TERMS & REFERENCES

A/B Testing (also known as Split Testing or Bucket Testing)

A/B Testing (also known as Split Testing or Bucket Testing) is the process of testing multiple variations of webpage, email subject line, landing page, CTA, and/or ads with the goal of determining which page generates more conversions.This means you will have 2-3 versions that are all running at the same time to see which performs best.

Call To Action (CTA)

Call To Action (CTA) is a marketing term for the next step a marketer wants the audience or reader to take. It is a prompt on a website that tells the user to take some specified action and helps remove friction in moving the user down the sales funnel. It's the sentence, or button, that closes the deal! It is typically written as a command, such as ‘Sign Up’, ‘Buy Now’, ‘Join Free’, ‘Start Now’, etc and generally takes the form of a button or hyperlink. It is a key element on a webpage, acting as a signpost that lets the user know what to do next. Without a clear CTA, the user may not know the next steps to take to purchase a product or sign up for a newsletter and is likely to leave the site without accomplishing their task. There can also be multiple CTAs on a page if there are multiple desired actions for the user to take.

Click-Through Rate (CTR)

Click-Through Rate (CTR) is the ratio of users who click on a specific link to the number of total users who view a web page, email campaign, or advertisement. It is commonly used to measure the success of an online campaign

Formula: clicks ÷ impressions = CTR.

For example, if you had 10 clicks and 100 impressions, then your CTR would be 10%

Conversion Path

Conversion Path is the course of actions a prospect will go through to eventually become a lead. These events can include a Call To Action, lead form, thank you page, downloadable content, etc.

Cost Per Acquisition (CPA)

Cost Per Acquisition (CPA) is an online advertising payment model in which payment is based solely on qualifying actions such as sales or registrations. This does not include deals based solely on clicks, which are referred to specifically as Cost-Per-Click (CPC) or Pay-Per-Click (PPC).

Cost-Per-Click (CPC) or Pay-Per-Click (PPC)

Cost-Per-Click (CPC) or Pay-Per-Click (PPC) is an online advertising model used to direct traffic to websites, in which an advertiser pays a publisher (typically a website owner or a network of websites) when the ad is clicked. It is a method publishers use to bill based on the number of times a visitor clicks on an advertisement. The alternative is Cost-Per-Thousand (CPM), which is the number of impressions, or viewers, in thousands, regardless of whether each viewer clicks on the advertisement or not.

Cost-Per-Impressions (CPI)

Cost-Per-Impressions (CPI) refers to the rate that an advertiser has agreed to pay per 1,000 views of a particular advertisement. A website that serves ads based on CPI doesn’t need the user to click on the ad – each appearance of the ad in front of a user counts as one impression. The advertiser agrees to pay the website a certain price for every 1,000 impressions the ad receives. Cost per impression is also known as Cost-Per-Thousand (CPM). The letter "M" is the Roman numeral for 1,000.

Cost-Per-Lead (CPL)

Cost-Per-Lead (CPL) is the total cost marketing pays to acquire a lead. It is an important metric to keep track of and it influences your Customer Acquisition Cost (CAC).

Cost-Per-Impressions (CPI)

Cost-Per-Impressions (CPI) refers to the rate that an advertiser has agreed to pay per 1,000 views of a particular advertisement. A website that serves ads based on CPI doesn’t need the user to click on the ad – each appearance of the ad in front of a user counts as one impression. The advertiser agrees to pay the website a certain price for every 1,000 impressions the ad receives. Cost per impression is also known as Cost-Per-Thousand (CPM). The letter "M" is the Roman numeral for 1,000.

Customer Acquisition Cost (CAC)

Customer Acquisition Cost (CAC) is the measurement that allows you to assess the cost of scaling up your business. It can be calculated by dividing the time and money spent on customer acquisition for a specific period of time by the number of new customers gained. 

Formula: (Money + Time Spent)/Number of New Customers

Earnings Per Click (EPC)

Earnings Per Click (EPC) gives the average earnings generated as a result of every click you get on your website, product page or affiliate offer. It gives the average revenue for each click that you are driving to an offer.

Email Click Rate %

Click-through rate (CTR) is the ratio of users who click on a specific link to the number of total users who view a page, email, or advertisement. It is commonly used to measure the success of an online advertising campaign for a particular website as well as the effectiveness of email campaigns. As an example, the average click-through rate on AdWords paid search ads is about 2%. Accordingly, anything over 2% can be considered an above average CTR. Across all industries, the average CTR for a search ad is 1.91%, and 0.35% for a display ad

Email Marketing Opt-in Rate

Email Marketing Opt-in Rate refers to the percentage of site visitors who subscribe to your email list. As an example, if you had 100 visitors visit your website or landing page and 20 people subscribed to your email list, then you would have an opt-in rate of 20%

Email Open Rate

Email Open Rate is the percentage of the total number of subscribers who opened an email campaign. These rates can vary depending on the subject line and the relevancy of the subject matter for subscribers, but a healthy open rate is typically in the 20-40% range.

Key Performance Indicator (KPI)

Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving key business objectives, short and long-term goals. Organizations use KPIs to evaluate their success at reaching targets and potential customers.

Lead Generation/Lead Magnet/Lead Nurturing

Lead Generation/Lead Magnet/Lead Nurturing is how your business generates leads or how you grab the attention of your customers. A lead magnet is a small giveaway, free ebook, guide, etc. that your business offers to customers in exchange for their email. A lead magnet is a tool that is going to help your business capture those potential customers. Once a potential lead becomes a lead, you will need to nurture them until they become a customer. Typically business nurture their leads through their sales funnel. Lead nurturing can be in the form or sending emails, retargeting them on social media or actually calling your potential customers to follow up with them.

Lead scoring

Lead scoring: Lead Scoring is the process of assessing prospects, against a set of standard criteria, to estimate sales potential and sales timing. It is an important part of the lead qualification process and is typically used to determine when (and whether) to assign a specific prospect to a sales person for direct action, a so-called SQL (Sales Qualified Lead). (See example)

Lifetime Customer Value (LTV)

Lifetime Customer Value (LTV) is a prediction of the net profit attributed to the entire future relationship with a customer.

Remarketing / Retargeting

Remarketing / Retargeting is an online marketing tactic that allows marketers to reach out via other channels to visitors who have previously visited their website.

Return On Ad Spend (ROAS)

Return On Ad Spend (ROAS) is the total revenue generated for a specific marketing channel (like PPC) divided by the total spend on that channel.

Webinar Live Call To Action %

A Call To Action tells your attendees exactly what you want them to do next. For example, beta test your product, download your white paper, buy your software, register for your next event, or hire you to consult them

Webinar Registration Rate %

About 29% of your attendees won’t register for your presentation until the day of the event itself. However, webinar statistics also show that 17% of your attendees will probably sign up more than 15 days before the big day. That’s nearly half of the people who will attend

Source: https://support.geru.com/category/27-general