The Funnel Concept
If you are familiar with a funnel, you know that it features a small opening on the bottom and a large opening on the top. A funnel allows you to place a large volume on the wide side and a small volume comes out on the other end. The difference in volume is directly related to the differences in size for each of the various sizes.
Your Product Portfolio
So what are the benefits to setting a business where you sell your knowledge up like a funnel? It naturally makes it easier for you to build up trust in the minds and hearts of your prospects. As your prospects make the decision to invest more with you, it allows you to build trust in their mind by delivering on the value you promised on your sales page. This is because every increase in value and price requires a greater commitment from your prospect.
Ebook Readers on Amazon
Kindle DX Wireless Reading Device (9.7" Display, U.S. Wireless, Latest Generation)
Amazon Price: $489.00 (as of 12/30/2009) ![]()
List Price: $489.00
Usually ships in 3 to 5 weeks
Amazon Kindle Leather Cover (Fits 6" Display, Latest Generation Kindle)
Amazon Price: $29.99 (as of 12/30/2009) ![]()
List Price: $29.99
Usually ships in 24 hours
Build Trust with Your Customers
This is exactly how the funnel works in your internet marketing business. As you begin your real online business, your main focus is to find something to sell. If you can do that, you know you can make money. That being said, the business owners who recognize this process will make more money and will have more customers doing higher value transactions with them because of this. As the needs of their customer, they are able to meet those needs.
As a result, as you continue to grow the confidence and ability of your customer base, they will continue to want more products from you that address all of their needs. Your products should provide more value. Your products should automate some of the tasks they need to do. This will help your customers to expand the capabilities of their business. Of course, if you are just getting started, you might need to take it slow. However, you do want to keep this in mind so that you can build your business accordingly.
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Build Your Business Funnel by Selecting the Right Products
The end goal with everything that you do marketing wise, whether sending out emails, pay per click advertising, social marketing, etc, should focus on moving more customers through your funnel. Like a physical funnel, it gets smaller and smaller as you go through. This is why you want to have a number of lower priced, lower commitment products at the entry point of your funnel. Your higher priced products should be in the middle and your highest price; highest customized products should be at the end.
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This is exactly why you need to include a newsletter as a part of your eBook business funnel. Your newsletter is often the only way you can move more people through the funnel. It allows you to build the trust and likeability factor that is so necessary to make more deeper funnel sales and show that you are a legitimate home business.
The other thing my marketing funnel does is it eventually allows me a platform of communication for my ultimate mission. My ultimate mission is to proclaim the name of Jesus Christ to everyone that I meet. By teaching families how to create an income from real home business opportunities, this allows them a vehicle for God to be a blessing in their lives. If it also allows me to make money in the process, that is just great as well!
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- GypsyOwl GypsyOwl May 15, 2009 @ 8:14 pm
- Exceptional information! Be sure to join this lens to my business networking group on Squidoo http://tinyurl.com/7luvof :) 5*Fav and lensrolled to several business resources lenses.




