Shared Flashcard Set

Details

1 - MKT 470 || 2/5/2019
1 - MKT 470 || 2/5/2019
34
Business
Undergraduate 4
02/05/2019

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Cards

Term
Touchpoints
Definition
Moments of contact between company and potential customers, present in every phase of the decision making process.
Term
Web 2.0
Definition
When the internet became more of a social playground where people interact with one another.
Term
What is when the user searches information on the Internet about what he/she wants to buy and then finalizes the purchase in store?
Definition
ROPO
Term
What does ROPO stand for?
Definition
Research Online Purchase Offline
Term
What is when the user performs the search on-line, finalizes the purchase online, but collects the product in the physical store?
Definition
Click & Collect
Term
What is when the user tries the product in the store and then buys it online?
Definition
Try & Buy
Term
What is a map that depicts the stages customers go through when interacting with a company, from buying products online to accessing customer service on the phone to airing grievances on social media?
Definition
Customer Journey Diagram
Term
Personas
Definition
The main characters that illustrate the needs, goals, thoughts, feelings, opinions, expectations and pain points of the user.
Term
Timeline
Definition
A finite amount of tme or variable phases for awareness, infor collection, decision making, purchase and renewal.
Term
Channels
Definition
Where interaction takes place and the context of use.

This is where they are interacting.
Term
Emotions
Definition
Peaks and valleys illustrating frustration, anxiety and happiness etc.
Term
What must be defined to design a customer journey?
Definition
Personas

Customer Goals

Timeline

Touchpoints

Channels

Emotions
Term
Audience Segmentation
Definition
Grouping people with similar characteristics.
Term
Behavioral Segmentation
Definition
The practice of dividing consumers into groups based on the following attributes: usage, loyalties, awareness, occasion, knowledge, liking and purchase patterns.
Term
Mobile Segmentation
Definition
Divides potential customers into groups based on relevant, marketable mobile actions.
Term
Day-Parting Segmentation
Definition
Targeting users that are active at a particular time of day or day of the week.
Term
Designed Market Area Segmentation
Definition
A segment Nielsen uses to standardize geographic areas for the purposes of targeting an measurement.
Term
Retargeting Segmentation
Definition
Targeting past visitors of a website.
Term
Product Related Segmentation
Definition
Segmenting the audience based on usage of a product.
Term
Cookies
Definition
Text file sent from a website and stores in a user's web browser while the user is browsing that website.
Term
Web Beacons
Definition
Transparent and small image that is placed on a site or in an email, and used in combination with cookies to transfer or collect information through a graphic image request.
Term
Persistent IDs
Definition
Uses ID logins for sites or mobile apps and stay with a user throughout browsing and across devices.
Term
See Audience
Definition
Largest addressable qualified audience.
Term
Think Audience
Definition
Largest addressable qualified audience with some commercial interest and intent.
Term
Do Audience
Definition
Largest addressable qualified audience with loads of commercial intent.
Term
Care Audience
Definition
Current customers with at least two transactions.
Term
Reasons for why to use a framework?
Definition
1. Define Content, Marketing and Measurement Strategy

2. Identify gaps in our content/audience/channel strategy

3. Optimize the strategy for each customer consideration stage

4. Verify if you are measuring the efficiency/outcome/value for each stage properly
Term
Conversion
Definition
What is simply getting someone to respond to your call to action?
Term
What is an individual that has expressed interest in a product by completing an action?
Definition
Lead
Term
What is the percentage of visitors who take a desired action on your website?
Definition
Conversion Rate
Term
See Stage Marketing
Definition
Ad Creative: Broad

Segmentation: Behavioral

Purpose: Branding
Term
Think Marketing
Definition
Ad Creative: Narrowed

Segmentation: Specific Sites

Purpose:Branding and Micro Conversion
Term
Do Marketing
Definition
Ad Creative: Many intent signals

Segmentation: Intent Specific

Purpose: $$$
Term
Care Marketing
Definition
Ad Creative: Customized

Segmentation: Personal

Purpose:Retention
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