Funnel Reports

Funnel reports allow you to track the conversion rate and revenue generated at each step of a marketing funnel.

In a Funnel Report, you define up to 7 steps that people will undertake during the funnel, whether that is having a tag applied, clicking on a link or purchasing a product. Each of these steps is defined by using a number of standard SegMetrics Filters. After creating the funnel steps, you can easily see how many people complete each step of the funnel, as well as the revenue and lead value at each step.


Creating a Funnel Report

First, to create a new report, click on the Funnel report from the main menu.

Then set up the steps to define the Funnel.

The Base Cohort are the filters that are applied to everyone in the Funnel. These filters will determine what leads will be included in the initial step of the Funnel

Add Additional Steps

Click Add new step to funnel to add an additional step to the Funnel.

Additional steps will have their filters applied in order, so that each step in the funnel builds on the step before it.

Example:

  • Step 1: Tag = 'Start Campaign'
  • Step 2: Tag = 'View Webinar'
  • Step 3: Purchased 'Awesome Product'

The above steps will produce the following report:

  • Step 1: Contacts with the 'Start Campaign' Tag
  • Step 2: Contacts with the 'Start Campaign' and 'View Webinar' Tags
  • Step 3: Contacts with the 'Start Campaign' and 'View Webinar' Tags who also Purchased 'Awesome Product'

Once you have defined the steps in your Funnel Report, click on Apply Steps to set the data and display the report.


Understanding the Metrics

Funnel Reports default to showing you how many Leads go through each step of the funnel.
NOTE: In contrast to most reports Leads will be filtered by Purchases.

At any point you can switch the main metric that the graph shows between the 5 available metrics:

  • Leads - The number of contacts who have performed each step of the funnel
  • Revenue - The amount of money created by contacts at each step of the funnel
  • Lead Value - The amount of revenue divided by the number of contacts at each step of the funnel
  • AOV - The Average Order value at each step of the funnel
  • Orders - The number of orders that contacts at each step of the funnel have created

Funnel Performance

At the top of the Funnel Report is an overview of how well the funnel is performing for the 5 Funnel Metrics.

The Funnel Graph shows a visual representation of how the metrics change over each step in the funnel, and the percentage of change, both from the previous step as well as compared to the funnel overall. In this graph, we can see that the number of leads who purchased is 23% of all contacts who joined the funnel, but an amazing 100% of leads who completed the "applied" step also purchased.

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