Invesp: Optimizing Conversion Funnels: Where Should You Start First?

by | May 13, 2021 | Collaborative Posts | 0 comments

Optimizing Conversion Funnels: Where Should You Start First?

This article explores strategies for enhancing conversion funnels, focusing on determining the optimal starting point for optimization efforts.

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Summary

Understanding the Conversion Funnel

A conversion funnel represents the journey a potential customer takes from initial awareness to the final conversion. It’s typically divided into three stages:​

  • Top of the Funnel (TOFU): Awareness stage where prospects first learn about your brand or product.​
  • Middle of the Funnel (MOFU): Consideration stage where prospects evaluate your offerings.​
  • Bottom of the Funnel (BOFU): Decision stage where prospects are ready to convert into customers.​

Expert Opinions on Where to Start Optimization
The article gathers insights from several CRO experts on the ideal starting point for funnel optimization:​

Spencer Gray (97th Floor): Advocates starting at the bottom of the funnel, focusing on optimizing the checkout process and other conversion points, as improvements here directly impact conversion rates.​

Brian Massey (Conversion Sciences): Suggests letting data guide the starting point. If analytics indicate high drop-off rates at specific stages, prioritize those areas for optimization.​

Iqbal Ali (A/B Decisions): Recommends analyzing the entire funnel to identify bottlenecks and prioritize optimization efforts based on potential ROI and ease of implementation.​

Abi Hough (CRO Expert): Emphasizes a simultaneous approach, optimizing both ends of the funnel. Ensuring that the top of the funnel effectively attracts relevant traffic and the bottom facilitates seamless conversions is crucial.

Key Takeaways

  • Data-Driven Decisions: Utilize analytics to identify where prospects drop off and focus optimization efforts accordingly.​
  • Holistic Approach: Consider the entire customer journey, ensuring consistency and efficiency at every stage of the funnel.​
  • Continuous Testing: Regularly test and refine different funnel stages to adapt to changing user behaviors and preferences.​

In conclusion, there’s no one-size-fits-all answer to where you should start optimizing your conversion funnel. The decision should be based on data analysis, understanding of your specific business context, and the potential impact of changes at different stages of the funnel.​

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About The Author: Abi Hough

About The Author: Abi Hough

Founder UU3 / WeAreCorpus

Abi Hough is the founder of UU3 and WeAreCorpus. Through UU3, she works across UX research, optimisation, audits and digital strategy. Through Corpus, she explores the upstream web: the trust, proof, signals and contradictions that shape how humans and machines understand organisations before anyone reaches a website.