← Sales Funnels
Sales Funnels Glossary
Every field has its jargon. Here are the terms this course uses, explained the way you’d explain them to a friend — no dictionary voice, no assumed knowledge.
- Funnel
- The designed path a stranger walks to become a customer — typically attention, interest, desire, and action — with each step measured and improvable.
- Lead magnet
- A free resource valuable enough that a stranger trades their email address for it. The narrower and more specific, the better it converts.
- Opt-in rate
- The percentage of landing page visitors who give their email. Twenty emails from 100 visitors is a 20% opt-in rate.
- Landing page
- A standalone page with exactly one job — usually earning the email — and no navigation or distractions.
- Welcome sequence
- The series of emails a new subscriber receives in the first days after opting in, designed to build trust and make the first offer.
- Customer acquisition cost (CAC)
- Everything you spend to get one paying customer: ad spend divided by number of customers acquired.
- Customer lifetime value (LTV)
- The total revenue you expect from one customer over the whole relationship. The golden rule: CAC must stay comfortably below LTV.
- Order bump
- A low-priced add-on offered on the checkout page itself — one click, no extra form — that raises average order value.
- Upsell
- An offer made immediately after the purchase, while buying momentum is highest. Distinct from an order bump only in placement and price.
- Risk reversal
- A guarantee or promise that removes the buyer’s risk of saying yes — the stronger and more specific, the better it converts.
- A/B test
- Running two versions of one page or email against each other with traffic split between them, so you learn which converts better instead of guessing.
- Conversion rate
- The percentage of people who take the desired action at a given step — visitors to leads, leads to buyers, and so on.
- Tripwire
- A low-priced introductory offer (often $7–$47) whose real job is converting a subscriber into a buyer, making the second purchase far easier.
- Abandonment
- When someone starts a step — a form, a checkout — and leaves before finishing. High abandonment at one step pinpoints exactly what to fix.