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Sales Funnels Glossary

25 essential terms — because precise language is the foundation of clear thinking in Sales Funnels.

Showing 25 of 25 terms

A method of comparing two versions of a marketing element to determine which one performs better.

Related:Conversion Rate OptimizationSplit Testing

A marketing framework describing four buyer stages: Attention, Interest, Desire, and Action.

Related:Sales FunnelBuyer Journey

A prompt that directs the prospect to take a specific next step, such as signing up, downloading, or purchasing.

Related:Landing PageConversion Rate

The percentage of customers who discontinue their relationship with a business during a given time period.

Related:Customer RetentionCustomer Lifetime Value

The percentage of visitors or leads who complete a desired action, such as signing up or purchasing.

Related:A/B TestingLanding Page

The average total cost of converting one prospect into a paying customer.

Related:Customer Lifetime ValueROI

Recommending complementary products or services to an existing customer to increase total revenue.

Related:UpsellingCustomer Lifetime Value

The projected total revenue a business expects to earn from a customer over the entire relationship.

Related:Cost Per AcquisitionChurn Rate

An automated series of emails or messages sent on a predetermined schedule to nurture leads progressively.

Related:Email SequenceLead Nurturing

The loss of prospects who exit the funnel before completing the desired conversion at any stage.

Related:Conversion RateFunnel Optimization

A standalone web page with a single focused goal designed to convert visitors through a specific call to action.

Related:Call to ActionConversion Rate

A potential customer who has shown interest in a product or service by providing contact information or engaging with content.

Related:Lead GenerationProspectMQL

The process of attracting and capturing potential customers through content, ads, events, and other marketing strategies.

Related:Lead MagnetTop of Funnel

A free resource offered in exchange for a prospect's contact details, such as an e-book, checklist, or webinar.

Related:Lead GenerationOpt-in

The process of developing relationships with leads through relevant, personalized communication over time.

Related:Drip CampaignEmail Sequence

A methodology for ranking leads based on their perceived value and readiness to buy, using behavioral and demographic data.

Related:MQLSQL

A lead who has engaged enough with marketing efforts to indicate interest but is not yet ready for direct sales outreach.

Related:Sales Qualified LeadLead Scoring

The act of a prospect voluntarily providing their contact information and granting permission to receive marketing communications.

Related:Lead MagnetLead Generation

A digital advertising strategy that serves ads to users who have previously visited a website or interacted with a brand.

Related:RemarketingPixel Tracking

A model representing the stages a prospect passes through from awareness to purchase and beyond.

Related:AIDA ModelBuyer JourneyConversion Funnel

A lead that has been evaluated and deemed ready for direct engagement by the sales team.

Related:Marketing Qualified LeadLead Scoring

Dividing an audience into distinct groups based on shared characteristics to deliver more targeted and relevant messaging.

Related:PersonalizationLead Scoring

A low-cost introductory product designed to convert a lead into a first-time buyer and build purchasing momentum.

Related:Lead MagnetValue Ladder

Encouraging an existing customer to purchase a higher-tier or more expensive version of a product or service.

Related:Cross-SellingAverage Order Value

A sequence of products or services at increasing price points, each delivering greater value and moving customers up the revenue chain.

Related:UpsellingTripwire Offer
Sales Funnels Glossary - Key Terms & Definitions | PiqCue