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Why Brands Should Collapse the Funnel for Faster Conversions

Oct 11, 2024
Why Brands Should Collapse the Funnel for Faster Conversions


The traditional marketing funnel is losing its edge.


Today's fast-paced market demands a faster, more direct path from awareness to conversion. Leading brands are now "collapsing the funnel" to streamline the customer journey and achieve rapid, lasting results.


In an episode of Revenue Boost: A Marketing Podcast, Vivian Chang, Head of Affiliate at Mindshare, an expert in leading DTC functions at Clorox, discussed the need for brands to "collapse the funnel." She emphasized that in today’s market, creating a faster, more direct path to conversion is essential to meet consumer expectations and drive results.

In this article, we will explore how brands can implement a collapsed funnel strategy, using dynamic content, data-driven insights, and a cohesive omnichannel approach to accelerate conversions and enhance the customer journey.

The Shift from Linear Funnels to Collapsed Funnels


Consumer behavior has undergone a significant shift in recent years. Vivian Chang, who has extensive experience leading direct-to-consumer functions at companies like Clorox, highlights that today's consumers expect seamless, personalized interactions. They engage with brands across multiple touchpoints and often make decisions quickly, rendering the traditional, step-by-step marketing funnel too slow and outdated.
In response, brands are moving away from linear funnels toward a collapsed model. This approach is about creating dynamic, multi-purpose content that meets consumers wherever they are in their journey. Vivian notes that focusing on varied, compelling content is crucial, especially in formats like video. This shift allows brands to tell their story in multiple ways, providing consumers with the flexibility to self-identify with the product's benefits almost instantly.

It’s not enough to have a single path to conversion anymore. A collapsed funnel adapts to the consumer's non-linear journey, using content to pull them toward a decision at any touchpoint. The result is a more efficient and engaging process that aligns with today’s market demands.


Using Data to Collapse the Funnel Efficiently


Collapsing the funnel requires more than just great content—it demands a data-driven approach. Vivian Chang emphasizes the importance of utilizing first-party data to understand consumer behavior and inform marketing decisions. Brands can now gather valuable insights through various methods, such as post-campaign media data, social listening, and direct consumer feedback.

One of the most effective strategies is using real-time data to tailor content and campaigns. For example, post-campaign media reports can reveal which demographics are responding positively to specific content, allowing marketers to adjust messaging for better impact. Similarly, social listening tools provide a pulse on market trends and consumer preferences, helping brands create more targeted and relevant content.
However, it's not just about collecting data; it's about acting on it quickly. As Vivian points out, waiting for "perfect" data can be a trap. Brands must learn to rely on early insights and trust their marketing intuition to experiment with new content angles. The agility to pivot and adapt based on preliminary data is key to successfully collapsing the funnel.


Creating an Omnichannel Experience for Faster Conversions


A collapsed funnel also requires a well-coordinated omnichannel strategy. Consumers today interact with brands across multiple platforms—from social media and e-commerce sites to retail stores and direct websites. Vivian Chang explains that brands must create a unified customer journey across all these channels to encourage faster conversions.


A cohesive omnichannel experience involves maintaining consistent messaging and branding across every touchpoint. Vivian shares an example from her work with Clorox, where they pivoted from a retail-heavy model to embrace a more flexible, transaction-agnostic approach. This included offering multiple purchasing options, such as Amazon, in-store pickup, and direct-to-consumer subscriptions. By doing so, they were able to meet consumers wherever they were in their journey, reducing friction and accelerating the decision-making process.


The challenge lies in making the experience seamless. Brands must ensure that consumers receive a consistent story, whether they are engaging with an ad, browsing a D2C website, or shopping in-store. Unified messaging helps build brand awareness and recognition, which, as Vivian notes, is crucial since it often takes multiple touchpoints before a consumer is ready to convert. By simplifying the journey and keeping the consumer at the center, brands can drive faster, more effective conversions.


'Collapsing the Funnel’ as a Strategic Response


Collapsing the funnel is not just a strategy—it’s a response to the evolving market landscape. In an era where consumer attention spans are short and competition is fierce, brands must adapt their marketing approach to be faster, more dynamic, and consumer-centric. By leveraging data, crafting versatile content, and implementing a cohesive omnichannel strategy, brands can create a streamlined path to conversion that aligns with modern consumer behavior.


The days of static, linear marketing funnels are over. Now is the time for marketers to embrace agility, act on real-time insights, and meet consumers at every point of their journey. As Vivian Chang’s experience shows, collapsing the funnel is not only about speeding up conversions but also about building lasting relationships with consumers through a unified brand experience.


 

Connect with Vivian on LinkedIn to stay updated and engage with her expert insights!

 

Tune into the Revenue Boost Podcast to explore strategies that can drive your business growth.

 

Ready to elevate your business and boost your revenue? Let’s chat! Connect with our expert marketing advisors today and discover tailored strategies to propel your growth. Visit our website for more.

Kerry Curran

Author


Passion for marketing, business development, and growth strategy has been the driving force behind her career since earning her MBA from University College Dublin in 2003. With two decades of leadership experience at premier agencies such as iProspect, Catalyst Digital Marketing, Digitas, GroupM, and Gen3 Marketing, Kerry has consistently crafted and executed innovative marketing and growth strategies for both clients and agencies, cementing her reputation as a visionary in the industry.

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Kerry Curran


Passion for marketing, business development, and growth strategy has been the driving force behind her career since earning her MBA from University College Dublin in 2003. With two decades of leadership experience at premier agencies such as iProspect, Catalyst Digital Marketing, Digitas, GroupM, and Gen3 Marketing, Kerry has consistently crafted and executed innovative marketing and growth strategies for both clients and agencies, cementing her reputation as a visionary in the industry.

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