We’ve all been there, whether your field or not, a meeting or report of acronyms. With the pace of social and the online world changing, it’s sometimes hard to keep track of terms plus what you should be measuring. This is a glossary of terms, or “learns” as I would like to call it to keep it centralised. In addition, where possible, I have found the industry averages or useful links for reference.
Is a project management methodology usually used in tech or fast paced environments where you require iterations/ versions instead of big sign offs, in which case work is delivered in sprints.
I regularly get asked by people and companies whether they should have a blog, the answer is ... sure. The biggest thing I think companies/ people take for granted is the upkeep of having a blog, so if you decide to launch it, remember
A few of my favourites include:
Virgin/ Richard Branson - https://www.virgin.com/richard-branson
Rosie Londoner - http://www.thelondoner.me/
AV - https://www.andrewvorster.com/
The rate at which a new company spends its money and therefore how long it can survive for. This is important for any investors and should be vital to all of the team especially in early stages of growth.
Cost Per Tap - The average Cost per Tap of Apple Search Ads is about $0.84. Shopping and Finance are the most expensive categories with the average CPTs standing at $3.48 and $2.81 respectively.
Probably one of my favourite media for marketing if used correctly. Also known as Behaviour Marketing and something that may be impacted by the new GDPR regulation. The methodology behind DN is bidding of profile activity which is captured about you/ a user from cookies e.g. single/ in a relationship, living in London, own a dog etc
The most important metric when building communities and brand awareness. This relates to people interacting with you and your posts. It shows how much people interact with the content. Factors that influence engagement include users' comments, shares, likes, and more. According to the media/platform you are using - The average influencer engagement rate across industry verticals is 5.7%. As a comparison, the average engagement rate for brands on Instagram has fluctuated between 2-3% in the past year. As referenced by Business Insider (http://uk.businessinsider.com/snapchat-courts-influencers-with-analytics-tool-2018-2?r=US&IR=T)
General Data Protection Regulation, which is an updated and much-needed regulation in Europe in full force from 25th May 2018. Under the regulation, we, as consumers/ users are entitled to know what data companies are capturing/ storing about us and how they are planning to use it.
This is the eyeballs that saw your advert not considering if they did anything further. A top-level metric into understanding your conversion funnel.
Age old, but still relevant and good - KEEP IT SIMPLE STUPID
This helps not only with SEO but also a good test for you to summarise in 140 characters the purpose/content of your page
Minimum Viable Brand - May seem like an obvious one, but much like how you need to establish Minimum Viable Product/ Minimal shippable for your product or service, you should do the same for your brand. This is the minimum branding to get you over the line to Beta/ Launch. This can and will be evolved over time.
Probably the vital proof point for any startup - Product Market Fit. This is when you are able to prove there is a gap/ niche/ space in the market to be satisfied by your product/ service.
Pay per click also known as keywords. This is a paid for output by Google or Bing. When you search on these search engines, you will see adverts to your keywords that say “ad”, normally within the top 3 results of a search page.
A project management methodology, it is more “traditional” and usually used in larger enterprises as it requires milestone project plans with sign-offs which means work cannot proceed until each state is signed off.
This seems to be a "newer" trend of smerging consumer and enterprise customer targeting, the best way of rationalising this is as such of start ups or SME's. In terms of products, best example to explain, imagine
The last thing you want is having to set calendar reminds or relying on yourself to post of social when you want to meet specific deadlines. Although I believe true social is natural posting when it’s happening, some things need to be pre-agreed with clients.
There are various tools to help with social schussing, my personal favourite (and it is free for the basic package) is Hootsuite - https://hootsuite.com/
User interface/ User Experience; these go hand in hand to compliment each other yet are completely different.
My favourite expert in this area is:
Unique Selling Point. The why/ what that differentiates you from your competitors and really the core of your survival in the market
Everyone has a different learning style and ability to store information, so if you fancy listening to some good podcasts and/or instead of reading the FAQs and content online, here are some I recommend. For those of you getting started out on podcasts, as I am only a recent converted; podcasts are free (they earn the money from adverts) and you can download them on Spotify, Podcast app, iTunes or Kindle.