You may have heard that the traditional marketing funnel is dead. It's true that what used to be a linear path from attracting leads and converting them into customers is now a multi-faceted process than can start and stop in various parts of the funnel. With so many key entry and engagement points and possibilities, many have abandoned the idea of a funnel entirely.
Today, in this digital age of mobile, social media, and brave new world of marketing, we're going to build a new type of funnel, one that's crafted in accordance with to your business and your audience.
Visualizing Your Digital Marketing Funnel
Put aside previous notions about how a funnel is structured, or even how it looks. Take a look at this image of a digital marketing funnel:
We can divide that funnel into three sections:
- Top of the funnel (TOFU)
- Middle of the funnel (MOFU)
- Bottom of the funnel (BOFU)
I recently read an enlightening Moz post that took that digital funnel and paired it with some lesser-known features of Google Analytics to pinpoint the specific marketing channels that are working best for businesses.
We'll be doing something similar to help you understand which avenues are bringing you the most results, and how they fit into the flow of this digital marketing funnel, will help you maximize your marketing efforts and optimize conversions. This approach builds a funnel specific to your business.
Take the first step (it's free).
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- How to Become a Data-Driven Company (Without a Data Scientist): Linda Schumacher on Marketing Smarts [Podcast]
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- A Better Way to Gauge Sales Lift: Closed-Loop Measurement
- What You Need to Know About GDPR and Data Privacy: Lisa Loftis of SAS Talks to Marketing Smarts [Podcast]
- The Marketing Metrics That Matter to the Bottom Line