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Building a Marketing Funnel That Helps Your Business Grow

For many growing SMEs, marketing can feel like a constant challenge. You’re posting on social media, attending networking events, updating your website and sending emails – but are those activities actually guiding potential customers towards a sale?

That was the focus of a recent workshop delivered by marketing specialist Anna Bravington, Innovation Director at Fareham Innovation Centre, who explored how businesses can use marketing funnels to better understand customer behaviour and improve conversions.

At its core, a marketing funnel is a framework that helps businesses understand the journey a customer takes from first becoming aware of a company through to making a purchase. While every customer journey is different, there are usually common stages that most buyers move through: awareness, interest, consideration and purchase.

A key takeaway from the session was that customer journeys are rarely straightforward. People may discover a business through social media, search online for more information, read reviews, sign up for a newsletter and then wait weeks – or even months – before making a decision. Others may move much faster. Understanding these behaviours allows businesses to create content and touchpoints that support customers at each stage of their decision-making process.

Rather than viewing marketing as a series of disconnected activities, businesses should consider how each piece of content helps a customer take the next step. For example, awareness-stage content might include blogs, social media posts or search engine optimisation, while middle-funnel content could focus on case studies, guides and testimonials that build trust. Towards the bottom of the funnel, customers need clear calls to action that explain exactly how to buy, book or get in touch.

The workshop also challenged the traditional idea that the customer journey ends at the point of purchase. In reality, retaining existing customers and turning them into advocates can be just as valuable as acquiring new ones. Repeat business, referrals and customer loyalty programmes all play an important role in long-term growth and can often deliver a better return on investment than constantly finding new customers.

For SMEs, one of the most practical exercises is identifying where prospects are dropping out of the funnel. Are people struggling to find your business in the first place? Do website visitors leave without taking action? Or are enquiries failing to convert into customers? By identifying these weak points, even small improvements can have a significant impact on results.

Perhaps the most important lesson was that successful marketing is ultimately about building relationships. Customers need confidence and reassurance before committing to a purchase, particularly in B2B markets where services can represent a significant investment. Providing valuable information, demonstrating expertise and making it easy for people to take the next step can help move prospective customers closer to a buying decision.

For growing businesses, a well-planned marketing funnel is not about pushing for a sale at every opportunity. Instead, it is about understanding your customers, supporting their journey and creating a pathway that makes it easier for them to choose your business when the time is right.

 

Building a Marketing Funnel That Helps Your Business Grow

For many growing SMEs, marketing can feel like a constant challenge. You’re posting on social media, attending networking events, updating your website and sending emails – but are those activities actually guiding potential customers towards a sale?
That was the focus of a recent workshop delivered by marketing specialist Anna Bravington, Innovation Director at Fareham Innovation Centre, who explored how businesses can use marketing funnels to better understand customer behaviour and improve conversions.

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Covid-19 Statement

Update – 11 August 2022

Our Innovation Centres remain operational and accessible, and provide a safe environment for our staff and customers. We continue to assess the risk of COVID-19 alongside the latest guidance from government. In the meantime our Innovation Centre remains COVID-19 Secure and fully open for business. Our detailed risk assessment can be found here.