Effective Bottom Funnel Marketing Tactics
Do you want to know a quick way to increase conversions?
Go and optimize the bottom of your sales funnel.
Why? Because potential customers who get to this stage are on the verge of buying. And yet, they can’t quite make the leap. Figure out what the resistance is and more of them will convert.
This is the low-hanging fruit of CRO. The place where we can find quick wins.
And today, I’m going to give you the lowdown on bottom of funnel marketing. So that you can shred to bits the resistance that’s stopping BoFu potential customers from buying.
Funnel Marketing Tactics:
The best bottom of funnel marketing content
That’s a lot to cover. So let’s start.
Who are the people in the lower part of the marketing funnel?
The lower funnel is the peak of all your marketing efforts.
People here know about you.
There are customer stories circulating.
They’ve had some form of interaction with your brand.
They may have read one or more of your blog posts, see your social media posts, or consumed one of your lead offers.
They’re very warm leads. Hot as a potato fresh out of the oven.
But there’s a catch.
They’re also as hot as a potato in someone else’s marketing funnels — that of your competitors.
They’re on the verge of buying. But they’re not sure who to buy from or when to buy. They’re waiting for that perfect moment or the right company to give their money to.
They also want to make the right choice. They don’t want to be made to look like a fool and regret the decision. They’re looking for the assurance that they’re going to get the right product from the right company.
That’s your challenge. This means your marketing funnel tactics should address their common fears and solidify their belief in your brand.
Bottom of funnel marketing tactics that work
Your goal for the bottom of funnel marketing is to convince BoFu leads of the credibility of your business and the quality of your products or services.
Think of it as the final tribal council in that reality show Survivor. You’ve got to prove you’re worthy of the prize.
How do you do this?
What bottom of funnel marketing tactics work to assure leads that it’s worth handing you their money?
Here’s what you do:
Build up their confidence in your product or service
Strengthen their trust in your company
Reduce their doubts and anxieties
Make the path to a “yes” as easy and as frictionless as possible and you’ll see conversions go up.
I know. I know. Easier said than done.
Your competition is also fighting for that coveted prize. That’s why you need a low funnel marketing strategy that is effective at nudging BoFu customers to choose you instead of one of your competitors.
You do this by building marketing funnel content (BoFu) and offers that make a “yes” to your offer the obvious choice
Marketing funnel content is your chance to put your company on a pedestal. Sure. You still have to appeal to the emotional part of decision-making. But this time, you don’t have to be gun-shy about “bragging” about your products and the merits of your business.
Here are some of the types of content that do well in this stage of the marketing funnel:
1. Have different content for the common keywords people use in search
Customers use different keywords depending on where they are in the marketing funnel.
For the bottom of the funnel, people use words like:
brand x vs. brand y
Write different landing pages for each of these keywords.
The more pages you have, the better. It makes your brand more visible in the search engines. The more customers see your site, the more top of mind you are when they finally make the buying decision.
2. Provide material that educates leads about your product
It’s not easy to buy products or services online. It’s not like being in a supermarket where customers have a visual and tactile experience to gauge if the product is what they really want.
So the burden is on you to recreate that experience for them. There are many ways you can do this online depending on what you’re selling.
Here are some things you can add to your marketing channels:
Show a video walkthrough of the product
Offer limited trial accounts
Conduct webinars to show the most popular key features of the product
Have Facebook or YouTube lives answering FAQ’s
Educating BoFu customers about the product and the brand accomplishes two things. First, it puts a face to the company. This increases trust which is highly valued at this critical stage of the funnel. Secondly, it reduces buyer anxiety and boosts confidence in your brand.
So how do you know what your buyers want to know?
One of the best places to look for common fears and doubts are your customer support tickets. Take the time to go through them and you’ll see a window to the hearts and minds of BoFu leads. Once you have this inside information, you’ll know exactly what type of content to build to address these concerns.
3. Have different case studies that cater to different segments of your market
Case studies are effective content for bottom of the funnel marketing. They give customers confidence in your product. Remember that they don’t want to look foolish. When there’s proof that what you sell has worked for someone else, it reassures them that fools they will not be when they hand you their money.
Here are two things to consider when producing case studies for your company
Have different content for every segment in your audience
There’s a reason for this. The more similar a case study is to the niche you’re targeting, the more persuasive the content is.
Make the bottom of funnel content digestible and easy to share.
More than one person may approve the purchase of your product. So make case studies easy to share between them. For example, you can have them in slide decks or you can provide easy comparison charts in a PDF file. The quicker the information is shared between many decision-makers, the easier it is for them to say “yes” to what you’re selling, too.
4. Make your bottom of funnel content stand out from the competition
Bottom of funnel marketing is not the time to be timid about selling.
This is not the time to be vanilla. At this stage, you’re being compared against others in your industry. You’ve got to stand out so prospective customers notice you.
How do you do this? Emphasize your unique selling position. Sell what makes you different and better than others. Elevate the value that you offer in their lives that the competition can not provide.
5. Make your bottom of funnel marketing double down on the persuasion tactics
While a lot of content at the top of the funnel focuses on educating the prospect about their problems, bottom of funnel marketing content is all about making the hard-sell.
Make your product or service so tantalizing that potential buyers can’t help but gravitate toward it. And one of the most effective ways to do this is by using persuasion techniques that give them a good reason to make the leap and buy.
Here are some that you can use. We’ve covered these before in the blog. So click the link if you want to know more
6. Don’t forget the user experience for your bottom of funnel marketing
Sometimes, you get so focused on providing persuasive content that you forget how important user experience is at this point.
By this, I mean making sure that your sales or product pages are designed in a way that makes it easy for website visitors to buy.
Just because a customer has decided to buy from you doesn’t mean he’ll definitely give you the money. It’s not too uncommon for a buyer with a credit card in hand ready to buy to abandon the cart because the page is too confusing, overwhelming or frustrating.
This is, after all, the internet. And a web page that doesn’t make it easy for customers to buy will often lose to the competitor who does it well.
Bottom of Funnel Marketing Metrics: How do you know it’s working?
You’ve got a lot of lower funnel marketing content already. How do you know if your content marketing is working?
I’d say if the conversion rate is going up month after month and your revenue reflects that, then you’re doing a great job. It’s also worth tracking the following funnel marketing metrics to discover what to improve in your marketing:
Are these bottom of the funnel metrics going up?
Total purchases & free trials
Customers demonstrate their confidence in an eCommerce business by investing through total purchases. This dynamic metric helps measure the v performance and growth of a platform or website, providing insights into customer habits over time to benchmark against industry standards and competitors alike.
Earnings per lead
Earnings per lead (EPL) is a powerful tool enabling businesses reliant on lead generation to unlock insights from their sales process. By effectively tracking and analyzing the return generated for each potential customer acquired, it’s possible to optimize marketing campaigns, plan budget allocation more accurately and make informed decisions based on data-driven evidence. This makes EPL especially beneficial in sectors such as B2B, consulting, or financial services.
Trial sign-ups or demo requests
Requesting a trial or demo of a product, service, or software is an integral part in the purchase decision-making process for many industries. Tracking sign-ups allows businesses to measure customer interest and demand as well as gauge their marketing efforts. It can also identify valuable leads that have the potential to convert into paying customers down the line.
Return on investment
ROI is an essential financial metric that allows investors to compare the efficiency of their investments, while also providing a measure for evaluating marketing campaigns and other business ventures. It works by taking into account both gains/losses from an investment expressed as a ratio or percentage relative to cost. For instance, if an ROI stands at 20%, it means each dollar invested generated back twenty cents in profit – making this invaluable data when deciding where best to put one’s capital!
Are these bottom of the funnel metrics going down?
Cart abandonment is a significant challenge for e-commerce businesses, having the potential to significantly impact their sales and revenue. The phenomenon occurs when customers add items to an online shopping cart but fail to complete the purchase – either due changed mind or unexpected costs during checkout being possible causes. Cart abandonment can be measured as the percentage of abandoned carts divided by total initiated checkouts. To combat this issue, retailers may consider offering discounts/incentives along with streamlining payment processes and displaying trust signals throughout their checkout process in order to increase customer conversions on-site.
Cost per lead
Calculated by dividing the total cost of a marketing campaign or initiative by the number of leads it generates, Cost per Lead (CPL) is an invaluable metric for businesses that require lead generation to remain competitive. For example, if $1,000 were spent on one campaign and 100 leads yielded from it then CPL would be $10. Through diligent comparison between different campaigns’ CPLs companies are able to identify which tactics prove most effective in generating potential customers at minimal expense – allowing finite resources to be allocated with precision towards maximizing revenue growth opportunity.
You now have the information you need to optimize the bottom of the funnel.
As you can see, it’s an exciting part of the sales team pipeline. Customers are in the decision phase of the customer journey and are ready to convert. But it’s also a sensitive stage of the funnel. People have already narrowed down their choices to you and maybe a couple of your competitors. And it’s now up to you to do a better job than your competitors at convincing them.
You do it better than them, you get the sale. You don’t, you lose it. Simple as that.
But with the knowledge that you have now, you’re already one step ahead of the competition.
All you have to do is do the work.