But this funnel didn’t just deliver amazing value, it also prompted me, very softly, to enroll in David Kadavy’s premium course that delivers lessons like the ones in Design Pitfalls. Not only did the Design Pitfalls funnel give me tons of information, engaging me every day for a week, but it also prompted me to continue my learning through a paid course.
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Influencer marketing focuses on people with influence on or over a target market instead of focusing on the target market directly. By identifying the people who influence your potential mass market of customers, you can work at getting these people as showcase customers. They in turn will influence the mass market or at least the segment where they hold sway. This can be done on a professional basis, where you pay an endorsement to the influential person with a fee or a commission per sale, if you you can quantify that influence. In theory you should be able to enter in to an agreement where you pay the commission based on sales only. This is different to paying a celeb to wear your product, in the ‘hope’ that their followers would buy your product, much like Nike and Tiger Woods.
Most leads are not instant customers: They go through a process of researching, comparing and evaluating before agreeing to spend their money. This process is commonly called the purchase funnel or the sales funnel (whichever you prefer). Understanding the steps your leads go through will help you market properly so that you can convert as many of them into customers as possible. Here is a brief overview of what the sales funnel is and how it varies for B2B and B2C companies.
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Here, I’ll explain what you need to know about the marketing funnel, and I’ll dive into recent changes and rising challenges for marketers. I’ll compare B2C and B2B uses of the funnel, break down the hype around the marketing vs. sales ownership debate, explain how the funnel can be flipped to create more leads, and explore nonlinear approaches to the funnel.