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KEY MARKETING TERMS
UNDERSTANDING MARKETING
Term | Definition |
|---|---|
Click-Through: | The action of a user clicking on a digital advert or link to reach a specific destination. |
Cohort: | A group of users who share a common characteristic, such as signing up in the same week, often used for analysis. |
Competitive Analysis: | The process of identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to your own. |
Content Marketing: | Creating and sharing valuable, relevant online material (such as videos, blogs, and social media posts) that does not explicitly promote a brand but is intended to stimulate interest in its products or services. |
Conversion: | The point at which a recipient of a marketing message performs a desired action, such as making a purchase or filling out a form. |
Copywriting: | The art and science of writing text (copy) for the purpose of advertising or other forms of marketing. |
Cross-sell: | A sales technique used to encourage a customer to buy a related or complementary product. For example, selling a phone case to someone buying a new phone. |
Customer Journey: | The complete sum of experiences that customers go through when interacting with your company and brand. |
Dashboard: | A tool used to visualise important marketing data and track performance metrics in one easy-to-read place. |
Demo: | A demonstration of a product or service to a prospective customer to show how it works and what it can do for them. |
Drip Campaign: | A series of automated emails sent to a specific group of people over time, designed to nurture them towards a specific action. |
Ebook: | A digital book (longer than a blog post) that is used as a marketing tool to provide in-depth information on a topic and generate leads. |
Email Marketing: | The use of email to promote products or services while developing relationships with potential customers or clients. |
Engagement Rate: | A metric that measures the amount of interaction (likes, comments, shares) that a piece of content receives relative to its reach or audience size. |
Event Marketing: | The process of developing a themed exhibit, display, or presentation to promote a product, service, cause, or organisation. |
Freemium: | A pricing strategy where a company offers a basic version of its product or service for free, with charges for advanced or premium features. |
Funnel (Marketing Funnel): | A model illustrating the theoretical customer journey from the moment of first awareness through to purchase and advocacy. |
Go-to-Market (GTM) Strategy: | An action plan that specifies how a company will reach target customers and achieve competitive advantage when launching a new product or entering a new market. |
Hashtag: | A word or phrase preceded by a hash sign (#), used on social media to identify messages on a specific topic. |
Heatmap: | A graphical representation of data where values are depicted by colour, often used on websites to show where users click and scroll the most. |
Homepage: | The main or introductory page of a website. |
Impressions: | The total number of times a piece of content, like an advert or a social media post, is displayed on a screen. |
Influencer Marketing: | A type of social media marketing that uses endorsements and product mentions from individuals who have a dedicated social following and are viewed as experts within their niche. |
KPI (Key Performance Indicator): | A measurable value that demonstrates how effectively a company is achieving key business objectives. |
Keywords: | The words and phrases that people type into search engines to find information, which SEO and SEM campaigns target. |
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