Definition: Bottom of funnel (BoF) refers to the final stage in the customer journey where prospects are making a decision about purchasing a product or service.
At the BoF stage, the goal is to convert prospects into customers by addressing any remaining objections and providing a seamless and satisfying purchasing experience.
A CRO expert views the bottom of funnel as the most critical stage in the customer journey, as it is the final opportunity for a business to make a sale and establish a long-term customer relationship.
SaaS companies may rely on a trial period or even free version of an application, whose job it is to wow the client into purchasing in a PLG approach. Alternatively, a sales executive may give guided tours. Funnel consultants will test both experiences and help remove friction and confusion and improve the messaging for conversion rate optimization.
Use It In a Sentence: The company focused on improving the bottom-of-funnel experience by streamlining the checkout process and offering exceptional customer service to convert potential customers into loyal, long-term customers.
For Further Reading:ย When Does It Make Sense to Order a Sales Funnel Audit? | How a Broken Sales Funnel Gets Misdiagnosed | Sales Funnel Audit Service |
More Definitions: Top of the Funnel Definition, Middle-of-Funnel Definition, Funnel Math Definition, Coffee Is for Closers, Closed Won Meaning, Closed Lost Meaning
