Funnel-thinking vs Flywheel-thinking
Flywheels are all the rage these days, but the old funnel still has a place.
Here's how to use both...
Traditional funnel-thinking needs to happen when you're zooming in, like:
- Pinpointing A and B (where you want to take a customer to and from)
- Evaluating the performance of a campaign / process (or parts of it)
Modern flywheel-thinking needs to happen to ensure everything fits together when you zoom out:
- Do we have a plan for turning strangers into ambassadors, into...?
- Do we have a clear multi-year success roadmap for this customer type?
- Are we aligned across teams to build forward momentum, and does 1+1=3>?
You need to help customers pinpoint and reach goals, continuously, but to do that you need to zoom in and optimize.
No out-of-the-box template will fit you perfectly in every situation, and starting from a template can be damaging.
Make sure you start with the end in mind, and break it down from there.