Definitions
Marketing is full of industry terms, but what do they actually mean?
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A/B testing
A method of testing where two versions of content with a single differing variable are compared to determine which yields better results
Abandoned cart
When a potential customer adds an item to their cart, but doesn’t complete the purchase
Accessibility
Considering the needs of people with disabilities when products, services, and facilities are built or modified, making them usable by people of all abilities
Ad extension
A Google Ads feature that shows additional information about the business, such as website links, a phone number, or address
Alt text
A brief, written description of an image with the primary purpose of assisting individuals who are visually impaired
Attribution
Assigns credit for conversions from ads, last clicks, or other touch points along a user's path to conversion completion
Automated bidding strategy
A Google Ads feature that automatically sets a bid for an ad based on an ad’s likelihood to result in a click or conversion that helps achieve a specific goal
Awareness stage
The first stage of the marketing funnel, when a potential customer first becomes aware of the product or service
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Backlink
A link that points to a website from another site
Behavioural data
Refers to information about the actions a customer takes—or doesn’t take—when it comes to shopping on a website
Bidding strategy
Tells an advertiser how much to pay for each user action related to an ad
Bounce rate
The percentage of website visitors who view one page and then leave the site
Brand advocacy
Measures the number of customers who promote a brand through word-of-mouth marketing or other methods
Brand equity
The value consumers attribute to one brand’s offerings when compared with similar products from another brand
Brand identity
The combination of elements that inform how people perceive a brand
Breadcrumbs
A row of internal links at the top or bottom of the page that allows visitors to quickly navigate back to a previous section or the homepage
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Call to action
An instruction that tells the customer what to do next
Campaign
A plan of action for how a set of one or more ad groups that share a budget, location targeting, and other settings will be distributed online
Consideration stage
The second stage of the marketing funnel, when a marketer provides customer with more detailed information
Conversion rate
The percentage of users or website visitors who completed a desired action, such as clicking on a link in an email or purchasing a product
Conversion stage
The third stage of the marketing funnel, when a marketer capitalizes on the interest people have already shown
Cookie
A small file stored on devices that tracks user behaviour and analyses traffic
Crawlers
Automated software that crawls (fetches) pages from the web and indexes them
Customer journey
The path customers take from learning about a product, to getting questions answered, to making a purchase
Customer persona
Represents a group of similar people in a desirable audience
Customer relationship management (CRM) system
Software that helps a business manage and monitor its interactions with existing and potential customers
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