Acronyms Flashcards
Mktg
Marketing Abbreviation
Starting off the list of digital advertising acronyms and marketing abbreviations is the primary one: Mktg or Marketing!
AIDA
Attention, Interest, Desire, Action
It is a four-step purchase funnel where customers travel from attention to action
BANT
Budget, Authority, Need, Timeline
The BANT formula is there to determine whether their business prospects have the budget, authority, need, and timeline to buy what they sell.
BR
Bounce Rate
The percentage of the people who land on your web page and return within 3 seconds
CMO
Chief Marketing Officer
The CMO must know the marketing fundamentals and strategic thinker
COS
Content Optimization System
By using CMS, optimizing content for best user experience
CPA
Cost Per Action
A model in which an advertiser pays only for the action someone takes like a click, impression or sale.
CPL
Cost Per Lead
The amount it costs for your organization to acquire a lead
CR
Conversion Rate
CR is a sales acronym. The people who completed the desired action on a web page, such as making a purchase
CRO
Conversion Rate Optimization
The process of optimizing your website like the design of your website for increasing conversion rates
CTA
Call to Action
The call to action button is like sign up, subscription form, purchase, like, or follow button
DM
Direct Mail/Direct Message
A direct message is a private form of communication that is only visible to the sender and receiver.
PR
Public Relations
The professional maintenance of a good public image by a company.
PV
Page Views
The number of views or impressions that your web page has got.
QR Code
Quick Response Barcode:
These are the codes that marketers generate to bridge offline and online marketing.
RT
Retweet
A retweet is when you repost the tweet of someone else or one of your own.
SEO
Search Engine Optimization
SEO comes under the SEO acronyms. The optimization of your website for getting ranked in search engine result pages.
SMM
Social Media Marketing
It is the use of social media platforms to promote a product or service.
UI
User Interface
A good user interface provides user-friendly experience by allowing users to interact.
URL
Uniform Resource Locator
URL is actually the web address.
UV
Unique Visitor
A person who visits your website more than once within a defined period of time.
UX
User Experience
The overall experience that a customer has with your business.
B2B
Business to Business
It is a communication between two different businesses.
B2C
Business to Customer
The communication between a customer and a business.
CMS
Content Management System
A web application that is specifically designed to make the process of creating, editing, and managing website easy for non-technical users.
CRM
Customer Relationship Management
It is the relationship of your business with the customers.
GA
Google Analytics
A service by Google to provide you with detailed statistics about your website’s traffic.
KPI
Key Performance Indicator
In the first step, you must be aware of the goals and success metrics of your business. They should be the indicators of your success.
MAP
Marketing Automation Platform
It is the use of software to automate marketing activities.
RSS
Rich Site Summary
An RSS feed provides you with the website’s updated information. The customers don’t need to open the website.
PPC
(Pay Per Click):
PPC comes under the PPC acronyms. A model when a marketer gets a certain amount when it’s publisher’s ad is clicked.
CPC
Cost Per Click
The amount of money spent to get an ad clicked when running PPC campaigns.
CTR
Click Through Rate
The percentage of the number of clicks on CTA over the total number of people that can click.
ABC
Always Be Closing
The seller must know about always be a closing acronym. Try to be close to the customer.
AE
Account Executive
As the name implies, the head of the accounts of an organization is the account executive.
AIDA
Attention, Interest, Desire, Action
It is a four-step purchase funnel where customers travel from attention to action.
AM
Account Manager
The person who manages the accounts of an organization.
ARPA
Average Revenue Per Account
It is the average revenue generated by an account.
BDR
Business Development Representative
The person who is responsible for representing the development of a business.
CLTV
Customer Lifetime Value
It is a prediction of the net profit attributed to the entire future relationship with the customer.
COB
Close of Business
It means EOD (End of Day) that is 5 P.M