- EOD / EOM / EOY
End of Day/Month/Year
- MOM/YOY
Month-over-month/Year-over-year
- YTD
Year to Date
- Q1 / Q2 / Q3 / Q4
Breaking down the year into 4 chunks of 3 months e.g. Q1– 1st Quarter (etc.)
- KPI (key performance indicator)
KPI is a measurable value that helps organizations track progress towards their goals and objectives. It is a metric that is critical to the success of a business or project. KPIs help track and measure success— a great metric to track if your business is goals based.
- ROI (return on investment)
The ROI metric measure the profitability of an investment relative to its cost. It is calculated by dividing the net profit of an investment by its initial cost, and expressing the result as a percentage. In simple terms, ROI helps investors and business owners determine if an investment is worth the cost. ROI metric is best used when you want to evaluate the financial performance of an investment or project and compare different options to determine which ones will deliver the highest return on investment.
- WOM (Word of mouth)
When people are talking about your business in their online and real life conversations. It’s a great sign that interest is growing in what you’re doing, and telling their friends and family about your products and services.
- USP (Unique selling point)
USP is a characteristic or feature of a product or service or brand that makes a product or brand unique and different from the competition and provides a unique benefit to customers. By emphasizing a USP, businesses can better differentiate themselves in the market and appeal to their target audience.
- B2B (Business to business)
Business to Business refers to one business sells products or services to another business.
- B2C (Business to consumer)
B2C refers to a business sells products or services directly to end-users or customers.
- SaaS (Software as a service)
SaaS is a software delivery model in which applications are hosted by a service provider and made available to customers over the Internet. SaaS is typically provided on a subscription basis, and the service provider handles maintenance, updates, and security.
- MQL (Marketing qualified leads)
Refers to the sales funnel. MQL are prospects who are at the top of the funnel (Attract or Aware stage). MQLs are not ready to take action or make a purchase yet.
- SQL (Sales qualified leads)
Refers to the sales funnel. SQL are prospects who are about to become leads and are usually near the bottom of the funnel (Convert or Delight stage).
- TOFU (Top of the funnel)
These are cold prospects who have never heard of your brand or know very little.
- MOFU (Middle of the funnel)
These are warm prospects who know your brand and are in the stage of considering and evaluating your offerings.
- BOFU (Bottom of the funnel)
These are hot prospects who are ready to take the next step (ready for conversion)
- AM (Account manager)
AM Account manager is the clients’ primary point of contact responibsile for devising effective marketing strategies, managing client communications, and composing detailed client reports.
- PM (Project manager)
The PM is esponsible for leading cross-functional teams in the successful delivery of projects.managing project scope, timelines, and budgets while ensuring that deliverables meet quality standards.
- SLA (Service level agreement)
SLA is a commitment between a service provider and a client. Sla’s defines the level of service expected, such as response times, availability, and performance metrics. It outlines the responsibilities of both parties and specifies the consequences if the agreed-upon service levels are not met.
- ToS (Terms of service)
A set of rules and guidelines that outline the conditions and expectations of using company services. ToS may include information such as user conduct, intellectual property rights, disclaimers of liability, and more. By agreeing to the ToS, users agree to abide by the company’s rules and policies while using their services
- SOW (Statement/scope of work)
A stated roadmap to a project that lays out the timeline, budget, deliverables, and expectations for both you and the agency you are working with. The contents of SOWs iclude the scope, costs and stakeholders of a job.
- QR Code (Quick response barcode):
These are the codes that marketers generate to bridge offline and online marketing.
- AI (Artificial intelligence)
AI are intelligent machines that can perform tasks that typically require human intelligence, such as learning, problem-solving, decision-making, and natural language processing.
- ML (Machine learning)
ML Interlinks with AI and involves the use of algorithms and statistical models to enable computer systems to improve their performance on a specific task through experience.