Goal Conversion is the action you expect a visitor to take during a visit.
The path the visitor takes to reach this goal is called the funnel.

Here’s a step by step guide to how you can set a goal using Google Analytics.
Google Analytics allows you to set 4 goals per profile.
If you have more goals to set, set up a different profile and set the additional goals in that profile.

Steps:
1. Log in to your Google Analytics account and click Analytics Settings.
2. Find the profile for which you will be creating goals, and click Edit.

3. Select one of the 4 goal available for that particular profile and click on Edit.

4. Enter the Goal URL. Reaching this page denotes a successful conversion. For example, a registration confirmation page, a checkout complete page, or a thank you page.
In case of Pune360 it is the Registration conversion page.

5. Enter the Goal name as it should appear in your Google Analytics account. Pick a meaningful name since you’ll have many Goals to set up

To define a funnel.
What’s a funnel?
It’s a path that you expect users to optimally take. Users may not always take this path. But based on your traffic you need to figure out which is the optimal path and set it up here.

1. Enter the URL of the first page of your conversion funnel. This page should be a page that is common to all users working their way towards your Goal. We will start with the pune360.com homepage: www.pune360.com
2. Enter a Name for this step.
3. If this step is a Required step in the conversion process, select the checkbox to the right of the step. If this checkbox is selected, users reaching your goal page without travelling through this funnel page will not be counted as conversions. I haven’t selected any Required Steps in this example.
4. Continue entering goal steps until your funnel has been completely defined. You may enter up to 10 steps, or stick with one.

Turn the goal On.. This is the step that most folks miss.

Now go to Reports/Goals/FunnelVisualization and you can see all the info.
It takes a few days for this to build since it is dependent on people clicking through. Depending on your website traffic you can estimate how long it will take to get adequate traffic to make this report look meaningful.

Let me know if you have any specific questions on goals.