Are you feeling lost in a sea of complicated marketing terms and concepts? Fear not! A glossary is your key to understanding all the jargon, language, vocabulary, and concepts used in this industry. Let's dive into it!
A glossary is a list of words or phrases commonly used within an industry or context, with definitions and explanations provided for each item.
In the world of marketing, there are countless terms that can be overwhelming to those who are new to the field. Having access to a comprehensive list of terms and their meanings allows individuals to better understand discussions related to marketing topics.
There are various types of marketing terminology one needs familiarize themselves with:
These refer onlyto certain sectors within the industry such as advertising agencies or market research firms
Example: "Earned media" – free publicity generated through placements outside paid avenues such as social media shares by customers.
As many industries do ,the slogan ”time-saving “by shortening long titles/forms .
Examples: SEM (Search Engine Marketing), SMM (Social Media Marketing).
Marketing has basic procedure like SWOT analysis which explain business strengths(what it does effectively?), weaknesses(where should companies improve?) opportunities(newer markets)and threats(i.e., Unforeseeable events).
Example: "Customer Segmentation" — dividing customers into groups based on shared characteristics
Companies always use some statistics/figures/KPI’s(Key Performance Indicators)
Examples: Conversion Rate – total number showing percentage visitor interaction.Response rate etc.
Overall Language & Vocabulary
Profession utilizes terminologies from other relevant fields(multiple discipline).
Examples: 360-degree video(three-dimensional perspective)Augmented reality(Double Reality immersion )
By providing a framework for understanding and learning the language of marketing, glossaries are one of the most beneficial tools available. If you're new to this field or seeking a way to brush up on your knowledge, we suggest going through any reliable source/glossary .
