Just read this interesting article by @nscalice - "marketing funnels vs. marketing flywheels"
Here's what I learned
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Here's what I learned
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The problem with funnels is that they lose their momentum at the bottom. As leads come in from top, the goal is to convert them into customers & then you're done!
Funnels are linear.
Why marketing flywheels? Because they have the power to fuel continuous growth
Funnels are linear.
Why marketing flywheels? Because they have the power to fuel continuous growth
3 main components for a successful marketing flywheel:
a. Weight - what is your flywheel made of? solid metal? You can translate this into your product/service. If you have a great product/ service with happy customers, you have a heavy metal flywheel.
a. Weight - what is your flywheel made of? solid metal? You can translate this into your product/service. If you have a great product/ service with happy customers, you have a heavy metal flywheel.
b. Force - this is your fuel - content, ads, offers, touchpoints. Every time a prospects interacts with your brand, it creates a force that propels your flywheel ahead.
c. Friction - this is product complexities & bad reputation. Friction is the enemy of every marketer. If you have unhappy customers, it will slow down your flywheel. Avoid friction at all costs.