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D098 Unit 2 Module 1
Potential of Digital Marketing
Term | Definition |
---|---|
Marketing | The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. |
Digital Marketing | Marketing activities that use electronic devices or the internet to connect with customers. |
Creating | The process of collaborating with suppliers and customers to create offerings that have value |
Communicating | Broadly, describing those offerings, as well as learning from customers |
Delivering | Getting those offerings to the consumer in a way that optimizes value |
Exchanging | Trading value for those offerings |
The Marketing Concept | A philosophy underlying all that marketers do, requires that marketers seek to satisfy customer wants and needs. |
Value Era | A time when companies emphasize creating value for customers. |
Remarketing | Targeting advertisements to consumers who previously visited a website when they engage with other online sites or locations. |
Search Engine Marketing (SEM) | Internet-based marketing associated with the researching, submitting, and positioning of a website within search engines to achieve maximum visibility. |
Search Engine Optimization (SEO) | Process of increasing the quality and quantity of website traffic by increasing the visibility of a website or web page to users of a web search engine. |
Banner Ads | Form of online advertising that entails embedding an advertisement into a web page to attract traffic to a website by linking to the website of the advertiser. |
Email Marketing | act of sending a commercial message using email, typically in the form of advertisements, requesting business, or soliciting sales or donations, with the intention to build loyalty, trust, or brand awareness. |
The Four Ps | Product, Price, Place, Promotion |
Newsgroups | Online messaging system for users to post messages. |
Spam | Sending of unsolicited messages to users. |
Inbound Marketing | Two-way marketing activities that attract and pull consumers through different stages of the sales funnel. |
Outbound Marketing | One-way marketing activities initiated by the company that send messages out to consumers. |
Precise segmentation, targeting, and customization | The high degree of interactivity and the large amount of data from digital marketing activities provide the benefit of precisely targeted customers and companies to customize marketing efforts directly to a precisely defined target market. |
Key Performance Indicators (KPIs) | A KPI is something measurable that indicates the progress an organization is making toward its business objectives. |
App-Completion Rate | Number of people who start filling out an application compared to those who submitted the application. |
Social-Share Rate | A social media engagement measurement of the number of people who shared a post compared to those who viewed the post. |
Interconnectivity | The movement to connection in technology, relationships, and brands in a whole host of areas—from communications and computing to attitudes toward family and community. |
Cause-Related Marketing | Marketing activities that have the dual purpose of increasing profitability and improving society. |
User-Generated Content | Any form of content that is created by an online user--examples include images, videos, text, and audio. |
Behavioral Targeting | A range of technologies and techniques used by digital marketers that allow them to increase the effectiveness of their campaigns by capturing and analyzing consumer data. |
Individual Marketing | Individualized messages and offerings targeted to specific customers based on data analysis. |
Local Marketing | Marketing activities for a specific geographic area |
Integrated Marketing Campaigns (IMC) | Immersive and targeted communication with customers to help move them through the various stages of the buying process |
Omnichannel Integration | A cohesive, seamless brand experience for the consumer through marketing content that is optimized for each channel and device |
Business Ethics | A branch of philosophy that involves the concept of right and wrong conduct within a business setting |
Marketing Ethics | The moral principles that guide decision-making and strategy within the marketing function |
Cookies | Data stored on a user's computer by the web browser |
Malware | Software designed to disrupt or damage a computer system |
Third-Party Data | Data collected from a variety of sources with no direct connection with the data source |
First-Party Data | Data collected directly by a company about consumers and can include online and offline information |
Second-Party Data | Data collected by another source as first-party data and sold |