Businesses are increasingly using retail media to reach their target audiences. This can be a complex and ever-changing landscape, with new terms and concepts emerging all the time. A retail media glossary can help businesses to make sense of this complexity by providing a central repository for definitions of key terms and concepts. This can help to improve communication and collaboration between different departments within an organisation, as well as with external partners. A retail media glossary can also help to improve data quality by ensuring that data is consistently defined and used. This can lead to more accurate and reliable insights, which can help businesses to make better decisions.
The location and context in which an advertisement appears on a retail platform, which can affect its visibility and effectiveness.
A platform that allows advertisers to manage their advertising campaigns and monitor their performance on a retail platform.
A specific type of Retail Media that involves advertising on the Amazon platform, which has become increasingly popular among brands and retailers.
The degree to which a brand is recognised and remembered by potential customers, which is important for Retail Media to increase sales.
The way in which a brand is perceived by customers relative to competitors, which is important for Retail Media to differentiate products and increase sales.
The percentage of people who click on an advertisement, which is a key metric for evaluating the effectiveness of Retail Media campaigns.
The process of improving the percentage of website visitors who complete a desired action, such as making a purchase, which is important for Retail Media to increase sales.
The amount an advertiser pays each time someone clicks on their ad, which is a common pricing model used in Retail Media.
The practice of using multiple channels to reach customers and promote products, which is important for Retail Media to increase brand awareness and sales.
The practice of offering complementary products or services to customers, which is an important strategy for increasing sales in Retail Media.
The overall experience a customer has when interacting with a business, which is critical for eBusinesses to ensure customer satisfaction and loyalty.
The degree to which customers are committed to a brand or retailer and continue to make purchases over time, which is important for Retail Media to increase repeat business.
The practice of keeping existing customers engaged and satisfied to encourage repeat purchases, which is another important aspect of Retail Media.
Feedback and ratings provided by customers about products or services, which can influence purchasing decisions and are often featured in Retail Media.
The practice of tailoring marketing efforts to specific customer segments based on factors such as demographics, behaviour, and preferences.
Advertising that is targeted based on data and insights, such as customer behaviour or preferences, which is a key feature of Retail Media.
Digital marketing refers to the promotion of products or services through digital channels such as search engines, social media, email, and websites. It involves various tactics such as search engine optimization (SEO), pay-per-click advertising (PPC), and content marketing.
The practice of adjusting prices based on factors such as supply and demand, which is increasingly used in Retail Media to increase competitiveness and profitability.
The practice of targeting ads to specific geographic locations, which is often used in Retail Media to reach local customers.
The practice of partnering with influential individuals or groups to promote products or services, which has become increasingly popular in Retail Media.
Advertising that is displayed within physical retail locations, such as in-store displays or point-of-sale advertisements.
The buying and selling of goods or services through mobile devices such as smartphones and tablets, which is becoming increasingly important for eBusinesses.
Advertisements that are designed to match the form and function of the platform on which they appear, which is often used in Retail Media to blend in with product listings.
The ability of a business to provide a seamless experience across multiple channels, such as online, in-store, and mobile, which is crucial for eBusinesses to reach and engage customers.
The practice of tailoring marketing efforts and product offerings to individual customers based on their preferences and behaviours, which is becoming increasingly important in Retail Media.
The presentation of products on a retail platform, which often includes product images, descriptions, and reviews.
The strategic placement of products within a retail space or marketing campaign, which can influence customer behaviour and purchasing decisions in Retail Media.
Suggestions of related or complementary products that are displayed to customers on a retail platform, which is often used in Retail Media to increase cross-selling.
The use of automated systems to buy and sell advertising space in real-time, which is increasingly used in Retail Media to reach target audiences.
The use of entertainment and experiential elements in retail spaces to attract and engage customers, which is becoming an important component of Retail Media.
The use of advertising and marketing techniques in retail settings, which is an important component of Retail Media.
The use of data and insights to understand customer behaviour and improve the effectiveness of marketing efforts in Retail Media.
Retail Media refers to the advertising and promotional activities that take place within retail environments, such as online marketplaces and physical stores. This can include targeted ads, sponsored product listings, and in-store displays.
The practice of serving ads to people who have previously interacted with a brand or product, which is often used in Retail Media to encourage repeat purchases.
A metric that measures the revenue generated by advertising campaigns relative to the cost of those campaigns, which is important for evaluating the ROI of Retail Media.
Search engine optimisation, the process of increasing the quantity and quality of traffic to a website through organic search engine results.
The use of social media platforms to facilitate online buying and selling of goods and services.
Products that are advertised on a retail platform, such as Amazon or Walmart, and appear in search results or on product pages.
The practice of offering higher-priced or upgraded versions of products or services to customers, which is another strategy for increasing sales in Retail Media.
Content created by customers, such as reviews, photos, or videos, which can be used in Retail Media to increase authenticity and credibility.
Another specific type of Retail Media that involves advertising on the Walmart platform, which has also gained popularity in recent years.