Marketing Glossary

Curious about a certain marketing or advertising term? Our glossary has you covered.

Foot Traffic 

Marketers are under immense pressure from executives and board members to deliver results. Metrics like impressions or traffic won’t cut it as performance metrics anymore. Instead, marketers focus on measuring real business results, like foot traffic.  As a performance metric, measuring foot traffic can influence everything from audience targeting strategies to your company’s media mix. If you’re new to measuring foot traffic from your ad campaigns, we’re here to help. Here is everything you need to know.  What Is Foot Traffic?  Foot traffic describes the people who walk through your door. Whether you have one location or multiple, if customers can visit a physical store, they are considered foot traffic. In marketing, specifically, foot traffic measures how many people visited your store after they were served one of your ads.  Despite the rise of online shopping, most retail purchases are made in physical locations. What’s more, people are more likely to make purchases once they are in your store. Marketers build ad campaigns around increasing foot traffic because it will also increase return-on-ad-spend (ROAS) and other important performance metrics.   Foot traffic also helps marketers understand who their audience is. Because the laws on consumer privacy continue to change, many online marketing metrics can be imprecise. Foot traffic is an accurate measurement of interest, customer loyalty, and purchase intent. No matter what industry your company is in, those are key indicators for growth.  Importance of Foot Traffic in Marketing Strategy To execute a true omnichannel marketing strategy, marketers must consider how their tactics drive foot traffic. Online traffic is helpful, but foot traffic helps create a better customer journey, build more precise audience segments, and increase purchases. Without campaigns specifically designed to bring customers into their locations, companies are leaving money on the table.  How to Boost Foot Traffic  To boost…

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CCPA

What is the California Consumer Privacy Act (CCPA)? The California Consumer Privacy Act, or CCPA, is a law that was passed in 2018 and gave California residents (consumers) more privacy rights and control over the data businesses collect about them. Under the CCPA, consumers have the right to know which personal information is collected by businesses and how it is used; and the right to delete and opt-out of the sale of their personal information. In addition, businesses must communicate their privacy pracitices with consumers.

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Supply Side Platform (SSP)

What is a Supply-Side Platform (SSP)? A supply-side platform, or SSP, is an AdTech software platform that allows digital publishers to sell ad space in automated auctions. Publishers use SSPs to manage and optimize their display, video, and native ads. SSP advertising helps publishers monitize their websites.

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Third Party Data

What is Third-Party Data? – Definition Third-party data (or 3rd-party data) is data that brands purchase from other sources, which were not the original collectors of that data. Third-party data is only used if the brand doesn’t have their own original data, and can be less accurate since it is not taken from a direct source. Data is usually bought from aggregators that pull data from various platforms and websites. Third-Party Data vs. First-Party & Second-Party Data First-party data is information collected directly from the source. Any information a company learns directly from their customers, prospects, or anyone associated with their brand is considered first-party data.  Second-party data, as the name suggests, is one step removed from first-party data. Any time a company purchases data from a first-party source, they are buying second-party data. It’s not their own customer data, but it is only one step removed from the source.  As you might imagine, first-party data is the most accurate and precise, especially when it comes to audience targeting and segmentation. First-party data is always preferred. Third-party data can be useful in some cases, but it mostly fills the gaps in first- and second-party data rather than acts as the most important source.  Benefits of Third-Party Data for Targeted Advertising Some companies cannot access enough first-party data to build campaigns around. Whether they are new to the industry or don’t have a product that collects customer data, they must rely on third-party data to run effective campaigns.  When it comes to audience segments, any specificity is better than generalizations. If a company can use third-party data based on real-world behaviors and intent, rather than online browsing, it is much more reliable and will make their marketing efforts more efficient. Find third-party data that relies on shopping habits or location, actions…

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Third-Party Verification

What is Third-Party Verification? Third-party verification (TPV) is the process of having an independent third party verify a customer’s purchase, information, or action. Third-party verification is often done to make sure the customer is actually making a request and is usually done by phone. TPV ensures accuracy and transparency. Sign up for Ads Manager Learn how to buy and manage all of our available advertising products in our easy-to-use self-serve platform. Sign up Subscribe to our Newsletters Stay on top of the latest location marketing news, strategies, tips and tricks. Subscribe See what location can do for you. Contact Us

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OTT

What is OTT? OTT, or Over the Top, is the delivery of TV programming via the internet. OTT content can be viewed using a CTV device on a TV screen and it can also be viewed on desktop, tablet, and mobile. OTT content can be accessed by paying for a monthly or annual subscription to streaming services such as Netflix, Hulu, Peacock, and many more. OTT can also be accessed by using ad-supported streaming services that are free. Learn more about how GroundTruth connects you to your streaming audiences with GroundTruth’s CTV and OTT solutions. Sign up for Ads Manager Learn how to buy and manage all of our available advertising products in our easy-to-use self-serve platform. Sign up Subscribe to our Newsletters Stay on top of the latest location marketing news, strategies, tips and tricks. Subscribe See what location can do for you. Contact Us

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CTV

What is CTV? — Definition & Meaning  Connected TV (CTV) refers to any television or device that can connect to the internet and stream digital content, including smart TVs, gaming consoles, and devices like Roku or Amazon Fire Stick. CTV enables users to access on-demand video and streaming services, while also allowing advertisers to deliver targeted ads directly to viewers through these platforms. Examples of Connected TV (CTV)? Smart TVs. Smart TVs are a type of Connected TV (CTV) with built-in internet connectivity and apps, allowing users to stream digital content directly on their television without needing additional devices like streaming sticks or gaming consoles. Streaming Sticks & Connected Devices. Streaming sticks are compact devices that plug into a TV’s HDMI port, turning it into a Connected TV (CTV) by enabling internet access and streaming capabilities. Examples include Amazon Fire Stick, Roku, and Chromecast. These devices allow users to stream digital content, such as movies, TV shows, and apps, directly on their television, even if the TV itself isn’t a smart TV. Streaming sticks effectively convert traditional TVs into CTVs, offering an affordable and convenient way to access online streaming services. Game Consoles. Game consoles, such as PlayStation, Xbox, and Nintendo Switch, serve as Connected TVs (CTVs) when connected to the internet, allowing users to stream digital content in addition to playing games. These consoles offer access to streaming apps like Netflix, Hulu, and YouTube, enabling users to watch movies, TV shows, and other online content directly on their television. By integrating gaming and streaming, game consoles function as versatile CTV devices, combining entertainment and media consumption in one platform. CTV users can only access the programming that their platform provides. What is not considered CTV? While CTV is the actual device that connects to your TV, or your TV…

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Prospecting

What is Prospecting? In advertising, prospecting is the effort of attracting new audiences who are likely to convert to customers. Prospecting is sometimes referred to as “look-alike” audiences. Prospecting ads are targeted to similar audiences to your own, in the effort to find new customers. Sign up for Ads Manager Learn how to buy and manage all of our available advertising products in our easy-to-use self-serve platform. Sign up Subscribe to our Newsletters Stay on top of the latest location marketing news, strategies, tips and tricks. Subscribe See what location can do for you. Contact Us

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Real-Time Bidding (RTB)

What is Real-Time Bidding (RTB)? Real-time bidding (RTB) is the automated process of buying and selling ad inventory on an impression-basis through real-time auctions. Ad buyers bid on an impression in real time, and if the bid wins it is immediately shown on the website. The entire RTB process occurs prior to a website’s loading. Sign up for Ads Manager Learn how to buy and manage all of our available advertising products in our easy-to-use self-serve platform. Sign up Subscribe to our Newsletters Stay on top of the latest location marketing news, strategies, tips and tricks. Subscribe See what location can do for you. Contact Us

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Real-Time Targeting

What is Real-Time Targeting? Real-time targeting is a way for advertisers to deliver personalized advertising messages to the right audience, at the right time. Real-time targeting is performanced based, since it requires highly personalized messages to be delivered at specific trigger points (as opposed to scheduled, batch messages). Knowing when to send those ads is based on data. Sign up for Ads Manager Learn how to buy and manage all of our available advertising products in our easy-to-use self-serve platform. Sign up Subscribe to our Newsletters Stay on top of the latest location marketing news, strategies, tips and tricks. Subscribe See what location can do for you. Contact Us

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