MARKETING FUNNEL
A marketing funnel is a model that represents the customer's journey from initial awareness to conversion.
Marketing Funnel Stages:
1. Awareness (TOFU - Top of the Funnel)
- Potential customers become aware of the product/service.
- Goals: Drive traffic, generate leads.
2. Interest (MOFU - Middle of the Funnel)
- Customers show interest, seek more information.
- Goals: Nurture leads, build trust.
3. Consideration (MOFU)
- Customers evaluate options, compare products.
- Goals: Provide value, differentiate.
4. Desire (BOFU - Bottom of the Funnel)
- Customers develop a desire for the product/service.
- Goals: Build urgency, encourage conversion.
5. Action (BOFU)
- Customers make a purchase.
- Goals: Convert leads, drive revenue.
6. Retention (Post-Conversion)
- Customers become repeat customers.
- Goals: Build loyalty, encourage referrals.
Marketing Funnel Metrics:
1. Conversion rates
2. Drop-off rates
3. Lead volume
4. Customer acquisition cost (CAC)
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