The Purchase Funnel is dead. Long live the Purchase Funnel!
A friend from Chicago sent me this article from McKinsey Quarterly.
On my first read, what came to my mind was that they actually did not come up with new facts. In fact, the authors themselves state that the obvious goal of marketing is to influence a potential buyer to decide on/buy your product, and use every means of persuasive communications at your disposal to influence that purchasing decision. It was something that leading marketers like P&G used to do well (think of their “soap operas”) and modern marketers like Amazon built their business on. But today it seems like we’ve lost that art of thinking through the most influential touch points and engaging with people there.
But at a second glance, you see that McKinsey at least affirmed what a lot of us have been saying to our clients for a while now, with extensive research in 5 industries and 3 continents, including big cities in emerging markets such as India and China. They redrew the traditional funnel into a loop-like model, which again, is not revolutionary because the purchase funnel has always been considered a loop, but it does paint a new picture. It impresses upon us two important things:
1) Consumers have changed the way they make decisions, but we haven’t changed the way we engage them. Or not enough.
2) Consumer decision process in nonlinear and dynamic.

So what McKinsey has done with this study is bring data about category, brand and consumer/touch points all in one place and brought the consumer decision path back to the center of integrated communications, where it belongs. And since the decision-making process has become more complex, dynamic and its phases interdependent, marketers need to know what kind of touch points are relevant to influence people in which phase of the process and how these efforts play together in an optimal way. It forces marketers to think through their communication plans with more rigor, and re-think (and maybe add or remove) touch points/tactics to better influence consumer decisions and move people towards the end purchase in a systematic way.
But ever the healthy skeptic about research, I would give anything to know more about the research design and questionnaires and how they recorded behavioral information in the various markets. Anyway, at least the focus on studying shopping behaviours across all channels and how they come into play differently for different categories is great!



Funny adage from 
