How to Setup a Successful Digital Marketing Funnel in 2022?

Digital marketing has transformed how businesses and organizations engage with their customers and improved sales. With so many diverse channels for internet marketing available, the possibilities are limitless. Furthermore, a digital marketing funnel is a collection of marketing methods used to drive traffic to your business or products and retain clients.

What is a sales funnel in digital marketing?

A sales funnel represents each step a buyer must take to become your customer. As in the real world, we pour some substance into the funnel at the top, which filters to one point. Something similar happens in marketing. At the top of the Sales Funnel, assume some people come across your business or product. Not all those who enter the funnel make it to the other end. Most of them will exit the funnel without purchasing any goods or services.

How to create a digital marketing funnel?

Every sales funnel has some core elements, irrespective of your industry, products, or services. Let’s take a look at the three key parts of a digital marketing funnel:

1. Foundation

Before creating your digital marketing funnel, perform research and develop a strategy to ensure optimal effectiveness with your sales funnel. Furthermore, conducting a thorough competitor analysis, creating SMART goals, and identifying your buyer personas are crucial to the success of your funnel.

2. Floodgates

You can get traffic to your funnel from various channels, including a search engine, social media, blogs, advertisements, email campaigns, offline events, and others. Furthermore, to create traffic and become the top-performing funnel, your digital marketing sales funnel must use all of these sources.

3. Sales Funnel

Finally, we arrive at the actual sales funnel. A lead magnet, an amplification event, and a conversion event are the three components of the sales funnel. Furthermore, You can include upsells, downs-ells, gated content, and other features in your funnel depending on your goals.

Digital Marketing Funnel Stages

One of the finest ways to look at the funnel is as follows:

• Top of the Funnel (TOFU): Customers are aware of the problem and looking for a solution.
• Middle of the Funnel (MOFU): Inform customers about the available solutions and how to select the best one.
• Bottom of the Funnel (BOFU): Explain why your products/services are the best fit for them.

Furthermore, there are five main stages of the digital market funnel.

1. Awareness

Your customer becomes aware of your company or product, as well as the solution you provide to their problem. It could come from sources, such as organic search, social media posts, word-of-mouth, email, offline, a link to another website, and so on. This stage is about getting in front of your customer when they want to know about their problem.

2. Discovery

At this stage, a buyer will begin browsing a few pages on your website, consuming content, and learning more about your business or product and what it has to offer. Now is the chance to dazzle them with relevant information that helps and informs them while avoiding the hard pitch.

3. Consideration

The customer has figured out what they require by this stage. Essentially, you’ve begun to form a bond with them as well. You must now bring out the main guns and develop the relationship to ensure that you are in the running for their consideration.

4. Conversion

The conversion method can take a long time or can be done quickly. It is usually decided by what you’re selling, the price range, and the speed of your products and services to solve an issue.

5. Retention

Just after a customer makes a purchase, you’ll want to do everything in your power to ensure they become your loyal customer. It also involves customer service quality, product satisfaction, and post-sale communication.

How to optimize your digital marketing funnel?

Because of the nature of the buyer’s persona, no business can expect to convert 100% of the leads generated at the top of the funnel. Problems such as hidden prices, difficult account creation, bad checkout UX, and delivery issues are leading prospects to drop out at each point of the marketing funnel.

Furthermore, funnel optimization is a systematic strategy to conversion rate optimization that detects and resolves the issues that cause leads to abandon their cart. By optimizing each stage of your marketing funnel, you can maximize the number of customers who go forward in the consumer journey and, eventually, convert into paying customers.

• To optimize your digital marketing funnel, Try:
• The right kind of marketing funnel for business.
• Attribute actions to your marketing funnel appropriately.
• Configure event and URL tracking.
• Produce stage-by-stage reports.
• Identify and diagnose friction points.
• Fill in the gaps in the funnel by seeing them first.
• Run proper tests.

Finally, You cannot afford to overlook any stage of the digital marketing funnel. We understand that this can be overwhelming. As a result, you can hire digital marketing services that help you develop and execute result-driven funnels.

Author Bio:

MoreYeahs Inc. is one of the fastest-growing Microsoft Silver Partners. We offer a range of Software Development and Digital Marketing services to mid-sized companies and startups across the globe.