No More Confusion: Your Ultimate Guide to Marketing Communication Lingo

 

Cartoon picture of business people talking

Considering that every industry has its own language, concepts, and acronyms, try to familiarize yourself with this list if you are interested in the Marketing Communications industry. The list of need-to-know terms will continue to grow as time, techniques, and technologies advance, so feel comfortable asking about a term or acronym if you are unfamiliar with it because chances are that others are also in the dark when they hear “UX,” “KPI,” or “CTA.”


General Marketing Terms

  • Analytics: In marketing, analytics refers to the process of analyzing data to determine the return on investment of a particular marketing activity. Marketers may also use the term “analytics” to talk about the dashboard or system they use to review and track this data.
  • B2B: Business-to-business marketing refers to companies that market their products or services to other businesses rather than individual consumers. (See also B2C below for comparison.)
  • B2C: Business-to-consumer marketing refers to companies that sell their products or services directly to the end customer.
  • Brand: A brand is the way a company is perceived and experienced by potential customers. Pieces of a brand include its logo and other design elements, the voice it uses when interacting with customers, and the target customers it’s known for serving.
  • Brand awareness: The extent to which potential customers are familiar with your company and the distinct images or qualities that are associated with what you are selling.
  • Buyer persona: Imaginary profiles of ideal customers based on real-life consumer data, which are used to inform the audience, tactics, and tone of marketing activities.
  • Call to Action (CTA): A prompt encouraging website visitors to take a specific action, such as signing up for an email newsletter or making a purchase. CTAs guide potential customers through the next step in the sales funnel.
  • Campaign: A cohesive set of marketing activities designed to achieve a specific goal, such as spreading awareness of a product or increasing sales.
  • Case study: A type of content showcasing a company’s work with a past customer, often using statistics or other quantifiable results to highlight the value provided.
  • Cold calling/emailing: Outreach by phone or email to potential customers with whom the company has had no prior contact.
  • Content: Any piece of information created to be viewed by an audience, such as blog posts, email newsletters, social media posts, videos, or print brochures.
  • Customer journey: The process that describes the stages a potential customer goes through—from showing initial interest to completing a purchase or interaction.
  • Engagement: Refers to the connection and relationship marketers build over time with their customers, often measured by actions like clicks, comments, or shares in digital marketing.
  • Lead: A potential customer who has engaged with a brand and shows interest in its products or services.
  • Qualified Lead: Leads identified as high-potential customers based on engagement or data, often passed along to sales teams for follow-up.
  • Return on Investment (ROI): A core metric of whether a marketing campaign yielded enough success to justify its cost.
  • Sales funnel: The process that potential customers go through before making a purchase, starting with awareness and leading to conversion.
  • Unique Selling Proposition (USP): The standout feature, quality, or value that differentiates a product or service from its competitors.

Media, PR, and Communications Terms

  • Byline: An article written for a publication, often ghostwritten to appear under a client’s name.
  • Earned Media: Publicity or exposure a company receives from third-party sources, such as journalists or influencers, without paying for it.
  • Media Relations: Managing the relationship with members of the media to secure press coverage and maintain a positive brand reputation.
  • Media Training: Prepping clients to effectively handle media interviews, ensuring they deliver the desired messaging while maintaining confidence and composure.
  • Newsjacking: Injecting your brand, service, or client into trending or breaking news to gain publicity or visibility.
  • Owned Media: Media channels directly controlled by a business, such as its website, blog, or LinkedIn profile.
  • Pitch: A proposed story idea shared with journalists, often used to secure media coverage. This is typically sent in an email or via direct outreach on social platforms.
  • Press Release: An official statement or announcement sent to the media to share important news about a business, product, or event.
  • Share of Voice (SOV): A metric that evaluates how much visibility or market presence a brand, product, or service has compared to its competitors.
  • SME (Subject Matter Expert): An authority on a topic, often used as a spokesperson for a company or specialized projects.
  • Stakeholder: Any individual or group—internal or external—who has an interest in a business’s success.
  • Thought Leadership: Positioning oneself or a brand as an expert in a specific discipline through content, speaking engagements, or other authoritative statements.
  • Top-Tier: Industry jargon referring to the most prestigious national news outlets, such as The Wall Street Journal or The New York Times.

Digital Marketing Terms

  • Content Management System (CMS): A tool marketers and web developers use to create and manage digital content on websites (e.g., WordPress).
  • Keyword: Words or short phrases used in search engines by users, often incorporated into content to increase search engine visibility (SEO).
  • Landing Page: A standalone web page used as part of a marketing campaign, often featuring a strong CTA like signing up for a service.
  • Lead Magnet: A free item or resource offered in exchange for contact information, such as a free PDF guide or discount code.
  • Search Engine Optimization (SEO): Strategies and techniques for improving how a webpage ranks in search engine results pages (SERPs), often by using relevant keywords and high-quality content.
  • Social Proof: The phenomenon where potential customers are more likely to trust a brand or product if they see other users recommending or endorsing it (e.g., testimonials, reviews).

Social Media Marketing Terms

  • Avatar: A profile image used for representation on social media.
  • Boosted Post: A paid promotion for a social media post, typically used to target specific demographics and increase visibility.
  • Cross-Channel: The use of consistent messaging and creative assets across multiple marketing channels, such as combining social media, email, and traditional marketing efforts.
  • Dark Post: Targeted social media advertisements that do not appear on the company’s formal profile or page but are shown directly in targeted users’ feeds.
  • Vlog: A “video blog” released regularly as part of a brand’s content strategy.

Market Research and Analytics Terms

  • A/B Testing: Experiments comparing two versions of marketing material (e.g., webpages or email designs) to evaluate which performs better.
  • Conversion Rate: Measures the percentage of users who take a specified action on a website or platform—this could range from completing a purchase to signing up for a newsletter.
  • Customer Acquisition Cost (CAC): The total expense incurred to acquire a new customer.
  • Customer Segmentation: Dividing customers into distinct groups based on demographics, behavior, or other factors to tailor marketing strategies.
  • Key Performance Indicator (KPI): Data points or metrics used to determine whether a marketing strategy is meeting specific goals.
  • Metrics: Quantifiable indicators (like click-through rate or bounce rate) used to assess campaign performance.
  • S.W.O.T Analysis: A strategic planning framework that evaluates a company’s Strengths, Weaknesses, Opportunities, and Threats.

Additional Useful Concepts

  • In-House vs. Agency: A comparison of working directly for one company (in-house) versus working for a third-party agency serving multiple clients.
  • Whitespace: Refers to untapped market opportunities or unmet consumer needs where there is little competition.

2023 Innovation Challenge – Recap

Brendan Candon '10 speaking

The Ciocca Center, in partnership with HC Launch, hosted the annual Innovation Challenge yesterday afternoon. Yesterday’s competition revolved around business solutions for SidelineSwap, the premier marketplace dedicated to connecting athletes and sports enthusiasts in the dynamic world of sports gear selling. Founded by Brendan Candon ’10 in 2015, SidelineSwap has a remarkable track record of facilitating transactions exceeding $250 million and has earned its place among the fastest-growing global marketplaces, as recognized by the esteemed Andreessen Horowitz A16z Top 100 list. Backed by influential investors, including strategic partners such as Dick’s Sporting Goods and eBay, SidelineSwap is not only a platform for buying and selling sports equipment but a community-driven hub that empowers athletes to access quality gear affordably. The recent addition of the Trade-in Platform further exemplifies SidelineSwap’s commitment to innovation, enabling retail partners to create circular shopping experiences and fostering a sustainable and accessible marketplace for sports enthusiasts worldwide.

Students were tasked with pitching one of three solutions proposed by the CEO himself: 

Identifying Potential Sales Opportunity:

Identify a sport with over $10 million annual secondhand gear sales potential, requiring research on market size and characteristics for a successful second-hand marketplace.

Creating a User Experience Using AI:

Design an AI-driven user experience to address user problems and drive positive outcomes for SidelineSwap.

Designing a Solution For Cleaning Bats and Clubs in Bulk:

Propose solutions for efficiently cleaning baseball bats, softball bats, and golf clubs in bulk before listing on SidelineSwap.

Integrating AI into the UI: Securing 1st place, API-tizer tackled the challenge by suggesting an innovative incorporation of AI into SidelineSwap’s user interface. Rather than taking the conventional route of directly enhancing the user experience, API-tizer put forth a groundbreaking proposal to integrate AI seamlessly into SidelineSwap’s UI. This integration, facilitated through an API, was specifically aimed at photo verification and data-related processes for enhanced verification. The team not only addressed the prompt but also demonstrated forward-thinking by devising cost-effective strategies for the smooth integration of this advanced tool. Their pitch underscored a profound understanding of how strategically deploying AI could fortify user trust and elevate the overall credibility of the platform.

Savvy Sam: Claiming the 2nd place position, Team Sam directed their focus toward creating a more personalized and efficient user experience. Their innovative solution involved introducing a virtual chat assistant, named Sam, to SidelineSwap’s website. This AI-powered assistant was conceptualized to facilitate personalized user interactions, streamlining the process for users to find customized sports gear more efficiently. Team Sam’s approach emphasized the importance of user-centric design and showcased a commitment to enhancing the overall journey for SidelineSwap users, aligning with the prompt’s objective of using AI to drive positive outcomes for the business.

Squeaky Clean Solutions: The Clean Team, securing 3rd place, devised a meticulous solution aimed at optimizing the cleaning process for SidelineSwap. Acknowledging the operational challenge of managing thousands of sports products, especially baseball bats, softball bats, and golf clubs, the team presented an innovative proposal. Their approach involved implementing ultrasonic cleaners for golf clubs, demonstrating a practical and cost-effective strategy to enhance efficiency and reduce costs in the cleaning process. The Clean Team’s pitch showcased a thorough understanding of the operational intricacies within SidelineSwap’s warehouses, highlighting the significance of maintaining product quality through streamlined cleaning procedures.

Thank you to our judges, Tom Brennan ’86, Terry Waters ’81, and Brendan Candon ’10 for their invaluable time, expertise, and thoughtful evaluation during the SidelineSwap Innovation Challenge.

Winners:

First Place team

API-tizers (Meggan Fourie ’25, Maura Switzer ’25, Ivor Teagle ’25)

1st Place – $1,000:  API-tizers (Meggan Fourie ’25, Ivor Teagle ’25, Maura Switzer ’25)

2nd Place – $500: Team Sam (Nico Corporon ’26, Sean Doyle ’26)

3rd Place – $250: Clean Team (Briana Sullivan ’24, Nico Popeleski ’26, Maya Kryzwda ’24)

Written by Liz Garfield ‘24 

2023 Women in Business Conference Recap

Women in Business Keynote Interview

The 18th annual Women in Business Conference at Holy Cross held on Saturday, November 4, 2023 was an empowering and inspirational event for alumnae and students alike. It focused on various aspects of women’s careers and personal growth within the business world. Here are a few key takeaways from the conference: 

Empowerment and Inspiration: The conference serves as a beacon of empowerment and inspiration for women pursuing success in the business industry. It aims to encourage women to strive for their goals and advance their careers while networking with other alum.

Diversity: Marybeth Kearns-Barrett ‘84 P22 27, the Director of the College Chaplains, emphasized the importance of diversity in her message. This underscores the significance of inclusivity in the business world.

Holy Cross Impact: Christine Anderson ’99, who is the Global Head of Corporate Affairs at Blackstone, served as the keynote speaker. She discussed the value of her liberal arts education in her career journey and highlighted that success in business is not limited to specific majors. Anderson pointed out that the finance industry, though still male-dominated, is a great place for women to work. She encouraged women to actively participate in discussions and engage in the field. She mentioned that Holy Cross’s mission statement still resonates with her, suggesting that the college’s values of “being women for and with others” continue to guide her in her career. 

Networking and Support: Anderson called for students and alumni to support each other and work to strengthen their network at Holy Cross. This highlights the importance of networking and building a supportive community which Holy Cross fosters.

Continuous Improvement: The call for students to always strive to be better indicates the importance of personal and professional growth and development.

Overall, the conference provided a platform for women to learn from successful women in business, gain insights into career development, and foster a sense of community and support among students and alumni. It emphasizes the value of education, diversity, and the importance of women’s active participation in traditionally male-dominated fields like finance.

Special thanks to the conference student organizing committee led by Liz Garfield ’24, Bridget Hayden ’24, Sydney Ives’ 24 and Alexandria “Sasha” Paradise ’24.  Your year-round leadership and enthusiasm in bringing together alumnae and students has been notable.  Thank you! 

Written by Liz Garfield ‘24 & Ariana Clark ‘25.

Student Highlight: Nick Lazzaro ’23

Male student sitting outside

“Holy Cross helped foster my passions as an entrepreneur” shares Nick Lazzaro ’23, “and helped me to learn how to take risks.”  Nick was a long time participant in the Entrepreneurship & Innovation Program and heavily involved in HC Launch, the student entrepreneurs group.  “Encouragement from professors and advisors at the College’s Ciocca Center for Business, Ethics, and Society allowed me to network out of my comfort zone” states Lazzaro, “and created a space for me to flourish in business. I learned that taking risks academically and professionally are crucial to success and the best way to accomplish your goals is to be your unique self.”

In 2022, Lazzaro won first place during the annual Shark Tank Competition for his pitch on Nick’s On-Site Auto Detailing business.  The company not only details cars but we seek to help others via a scholarship fund for Millbury students, where the business has donated more than $1,500 to future college-bound entrepreneurs.  He was also named one of Worcester Business Journal’s 40 Under 40 in 2022.

Fenwick Scholar Max Hendrix ’23

student headshot

Max Hendrix ’23, Fenwick Scholar, recently presented on April 25, 2023 to discuss his work on Intricacies of Agency: Rational Choice, Behavioral Economics, and Our Normative Commitments, after a year long research project to explore the image of agency and rationality in economics through a philosophical lens.

He is a Finance & Banking Certificate graduate pursuing a double major in Philosophy and Economics. Following graduation, he plans to pursue a career that will give him the opportunity to combine the critical thinking, writing and communication skills that he has developed in the classroom as a liberal arts student along with his interests in working with markets, investment strategies, and financial institutions.

Congratulations to Max!

Local Colleges Attend Inaugural Student Entrepreneurial Ecosystem Summit in Worcester

People chatting in circle

Last month at WorcLab, Worcester’s premier business incubator and coworking space, the city hosted the inaugural Student Entrepreneurial Ecosystem Summit (SEES) to bring the startup community together on Saturday, March 25.  Organizations and local businesses set up tables to share their resources with budding student entrepreneurs. The event brought nearly 25 students together from various colleges in the Worcester area including Holy Cross, WPI, WSU, Clark, Assumption, and UMass. Students had the opportunity to learn directly from local business owners, pitch their businesses and explore resources. SEES provided an excellent platform for students to gain practical knowledge and insights from the successful entrepreneurs next door. 

The event kicked off with food and networking on the 7th floor of the Printer’s Building on Portland Street in downtown Worcester. During the summit, students interacted with business owners from a diverse range of industries including biotech, gaming, and maker spaces. They learned about the challenges that these entrepreneurs faced when starting and growing their businesses, the strategies they used to overcome these obstacles and the many resources available to them in Worcester.  Continue reading “Local Colleges Attend Inaugural Student Entrepreneurial Ecosystem Summit in Worcester”

Major in Sociology and Succeed in Business

My name is Kasamba Amiri ’24 and I am a junior at Holy Cross majoring in Sociology pursuing a Certificate in Business Fundamentals. While working towards my Certificate, I have completed a few workshops including Interview Prep, Global Supply Chain Management, and Marketing Communication, & Sales. I have obtained valuable skills and knowledge in these areas, including the Microsoft Excel Tutorial.

With a liberal arts education, we are taught to think about the people behind each facet of a larger functioning body, a skill that proves helpful in developing and maintaining relationships. My relationships with the faculty and staff on campus have helped me understand why I want to pursue a career in business. Working with and meeting alumni through the Ciocca Center has assisted me in networking with professionals as I explore my career options. I was able to connect with Maegan Moriatry ’20 and discuss both the industry and life as a Holy Cross post-graduate! The connections formed through the Ciocca Center have not only helped me prepare for a life in business but for a life as an adult.

My relationships with the faculty and staff on campus have helped me understand why I want to pursue a career in business.

Continue reading “Major in Sociology and Succeed in Business”

WIB Hosts Fiona Boyle ’21 to Share Female Finance Experience

speaker graphic

 

On March 22, 2023, the Women in Business Club hosted an alumna speaker, Fiona Boyle ’21.  She shared her experience of being a female in the finance industry.  Read more to hear takeaways from the audience, written by Olivia Evans ’23.

Fiona Boyle graduated from the College of the Holy Cross in the spring of 2021. She was an Economics major and Art History minor. Upon graduation, Fiona had to navigate the new world that COVID had created for society when it came to the search for a job. During her senior year at Holy Cross, she connected with an HC alumnus on LinkedIn. Later that year, the same alumnus posted a job opening on LinkedIn for a position at a start-up company in Fintech named Mirador. Fiona then reached back out to the alumnus, applied for the job, and later ended up getting an offer and accepting the job. Mirador is now a six-year-old company.

Fiona shared her day-to-day responsibilities at Mirador. Essentially, she creates financial reports for ultra-high-net-worth individuals; therefore, she is responsible for tracking portfolio performance data and building reports to help clients view and understand their assets. Fiona mentioned that Mirador has an excellent onboarding training program for new employees that many refer to as “Mirador University.”

Furthermore, Fiona wanted the audience of the presentation to leave with three main takeaways. Continue reading “WIB Hosts Fiona Boyle ’21 to Share Female Finance Experience”

Colman Benson ’24: Ciocca Center Intern

Student quote from text

My name is Colman Benson ‘24 and I am a junior at Holy Cross majoring in political science with a Certificate in Finance and Banking. Through the Academic Internship Program I am taking the class Policy and Politics: The Midterm Elections, taught by Tim Bishop and Peter Flaherty while I am working for the Ciocca Center for Business, Ethics, and Society to fulfill my internship requirement for the Certificate. Throughout the semester I will be interviewing faculty and alumni to highlight their different career paths in the business world. I will also demonstrate how their liberal arts education and the values of Holy Cross have guided them through their respective business careers.

Towards Certificate completion, I have completed several workshops including Fullbridge,  Interview Prep, Banking Ethics and Corporate Finance and Banking  in addition to the Excel Tutorial.  I have been able to gain fundamental knowledge and useful business skills through my participation in the Ciocca Center workshops. During the Fullbridge Professional Edge Program I worked on a team to study the data and finance metrics of our company along with its competitors to develop a growth strategy throughout a fast-paced simulated work week. We pitched our final project to a panel of mock investors to show how our new product could penetrate the market and provide growth for our company. This workshop was very beneficial as it gave me the opportunity to solve a problem with my teammates and pitch our solution, including how and why our new product would increase our company’s revenue. The Corporate Finance and Banking Workshop has given me an insight into some of the top firms in the industry including Natixis and Wellington, asset management firms. I have been able to grow my connections and foster relationships with Holy Cross alumni that I have met at these firms through the workshop. 

I am very excited to continue expanding my alumni network and to learn more about their experiences in the business world. I believe this will give me a great opportunity to enter the field of finance in the future. 

Check out the following faculty and alumni interviews:

Fenwick Scholar Awarded to Certificate in Finance & Banking Student

Fenwick Scholar Max Hendrix 23

Fenwick Scholar:  Max Hendrix ’23

Studies: Philosophy,  Economics, Certificate in Finance & Banking

Advisors: Prof. Karsten Stueber, Philosophy &  Prof. Kolleen Rask, Economics

Project: Max will undertake a philosophical analysis of human agency under rational choice theory – the theory in mainstream economics that human beings are fundamentally rational and use this rationality to recognize and pursue goals that align with their own self-interest.  Rational choice theory can be useful for its powerful predictive abilities, but contemporary work in both behavioral economics and social psychology have recently begun to critique these assumptions and question the limits of this theory.  Max would like to approach the question from a philosopher’s perspective, particularly those philosophers who emphasize the intrinsically social nature of humans.  Of interest, for example, is Adam Smith’s often overlooked belief that empathy if a fundamental part of our human agency.

Congratulations to Max Hendrix ’23,  a double major in philosophy and economics pursuing a Certificate in Finance & Banking, for receiving the Fenwick Scholar.   This award is the highest academic award that the College bestows. With advisors, the Fenwick Scholar designs a program of independent research or a project that will complete their undergraduate education in the most challenging, creative, and meaningful way.