marketing

Why Social Media Marketing is Vitally Important for your Small Business

Promoting your service or products via social media is free, and when implemented well can prospectively:

  • increase sales (more opportunities to convert).
  • increase growth.
  • nurture your community and interact with them.
  • make your company more accessible & offer customer service.
  • boost brand confidence.
  • increase brand awareness/recognition.
  • offer customers an insight into your brand, culture, behind-the-scenes.
  • offer you insights about your customers/demographics.
  • help you understand how your brand is perceived (so you can improve).
  • assist you with reaching new audiences, locally & globally.
  • create meaningful relationships.
  • give you the opportunity to reward your customers (offers, giveaways, etc).

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Glossary - 60+ digital marketing terms & acronyms index

Do you sometimes feel lost when reading articles, listening to webinars, or browsing online posts about social media, marketing, SEO, etc because they are peppered with acronyms? I've collated a list, much like a glossary, of such mysteries. I'll keep adding to it as I think of more. Let me know if you have any to add!

  • AIDA (or AIDCA): Attention/Awareness, Interest, Desire, (Conviction), Action (4/5 steps of the purchase funnel.)

  • AOV: Average order value

  • API: Application programming interface

  • B2B: Business to business

  • B2C: Business to consumer

  • Bounce rate: for websites, a high bounce rate means no clicks or navigation, for email it indicates non-delivery.

  • CMS: Content management system, a user friendly application.

  • CPA: Cost per action, e.g. when an advertiser pays per impression or click.

  • CPC: Cost per click

  • CPE: Cost per engagement

  • CPL: Cost per lead

  • CPM: Cost per thousand

  • CPV: Cost per view

  • CR: Conversion rate

  • CSS: Cascading style sheets

  • CTA: Call to action

  • CTR: Click-through rate

  • CX: Customer experience

  • DM: Direct message

  • DNS: Domain name system

  • EPC: Earnings per click

  • FB: Facebook

  • GA: Google Analytics

  • HTML: Hyper-Text Markup Language

  • IP: Internet protocol address

  • ISP: Internet service provider

  • KISS: Keep it simple stupid

  • KPI: Key performance indicator

  • LTV: Lifetime value

  • MoM: Month-over-month

  • MLM: Multi level marketing

  • OS: Operating system or open source

  • POS: Point of sale

  • PPC: Pay per click

  • PPV: Pay per view

  • PR: Page rank

  • PV: Page views

  • QoQ: Quarter-over-quarter

  • QR Code: Quick response code

  • RFI: Request for information

  • ROI: Return on investment

  • RSS: Rich site summary

  • RT: Retweet (on Twitter)

  • RTD: Real-time data

  • S2S: Server to server

  • SEM: Search engine marketing

  • SEO: Search engine optimisation

  • SM: Social media

  • SMB: Small to medium business

  • SME: Small to medium enterprise

  • SMM: Social media marketing

  • SMP: Social media platform

  • SWOT: Strengths, weaknesses, opportunities, threats (analysis of your business)

  • TLD: Top level domain

  • TOS: Terms of service

  • UGC: User generated content

  • UI: User interface

  • USP: Unique selling proposition (or point)

  • UV: Unique visitor

  • UX: User experience

  • VM: Viral marketing

  • WOM: Word of mouth

  • WYSIWYG: What you see is what you get

  • YoY: Year-over-year