How do you create and optimize the Conversion Funnel to get Peak Performance

Jul 6, 2022

Remember the last time you gave into that craving to indulge in a whole bag of chocolate chip cookies. or that tub of frozen ice cream. And that pizza. You were actually in an conversion funnel (or or, at the very least, the craving funnel).

It was that moment in time that ignited your desire. Perhaps it was an online advertisement or photo in someone's social feed. Maybe it was an email from a friend to you. Whatever the reason, it triggered... something... in you.

You may have debated for a few minutes. Is it really necessary to have the snack? You even considered a few alternatives that are healthier. Perhaps you could grab a bite of fruit instead? You're well past that point. It's impossible to scratch that itching. Then, before the blink of an eye, you'll be in the middle of your favourite treat.

In the event of making an purchase, the exact steps apply. There's a point at which you become aware of an need, a method through which you research and consider your options and then pull the trigger whether that's eating your guilty pleasure food or making a purchase through the online store.

The same goes when it comes to enrolling students in your online courses. They are going through a process of transitioning from being a naive lead to a receptive customer. If you can better understand that journey, the better you'll be able to guide them towards the final goal of conversion.

What exactly is a funnel for conversion?

Whether you know it or not, as an online-based business it is likely that you have a conversion funnel. For all you know, someone will sign up to take your course!

A conversion could be any action a customer takes on your site. Most often, it's a transaction - you want someone to pay for your course by way of example. It could vary including signing up to a monthly newsletter to taking a test run for free. Chances are, you have many different kinds of conversions that you can use on your website Each with their particular set of requirements.

The word funnel is used to describe what customers experience when they are guided from point A to point B (or C or D) beginning with the first step to the final action. The metaphorical funnel can't hold everything that pours through. As you move closer towards the bottom, the fewer people are able to pass through. It's OK because every course isn't the best suitable for all!

Conversion funnels are typically split into three phases, starting with a wider number of leads, and gradually decreasing to converters that are active:

  • The top of the page: Customers in need of a solution are beginning their hunt to find a solution
  • The middle Users who would like to understand more about HTML0, and narrow their choices
  • The bottom line: customers who have the capacity to purchase, register, download or subscribe

Those are the broad strokes however, you'll have take into account the more specific details as well. In the end, the user journey doesn't follow a linear common to all people They join at various locations, have various motives, and have the different factors.

And then, you have there are a myriad of small-scale changes that you can weave into the overall customer journey. For example, a micro-conversion like downloading an ebook could lead to the ultimate purchase of a course.

Why does conversion funnels are important?

The ultimate goal of mapping, analyzing and optimising your funnel to convert is easy to increase conversions!

If you take a close review of your clients and their purchasing habits (or to download, or sign-up), you can make certain that each step of the journey is as seamless as possible:

  • Optimizing your website at the top of your funnel for conversion can aid in getting more clients to engage with your company.
  • Optimizations at the bottom of your conversion funnel could help reduce friction during the purchase procedure.
  • Optimizations after purchasing can be helpful to maintain customers for the course of time.

An examination of the process of conversion can reveal which customers drop out of your customer experience, when it happens, where it occurs and why. This can highlight key issues in your customer's experience, be it an application that is too complicated or confusing to finish, or messaging that just isn't hitting the right note.

Although it's useful across the board to understand how your customers move through their interactions with you, it's particularly useful forthe following reasons:

  • Marketing improvements: Reach customers in the appropriate methods using the appropriate messaging for their specific stage in the process. Conversion funnels are a great way to identify qualified customers sooner in the process. They help you know the customer's motivations, context and preferences, which will allow you to concentrate on certain customer segments with the most efficient channels by providing relevant contents at the perfect time.
  • Process improvements: Smooth out any areas that cause customers to encounter roadblocks. Conversion funnels can be a great method to identify the processes that are too complicated, have many steps, can be confusing for customers, consume too long, or are hard to complete. Once you know where customers may be getting stuck and how to fix them, you'll be able to eliminate any obstacles to keeping the flow going.
  • Changes in product features: What's driving people off, the item or the description? If your product isn't equipped with sufficient features that will satisfy the needs of your clients (or when your program doesn't provide the information learners want to know), then your customers may drop out of your channel eventually. It might be an opportunity to tweak what you offer and/or launch something fresh that is exciting!
  • Support improvements: Understand the way your customers interact with you expert support team. If your support agents frequently get the same set of inquiries about the process of certification, for instance, you could make use of this information to integrate the answers directly to their interactions with your website and save prospective customers from the inconvenience of calling or emailing.

What's the end-product? Gathering more qualified leads Spending less time wooing people who aren't likely to buy your product or services, spending budget at the best places as well as increasing loyalty.

What is the look of a funnel that converts?

Your conversion model might be simple - there are three steps in your "customer journey" You're students. Based on the nature of your structure and the duration of your sales cycle it might be beneficial to become deeper into your thinking about the journey of the customer.

Let's take a look at the top conversion funnel models, from simple to complex:

  Awareness -> Consideration > Conversion  

This model is simple and cuts the funnel of customers down to its essentials. It's ideal for quick sales cycles with single purchases as the ultimate goal.

Simple Conversion Funnel  (1)
  • The awareness of your customers is they are aware that you and your products exist. This is when you make the first impression, and then entice them to learn more about you.
  • Take into consideration  The customer researches the options available to solve the issue they're facing.
  • Conversion: The customers are aware and ready to take a choice. Now's your chance to persuade the customers that your company is the best choice.

  Awareness -> Consideration -> Conversion -> Loyalty -> Advocacy  

The model provides more detail to the three-step funnel for conversion, with greater emphasis given to the process of clients and filling the funnel with higher-quality leads from your top fans. The two added steps go like this:

  • Loyalty  customers keep coming back due to the fact that you remain in contact with them and offer discounts
  • Advertising : Happy customers are more than willing to recommend your courses or services within their own network which will bring you additional customers on top of your sales funnel.

  Pirate Metrics AAARRRR  

"The Pirate Metrics Model", or "AAARRRR" can be described as an acronym that describes a set of five metrics of user behavior that businesses that focus on product development should pay attention to, and measure. It was developed through Dave McClure, a Silicon Valley investor. McClure realized that many start-up businesses were distracted by superficial metrics including likes and shares on social media. He wanted to create a model that would enable businesses to keep the focus of the metrics that indicated the business's health.

  • awareness: describes how clients are becoming aware of the organization
  • Acquisition Describes the desired steps that customers take while interacting with your company.
  • Activation: describes the client taking the desired actions with your business
  • Retention Describes when customers continue to engage with your company, product and services
  • Revenue Describes the potential revenue that customers are willing to pay for your services or products.
  • Referral Describes customers who enjoy your product or products enough to suggest the product to other people

  TOFU/MOFU/BOFU  

The TOFU, MOFU as well as the BOFU purchase funnel breaks down the buyer's journey into three stages: Awareness, Consideration, and finally, a decision.

The Top of the Funnel (TOFU): Describes the "top of funnel" customers that are still in the stages of awareness. In this phase of their journey, the customer is conducting research and searching for the answers. The goal is to increase their awareness of your company, and to earn the trust of your customers.

Middle of Funnel (MOFU): Describes an area of "middle of the funnel" clients who are aware of their problem and have begun to research various solutions available. During this stage, your goal should be to give your customers the most information possible about your business, services and products to assist them make a decision.

The Bottom Of Funnel (BOFU) describes what is known as the "bottom of funnel" customers who are highly competent leads and close to conversion. When you are in this phase, your goal should be to give your clients an incentive to convert.

  Attention -> Interest -> Desire -> Action  

The model is known as the AIDA method, the approach has been in use for more than 100 years. It offers more insights into the mind of the consumer in an opening in the middle, as they move toward the bottom.

  • Attention: Much like the initial phase of the previous model, this is where your customers first hear about the business you run or a program that you offer.
  • Interest: Students become interested in you after realizing that your program might meet the needs of their students. They're eager to find out more.
  • desire  customers feel the connection is positive as they are informed about the benefits you can give them, as well as how you're different from rivals.
  • Step : Customers are eager and willing to do transactions together with your company.

  Awareness > Interest Desire -> Conversion> Retention  

It's the AIDA model, while popular and long-lasting however, it is often criticised because of its lack of post-funnel foresight. After all, it's 60-70 percent more likely sell your products or offerings to an existing client rather than a new one. Customers who are already customers are more likely to explore new offerings offered by them, as well. This version adds a final step to ensure that happy customers keep coming back as well as increase overall customer lifetime value.

  • Keep in mind  Once you have converted, customers are satisfied and want to learn more about other courses or products you offer.

Customers Awareness Stages

A reference to Eugene Schwartz' copywriting classic "Breakthrough Advertising".

Unaware: Customers that are unaware of problems, and not even close to thinking about solutions. In the case of a YouTube channel, for example, a person creating a youtube channel might not know how long it takes to build sufficient followers on social media platforms to earn through advertisement revenue. In this case, targeting these customers with solution/product-aware content that shows them how digital products can help them monetize a small following won't resonate.

The customers know about the issue they face, but have yet to become aware of solutions. As an example, a brand new YouTube channel has just gotten started, but the uptick isn't at all the speed they had hoped for. They are conscious of this issue, but are not yet certain of the solution.

Solution Aware Conscient of the issue and solutions available, but may not be aware of the products that can help them.

Customers who are aware of the product are aware of the issue as well as the available solutions, as well as the various items and services available in the market. They're taking into consideration diverse benefits offered by products and weighing them against their specific needs for making a buying decision. It is important to "make a case" in favor of your products to this particular customer.

Most aware: These customers know your product, and only needs to know what's included if they purchase.

What do you need to know about creating an effective funnel for conversion?

Before we go any further we should make a quick reference: your conversion funnel is about how you draw - rather than push customers one step to the next. You aren't forcing them down the buying path, but rather it's about attracting them. It's like a carrot and not an object.

All good? Now let's go through how to make one.

  Lay the groundwork  

1. Establish your goals. What are you hoping to gain through creating a funnel for conversion? It could be increasing your company's revenue, creating new leads, keeping clients year after year or getting the biggest value for your marketing budget. If you know what you want to gain and the better direction you'll be able to make.

3. Determine the concept of "conversion" means to you. Begin with the primary objective of your website like enrolling in a course or buying something. What actions you expect for your clients to perform should be at the base of your funnel and all of it will eventually result in it. Next, you must work backwards. Look at your micro-conversions that can aid your customers to reach your ultimate objective. These might include download of a case study as well as reading user reviews, or watching a demo video.

4. Outline customer paths. Start mapping the actions that customers will take, from their first contact to the last one, to your conversion funnel model. Because customers will come into your funnel at various locations and move through it the funnel in various (and frequently non-linear) methods, you'll need to map out some possible scenarios. There's no way to cover every possible route, but the more you can anticipate it, the more prepared you'll be.

5. Get your tools set up. It is impossible to manage what you don't measure So, make sure to have the proper tools for the tasks that you're going to monitor. Google Analytics, for example can monitor conversions on your website. The heat maps will help you determine what elements on your site attract or detract users. Marketing automation is a way to determine how many people are engaging with your messages (and in what degree). This will let you see what exactly is happening to people who move through your funnel, and how many are engaging in the actions you want them to take.

Use it in action

6. Set up your touchpoints. People rarely purchase right from the beginning They'll consume anywhere from three to seven bits of content before they reach at you. Typically, it'll take six to eight contact points before they make their decision. So you'll want to make sure you're reaching your ideal customers by providing them using the correct information at the appropriate times throughout the funnel.

7. Develop your own content. Make sure you support each step in your funnel by providing the right content to meet your customers requirements as they move throughout their journey. Each piece should clearly lead the user to a new action or call-to-action to ensure they don't get lost along the route.

For a general idea it is possible to think of the following kinds of communications in the process of buying:

The top of the funnel Make it easy for strangers to be attracted by precise messaging

  • Social media campaigns
  • Advertising campaigns
  • Blog posts
  • Video lessons for educators
  • Newsletters

Mid-funnel Interact with prospects through building interest and knowledge:

  • Email drip campaigns
  • Product catalog
  • Demonstrations
  • Free sample
  • Ebooks, guides and whitepapers

Bottom of funnel: Make customers smile with the final touch:

  • Testimonials and case studies
  • Pricing pages
  • Offers for promotion

8. Think about automation. Sequences of emails can help ensure that you are in the forefront with busy customers. As an example, you could discuss each aspect of your course in a 10-email sequence. Create email sequences that are targeted to different customer segments. Follow up once an period of time after downloading your ebook and send out new promotions.

  Optimize and analyze  

9. Crunch the numbers. When you've put your contents to the public It's time to evaluate how it's doing. The data you collect can assist you to get your leads to you faster, guide people through your funnels more effectively and uncover leaks inside your funnels where qualified leads decide not to turn into customers.

Pay special attention to:

  • Barriers to technical use such as slow loading pages or websites that haven't been designed for mobile use (especially in the event that a large portion users of your site use mobile devices).
  • Common entry points, particularly around specific customer segments. The pages must resonate with customers and should make it as straightforward to get them to the next stage.
  • Highly-traffic sites that a large number of users visit. You may have a handful of chokepoints that offer the potential to take many activities. (Imagine the Amazon product page with options to purchase, read reviews, view pictures, compare pricing, review specifications, etc. )
  • Lesser leaks that cause customers to exit the funnel prior to conversion. When you've identified which leaks you're dealing with, you'll need find out the reason these leaks occur and then address them.
  • The sources you use to determine which sources people come from. Use tactics like linking tracking in emails, social media , and online ads to see which touchpoints are working best (or are not performing at all) across different customer segments.
  • Page elements that deter users from taking the next step, or successfully entice visitors to move forward

10. Make small changes. It's tempting, however, to patch each leak in one go however, a measured and measured approach can help you pinpoint exactly the impact each change makes on your funnel to conversion. A/B testing is an excellent method to determine the impact the slight tweaks to your email newsletter or website can make prior to rolling out the changes live to more customers.

A few quick notes. Optimizing your conversion funnel isn't a one-and-done deal. This is where you really concentrate to make your user experience effortless as butter through increments and iterations.

And don't bother trying to optimize for 100 percent conversion. There is no way to make a customer funnel water-proof, or else, you could call it an 'conversion cylinder! No matter how competent and knowledgeable your clients come into the funnel, some will not be in the market today.

Conversion funnel troubleshooting

If your funnel for conversion isn't delivering the results you anticipated, one of these causes could be the cause:

  • Optimizing in the wrong places Try to plug larger leaks at the top with a high percentage of people will never be converted, regardless of what you do, can have less impact than plugging smaller leaks in the lower levels where people are committed and ready to make a payment, but then something goes wrong.
  • Many steps in the funnel. Do not let your clients jump through hurdles to make a purchase. The longer the process, the more opportunity for mistakes, confusion, or even confusion. Additionally, their time is precious and should not be wasted.
  • Then forgetting about the "after" impression - Your customer's journey does not end after they hit"shop "enroll" or "purchase" click. Engage your customers throughout your time with them. Even an automated "thank-you" message can bring smiles on a client's moment... in addition, keep customers coming back (or referring others your way ).
  • In the absence of a clear step . A funnel is about guiding consumers along a route. To do this, you'll need clear signposts, lest they get lost along the way. If you do not provide a next best action for them to take then they might give up on you altogether.
  • Blanket message - generic messages? Boring. The customers are looking to personalize their experiences - which includes the way you communicate the benefits you offer or how you present your offers. Customer segmentation can assist you in understanding what your customers are looking for and narrow down your messaging to resonate on the level of a personal touch.
  • The selling process is mapped out Conversion funnels focus on following customers through the buying process, and not forcing them to sell. If you're not able to meet the clients where they are and they'll go on to locate someone else that does.
  • One funnel to be the best of them all. The conversion funnel isn't the all-encompassing solution that works for each course you offer and every customer that comes through your door. You might need separate funnels that describe the experience of various segments of your customers as well as different offerings.
  • Not giving up on people who don't convert - Just because someone didn't take any of your classes or purchase any of your items today isn't a guarantee that they'll never take the course or purchase. You never know if they'll be in need of your services in the next month or year. Make sure you keep those leads at a comfortable temperature if they're a great match for your product and interested in the services you offer.

So what's your ideal next conversion funnel's best action?

If you came across this post, you were curious about what conversion funnels are all about. You may have heard of them already but had never dug into the depths. Maybe this is your first experience with this term that piqued your interest.

While you were reading about this topic, maybe you started imagining what a funnel to convert would be a good fit for your business. You learned about the advantages and then did some studying different strategies that are out there, as well as analyzed the case studies as well as the statistics we provided.

It was it was a perfect fit. Maybe you've been thinking about what's causing your lead generation to be lagging, or why those leads are disappearing before they click the "enroll" option.

You are now you are a convert in a funnel!

If you're unsure of which is the best next step, we'll leave you with a final piece of advice: begin by making a start with something small. Try a test by identifying a single conversion point. You should target a specific segment of customers with a high interest in your topic and a good fit for your program or products. Take note of the responses you get as you tweak it so that it is higher. Once you've become comfortable with the concept of it, test the experiment on a bigger scale.

Have fun conversion!

Are you willing to increase your conversion funnel with an online education program?