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Ad specialty: a product (i.e. letter
opener, coffee mug) carrying a logo or promotional message that
helps increase awareness for a company (or product).
Advertising: any paid form of non-personal
communication or presentation of a product, service, idea or company.
Advocate: a company's most loyal customers
who usually provide very valuable word-of-mouth about the company
and its products.
Affiliate: the publisher or salesperson
in an affiliate marketing relationship.
Affiliate marketing: a relationship
between two parties, usually an online advertiser and an online
publisher, whereby revenue is shared based on performance measures
such as purchases, registrations or clicks.
Affiliate networks (Affiliate programs):
networks of firms who sell complementary products and benefit from
sharing customers.
Affinity: an association or relationship
(e.g. church membership) that indicates a similarity in lifestyle
between individuals.
Algorithm: the set of rules that a search
engine uses to rank the results from a search request.
Appeal: the stated advantage of buying
a product, as described in marketing communications for that product
(e.g. advertising, promotions, publicity, sales literature).
Attributes: the features of a product
that are thought to appeal to customers.
Audience: homes or individuals watching,
reading, seeing or listening to a given media vehicle
Awareness: movement of information about
your product, service or company that has moved into a prospect's
conscious mind. Often the desired objective of an advertising campaign
and a principal goal of public relations.
Back-end: all marketing
activities designed to convert inquiries into orders, as well as
promotions directed at previous buyers. See front
end.
Banner ad: the most common form of online
advertising, banner ads come in a variety of standard sizes, and
appear on a Web page as a box containing text, images, animation
or other effects. Users who click on a banner follow a hyperlink
to the advertiser's Web site.
Benefit: the satisfaction or fulfillment
of needs that a customer receives from your products or services.
In "My factories make cosmetics, we sell hope", hope is the benefit.
Billboard: popular name for outdoor
advertising signage.
Blog: from "Web log." A blog
is basically a journal that is available on the web. The activity
of updating a blog is "blogging" and someone who keeps
a blog is a "blogger”.
Body copy: the words in a marketing
message that support and amplify the headline & subhead. The purpose
of the body copy is to convince someone to buy your product.
Brainstorming: an idea generating process
that encourages open communication and full participation while
withholding any criticism. Commonly used in new product development.
Brand: the combination of symbols, words,
or designs that differentiate one company's product from another's.
Brand is also used to describe a company's family of products. A
brand of coffee, for instance, might include its regular variety,
as well as, its decaffeinated and instant varieties.
Brand awareness: the extent to which
a brand or brand name is recognized by potential buyers.
Brand equity: the intangible value of
a well-known brand.
Brand extension: The application of
a brand beyond its initial range of products, or outside of its
category.
Brand identity: desired customer perception
of a product or brand.
Brand image: a group of associations
that a consumer attributes to a specific brand.
Brand name: a protected, proprietary
trademark of a manufacturer or products or services.
Brand value: the value a brand holds
when viewed on a company balance sheet.
Break even analysis: the analysis of
a product or service to determine the sales level required to cover
both fixed costs of providing the product and the marketing & sales
costs behind it.
Break even Point: the specific sales
level required to cover the fixed costs + marketing & sales costs
of providing a product or service.
Brochure: a produced communication piece
that's typically printed on heavier paper stock and features details
about a company, its products or services.
Browser: a software program that allows
users to read pages on the World Wide Web.
Budget: the detailed financial component
of a plan that guides the allocation of resources. It should also
provide a means to measure deviation of actual vs. desired results
for analysis.
Bundling: offering several complimentary
products together or offering services, together with a product,
in a single package deal. The price of the bundle is typically lower
than the sum of the prices of the individual products or services
included in it.
Business cycle: the movement of a business
over time from birth through growth and maturity to decline. This
is especially important these days as change comes about very quickly.
Business plan: a comprehensive written
document that details a business's goals and the marketing, operational
and organizational directions it will take to achieve these goals
over the next 3-5 years.
Business-to-business: advertising or
promotion intended to influence corporate awareness and purchase
Call-to-action: a highly motivating
statement that tells the reader what action they should take next
and exactly how to do it (example: "Call 1-800-555-1213 now to order").
Campaign: a coordinated advertising
and promotion effort intended to continue thematically over time.
Capabilities brochure: promotional brochure
stating what your company does and the general capabilities you
offer customers. It can include general information as well as very
specific details about the company and its operations.
Category management: the management
of product categories as strategic business units. The practice
empowers a category manager with full responsibility for the assortment
decisions, inventory levels, shelf-space allocation, promotions
and buying.
Cause related marketing: a partnership
between a company and a charity in which the charity financially
benefits when the company sells specific products.
Channel: a group of retailers or distributors
through whom a product is distributed. A company may have several
channels, each of which is used to reach different end-users or
categories of customers.
Channel distribution: the network of
institutions and agencies that performs all the functions required
to bring together producers and end customers.
Channel marketing: a way of organizing
marketing functions in a company that puts individuals in charge
of selling to specific classes of trade.
Classified advertising: a type of print
advertising with special insertion rates and usually exhibiting
uniform type sizes and fonts. Includes help wanted ads and offers
to sell lower priced products.
Cloaking: the act of getting a search
engine to record content for an URL that is different than what
the search results return.
Collateral: any and all printed materials
designed to support a brand or company's promotional effort.
Competition: businesses competing for
the same market dollars.
Competitive analysis: assessing and
analyzing the comparative strengths and weaknesses of competitors;
may include their current and potential product and service development
and marketing strategies.
Consumer: the person who actually uses
the product or service. Also called a 'customer', 'patron', 'buyer'
, 'shopper' or 'end user'.
Consumer deal: usually set within a
time period, this offers the consumer various products with discounts
or special purchases.
Consumer segment: a group of possible
future customers selected from a database, and that exhibit particular
characteristics.
Content: all forms of website information
including HTML pages, interactive and/or dynamic Web pages, images,
animation, video and sound files.
Contingency plan: an acceptable alternative
plan that can be implemented in the event a basic plan is aborted
or changed for any reason.
Conversion rates: distinct measurements
that determine how many of your prospects take your preferred action
step. Typically, micro-conversions (for instance, reading different
pages on your site, or signing up for a newsletter) lead to your
main conversions (making a purchase, or contacting you for more
information).
Cookie: a text file placed on a user’s
hard drive when certain web pages are visited.
Co-operative advertising: an arrangement
whereby a product or service is brought to the public's attention
using the names of the supplier and the intermediary (e.g. a cereal
manufacturer and a grocery retailer jointly promoting a cereal)
Copyright: protection to the originator
of material in order to prevent use without permission or acknowledgement
of the originator.
Copywriting: writing text for an ad
or promotional piece.
Corporate identity: the visual expression
of an organization's (or brand’s) unique identity through
the systematic use of words and symbols. Includes typefaces, type
sizes, colors, graphics, and logo(s). These elements typically appear
in the standard positions and proportions thus reinforcing the identity.
Cost per click: system where an advertiser
pays an agreed amount for each click a visitor makes on a link leading
to the advertiser’s web page.
Cost Per Thousand (CPM): the advertising
cost to reach 1,000 units of audience. Used to compare or evaluate
the cost efficiency of different media. For publications, it is
determined by dividing the specific advertisement cost by the number
of readers.
CPI: cost per inquiry. Arrived at by
dividing the total promotional costs by the number of inquiries
(example: $2,500 promotional costs/25 inquiries=$100 CPI)
CPO: cost per order. Arrived at by dividing
the total promotional costs by the number of orders (example: $2,500
promotional costs/5 orders=$500 CPO)
Crawler: part of a search engine that
accumulates listings by automatically “crawling” web
sites.
Creative: general description of the
activity related to the development of promotional materials. Includes
concepts, design, and copy.
Creative strategy: a blueprint used
by advertising and marketing agencies that lines out the idea that
is to be communicated, to whom it is targeted and with what tone.
Cross promotion: the promotion of one
product through the use of another product’s marketing efforts.
Also describes the promotion of a website using other traditional
forms of advertising such as magazines, newspapers, radio, TV, billboards,
etc.
CTR (Click through rate): percentage
of those clicking on a link out of the total number who are exposed
to the link.
Customer: loosely, any buyer of a product
or service, at any trade level. Also called a consumer or patron.
Customer feedback: compliments, criticisms,
or general information provided to a company by its customers about
products, services or other aspects of the business.
Customer lifetime value (CLV): the profitability
of a customer over the entire relationship, in contrast to profitability
on just one transaction.
Customer loyalty: feelings or attitudes
that encourage a customer to continue doing business with a company.
Data mining: taking a database and “mining”
the data to determine specific characteristics of the entrants.
Data warehouse: an electronic system
that stores data from transactions and is used to be queried against
and to generate reports.
Database Marketing: the use of information
that's been electronically stored and analyzed about prospects or
customers behaviors. This information is then used to determine
appropriate marketing activities in order to influence purchases
and future sales.
Deadline: a concrete
time limit. Can be used for projects, subprojects, offers and a
variety of other marketing uses.
Deal: a promotional sale that enables
a customer to save money on the purchase of a product or service.
Deceptive advertising: advertising that
makes incorrect claims and/or statements, or creates a false impression.
Demographics: statistics about the socioeconomic
makeup of a population including age, gender, race, occupation,
income, education.
Description tag: HTML tag used by web
page authors to provide a description for search engine listings.
Differentiation: establishing a distinction
in the mind of a customer about products, services or a company.
Direct mail: marketing materials sent
directly to a prospect or customer via the U.S. Postal Service or
a private delivery company.
Direct marketing: a form of marketing
where promotional messages are delivered directly to consumers,
Products are then ordered by the customer and are shipped directly
to their homes.
Direct response: a promotional method
where consumers are directly solicited and asked to respond directly
to the advertiser through mail, phone, or e-mail.
Directories: a type of search engine
whose listings are gathered through human efforts, rather than by
automated crawling of the web.
Directory: websites with look-up capabilities
that assign other websites to categories. Directories are edited
by humans, as opposed to search engines, which are edited by spiders.
Discount: a reduction in the stated
rate or list price, usually offered in the form of a percentage
and used as an incentive to make a purchase.
Distribution: the delivery or conveyance
of a good/service to a market.
Distribution channel: the chain or intermediaries
linking the producer of a good to the consumer.
Distributor: a firm or individual, particularly
a wholesaler, who sells or delivers merchandise to customers (i.e.
retail stores).
Distribution allowance: a price reduction
offered by a manufacturer to a distributor, which allows for the
cost of distributing the merchandise.
Distributor brand: a brand not owned
by a manufacturer but rather by a distributor.
Diversification: to reduce the risk
of relying on a narrow product range, companies increase the variety
of goods and services they produce.
Domain name: the text-based URL or address
of a Web site. Domain names usually consist of several different
segments. The name www.emergemarketing.com, for example, includes
the generic "www" and ".com" identifiers, along with the unique
name "emergemarketing."
E-mail marketing: marketing electronically
through the use of e-mail messages
Eighty-twenty rule: a general rule for
the typical product category. Eighty percent of the products sold
will be consumed by twenty percent of the customers.
Effective frequency: number of times
an ad should be shown to one person in order to achieve the highest
impact of the ad without wasting impressions.
E-mail: a system for electronically
sending and receiving messages over a computer network.
End-user: the person who actually uses
a product, not necessarily the one who purchases it.
Extranet: a website that reaches several
different audiences. Usually an extranet connects directly with
specific existing computer systems at a company allowing suppliers,
distributors, and customers to communicate with the company.
Exit interview: an interview conducted
at the end of an employee's term of employment to obtain honest
employment feedback.
External analysis: analysis of those
factors outside your business, which present opportunities or threats.
FAQ (frequently asked questions): a
list of questions and answers related to a particular software application,
Web site or issue, FAQ's can help users get answers without overburdening
human support staff and they can be used strategically to attract
traffic in a web site.
Feature: a characteristic or property
of a product/service such as reliability, price, convenience, safety,
quality, size.
Field marketing: the practice of sending
representatives to retail outlets in order to build brand and support
sales.
Fixed-sum-per-unit method: a method
of determining an advertising budget that is based on number of
units sold.
Flighting: a media schedule that allows
more advertising during certain times and less advertising during
other time periods.
Flyer: an inexpensive, 1-page promotional
sheet (usually 8 ½ x 11") typically intended for handout or bulk
mailing.
Focus group interview: a research method
in which a trained interviewer assembles a small group of consumers
to discuss a product and/or its advertising.
Forum: an online communication method
that lets users submit and respond to messages that are categorized
by subject, and remain available for all users to see for a designated
period of time.
Four Ps: Stands for Product, Price,
Place (i.e., distribution), and Promotion. The building blocks of
modern day marketing.
Frequency: how many times a person buys
from you, how many times a marketing message is exposed to a target
audience or how many times a program is run.
Front-end: all marketing
activities designed to generate inquiries. See back
end
Gantt Chart: a planning tool and the
basis for marketing timelines in this book. In simple terms, a timeline
showing the temporal relationship between events.
Gatekeeper: someone within an organization
who doesn't directly consume a product or service but does control
access to decision makers and thus, wields considerable influence
in the purchase decision making process.
Goal: individual or organizational objective
to be achieved within a particular time period.
Goal congruence: continuity or compliance
of actions with organizational goals.
Going-concern value: value of a company
as a business to another company.
Guerilla marketing: innovative, often
highly targeted methods of getting a message across to a market.
Hard Goals: a goal that can be quantified
and measured.
Hard Offer: as typically
used in mail order marketing, requires the prospect to pay for the
product in advance. The seller ships the product only after payment
is received via check or credit card number. However for purposes
of this book, a hard offer is expanded to include offers that result
in a face-to-face or voice-to-voice.
Hard offers include:
Call (800) 555-5556 to schedule an appointment
Call (800) 555-5556 for a free phone consultation
See soft offer.
Headline: a sentence, phrase or words
that appear above a body of text. The purpose of a headline is to
attract attention and prod the reader to continue reading.
Hierarchy-of-effects theory: the series
of steps a consumer takes in order to receive and use information
in order to reach decisions about actions they will take.
Hit: a hit is the result of a file being
requested and served from your web site. This can be an html document,
an image file, an audio track etc. Web pages that contain a large
number of elements will return high hit scores. Hits are of very
little consequence when analyzing your visitor demographics.
Holding power: ability to keep an audience
throughout a broadcast and prevent having them from changing channels.
Home page: the main (or first) page
of a website.
Horizontal marketing: joint marketing
efforts that allow two companies to produce different products yet
market them together. Sometimes horizontal marketing is referred
to as symbiotic marketing.
House agency: an advertising agency
that is operated and owned by an advertiser which also handles the
advertiser’s account.
House List: a list of names already
owned by a company consisting of purchasers or buyer inquiries and
that is used by the company to promote the company's products &
services.
Hyperlink (or link): web developers
use HTML to create hyperlinks that a user clicks on to view another
Web page. Hyperlinks can appear as graphics or as areas of differently
colored or underlined text.
Hypertext: generally any text on a website
that contains links to other documents. Clicking on these words
or phrases causes another document (usually a web page) to be retrieved
and displayed.
Hypertext Markup Language (HTML): Hypertext
Markup Language the programming language that is the basis for the
World Wide Web. HTML lets you create hypertext links, fill-in forms
and clickable images (i.e., images that you click to access another
area).
Image: the way a company or organization
is perceived by the public and its customers.
Impressions: the total number of exposures
given for a particular medium.
Inbound link: A hypertext link that
points to a particular web site. Inbound links are a measure of
web popularity and are used by search engines for positioning of
web pages in search engines indexes.
Index: the accumulation of data a search
engine has that searchers can query against.
Indexability: refers to if a site can
be indexed - or recorded - by a search engine spider. If a site
is not indexable, or if a site has reduced indexability, positioning
will suffer.
Inserts: extra printed pages inserted
loosely into printed pieces. Inserts are often advertising supplements
to a newspaper or magazine.
Integrated Marketing Communication (IMC):
the concept under which a company carefully integrates and coordinates
its many communications channels to deliver a clear, consistent,
and compelling message about the organization and its products.
Internal Analysis: analysis of the internal
strengths & weaknesses of your company.
Internal marketing: the process of
gaining support for a company (or its initiatives) among its own
employees.
Internet: a network of networks, built
upon a set of widely used software protocols that link millions
of computers around the world. Services such as email and the Web
use the Internet to transfer data.
Interstitial ad: a window that pops
up between page loads and is displayed for a period of time, and
then goes away without forcing viewers to manually close the window.
Java: developed by Sun Microsystems,
Java is a programming language that can be safely downloaded to
your computer through the Internet and immediately run without fear
of viruses or harm to your computer or files. Using small Java programs
(called "Applets"), web pages can include functions such
as animations, calculators, or others.
Joint venture: where two firms combine
efforts to manufacture or market a product, and thus reduce the
risk of market entry.
JPEG (Joint Photographic Experts Group):
one of the two most common image types used on the Web. (GIF is
the other.) JPEG is used mostly for photographic reproductions.
Also referred to as jpg.
Keeper: An incentive used to tempt a
consumer to take some action, such as completing a survey or trying
a product.
Key account management: the marketing
and service functions as they relate to a company’s most important
customers.
Keywords: descriptive words that are
embedded in your website code. Common places to use keywords are:
1) In your web pages 2) For search engine registration 3) For directory
listings
Landing page: the page a visitor reaches
after clicking a search engine listing. Marketers must improve conversion
rates by testing different landing page creative, which includes
the entire user experience including navigation, layout, and copy.
Leapfrogging: a strategy aimed at overtaking
your competition and creating the future shape of the industry.
Lead: a new and unqualified prospect
or client, previously unknown to a sales person or company. Also
called an inquiry.
Lead generation: marketing tactics used
to solicit leads for sales follow up and including direct mailings,
tradeshows, networking and others.
Leave-behind: Documents or premiums
that a salesperson leaves with prospects or customers to remind
them of the product or service.
Lifetime value: the total profit or
loss estimated or realized from a customer over the active life
of that customer.
Lingo: a characteristic language of
a particular group (as in Marketing Lingo).
Link: a function that takes a user,
with just one click, from one page on the web to another.
Link exchange: exchanging hyperlinks
with a quality site that is somehow related to a company's product
or service. Good link exchange tactics can increase a company's
Page Rank and increase the number of targeted visitors.
List broker: a person or company who
prepares, rents and maintains mailing lists.
List price: the price regularly quoted
to customers before applying discounts. These are usually the prices
printed on dealer lists, invoices, price tags, catalogs or dealer
purchase orders.
List segmentation: the use of subgroups
within a list usually sharing similar demographic, target niche
or buying characteristics.
Logo: a distinctive company symbol that
helps create an image or brand.
Lurking: to read a message in a forum
or newsgroup and not add additional comments.
Mailing list: a list of customers or
prospects used to mail catalogs or sales announcements. It is not
a marketing database because it does not provide for a two-way communication
with customers.
Market area: geographic area from which
the primary demand for a specific product or service is expected
Market follower: a firm that follows
leaders into new markets, rather than leading the way. Oftentimes
this results in lower marketing expenditures
Market penetration: the percentage of
buyers you have as compared with the total households or businesses
in the area you've selected as your market.
Market profile: a summary of market
features, such as the typical purchaser and competitor as well as
comprehensive information on the economy and retailing patterns
of an area.
Market research: data pertaining to
customers within a market segment.
Market segment: a group of actual or
potential customers who can be expected to respond in approximately
the same way to a given offer.
Market segmentation: the act of dividing
up a market into distinct groups of buyers so as to better target
your marketing efforts.
Market share: the % of total buyers
for a product/service who choose to buy that offered by the company.
Marketing audit (or assessment): a analysis
of the company's current marketplace, current marketing capabilities
and potential opportunities.
Marketing consultant: an individual
or firm who by training and experience is qualified to help a company
with its marketing efforts.
Marketing firm: a business that influences
the distribution and sales of goods and services from producer to
consumer.
Marketing integration: the coordination
of all marketing strategies so they work together to establish a
maximum impact in the market.
Marketing metrics: measurements, such
as market share and response rates, that help quantify marketing
performance.
Marketing mix: the combination of all
elements used to market a product or service. These include product,
price, place (distribution) and promotion.
Marketing plan: the annual planning
document that sets the marketing direction for a product, service
or company. It spells out the strategies, tactics, timelines and
budgetary details for accomplishing the marketing objectives.
Marketing research: the orderly gathering,
recording, analyzing, and use of data concerning the transfer and
sale of goods and services from producer to consumer.
Marketing strategy(ies): the broad directional
thrusts a business uses to achieve its marketing goals. Characterized
by broad decisions concerning price, product, distribution and/or
promotional issues.
Marketing tactics: the executable elements
or actual steps the marketers will take to achieve the objectives
and strategies.
Mass marketing: a marketing strategy
in which a seller develops one product offering for all buyers in
the market.
Medium (pl. media): a type of publication
or communications method that conveys news, entertainment and advertising
to an audience. Examples include newspapers, television, magazines,
radio, billboards and the Internet.
Meta Tags: hidden descriptions of your
web pages that describe the page's content and help point search
engines to the right places.
Mission Statement: a formal statement
of the reason your company or organization exists. It may include
a series of goals or objectives that the organization wishes to
achieve.
Mnemonic device: any device designed
to enhance the recognition or memorability of a brand.
Multimedia: information that combines
different types of content, such as text, images, animation, video
and audio.
Narrow casting: the use of a broadcast
medium to address an audience with a special interest.
Networking: the continuous prospecting
method of making and utilizing contacts.
Niche marketing: a way of finding a
special product that appeals to only one group, and selling that
product very profitably only to that group, ignored by others.
Nonprofit marketing: the marketing of
a product or service that is not meant to make a monetary profit
for the marketer.
Objectives: medium-term goals which
are: · Specific · Measurable · Realistic
OEM (original equipment manufacturer):
a company that produces equipment bearing another company's label.
Offer: what you offer, as an inducement
to buy, in your direct mail (e.g. buy one, get one free)
One-On-One Marketing: when marketing
efforts are specifically designed to communicate with individual
users.
Opt-in vehicles: any marketing vehicle
(but usually Internet-based vehicles) that allow all recipients
to first agree to receive the vehicle. With opt-in vehicles, the
recipient tells you it's okay to send him or her future editions
of the vehicle. These vehicles generally generate better response
because the recipients have indicated an interest from the outset.
Order(s): the point where a customer
agrees to exchange money for goods or services provided by a company.
Can also be called a purchase order.
Outbound links: links on certain web
page that lead to other web pages regardless of whether they are
within the same web site or other web sites.
Packaging: the material that protects
goods and used to present the brand and its identity.
Page view: a page view is registered
each time a page from your website is loaded or reloaded onto someone's
browser. It is not a good indicator of how many different people
are visiting your web site. Yet, it can be a good way to judge the
"stickiness" (ability to retain visitors' interest) of your site.
Paid placement: a method of advertising
where pages are guaranteed to be included in a search engine’s
index and also guaranteed placement by paying more than other advertisers.
Patent: an exclusive ownership interest
in an invention for a designated period of years, granted by the
government.
Pay-per-click: a type of search engine
marketing where advertisers pay a set amount every time their ad
is clicked by a prospect.
Penetrated market: the set of users
actually consuming a service or product.
Permission marketing: Obtaining customer
consent to receive information from the company. Permission marketing
in the online world takes the form of email promotions and newsletters.
Personal sales: the sales tactic where
direct contact between the customer and the company representative
takes place for the purpose of gaining a sale.
Personalization: the means of adding
personal information such as the individual's name to a mailing
piece.
Planning: the process of pre-determining
a course or courses of action based on assumptions about future
conditions or trends
Portal site: a website that becomes a user’s internet start
page or is often used in the beginning of Internet exploration by
providing valuable services and information.
Position: the perception that a marketer
attempts to convey about a brand and its benefits vis-à-vis the
competition.
Positioning: a marketing strategy that
attempts to positively influence the perception of a company, product
or service relative to its competitors & competitive products &
services.
Positioning statement: The succinct
statement of the positioning the company hopes to achieve in the
minds of its target customers.
Potential market: a unit of consumers
who claim some level of interest in a designed market proposition.
Pre-test: the testing of a research
survey (or, for that matter, any marketing program) before launching
it in order to fine tune the survey administration.
Press kit: a collection of publicity
materials, including press releases and general company information,
that is packaged and sent to media outlets.
Press release: a document that communicates
information to the press. Press releases can publicize good news
such as positive earnings and new product launches, or they can
help control the damage caused by bad news.
Price: the amount of money asked for
in the transfer of products and services from the provider(s) to
the consumer(s).
Pricing strategy: pricing for long-term
advantage rather than short-term profits.
Privacy policy: a written policy that
states your company’s position on exactly how it will use
information provided by visitors of a website.
Product: a manufactured good that possesses
objective and subjective characteristics that are manipulated to
maximize the item's appeal to con). In general, appeals are directed
at satisfying people's basic needs for things such as health, security,
wealth, love or accomplishment.
Product differentiation: the process
of creating unique product differences in an attempt to influence
demand.
Product life cycle: the pattern of growth
and decline in sales revenue of a product over time.
Product positioning: the consumer perception
of a product or service as compared to its competition.
Promotion: all forms of communication
other than advertising that call attention to products and services,
typically by adding extra value to the purchase. Includes temporary
discounts, allowances, premium offers, coupons, contests and rebates.
Promotional mix: the use of several
types of mediums to support marketing goals such as advertising,
personal selling, publicity, and sales promotions.
Prospect: identified
consumers, be they individuals or companies, who show good potential
for buying a company's products or services and have made contact
with a company. See suspect.
Psychographics: shared attitudes or
behaviors of population groups.
Public domain information: the tremendous
wealth of information that is open and available to anyone who seeks
it.
Public relations: communication with
various sectors of the public-including media relations, employee
relations and community relations-and designed to influence their
attitudes and opinions in the interest of promoting a person, product
or idea.
Publicity: information with news value
used to promote a product, service or idea in the media.
Pull promotion: a promotional method
that focuses on creating demand among customers, which then “pulls”
the product through the distribution chain.
Push promotion: a promotional method
that focuses on distribution representatives to “push”
the product to the customer.
Qualitative: in research, verbatim or
verbal feedback achieved through a non-scientific and non-projectable
research.
Quantitative: in research, measurable,
projectable data used to help determine needs or wants.
Query: the words or phrases a searcher
enters into a search engine’s search box.
Rank: the numerical order that a particular
web site is listed after a search query.
Rationale: a logical reasoning for choosing
a strategy.
Reach: the total number of individuals
or companies that are exposed to a marketing vehicle.
Recency: a term for how recent a person
has bought from your company. It is well established that people
who have bought most recently are more likely to buy from you again
on your next promotion.
Relationship marketing: understanding
the customer so well that their needs are met to a consistent standard
of excellence which turns customers into very loyal customers.
Sales forecast: educated guesstimates
of future revenues segmented into individual SBU or product sales.
Sales incentive: a reward, usually in
the form of cash or product, for members of the sales staff who
achieve a specific goal or an annual quota.
Sales Message: the ideas, concepts and
points a company conveys via various selling methods.
Sales plan: the definable steps a company
takes to secure sales.
Search engine: online software that
helps users locate information and other sites on the Internet.
Search engine: an online database that
enables Internet users to locate other websites, containing information
they need. Every search engine has its own strategy for collecting
data so, one search usually turns up different results on different
search engines. Public search engines such as Lycos, AltaVista and
Excite constantly index Web sites and add information about these
sites to their databases. Many individual Web sites also use their
own built-in search engines. Directories such as Yahoo are not search
engines -- they use human researchers to categorize Web sites.
Search engine marketing: the marketing
of a website through search engines either by improving search engine
optimization techniques, purchasing paid listings, or a combination
of both.
Search engine optimization: The act
of altering a web site so that it does well in the crawler-based
listings of search engines.
Segment: a portion of a list or file
selected on the basis of a special set of characteristics.
Self-mailer: A direct mail piece, such
as a postcard or tabbed newsletter, which does not require an envelope
or wrapper for mailing.
Service: any activity provided by a
person or company to another person or company that is intangible.
Services can be provided separate from products or they can be bundled
together with a product.
Signature (or sig) file: a distinctive
address at the bottom of an e-mail message that often includes contact
information and a short promotional message.
Slogan: a short, memorable advertising
phrase: Examples include "Coke Is It," "Just Do It,"
and "Don’t Leave Home Without It." Slogans are different
from taglines in that slogans change with campaigns while taglines
remain static.
Soft Offer: as typically
used in mail order marketing, is an option which allows the prospect
to review the goods first and then pay for them afterwards. However
for purposes of this book, a soft offer is expanded to include offers
that don't require a face-to-face or voice-to-voice follow up on
the company's. Soft offers include:
Call (800) 555-5556 for a brochure.
Visit our website at www.anycompany.com for more information.
See hard offer.
Spam: slang term for unsolicited commercial
email. "Spamming" people with unwanted commercial email solicitations
is considered unethical and it is now illegal in several U.S. states.
Most ISPs will terminate a users account if they use it to send
spam.
Spiders: an automated program that indexes
web documents, titles and/or a portion of each document. These documents
are acquired by the spider as it automatically traverses across
the Internet (kinda scary, huh?).
Spin: an attempt to manipulate the facts
represented in mass media in order to create desired public relations.
Stickiness: a website metric that measures
the actual retention rate for a website.
Strategic alliance: the sharing of information,
methods, marketing and finance between complimentary businesses.
Strategic Business Unit (SBU): a company
division, product line or single brand that can be marketed independently
from the rest of the company.
Strategic market planning: the planning
process that produces a decision about how a business can best compete
in its chosen market.
Strategic window: the precise period
between certain events during which there is a chance to capitalize
on a marketing situation.
Strategy(ies): any broad plan for achieving
goals or objectives.
Strength: an asset, capability or intangible
of a company that potentially could provide it with a competitive
advantage.
Submission: the act of submitting to
a search engine’s URL for inclusion. Note this does not guarantee
a listing.
Supply chain: the channels of suppliers,
manufacturers and distributors involved in the production and delivery
of goods.
Suspects: identified
consumers, be they individuals or companies, who show good potential
for buying a company's products or services but have not yet made
contact with a company. See prospect.
SWOT analysis: an analysis that depicts
the company’s Strengths, Weaknesses, Opportunities and Threats.
Tactics: the actual programs and techniques
used to accomplish a strategy.
Tagline: a phrase that communicates
the most essential product attributes or benefits that the marketer
wants to convey.
Target market: the defined group of
consumers that a marketer considers to be prime prospects (i.e.
most likely to purchase).
Target market identification: the process
of using income, demographic, and life style characteristics of
a market to locate the most favorable locations.
Target marketing: where different products,
pricing, distribution methods and promotions are developed to meet
consumers varying needs and preferences.
Task: an individual unit of work that
is part of the total work needed to accomplish a project.
Telemarketing: using the telephone to
sell, promote or solicit products and services.
Test market: trial market for a new
product, service, offer or other marketing effort.
Timeline: a specific action plan, laid
out in a visual way, that lines out the various tactics the company
will pursue and the subsequent deadlines.
Title tag: a descriptive title that
appears at the top of each page of your site. It is extremely important
that every Title tag contain well-researched key phrases and is
written in a way that entices a user to click through. The title
tag is a crucial part of your search marketing campaign - and every
page should have its own title tag.
Touchpoint: any place where a business
comes into contact with its customers or prospects. Generally considered
to be personal contact points (e.g. trade shows, phone calls) as
opposed to non-personal ones ((e.g. brochures, websites, advertisements).
Trade sales promotion: an incentive
offered to resellers to promote purchases.
Trademark: the name, phrase, logo, image
or combination of images of a product/brand claimed as owned by
a marketer. Often marked as ä if the mark has been applied for and
© if it has been registered. The term is often used to include service
marks, which apply to businesses providing services as opposed to
selling products.
Trial: the initial customer use of a
product/service. Either given away free or sold at a nominal price,
to gain customer experience with the brand.
Trial offer: the offer to a consumer
to try a product for a stated period of time before deciding whether
or not to purchase.
Two-step: in direct mail, a selling
process that first solicits a request for information (inquiry)
then, as a second step, follows up with additional mailings to close
the sale.
Uniform Resource Locator (URL): a website
address.
Unique selling proposition: the key,
unique benefit that differentiates your product/service from all
your competitors. Made famous by Rosser Reeves, an ad giant of the
1950's.
Unique visitor: someone with a unique
IP address (when you log onto the Internet, you are assigned a unique
IP address) who enters a Web site for the first time, during a set
period of time. Different traffic monitoring programs define this
period differently, however you'll find most defining it between
2 hours and 24 hours. This measure is, by far, the most accurate
way of analyzing web site performance.
Upsell: A technique to increase the
value or quantity of a sale by suggesting additional options or
upgrades. For example, a fast-food restaurant may upsell by suggesting
that a customer buy a larger portion of a drink.
URL: Universal Resource Locator. The
text address that allows users to find a particular Web site or
Web page. The links on Web pages also consist of URLs, which are
embedded in the HTML code on the page. URLs comprise of a domain
name followed by the file path to a particular file on that domain's
Web server.
Usability: the ease with which visitors
can the exact information they need when they need it. Anything
that makes the process slower (like Flash animation to a dial-up
customer) inhibits usability. Conversely, easy, intuitive navigation
and strong, informative text enhance usability.
Value-added: any promotional, product
or service technique that seeks to add value to the product.
Value-added reseller: a dealer, say
in the high tech industry, who specializes in "solution sales" which
combine consulting, needs analysis and bundling of turnkey packages.
Opposite of a retailer who, in this business, sells "shrink-wrapped
boxes".
Viral marketing: any marketing effort that propagates itself. An
example of a viral marketing effort: encouraging e-mail recipients
to pass along messages to others in order to generate additional
exposure.
Web browser: a program that allows an
individual to view Web pages.
Web host: a service that operates Web
servers for its clients and publishes their Web sites.
Web page: a page in a Web document.
Unlike printed pages, a Web page may be just a few words long or
it may include thousands of words, images and other content.
Web server: a computer that publishes
a Web site on the Internet. It usually includes the Web server software,
the appropriate software protocols such as TCP/IP, the Web site
content and occasionally other software such as e-commerce or database
applications. When the Web Server receives a request from a Web
client (or browser), it delivers the appropriate page or performs
the requested task.
Weakness: a shortcoming of a company
that potentially could place it at a competitive disadvantage.
Wholesaler: a business that buy goods
from manufacturers, then sells the goods, usually in larger quantities,
to retailers, who in turn, sell them to the end user. A middleman
between the manufacturer and the retailer.
Word-of-mouth advertising (or just word-of-mouth):
getting satisfied customers to recommend the product or service
to friends, family, co-workers or anyone else they're familiar with.
This kind of advertising costs the provider nothing and very often
is viewed as more credible than information provided directly by
the provider or manufacturer.
World Wide Web (or the Web): an Internet
service that links collections of documents, or Web sites, both
internally and to other sites. In addition to formatted text, Web
pages may include graphics, audio, video and other Multimedia content.
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