Digital marketing terms has its own language that describes the incredible relationship companies can build with the customers that buy from them. If you’re newer to digital marketing, it’s important that you get to know these terms, so you know what you’re doing and never feel left out of the conversation.
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Your conversion rate is one of the most important terms you’ll learn. This is the number of customers or leads that take a specific action. This can be anything from clicking ads to finishing a purchase: and help you figure out what might be stopping a customer from buying.
Search engine optimization is the effort taken to get your website as high in the search results as possible. This allows more people to find your site quickly and will guide them into clicking and trusting your website.
Pull marketing is sometimes referred to as inbound marketing, guiding your customers to come to your site. This is done via SEO and social media marketing and gives the customers the chance to come to find you, so they feel like they went of their own volition instead of being pulled in.
Customer Acquisition Cost
One of the top terms you’ll see mentioned by any online marketing agency is the customer acquisition cost. This tells you how much it costs on average to acquire a customer. To calculate this, divide the sales and marketing expenses by the total number of customers.
Your clickthrough rate is the number of clicks your advertisement receives versus how many impressions or views it has. So if you got five clicks out of five hundred impressions, your CRT is 1%.
Cost Per Click
Cost per click refers to how much money you spent on an advertisement: versus how many clicks it got. For instance, if you spent $100 on an advertisement and you got 200 clicks, your cost per click is fifty cents.
Impressions are the number of times your content or advertisement has been shown to users on that website. Your clickthrough rate is measured by checking how many advertisement clicks you have against how many impressions the advertisement had.
Marketing analytics is one of the best parts of digital marketing. This digital-driven approach allows you to measure how your ads are performing, lets you keep track of how many views and clicks everything receives and helps you get to know your conversion rate.
Customer Relationship Management
Customer relationship management, also referred to as CRM, is the way you build, maintain, and enhance your company’s relationship with your customers. Not only does it help you keep track of what type of contact had the greatest return, but it’s also awesome at giving you the chance to decide what to change for growth.
Digital Marketing Has Its Own Language
Digital marketing is one of the best ways to connect with modern customers: so it’s important that you know what you’re getting into when you start using it. Get to know these terms, and you’ll be ready to take on anything!
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