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Glossary

Marketing terms, explained plainly

Thirty marketing terms every small business owner should understand β€” defined in plain English, with real examples and practical how-to-use tips. No jargon. No fluff.

30 terms Β· last updated May 2026

Channels

Influencer Marketing

Influencer marketing is the practice of paying or compensating individuals with engaged social media followings to promote a product, service, or brand to their audience.

Referral Marketing

Referral marketing is the structured practice of incentivizing existing customers to recommend your business to new customers.

Word-of-Mouth Marketing

Word-of-mouth marketing (WOMM) is the deliberate effort to encourage customers to talk about your brand, product, or service to other people β€” in person, on social media, in reviews, in DMs, anywhere.

Review Marketing

Review marketing is the deliberate practice of generating, managing, and promoting customer reviews across the platforms that matter for your business β€” Google, Yelp, TripAdvisor, Facebook, industry-specific sites (Avvo for lawyers, Zocdoc for healthcare, G2 for B2B SaaS).

Affiliate Marketing

Affiliate marketing is a performance-based channel where third parties (affiliates) earn a commission for driving a measurable result β€” typically a sale, but sometimes a lead or a sign-up β€” for an advertiser.

Hashtag Strategy

A hashtag strategy is a deliberate plan for which hashtags to use on social posts to maximize discovery, audience targeting, and content categorization.

Earned Media

Earned media is any publicity a brand receives that it didn't pay for and doesn't directly control.

Paid Media

Paid media is any marketing distribution a brand pays for directly: search ads, social ads, display ads, sponsored content, paid influencer partnerships, podcast ads, billboards, print ads, TV spots.

Owned Media

Owned media is any channel a brand fully controls and doesn't rent: its website, blog, email list, SMS list, app, podcast, owned social accounts (with the caveat that social platforms can change rules), and any content distributed through those channels.

Email Drip Campaign

An email drip campaign is a pre-scheduled sequence of emails sent automatically to a subscriber over time, triggered by an action (signup, purchase, abandoned cart) or a date (anniversary, birthday).

People

Content

Programs

Local SEO

Metrics

Conversion Rate

Conversion rate is the percentage of users who take a defined desired action out of the total who had the opportunity.

Customer Acquisition Cost (CAC)

Customer Acquisition Cost is the total amount a business spends to acquire a single new customer, calculated by dividing the sum of all marketing and sales costs over a period by the number of new customers acquired in that same period.

Customer Lifetime Value (LTV)

Customer Lifetime Value is the total revenue (or, more rigorously, gross profit) a business can expect from a single customer over the duration of their relationship.

Engagement Rate

Engagement rate is the percentage of an audience that interacts with a piece of content β€” through likes, comments, shares, saves, clicks, or replies β€” out of the total audience that could have seen it.

Impression

An impression is a single instance of a piece of content being displayed to a viewer.

Reach

Reach is the total number of unique users who saw a piece of content at least once during a defined period.

Attribution Tracking

Attribution tracking is the practice of measuring which marketing touchpoints contributed to a conversion.

Cohort Analysis

Cohort analysis is the practice of grouping customers by a shared characteristic β€” typically their acquisition date or acquisition channel β€” and tracking that group's behavior over time.

Net Promoter Score (NPS)

Net Promoter Score is a customer satisfaction metric calculated from a single survey question: 'On a scale of 0–10, how likely are you to recommend us to a friend or colleague?' Respondents scoring 9–10 are 'promoters,' 7–8 are 'passives,' and 0–6 are 'detractors.

Viral Coefficient

The viral coefficient (also called the K-factor) measures how many new users each existing user generates through referrals or shares.

Psychology

Compliance

Operations

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