Okay, so you're a B2B marketer and you're trying to reel in potential business clients. You need a strategy that's going to grab their attention and move them from a state of interest to a state of readiness. It's about providing them with the necessary information to build their confidence, gain their trust, and convince them of the path forward.
This means that your strategy should aim to do more than just keep them hooked, it should help them feel confident in their decision to pursue you, ultimately leading them into a mutually successful business partnership. That's where the B2B marketing funnel comes in!
The stages of a typical B2B marketing funnel are:
Awareness: The potential customer becomes aware of the product or service through various marketing channels such as email, trade shows, social media, and industry events.
Interest: The potential customer expresses interest in the product or service by visiting the company's website or downloading relevant content such as whitepapers, ebooks, or webinars.
Consideration: The potential customer evaluates the product or service by researching and comparing it with other options available in the market. They might read case studies, request demos, or start trials.
Intent: The potential customer decides to move forward with the purchase or start a business relationship. They show a clear intent by requesting a quote or proposal, scheduling a meeting, or having a sales call.
Purchase: The potential customer becomes a customer by making a purchase or signing a contract.
Your marketing funnel, then, is made up of strategies, content, and campaigns that move prospects from one stage to the other. Effective B2B marketing funnels are created with content that recognizes and honors the varying customer needs at each point of this journey. Top of funnel content introduces the brand to prospects who’ve never heard of it. Middle of the funnel content builds familiarity and trust. Bottom of the funnel content answers their specific questions and gives them the data they need to make an informed decision about you versus the competition. Each piece - whether it’s in email, ads, social media, or a whitepaper - is designed to nurture the recipient as they move closer and closer to purchase.
How do you build a B2B marketing funnel that converts?
Know your audience inside and out: Building a marketing funnel is kind of like putting together a puzzle; you can't do it without knowing who your audience is and what makes them tick. You have to know who they are, what their pain points are, and what’s motivating them to consider making a purchase. To get to know your buyer’s journey, you can create buyer personas, conduct customer surveys, and analyze data on their behavior and preferences. With this knowledge, you can create tailored marketing messages that resonate with them at each stage of the funnel, from awareness to decision making.
Create killer content: Your content is key to attracting and engaging potential customers. You want to create content that addresses their needs, answers their questions, and provides value. This can include blog posts, social media posts, videos, ebooks, and more. The key is to create content that helps your audience move through the funnel. The most effective content is tailored to the specific stage of the funnel they are in. It answers the questions that they likely have at that moment, and it offers options for where to go next.
Use marketing automation tools: Thoughtful additions to your tech stack can help you streamline and automate the process of moving prospects through the funnel. Marketing automation tools can help you create and manage email campaigns, track website visitor behavior, score your leads, and trigger automated follow-up messages based on a prospect's behavior. By using these tools, you can save time and focus on creating content that converts.
Iterate based on learnings: Your B2B marketing funnel is not a static entity, but a living thing that needs to be watched closely and updated regularly based on learnings and shifting circumstances. Adjust your content continuously based on your learnings by tracking your metrics and making data-driven decisions about what's working and what's not. Test new ideas and strategies to see how they impact your funnel's performance. Rework any sections that are causing leads to drop off, and shift resources to focus more heavily on marketing channels driving high-quality leads. By staying vigilant and iterating, you can create a funnel that converts leads and retains customers for the long term.
Building a marketing funnel takes time, effort, and a lot of planning. But the payoff can be huge. By consistently delivering valuable content and nurturing leads through the funnel, you can increase the chances of converting prospects into loyal customers.
If you are ready to build a B2B marketing funnel that converts, we’re on standby.