Say what? Marketing jargon, illuminated.
Nearly every industry and profession has its own language; a series of abbreviations, acronyms, amalgams and sometimes made-up terms (one of my favorites is strategery) to foster more efficient communication. Communications and marketing professionals are undeniably guilty of this (as is higher education, but thats a story for another time). Though we often revel in our own special language, for those of us who arent in the know, these terms can often cause others to feel less important, confused or alienated.
To help remedy this, Jeff Exstrum, MarComms interim senior director for marketing and brand management, compiled a list of common marketing terms that will help you keep pace with even the most fluent jargonistas (Yes, he made up that word).
Analytics
Analytics is the collection of meaningful information and patterns, to determine whats working, what isnt, and how to adjust accordingly. How many people visit your website, comment on your social media post, or complete your request form?油This油information, along with why it is (or isnt) relevant,油helps us make better decisions.油Which in turn helps us engage more effectively with our customers. Plus, sometimes big numbers are just fun to show-off.
B2B / B2C
B2B stands for business-to-business, used to describe companies and efforts aimed at other companies (not people). Google, IBM and Salesforce are primarily B2B companies.
B2C stands for油business-to-consumer; in other words,油companies油and efforts aimed at an油actual, breathing person. Most retail companies (Amazon, Apple, Nike, etc.) fall into this category, as does higher education.
CTA
An industry favorite, CTA stands for call-to-action. Taking many forms (buttons, links, images, persuasive language, etc.), the call-to-action exists to get the consumer to actually do something. Join, subscribe, attend, RSPV, visit, learn more, apply nowall examples of calls-to-action doing what they do best.
Conversion
As a marketer, if youve done a good job, sooner or later youll turn a passively interested viewer into an active customer. That transition is called conversion, and its one of the core goals behind most marketing efforts. Put another way: when you catch a fish, youve successfully converted it from an interested observer into dinner. Not great for ensuring repeat business, if you happen to be the fish.
DMA
DMA stands for Defined Market Area; a term marketers and advertisers love to throw out when they want to sound smart. In reality, all it means is a specific geographic area. For example, the Denver DMA includes the Denver Metro area, as well as the I-25 corridor from Ft. Collins to Colorado Springs.
Drip
Not just a 1950s insultor 21st century fashion complimentdrip also refers to a specific type of marketing strategy. Specifically, a campaign or effort that delivers pre-scheduled content to a set of customers over a certain amount of time. Remember that time you shared your email with a company to download a white paper, and then received daily emails from them for the next several weeks (or forever)? Thats drip marketing at its finest (and most annoying).
Engagement
No, this isnt (just) a wedding industry term. Engagement refers to how your customers are responding to your marketing & communications efforts, based on your KPIs and goals.油How many people are participating, how often are they participating, and in what forms are they participating? Youll most often hear this in relation to social media content, but engagement can be measured in virtually any customer interaction. 500 people RSVPd yes to your event, but only 19 showed up, you say? Wed call that poor engagement.
Impressions
Marketers love to hold up giant impressions numbers, to get their clients excited. Howeverand Im risking my marketers guild membership for saying thisimpressions are a bit of a double-edged sword. They refer to the number of times an ad or piece of content has been servedthe number of people who MAY have seen it, not the number of times it was read, remembered or acted upon. Remember those ads bombarding you at the airport? Of course you dont. Theyre practically everywhere you look, but how many do you actually pay attention to or remember? Thats the difference between impressions and engagement.
KPI
If youve been part of a 91心頭 marketing effort, campus-wide initiative or (*gasp*) budget planning team, you have most likely run afoul of the dreaded KPI. An imposing placeholder for key performance indicator, KPIs are really code for how you plan to measure success. Knowing is half the battle.
Lead generation / lead-gen
Remember that cup full of business cards near the register of your favorite coffee shop? Thats old-school lead generation at its finest. In a nutshell, it is the油process of stimulating and capturing attentionof getting your customer to share their interests and contact informationfor the purpose of adding them to your marketing pipeline.油
Nurturing
Not the strategy of giving away free milk and cookies (wouldnt it be nice if it were?). Nurturing refers to the油action of cultivating customer leads (see lead generation above) until theyre ready to take action. Sometimes, this is quick and dirty; in other casesespecially higher educationit may span months or even years.
PPC
A stand-in for pay-per-click, this term refers to an advertising model that lets marketers place ads on a 油platformthink Google, Facebook, Instagram and LinkedInand pay the host of that platform every time their ad is clicked. From a marketing perspective, PPC ads are useful in that you only pay when a user clicks on themmeaning you can get your message in front of a lot of eyeballs (AKA, impressions) without breaking the bank. Those banner ads that seem to follow you around the internet? PPC. Those sponsored results that come up every time you do a search on Google? You guessed it.
Retargeting / remarketing
If at first you dont succeed, try, try again. Retargeting refers to an aspect of marketing campaigns where, should a consumer express interest but not take action, you try and get them to commit by following up. Remember that time you looked at shoes on Zappos, and the next time you visited the Denver Post websiteshazam!an ad for the exact same shoes appeared on the page? Congratulations, youve just been retargeted, my friend.
ROI
ROI stands for return on investment. If key performance indicators and analytics had a baby whose first toy was a calculator, it would be ROI. Incessantly converting your goals and performance into dollar values, reminding you whether youve chosen wisely or poorly. And unlike in accounting or analytics, with ROI you always want a positive outcome.
SEO
Short for search engine optimization, it refers to the process of improving your website to increase its visibility in relevant search results. The higher it appears in search results, the more likely you are to get attention and attract customers to your company, product or service. How do you improve your sites SEO? Magic. Just kidding; its a combination of having good, fresh content, relevant keywords, a strong user interface and user experience design, and usability across desktop, tablet and mobile devices. Easy, right?
UI / UX / CX
The trifecta of modern marketing acronymsand the most-often confused for one another. UI, or user interface, refers to the specific assets, elements and interactivity of a product, tool or system. Good UI design helps users find their way and complete their journey more quickly and efficiently. Poor UI design may not only contribute to a negative user experience, it may land you in accessibility jail (AKA legal trouble). Dont say I didnt warn you.
UX, or user experience, are the impressions and feelings a user has with a company, product or service during a single encounter. A visit to your website, attending an event, a call to your help desk, etc. A user experience may involve multiple user interfaces (the design of your website, the speaker at your event, the support options of your help desk, etc.) as part of the overall experience. Is UX important? You bet it is. Studies show that it takes five or more good experiences to counteract a single bad experience.
Last, but certainly not least, CX stands for customer experience. It refers to the sum of all touchpoints油a brand has with its customers, across every channel and at any time.油Put bluntly, the brand is the brand, no matter where it is experienced. If you watch a companys product overview on YouTube, purchase it via their website, and return it in-person, you may have completely different and seemingly unrelated experiences. But the sum of all those experiences forms your overall impression of the company, and influences whether youll interact with them in the future. This is why every single touch point and user experience matters.
There you have it; an assemblance of oft used marketing terms and definitions to help you make the most of your next team meeting or strategy session. Use them wisely and well; and feel free to dazzle your friends and colleagues with your newfound grasp of marketing jargon.
