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Split Testing Term Meaning
Split Testing, also known as A/B Testing, is a method used in marketing to compare two versions of a webpage, email, or other marketing asset to determine which one performs better. The process involves dividing an audience into two groups, showing each group a different version, and then analyzing the results to identify which version…
Smarketing Term Meaning
Smarketing is the practice of aligning and integrating the sales and marketing teams within a business to improve communication, collaboration, and overall performance. The goal of smarketing is to ensure that both teams work together seamlessly to achieve shared goals, such as generating leads, nurturing prospects, and closing sales, thereby driving business growth. Detailed Explanation…
Segment Term Meaning
A Segment refers to a specific group of customers or prospects that share common characteristics, behaviors, or needs. Segmentation is a key marketing strategy that allows businesses to target specific subsets of their audience with tailored messaging, offers, and experiences to better meet their needs and drive engagement. Detailed Explanation Segmentation is essential for effective…
Search Engine Marketing (SEM) Term Meaning
Search Engine Marketing (SEM) is a digital marketing strategy used to increase the visibility of a website in search engine results pages (SERPs) through paid advertising. SEM involves bidding on keywords and placing ads that appear when users search for those keywords, driving targeted traffic to the website. Detailed Explanation SEM is an essential component…
Sales Qualified Lead (SQL) Term Meaning
A Sales Qualified Lead (SQL) is a potential customer who has been evaluated and determined to be ready for direct sales engagement. Unlike Marketing Qualified Leads (MQLs), who are still in the early stages of the buyer’s journey, SQLs have shown strong intent to purchase and meet specific criteria that make them likely to become…
Sales Funnel Term Meaning
The Sales Funnel is a marketing concept that illustrates the stages a potential customer goes through before making a purchase. It is called a “funnel” because it represents the narrowing of potential customers as they move from the awareness stage to the decision stage, ultimately leading to a sale. Detailed Explanation The Sales Funnel helps…
Revenue Attribution Term Meaning
Revenue Attribution is the process of identifying which marketing efforts and channels are responsible for driving revenue and conversions. It involves analyzing customer interactions across various touchpoints to determine the contribution of each channel in the customer journey, helping businesses understand the effectiveness of their marketing strategies. Detailed Explanation Revenue Attribution helps businesses allocate their…
Retargeting Term Meaning
Retargeting is a digital advertising strategy that targets users who have previously visited a website or interacted with a brand’s online content but did not convert. By showing targeted ads to these users as they browse other websites or use social media, retargeting aims to re-engage them and encourage conversions. Detailed Explanation Retargeting helps businesses…
Remarketing Term Meaning
Remarketing is a strategy that focuses on re-engaging existing or past customers by targeting them with relevant advertisements, offers, and communications. The goal is to encourage repeat purchases, increase customer loyalty, and enhance the overall customer lifetime value. Detailed Explanation Remarketing involves reaching out to customers who have previously interacted with a brand but may…
AB Testing Significance Calculator & Formula
AB Testing Significance Calculator Please select one field as the output (calculated) field: Conversion Rate A (%): Conversion Rate B (%): Sample Size A: Sample Size B: Significance Level (%): 0% 25% 50% 75% 100% AB Testing Significance Formula z = ( p B – p A ) ( p A ( 1 – p…