Question

Funnel model of customer acquisition conversion and retention

Answer 1

Explanation:

Funnel helps to clear out the way in a customer's buying cycle. It gives them a reason to step right to your business pipeline, from where the sales team can take them through further nurturing and establishment of a good customer relationship.

Answer 2

Your customer acquisition funnel is a process/place where you turn prospects into customers. ... Large companies too have leakage/blockage points in their customer acquisition funnel. When this is fixed, it often translates into huge boosts for their growth and revenue.