A Guide To Marketing Vocabulary and Acronyms
Marketing can be a maze of complex concepts and industry-specific jargon. Whether you're a seasoned professional or a novice just breaking into the field, this comprehensive guide will help you navigate the labyrinth of marketing terminology.
Let's dive in!
A
A/B Testing: Also known as split testing, this is a method of comparing two versions of a webpage, email, or other marketing asset to see which performs better.
Above the Fold: This term originates from newspaper print advertising but now refers to the portion of a webpage visible without scrolling.
Affiliate Marketing: A type of performance-based marketing where a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts.
Analytics: The systematic computational analysis of data or statistics. In marketing, it often refers to the collection and analysis of data relevant to one's business.
B
B2B (Business to Business): This acronym refers to businesses that sell products or services directly to other businesses.
B2C (Business to Consumer): This term refers to businesses that sell products or services directly to consumers.
Brand Awareness: The extent to which a brand is recognized by potential customers and correctly associated with its particular product or service.
Buyer Persona: A semi-fictional representation of your ideal customer based on market research and real data about your existing customers.
C
Call to Action (CTA): An instruction to the audience designed to provoke an immediate response, usually using an imperative verb such as "call now", "find out more" or "visit a store today".
Churn Rate: The percentage of subscribers to a service who discontinue their subscription to that service in a given time period.
Click-Through Rate (CTR): The ratio of users who click on a specific link to the number of total users who view a page, email, or advertisement. It is commonly used to measure the success of an online advertising campaign.
Content Marketing: A strategic marketing approach focused on creating and distributing valuable, relevant, and consistent content to attract and retain a clearly defined audience — and, ultimately, to drive profitable customer action.
D
Direct Marketing: A form of advertising where organizations communicate directly to customers through a variety of media.
Display Advertising: A type of online advertising that comes in several forms, including banner ads, rich media, and more.
Drip Campaign: A method used in direct marketing to acquire customers through lead nurture programs. It involves sending marketing information to prospects repeatedly over longer periods of time.
E
Email Marketing: The use of email to promote products and/or services. But a better email marketing definition is the use of email to develop relationships with potential customers or clients.
Engagement Rate: A metric that measures the level of engagement that a piece of created content is receiving from an audience. It shows how much people interact with the content.
Evergreen Content: Content that continues to be relevant long past its publication, so traffic grows over time.
F
Funnel: A model that illustrates the journey towards the conversion of a customer, starting with all the potential customers and ending with those who complete the desired action.
G
Google AdWords: Google's advertising system in which advertisers bid on certain keywords in order for their clickable ads to appear in Google's search results.
Gross Rating Point (GRP): A standard measure in advertising, it measures the size of an audience reached by a specific platform or advertisement.
H
HTML (HyperText Markup Language): The standard markup language for documents designed to be displayed in a web browser.
Hashtag: A word or phrase preceded by a hash sign (#), used on social media websites and applications to identify messages on a specific topic.
I
Impressions: The number of times your content is displayed, regardless of if it was clicked or not.
Inbound Marketing: A strategy that focuses on attracting customers, or leads, via company-created Internet content, thereby having potential customers come to the company rather than marketers vying for their attention.
Influencer Marketing: A form of social media marketing involving endorsements and product placement from influencers, people and organizations who possess an expert level of knowledge and/or social influence in their respective fields.
J
Journey Map: A visual interpretation of an individual’s relationship with an organization, service, product, or brand over time and across channels.
JPEG (Joint Photographic Experts Group): A commonly used method of compression for photographic images.
K
Keyword: A particular word or phrase that describes the contents of a web page. Keywords are intended to act as shortcuts that sum up an entire page.
KPI (Key Performance Indicator): A measurable value that demonstrates how effectively a company is achieving key business objectives.
L
Landing Page: A standalone web page, created specifically for a marketing or advertising campaign. It's where a visitor "lands" after they click on a link in an email, or ads from Google, Bing, YouTube, Facebook, Instagram, Twitter, or similar places on the web.
Lead: A prospective consumer of a product or service, created when an individual or business shows interest and provides contact information.
Lifetime Value (LTV): The prediction of the net profit attributed to the entire future relationship with a customer.
M
Marketing Automation: The use of software and Web-based services to execute, manage and automate marketing tasks and processes.
Mobile Marketing: Multi-channel, digital marketing strategy aimed at reaching a target audience on their smartphones, tablets, and/or other mobile devices, via websites, email, SMS and MMS, social media, and apps.
Multichannel Marketing: The practice of interacting with customers using a combination of indirect and direct communication channels.
N
Native Advertising: A type of advertising, mostly online, that matches the form and function of the platform upon which it appears.
Net Promoter Score (NPS): A customer loyalty metric that measures customers’ willingness to not only return for another purchase or service but also make a recommendation to their family, friends or colleagues.
O
Organic Traffic: Visitors who come to your website as a result of unpaid ("organic") search results.
Outbound Marketing: Traditional form of marketing where a company initiates the conversation and sends its message out to an audience.
Owned Media: Any web property that you can control and is unique to your brand.
P
Paid Media: External marketing efforts that involve a paid placement, such as PPC advertising, branded content, and display ads.
Pay-Per-Click (PPC): An internet advertising model used to drive traffic to websites, in which an advertiser pays a publisher when the ad is clicked.
Programmatic Advertising: The automated buying and selling of online advertising.
Q
Quality Score: Google's rating of the quality and relevance of both your keywords and PPC ads. It is used to determine your cost per click (CPC).
Quantitative Research: The process of collecting and analyzing numerical data. It can be used to quantify attitudes, opinions, behaviors, and other defined variables.
R
Return on Investment (ROI): A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments.
Retargeting: A form of online targeted advertising by which online advertising is targeted to consumers based on their previous Internet actions.
Responsive Design: An approach to web design that makes web pages render well on a variety of devices and window or screen sizes.
S
Search Engine Optimization (SEO): The practice of increasing the quantity and quality of traffic to your website through organic search engine results.
Social Media Marketing (SMM): The use of social media platforms and websites to promote a product or service.
Segmentation: The process of dividing a market of potential customers into groups, or segments, based on different characteristics.
T
Target Audience: A particular group at which a product or the marketing message of a product is aimed at.
Traffic: The amount of data sent and received by visitors to a website.
Trend Analysis: An aspect of technical analysis that tries to predict the future movement of a stock based on past data.
U
Unique Visitor: A person who visits a site at least once within the reporting period. Each visitor to the site is only counted once during the reporting period, so if the same IP address accesses the site the site many times, it still only counts as one visitor.
User Experience (UX): A person's emotions and attitudes about using a particular product, system or service. It includes the practical, experiential, affective, meaningful, and valuable aspects of human–computer interaction and product ownership.
User Interface (UI): The space where interactions between humans and machines occur. The goal of this interaction is to allow effective operation and control of the machine from the human end.
V
Viral Marketing: A business strategy that uses existing social networks to promote a product. Its name refers to how consumers spread information about a product with other people, much in the same way that a virus spreads from one person to another.
Value Proposition: A promise of value to be delivered, communicated, and acknowledged. It is also a belief from the customer about how value will be delivered, experienced and acquired.
W
Webinar: A live, virtual event that is executed online. It is an educational or instructive session that includes audio and visual communication between a speaker and attendees.
Word-of-Mouth Marketing: The passing of information from person to person by oral communication. Customers are the most credible source of ideas about a brand or product.
X
XML (eXtensible Markup Language): A markup language that defines a set of rules for encoding documents in a format that is both human-readable and machine-readable. It is often used for the representation of arbitrary data structures such as those used in web services.
Y
YouTube Marketing: The practice of promoting businesses and products on YouTube’s platform, by uploading valuable videos on a company’s YouTube channel or using YouTube ads.
Z
Zero Moment of Truth (ZMOT): The moment when a consumer is researching a product online before they have decided what to buy. It’s critical for brands because it’s the moment when consumers are forming opinions about a product or service.
Zone of Proximal Development (ZPD): While not a traditional marketing term, ZPD is used in educational psychology and can be applied to marketing. It refers to the difference between what a learner can do without help and what they can't do. This can be applied to consumer education or understanding of a product or service.
That's all, folks! You've just navigated the A to Z of marketing jargon. Armed with this knowledge, you're better prepared to navigate the world of marketing and understand the industry lingo. Remember, the marketing world is ever-evolving, so keep an eye out for new terms and trends.