Demystifying A-Z Internet Marketing Acronyms!
Want to be able to hold your own in an internet marketing conversation? Ever been downright confused when confronted with internet marketing acronyms like SEO, PPC, and TOFU? The terminology can be difficult- but I’ve got you covered! Let’s go through common A-Z internet marketing acronyms and what they actually mean- with easy to understand examples included!
API – Application Program Interface
An Application Program Interface creates a connection between two web applications so you don’t have to sign in and out.Think about it: When you go to post a photo on Instagram, it gives you the option to post it to Twitter and/or Facebook as well.
Example: When you go to post a photo on Instagram, it gives you the option to push that post to Twitter and/or Facebook as well.
BOFU- Bottom Of The Funnel
The funnel is the buying process. There are three different sections, all of which we will cover by the end, but right now we’re concerned with the bottom portion.
The bottom symbolizes the part of the buying process where the lead (or prospective customer) is toward the end of the sales process and is in deep consideration.
CPC- Cost Per Click
This is the amount you spend when someone clicks on your ad.
The cost per click is different for all business owners and depends on a variety of different factors including your competition, what you offer, etc.
CRO- Conversion Rate Optimization
This is the process of testing what layout, content, tags, etc. will prove to be most beneficial for your company- what combination results in a higher conversion rate (or rate in which visitors become active and engage with your website)?
CTA- Call To Action
This could be anything from a link, a statement, etc. that encourages someone to take a certain action.
Example: When I say, “Go ahead and click that subscribe button!” in my videos. That is a CTA!
CTR- Click Through Rate
This is the percentage indicating how many people actually click on your ad relative to how many impressions were given.
Example: If you got 20 clicks, but had 100 impressions, you would have a 20% CTR.
HTML- Hypertext Markup Language
This is the standard language used to create a web page.
KPI- Key Performance Indicator
This is a measurable value that demonstrates the effectiveness of a current marketing strategy/strategies. An example: Your Conversion Rate and Average Time On Site.
MOFU- Middle Of The Funnel
This is the same funnel we were talking about earlier- the buying cycle. This time, we’re focusing on the middle portion, and this is where a basic lead is moving onto deeper research and consideration. They’re typically called “interested” at this point.
MT – Modified Tweet
A modified tweet is not a retweet (RT)! A modified tweet is when you use someone else’s tweet, but add commentary or change the words.
MQL- Marketing Qualified Lead
This is a lead who is more likely to become a customer based on marketing analytics.
PPC- Pay Per Click
PPC is used in online advertising and means that you pay for each click that goes to your website.
ROI- Return On Investment
ROI is a percentage measuring the amount of return on an investment, relative to the investment’s cost.
Example:
You buy 20 pizzas at $10 each.
You sell them each for $12.50. 20 x 12.50 = $250
$250 – $200 (COST) = $50 (YOU MADE $50 – YOUR GAIN)
$50/$200 (COST) = .25 or 25% = ROI)
RT – Retweet
A retweet is just pressing the retweet button on Twitter, keeping the exact form and content that was in the original tweet.
SEM – Search Engine Marketing
Search engine marketing is made up of marketing strategies that are used to drive more traffic to a website – typically SEO and PPC.
SEO- Search Engine Optimization
Strategies used to improve your rank on search engines like Google, Yahoo, and Bing.
If you want/need help with understanding SEO, watch last week’s video here:
SERP – Search Engine Results Page
A search engine results page shows a list of results for a particular search- ranked in order of relevance by the search engine.
SQL- Sales Qualified Lead
A SQL is a prospective customer who has been deemed ready for the next stage in the sales process by the team.
TOFU- Top Of The Funnel
You guessed it, the funnel is back! This is the first stage of the buying process- where the prospective customer is just seeing your company information for the first time. They’re in the “awareness” stage.
UX – User Experience
Are your website visitors enjoying their experience? Can they easily navigate your website and find the information they need?
User experience can be bad (think not mobile friendly, taking too long to load, etc), and user experience can be great (mobile friendly, loads quickly, information is easy to find, etc).
*This is really important, by the way! Your UX partly determines your rank in regards to SEO.
WYSIWYG – What You See Is What You Get
An example of WYSIWYG: creating a website through WordPress. WordPress allows you to create and edit content through their system, limiting you to using a definitive set of applications and forums to create your website.
Having a custom website allows you the freedom to design using HTML. Here are some examples of Marwick custom websites:
I hope that this has been helpful for you and that you feel like you can now hold your own in a digital marketing conversation!
If you want/need help creating your own website, getting started on SEO/PPC, or tips how you can help grow your business, let us know! We’d love to help you out! 🙂