Marketing term definitions

Funnel

🎉 THe fun  definition:

Ah, the marketing funnel—the classic journey of turning a mildly interested human into a full-blown loyal customer. Picture an upside-down cone where we toss a bunch of curious onlookers into the wide top, and through all sorts of wizardry involving catchy emails and irresistible offers, we coax them down through the narrowing levels until only the truly committed emerge at the bottom, wallets in hand, singing our praises. Kind of like filtering coffee—except this time, it’s our strategy that’s brewed to perfection.

🤓 THe nerdy  definition:

In marketing, a "funnel" refers to a model that illustrates the customer's journey from awareness of a product or service to the eventual purchase and beyond. It is typically visualized as an inverted cone or funnel, with a broad top representing the initial wide range of potential customers and a narrow bottom signifying the smaller number of actual purchasers. The marketing funnel is divided into stages, often including awareness, interest, consideration, intent, and purchase, though the specific stages may vary depending on the methodology. The concept of the funnel helps marketers optimize each stage, guiding and nurturing prospects through personalized and targeted strategies to reduce drop-offs and maximize conversions throughout the customer journey.

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