Marketing ecommerce funnels are a great way to visualize the different steps that customers go through when making a purchase. They help you to identify areas where you can improve your marketing strategy and make more sales. This is why it’s important for every business to create an effective marketing funnel.

December 10, 2021
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October 6, 2022
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