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Sales Funnel

A visual representation of the journey that potential customers go through from initial awareness of a product or service to making a purchase. The sales funnel is usually divided into stages: TOFU (Top of the Funnel), MOFU (Middle of the Funnel), and BOFU (Bottom of the Funnel). TOFU represents the awareness stage, where prospects first become aware of the product or service. MOFU is the consideration stage, during which prospects engage more deeply, evaluate their options, and seek additional information. BOFU is the decision stage, where prospects are ready to make a purchase decision and are close to conversion.

Related Terms

BOFU (Bottom of the Funnel)

Bottom of Funnel (BOFU) is the final sales stage, where prospects evaluate solutions before purchasing. Strategies focus on conversions through demos, trials, and offers by addressing objections and proving value.

Leads

Leads are potential customers who show interest in a product or service and provide contact info. They are categorized by interest, readiness to buy, and alignment with the Ideal Customer Profile (ICP).

MOFU (Middle of the Funnel)

Middle of Funnel (MOFU) is when prospects evaluate solutions. Marketing nurtures leads with content like case studies and demos to address concerns, build trust, and guide them toward a purchase.

Prospects

Prospects are potential customers identified by interest, industry, or needs. They are early in the sales process and prioritized based on their fit with the ICP and likelihood of conversion.

Sales Cycle

The sales cycle is the step-by-step process of converting prospects into customers, from lead generation to closing. Managing it helps streamline sales, improve conversions, and forecast revenue.
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