{"id":2854,"date":"2018-11-26T19:41:35","date_gmt":"2018-11-26T19:41:35","guid":{"rendered":"https:\/\/www.conachmarketing.com\/?p=2854"},"modified":"2018-12-13T20:02:27","modified_gmt":"2018-12-13T20:02:27","slug":"financial-marketing-sales-funnel","status":"publish","type":"post","link":"https:\/\/www.conachmarketing.com\/index.php\/2018\/11\/26\/financial-marketing-sales-funnel\/","title":{"rendered":"Financial marketing sales funnel"},"content":{"rendered":"<h2><strong>Understanding the roles in the financial marketing sales funnel<\/strong><\/h2>\n<p>Because it\u2019s called the sales funnel, it\u2019s often forgotten that marketing and lead generation also plays a role in it. Of course, both are an essential part of the sales funnel, though the roles have changed over the years. Or maybe it\u2019s just that people are beginning to recognize the overlap in marketing, lead generation, and sales. In this blog, I\u2019ll discuss these roles in the <a href=\"https:\/\/www.conachmarketing.com\/index.php\/financial-marketing\/\">financial marketing<\/a> sales funnel:<\/p>\n<ul>\n<li>The role of marketing<\/li>\n<li>Lead generation\u2019s role<\/li>\n<li>The role of sales<\/li>\n<li>Where the roles overlap<\/li>\n<\/ul>\n<h4><strong>Marketing in the financial marketing sales funnel<\/strong><\/h4>\n<p>In the past, it was thought that marketing was only involved in the early steps of the sales funnel. I believe marketing is pervasive throughout the sales process. After all, marketing is the combination of your brand, messages, and image presented uniformly in your various strategies to grow your client base. At least that\u2019s how I define marketing. For this reason, marketing has a role in every stage of the sales funnel process:<\/p>\n<ul>\n<li>First, it must make the correct impression on a potential buyer with the appropriate image and messaging.<\/li>\n<li>Second, the strategy behind your various campaigns must produce qualified leads.<\/li>\n<li>Third, it presents your strengths and advantages throughout the sales process to support your proposal and price.<\/li>\n<\/ul>\n<p>Although it is easy to see the influence of marketing in producing the strategies to get a lead, it might not be as evident in the sales area. Your sales material, presentations, and proposals should all be produced by your marketing team in cooperation with your sales team. The reason for this approach is because marketing looks at the overall program, while sales tend to focus on individual campaigns or goals. In the end, if marketing does not have a supporting role in your financial marketing sales funnel each stage of the process will suffer.<\/p>\n<p><strong>\u00a0<a href=\"https:\/\/www.conachmarketing.com\/wp-content\/uploads\/2018\/11\/FIN_Sales-Funnel-Infographic.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-2857 size-full\" src=\"https:\/\/www.conachmarketing.com\/wp-content\/uploads\/2018\/11\/FIN_Sales-Funnel-Infographic.png\" alt=\"financial marketing sales funnel roles\" width=\"450\" height=\"621\" srcset=\"https:\/\/www.conachmarketing.com\/wp-content\/uploads\/2018\/11\/FIN_Sales-Funnel-Infographic.png 450w, https:\/\/www.conachmarketing.com\/wp-content\/uploads\/2018\/11\/FIN_Sales-Funnel-Infographic-217x300.png 217w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/a><\/strong><\/p>\n<h4><strong>Lead generation in the financial marketing sales funnel<\/strong><\/h4>\n<p>Obviously, lead generation\u2019s role in the financial marketing sales funnel is to bring in leads. However, its function doesn\u2019t stop there. Before we discuss that other critically important function, let\u2019s look at the three areas of lead generation or advertising:<\/p>\n<h4><strong>Awareness advertising <\/strong><\/h4>\n<p>Awareness advertising broadcasts your brand, message, and services to a broad, unqualified market. Its channels include national and regional print and online advertisements, outdoor signs and billboards, social media, radio, and television.<\/p>\n<h4><strong>Target advertising <\/strong><\/h4>\n<p>Target advertising focuses on a select audience in a specific geography or industry. Its channels include print and online advertisements in industry-specific publications, targeted social media, tradeshows, search engine marketing, and direct mail.<\/p>\n<h4><strong>Direct advertising <\/strong><\/h4>\n<p>Direct advertising involves contacting potential customers on a one-to-one basis. Its channels include prospecting call campaigns, direct mail to a qualified contact, and e-bulletins to interested prospects.<\/p>\n<p>It\u2019s evident that there are many lead generation channels available to build a campaign. Because most lead generation campaigns use multiple channels, it makes determining where a lead comes from difficult. But the effort must be made. This part is where the other role of lead generation comes in \u2013 discovering which channels brought in the lead.<\/p>\n<p>This job falls to the first person talking to the lead. However, it\u2019s not enough to just ask \u201chow did you find us.\u201d The person needs to delve deeper to determine the \u201clead string.\u201d In brief, the lead string is the number of channels the lead used to get to you. For example, a potential client could see your billboard but can\u2019t remember your domain. Next, the prospect searches your firm to find your website. Was it the billboard or Google search that brought in the lead? In reality, it is both and both are part of the lead string. By having this information and understanding how the lead string works, will give you a more accurate analysis of your campaign\u2019s effectiveness.<\/p>\n<h4><strong>Sales in the financial marketing sales funnel<\/strong><\/h4>\n<p>As with lead generation, sales role in the financial marketing sales funnel is pretty clear \u2013 make a sale. First, sales must turn the prospect into a qualified lead that wants a proposal.<\/p>\n<p>Second, the salesperson presents a proposal detailing your services, solution, and cost. Third, close the sale by answering any objections and proving you are the best choice.<\/p>\n<h4><strong>Overlapping roles in the financial marketing sales funnel<\/strong><\/h4>\n<p>Even though I\u2019ve neatly compartmentalized the roles in the financial marketing sales funnel there is overlap. For example, the brand, messaging, and strategies developed by are used throughout the advertising campaigns, as well as sales process and its materials. As a result of this uniformity, your firm presents a consistent image to strengthen awareness.<\/p>\n<p>Advertising is the first part of sales, especially in a prospecting call program. The reason for this is because the calls are usually made by a salesperson.<\/p>\n<p>The entire sales process is supported by your brand and messages, which are created in marketing. Intriguing advertising brings in the leads that offer the sales team the opportunity to welcome a new client into your firm.<\/p>\n<p>Pappy<strong>\u00a0<\/strong><\/p>\n<h4><strong>About the Author<\/strong><\/h4>\n<p><em>Paul Kowalski (or Pappy as he is called around the office) spent over two decades working at other agencies before opening Conach Marketing Group in 2008. The early part of his career was working with Fortune 500 clients at different agencies. However, working with smaller clients was his preference. This choice was because of the impact on a client\u2019s business growth and the forming closer, personal relationships.<\/em><em>\u00a0<\/em><\/p>\n<p><em>When he was creating Conach, his goal was to bring those Fortune 500 strategies along with years of B2B marketing experience to small business marketing clients. As a result of focusing on business to business marketing, Conach specializes in <strong><u><a href=\"https:\/\/www.conachmarketing.com\/index.php\/construction-marketing\/\">construction marketing<\/a><\/u>, <u><a href=\"https:\/\/www.conachmarketing.com\/index.php\/financial-marketing\/\">financial marketing<\/a><\/u>,<\/strong> and <strong><u><a href=\"https:\/\/www.conachmarketing.com\/index.php\/industrial-marketing\/\">industrial marketing<\/a><\/u><\/strong>. Even though we are in Mid-Michigan, Conach provides marketing services to clients across the country.<\/em><\/p>\n<p><strong><em>For more information visit <u><a href=\"https:\/\/www.conachmarketing.com\/index.php\/b2b-marketing-agency\/\">conachmarketing.com<\/a><\/u> or <u><a href=\"https:\/\/www.conachmarketing.com\/index.php\/b2b-marketing-company\/\">contact us<\/a><\/u> or call 989.401.3202.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding the roles in the financial marketing sales funnel Because it\u2019s called the sales funnel, it\u2019s often forgotten that marketing and lead generation also plays a role in it. Of course, both are an essential part of the sales funnel, though the roles have changed over the years. Or maybe it\u2019s just that people are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[459],"tags":[],"class_list":["post-2854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-marketing-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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