PPC Foundations: The Buying Funnel, Part 1: Funnel Structure Flashcards
What is the buying Funnel?
The buying funnel is a series of steps a consumer goes through before making a purchasing decision
The actions in each stage of the funnel are different for different types of businesses or products
What are the steps of the buying funnel?
The buying funnel/buying cycle/decision making funnel:
- Awareness: Product is introduced to the customer
- Interest: Customer finds out how the product may benefit them
- Learn: Customer researches the product and learns more about it
- Shop: Customer searches for the best way to buy the product and makes final decisions about purchasing
- Buy: Customer purchases the product
- Post buy: Review lifetime customer retention and value, provide support
Not every product will include all stages of the funnel o Every product and service is different
Discuss the consumers’ progression through buying funnel.
Each stage could include a single search or many searches
Awareness and interest stages are not commonly search-based stages, display and other ad types appeal to these stages of the buying funnel
Users can move through multiple stages of the buying funnel after a single search if a website is oriented properly and if the product is appropriate
It’s important to understand how your customers move through each stage of your buying funnel o Knowing how they move through your particular funnel helps you provide the right advertisements, content, and interactions for each stage
Discuss features vs benefits at the respective stapes of the buying funnel.
For businesses, each step of the funnel is either focused on benefits or features:
- Awareness (benefit)
- Interest (benefit)
- Learn (feature & benefit)
- Shop (feature)
- Buy (benefit)
Discuss Ad Landing page in relation to the buying funnel.
Landing pages should match the stage of the buying funnel o The stage of the buying funnel can be determined from the search query
Landing pages for each stage of the buying funnel should focus on doing different things for the customers:
o Awareness: Piques interest
o Interest: Shows why you need this
o Learn: How to, white papers, newsletters, buying guides
o Shop: Category/forms
o Buy: Convert right now
How should you go about choosing Ad content or types?
The content should match the stage of the funnel
o i.e. If someone searches for a category of products, bring them to category page o i.e. if someone searches for a specific product, bring them to a product page
Choose keywords that target a particular section in the funnel
o This increases the chances of moving the customer to the next stage in the funnel
o i.e. If you want to target people ready to buy, use keywords like “buy” or “purchase”
o i.e. If you want to target people in the interest section of the funnel, use words like “best” “top”
o i.e. If you want to target people in the learning section, use specific keywords related to the product
What does maintain scent through the purchase process mean?
Maintain scent throughout the purchase process o Remind users why they are moving through the process
o The incentive and offer should be maintained throughout the process
Give the user options
o If the user is unable to find the exact product, the consumer should have other options to convert
What stage of the funnel does Display work well?
Image and video ads work well for awareness and interest stages of the funnel – higher recall rate than text ads o Text ads have a low recall rate, especially if the user is not already aware of the company, product, or service