What Part of Your Funnel Should You Focus On? | Ep. #424

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 28 September 2017

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

In Episode #424, Eric and Neil discuss what part of your funnel you should focus on. Tune in to learn the different parts of a funnel, how to find your weakness, and the actions you can take to make sure your funnel is running (and converting) smoothly. Time Stamped Show Notes: 00:27 – Today’s topic: What Part of Your Funnel Should You Focus On? 00:40 – Top of the Funnel (ToFu): the traffic that you’re trying to target; which is usually a much larger audience 00:48 – Middle of the Funnel (MoFu): people who have viewed your website or availed of your services 01:02 – Bottom of the Funnel (BoFu): returning customers or those who are close to purchasing 01:24 – If you don’t have a lot of visitors, focus on the top of the funnel 01:27 – If you have a lot of visitors but don’t have much conversion, work on your analytics to see where the drop off is—it’s either the middle or bottom of the funnel 01:43 – You can check it out using Mixpanel and/or Kissmetrics 01:50 – Focus on optimizing that part by doing A/B testing or surveys 02:12 – Eric shares an experiment of how they bring people through an entire funnel 02:16 – Eric did a case study for SaaS companies 02:45 – When you bring people through the funnel, the journey needs to be consistent 03:05 – The journey is a story as well 03;19 – Digital Marketer and Chris Von Wilpert have some good points on funnels 04:06 – Marketing School is giving away a free 1 year subscription to Crazy Egg which is a visual analytics tool 04:15 – Go to SingleGrain.com/giveaway for multiple entries 03:50 – That’s it for today’s episode! 3 Key Points: Figure out the part of your funnel where people fall off, then create a strategy to improve your performance. Employ tests or experiments to make sure you’re on the right track. Create a consistent journey for your funnel. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Get ready for your daily dose of marketing strategies and tactics from
0:06.8	entrepreneurs with the guile and experience to help you find success in any
0:11.4	marketing capacity. You're listening to marketing school with
0:14.9	your instructors Neil Patel and Eric Sue.
0:18.6	All right guys before we start we got a special message from our sponsor.
0:27.0	If you want to Rank hire on Google, you got to look at your paid speed time.
0:31.5	The faster your website loads, the better off you are. With
0:34.4	Google's core vital update, that makes it super, super important to optimize your
0:38.5	site for low time. And one easy way to do it is use the host that Eric and I use dream
0:44.5	host so just go to dream host or Google it find it check it out and it's a great way
0:49.7	to improve your low time. Welcome to another episode of Marketing School.
0:55.0	I'm Eric Sue.
0:56.0	And I'm Neil Patel.
0:58.0	And today we're going to talk about what part of your funnel should you focus on.
1:02.0	So there are multiple steps in different funnels,
1:05.7	but you know, I'll start this off with by saying
1:08.2	you have the top of the funnel, which is known as tofu, right?
1:12.0	This is, you know, the, This is traffic that, you know, where you're trying to target a larger
1:16.3	audience, right? Then you have your middle of the funnel. Maybe people that have visited
1:19.6	one of your services pages or maybe people that have opted into your email list, right?
1:23.3	So these are people that are a little further down the funnel, right? They're closer
1:27.9	to making a kind of conversion or a sale, something like that. And then you have your bottom of the funnel. These are the people that are, you know, people that may have purchased already so your current customers and people that are extremely close to purchasing after going through a couple of steps already, right?
	...

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