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Sales and Lead Generation Glossary
Navigating the world of sales and lead generation can sometimes feel like deciphering a foreign language. With evolving techniques, tools, and terminologies, it's crucial to stay updated. Our glossary serves as a comprehensive guide to help you understand essential terms in this domain. From basic concepts like 'Lead' and 'Prospect' to more intricate terms such as 'Conversion Rate' and 'Upselling', we aim to provide clear, concise definitions. Whether you're a seasoned sales professional, a budding marketer, or just curious, this glossary is designed to enlighten and inform. Dive in and explore the terms that drive the world of sales and lead generation.
An individual or organization that has shown interest in a product or service, typically through some form of inquiry or action.
A potential customer who has been researched and qualified as fit for a purchase, but has not yet been approached by sales.
The percentage of visitors who take a desired action, such as signing up for a newsletter, buying a product, or filling out a contact form.
A visual representation of the stages a potential customer goes through, from first interaction to conversion. Often divided into stages like awareness, consideration, and decision.
A standalone web page created for a specific marketing campaign, where visitors land after clicking on an ad or a promotional link.
A prompt on a website or advertisement that tells the user what action to take, such as 'Sign Up', 'Buy Now', or 'Learn More'.
A sales call made to a potential customer who has had no prior contact or relationship with the salesperson.
The process of attracting and converting prospects into someone who has an interest in a company's product or service.
Customer Relationship Management. A system or software used to manage a company's interactions with current and potential customers.
A sales technique where a seller persuades a customer to purchase a more expensive item, an upgrade, or an add-on to increase the value of the sale.
A sales technique used to get a customer to spend more by purchasing a product that's related to what's being bought already.
A strategic approach to sales that treats individual accounts as markets of their own.
The percentage of sales opportunities that are successfully turned into actual sales.
A potential customer who has had no prior relationship or meaningful interaction with the company.
A lead that has shown interest in your company or product and might be more receptive to sales efforts.
A lead that is ready and highly likely to convert into a sale soon.
An agreement or potential agreement between a seller and a buyer.
An aggressive sales technique used to persuade customers to make an immediate purchase.
A more gentle and subtle sales technique which involves persuading the customer without pressure.
The process of assessing whether a lead has the potential to be turned into a sale based on specific criteria.
A promise of value to be delivered, communicated, and acknowledged. It's a clear statement about the outcomes that an individual or an organization can realize from using a product/service.
An individual who controls access to decision-makers or information, often receptionists or personal assistants in a B2B setting.
A sales model in which sales reps sell remotely, often over the phone or through online methods, rather than face-to-face.
The traditional model of sales where reps meet potential clients face-to-face, often in the field.
A marketing strategy focused on attracting customers through relevant and helpful content, adding value at every stage in the customer's buying journey.
Traditional form of marketing where companies initiate the conversation and send messages out to the audience, e.g., TV ads, radio ads, cold calls.
A strategic marketing approach focused on creating and distributing valuable, relevant, and consistent content to attract and retain a defined audience and drive profitable customer action.
Business-to-Business. Refers to companies that sell products or services directly to other businesses, rather than to consumers.
Business-to-Consumer. Refers to companies that sell products or services directly to consumers.
Search Engine Optimization. The practice of increasing the quantity and quality of traffic to your website through organic search engine results.
A word or phrase that describes the contents of a web page. Keywords are used in SEO to improve search engine ranking.
A type of performance-based marketing where a business rewards one or more affiliates for each visitor or customer brought by the affiliate's marketing efforts.
Online advertising strategy that targets users who have previously visited a website with display ads specific to that prior experience.
A visual representation of the sales process, laying out the sequence of stages that a prospect moves through leading to a purchase.
The rate at which customers stop doing business with an entity, often used to understand the retention success rate over time.
An organization or business that offers a particular kind of service, often in advertising, marketing, media, PR, or the like.
A continuous, often monthly, payment made to an agency in exchange for ongoing services or work.
A presentation by an agency to a potential client, typically involving strategy, creative concepts, and execution plans for a campaign.
Request For Proposal. A formal document and process that outlines a company's needs and asks for proposed solutions from agencies.
Return on Investment. A metric used to measure the profitability of an investment or to compare the profitability of multiple investments.
Key Performance Indicator. A type of performance measurement to evaluate the success of an organization, employee, etc., in meeting objectives for performance.
Customer Acquisition Cost. The cost associated with acquiring a new customer, typically including marketing expenses, research, and more.
Lifetime Value. A prediction of the net profit attributed to the entire future relationship with a customer.
The amount of money an organization sets aside to spend on advertising.
The procurement of media real estate for advertising purposes.
A set of instructions or a description given to an agency, outlining the job they are to do.
A form of advertising where the ad experience follows the natural form and function of the user experience in which it's placed.
Products or services produced by one company that another company rebrands and sells as their own.
The marketing practice of creating a name, symbol, or design that identifies and differentiates a product or company from other products.