100 marketing terms every small business owner needs to know
We have compiled a number of marketing terms every small business owner needs to know.
Part 1: The Basics
- Advertising: Paid promotion of a product or service.
- Brand: The name, logo, and other visual elements that identify a company or product.
- Campaign: A coordinated set of marketing activities designed to achieve a specific goal.
- Content marketing: The creation and distribution of valuable, relevant, and consistent content to attract and retain a clearly defined audience — and, ultimately, to drive profitable customer action.
- Conversion rate: The percentage of website visitors who take a desired action, such as making a purchase or signing up for a newsletter.
- Customer journey: The path that a customer takes from the moment they first become aware of a product or service to the moment they make a purchase or take another desired action.
- Email marketing: The use of email to communicate with customers and prospects.
- Inbound marketing: A marketing strategy that focuses on attracting and retaining customers by creating valuable content that they are interested in.
- Marketing mix: The four elements of marketing: product, price, place, and promotion.
- Marketing plan: A document that outlines the goals and strategies for a marketing campaign.
- Marketing research: The process of gathering and analyzing data about customers, competitors, and the market.
- Marketing strategy: The overall approach to marketing a product or service.
- Marketing tactics: The specific activities that are used to implement a marketing strategy.
- Public relations (PR): The practice of building relationships with the media and other influencers in order to generate positive publicity for a company or product.
- Sales: The process of persuading customers to buy a product or service.
- Target market: The group of people that a company is trying to reach with its marketing efforts.
- Value proposition: A statement that explains what a product or service does and why it is better than the competition.
Part 2: Digital Marketing
- A/B testing: The process of testing two different versions of a marketing message or campaign to see which one performs better.
- Content marketing: The creation and distribution of valuable, relevant, and consistent content to attract and retain a clearly defined audience — and, ultimately, to drive profitable customer action.
- Email marketing: The use of email to communicate with customers and prospects.
- Inbound marketing: A marketing strategy that focuses on attracting and retaining customers by creating valuable content that they are interested in.
- Online advertising: The use of online channels, such as search engines, social media, and display networks, to reach potential customers.
- Social media marketing: The use of social media platforms to connect with customers, build relationships, and promote products or services.
- Search engine optimization (SEO): The process of improving the visibility of a website in search engine results pages (SERPs).
- Search engine marketing (SEM): The use of paid advertising to appear at the top of SERPs.
- Social media advertising: The use of social media platforms to run paid ads.
- Web analytics: The process of collecting and analyzing data about website visitors.
Part 3: Other Marketing Terms
- Brand awareness: The extent to which a brand is known and recognized by potential customers.
- Customer lifetime value: The total amount of money that a customer is expected to spend with a company over their lifetime.
- Demand generation: The process of creating and nurturing interest in a product or service.
- Market segmentation: The process of dividing a market into groups of customers with similar needs and wants.
- Marketing mix: The four elements of marketing: product, price, place, and promotion.
- Marketing research: The process of gathering and analyzing data about customers, competitors, and the market.
- Marketing strategy: The overall approach to marketing a product or service.
- Marketing tactics: The specific activities that are used to implement a marketing strategy.
- Return on investment (ROI): The amount of money that a company makes from an investment.
- Target market: The group of people that a company is trying to reach with its marketing efforts.
- Value proposition: A statement that explains what a product or service does and why it is better than the competition.
I hope this helps!