The Full Guide to Strategic Fundraising with KOLs in the Crypto Space

Understanding the Basics of Marketing Funnels

9 min read
Mar 13, 2021

Have you ever heard about marketing funnels? If you have any knowledge about marketing, it’s likely that you at least have heard about funnel marketing. Although, perhaps you still wouldn’t be able to explain it to somebody with a hundred percent certainty.

In this week’s blog post, we’ll go over the basics of funnels, give you a few tips and let you know what’s good to keep in mind when setting up a marketing funnel for your business.

Funnels are all about attracting new customers or viewers to your business.

Awareness

The first step of a marketing funnel is where you create awareness. You explain briefly about the what, why, who, where, and how. Especially, it’s important to convey why your product or service is going to make a difference and what makes it different. Who is mostly going to benefit? Where can they purchase it or contact you? This stage should give a general idea of what your business is and what you do.

The first step of the marketing funnel could be for example that someone sees your ad on social media, hears about you on a podcast, searches for your type of product on Google, or watches a YouTube video on your channel.

awareness

Interest

At the next level of the funnel, many people have left and moved on to the next thing. Although, the ones that stayed are hooked and want to know more. Now they might be on your website searching for specific products or information. Perhaps they subscribe to your channel or newsletter and give you some likes on your content. Maybe they join one of your webinars.

At this stage it’s great to include plenty of calls to action methods that will lead the prospect towards the consideration and conversion steps.

Consideration

At this point, we are very close to conversion. It’s apparent that they like your product or service. What usually happens here is they compare you to your competitors to see where they would get the most value for their money. Now is your time to show them your secret ingredient that only you can make.

Remember that sometimes the value or special ingredient lays in the way you present yourself, personality, reponsiveness and meeting them on a personal level. In the end people value trust and mutual understanding higher than functionality because that is what is needed for a long lasting relationship in any form.

Consideration

If you have a great product but for example don’t respond to the customer when they have an issue with it - you failed. If you're an expert at what you are doing but you serve them in a bad mood, they are less likely to call you again. It’s much more about creating a great consumer experience than we might think - especially in a competitive environment.

Conversion

This is the stage where you bring offers to the table. Imagine they are ready to reach for their credit card and you need to offer something that would actually make them take it out and make a purchase.

You might give them a gift if they order your product before a certain date. Maybe you can offer them one week’s free trial to try your cloud based software, or a free ebook or course. Something that doesn’t cost you much (or anything at all) but brings a lot of value to the customer is a great way to make the customer feel like that they are getting more for their money than they had expected.

Conversion

Every company, product, and service is different and there is a specific formula that works for each one. The challenge is to figure out what ties the bond between you and your customers.

With a great marketing strategy, you can meet your customers at all the funnel levels. We help you push your audience through the whole process and bring you more conversions!

Tim Haldorsson
CEO
CEO of crypto and Web3 marketing agency Lunar Strategy, involved in the crypto scene since 2017. Provides forward-thinking Web3 marketing insight as a contributor to Cointelegraph, Rolling Stone, Daily Coin, NFT Plazas, and Finance Magnates.
Jack Haldorsson
CMO
CMO at Lunar Strategy. Been in the crypto space since 2017. Jack leverages his know-how of the blockchain ecosystems and strong KOL relationships to execute result-focused strategies that amplify brand storytelling, drive awareness and grow the project sustainably with the help of Influencer relations.
Adam Westerén
Head of Sales
Adam's passion is to create self-sustainable communities in the Web3 world. He enjoys when you create a Web3 community that can grow by itself. This is what he does in his current role as Head of sales.
William Rejström
COO
As a Community Manager at Lunar Strategy, I'm passionate about finding new ways to connect people, add value and build strong community relationships.
Shann Holmberg
COO
As head of growth at Lunar Strategy, I understand the significant shift away from traditional marketing strategies that Web3 projects require.
Nick Ballanutsa
Crypto Content Creator
Crypto Content Creator, Nick is creating engaging Twitter threads & posts for leading crypto & NFT companies.
Vide Haldorsson
Influencer Manager
Influencer Manager at Lunar Strategy.
Johnny Pedro
Head of Partnerships
Head of Partnerships at Lunar Strategy, creating win-win solutions for Web3 companies. You might have heard his music on Tomorrowland from his previous ventures in the music industry.
Jarrod Frankel
Head of Community
Jarrod is responsible for the teams that provide both engaging social media content and enticing and informative articles for our clients.
Tayler McCracken
Editor at Coin Bureau
Tayler McCracken is the Editor-in-Chief of the Coin Bureau, a leading publication that provides cryptocurrency education.
Vineet Nair
Writer
As a web3 storyteller, Vineet brings a wealth of experience in content, journalism, and management, with hands-on knowledge of metaverses, NFTs, AI, and finance.
Hassan Shafiq
Lunar Strategy
Lunar Strategy.
Mairead Finlay
Writer
British writer specialising in NFTs, luxury lifestyle & travel based in Portugal. Previous publications include Business Insider, LoveEXPLORING, The Guardian and My French Country Home Magazine. Previously the SEO Editor of tech & startup website TechRound.
Sandra Vukovic
Content & Marketing Specialist
Content & Marketing Specialist at Lunar Strategy.
David Kevin Jeppesen
Lunar Strategy
Raised in the spring of technology, solving problems and finding simple digital solutions is part of my nature. I’m a teachable individual who is always eager to learn and develop as a person.
Julieta Ose
Crypto Content Creator
Crypto Content Creator at Lunar Strategy.
Gino De Graaf
Google Ads Specialist
Google Ads Specialist at Lunar Strategy.
Sam Runge
Media Manager
Lunar Strategy.
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