3 ways life is like a sales funnel

Monday, November 7, 2011 | |

Sales organizations are fond of using something called a “sales funnel” to track all of the open opportunities of their sales teams. The idea is that you need a lot of potential opportunities at the wide end (or top) of the funnel because most of these will fall out (decide not to buy something), for one reason or another, before they get to the bottom. Only by filling the funnel with enough high quality prospects, the thinking goes, will there be a steady stream of buying customers at the bottom of the funnel.

It struck me today that maybe we can borrow this concept when we think of our own lives. Here are three ways a sales funnel is like a life funnel:

1. Quantity counts

Sales Funnel: Sales is often called “a numbers game,” meaning that with enough prospects in your funnel, you’re likely to end up hitting your sales targets.

Life Funnel: When you look at your own life, do you have enough experiences and activities that excite you or do you need to prospect until your funnel has enough to keep you happy?

2. Prospecting never ends...even when we’re busy

Sales Funnel: The successful salesperson is constantly prospecting for new business, especially when they’re about to lose prospects that fall out of the funnel and become buying customers. When business is good (and busiest!), the successful salesperson makes time for prospecting.

Life Funnel: Even if you’re content in your life at the moment, might you want to take on some new experiences that could turn into things that you really enjoy? Does the feeling of being “too busy” prevent you from looking for new opportunities? What happens when/if your current activities lose their appeal?

3. Quality counts too

Sales Funnel: The successful salesperson is honest about the possibility of each opportunity turning into a sale or falling out of the funnel. The smartest work those that have real potential and get the others to say “no” so they can remove them from the funnel.

Life Funnel: How many activities or experiences in your life funnel do you truly enjoy and how many are just taking up space because you haven’t had the courage to admit they don’t really fit in your life? Do you commit most of your time to the things that have the biggest impact on your happiness? Are you ready to remove things from your funnel that aren’t important and never will be?

When I think about my life funnel, I want to make sure I’m keeping it filled with the things that matter to me: my family, my health, my career, rewarding experiences and adventures, my 500 words. I need to make sure I’m prospecting to add more positive experiences, and at the same time I need to get rid of some things that are just taking up space in my funnel.

How about you?

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