The Marketing Must-Knows

In this overwhelming, ever changing world of digital marketing, it is crucial to understand the basics. To ensure that you don’t get caught up in the confusion, we are here to help. In this post you will find a glossary that scratches the surface of digital marketing curated to further help you illuminate your own brand.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

A/B testing: an experiment performed by showing two variants to different groups simultaneously and comparing performance, also called split testing

Analytics: the discovery and communication of meaningful patterns of data

Bounce rate: the percentage of people who visit a site and leave the site without navigating any further

Business to business (B2B): companies that exist to provide goods and services to other businesses

Business to consumer (B2C): companies whose products and services are sold directly to consumers, the end-users

Buying habit: the pattern of products consumers purchase and where they purchase them from

Buying motivation: the set of psychological factors that behind a customer’s purchase

Branding: the practice of creating a name, symbol, design, etc. that signifies and differentiates your product. Want to learn more? Click here to dive deeper into branding.

Call-to-action (CTA): a phrase on a button, link, image, etc., that encourages consumers to take the next step

Click-through rate (CTR): usually referring to paid promotion, it is calculated by dividing the number of clicks (on your ad, email, link, etc.) by the number of impressions. This helps you understand the relevancy of your content to your audience.

Content: information that is directed towards a specific audience that encourages a specific goal

Content Calendar: a tool intended to help plan and streamline the execution of social media posts and promotions. Need help with your content calendar? No worries, here you will find everything you need to know and even a free calendar template!

Conversion: when a consumer completes the desired action with a business such as reading a blog, making a purchase, or filling out a form

Corporate image: the manner in which a company presents itself to the public

Churn rate: the rate at which consumers stop engaging or buying from a company, also known as rate of attrition. This is calculated by subtracting users at the end of the period from users at the beginning of the period and dividing that value by the amount users at the beginning of the period.

Customer: a person or organization that buys goods and services from a business

Demographics: market segmentation based on religion, race, gender, age, family size, education, and income

Inbound Marketing: the process of attracting and creating value for customers through tailored experiences and differentiated content

Key Performance Indicator (KPI): a metric that indicates how well a brand is achieving key goals

Keyword: a strategic aspect of SEO and SEM that uses relevant, specific words that maximize reach and engagement for your intended audience

Market size: the number of potential buyers in a certain market

Marketing: the action (or business in our case) of promoting and selling products or services

Marketing strategy: a company’s game plan for reaching prospective customers and turning them into customers of their own product or brand

Marketing mix: a foundational model for businesses that focuses on product, price, place, and promotion

Multivariate testing: an experiment that includes changing multiple aspects of a website to discover which performs the best

Outbound Marketing: marketing outreach that is initiated by the company to draw in customers, rather than customers initiating the journey

Positioning: the place that a brand occupies in a consumer’s head and how it relates to competitors

Positioning statement: concise description of how you want the public to perceive your brand

Return on Investment (ROI): a performance indicator that looks at the profitability of a company’s investments, the ratio compares gains and losses relative to cost. The formula for this is revenue minus cost divided by cost

Search Engine Optimization (SEO): process of increasing web page visitors by prioritizing your site on the list of search engine results. Don’t stress, we have all the tools to help you with SEO here!

Stakeholder: anyone who can affect or be affected by a business, typically includes investors, customers, employees, and suppliers

“The Flywheel”: a marketing model that explains a company’s momentum it gains by placing the consumer at the center of the business strategy. Learn more about "The Flywheel" here.

“The Funnel”: a breakdown of a customer’s journey with a brand from initial introduction and awareness to the purchase stage

User Interface (UI): the interactive space of a website such as forms, navigation, etc.

Value Statement: message that communicates a company’s values and priorities

Confused on a digital marketing term? Let us know! We are here to take the confusion out of digital marketing to illuminate your brand! Contact us with any questions or comments.