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eCommerce Glossary

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Abandoned Cart

A situation where a user of an online store adds a product to the cart, but does not complete the purchase process.

Abandoned carts are often caused by unexpected shipping costs or a complicated checkout process.

Authentication

A security process whereby the user's identity is verified (eg using a password, SMS code or biometrics).

When entering the system, the user was authenticated by entering an SMS code.

Authorization

The security process in which the system verifies that the user is authorized to use a particular service or perform an action (e.g. payment)

When paying online, the bank's system performs authorization to confirm the transaction

Average Time on Site

A metric that shows how long, on average, users spend on a website in one visit

Analytics showed that the average time spent on the site increased from 3 minutes to 5 minutes

B2A (Business to Administration)

Interaction between business and administration

Companies apply to the government to complete administrative formalities.

B2B (Business to Business)

Interaction between businesses

The supply of goods by a company to another business is a B2B transaction.

B2C (Business to Consumer)

A commercial model where a company sells products or services directly to the end user.

Online stores that sell to individuals operate under the B2C model.

C2B (Customer to Business)

Interaction between users and businesses

The user offers a service to the company (e.g., taking a photo).

C2C (Consumer to Consumer)

A commercial model where users sell or exchange products with each other via an online platform

Phubber and MyMarket are platforms that operate on a C2C model.

CMS - Content Management System

A program that allows users to create, edit and manage content on a website without coding.

Wix is ​​an example of a CMS that allows you to easily update your website.

CTA - Call To Action

A button or link that prompts the user to perform a specific action.

"Buy Now" or "Add to Cart" buttons are examples of CTAs.

Conversion

One of the main metrics of online marketing, which indicates the performance of the desired action by the user (for example, placing an order, subscribing to a newsletter, etc.).

To increase website conversion, you need to improve your marketing strategy.

Cross-selling

"A sales technique where the customer is offered additional products related to the product he has selected or purchased.
"

We offer a mouse and a laptop bag to a customer who buys a laptop.

Inventory Stock

The amount of products that a business has in stock for sale or shipment

The store increased its stock so that the product would not run out during the upcoming sale.

Keyword

A word or phrase that a user uses to find a product in a search engine.

If I'm selling shoes, the keywords might be "sports shoes", "summer sandals", etc.

Live Chat

A form of online service where the user communicates in real time with a company representative via a chat on a website

The user received an immediate answer to their question via live chat support.

Loyalty Program

A program that rewards users for repeat purchases, such as discounts or points.

For every 100 GEL, the user receives 10 points, which can be used for the next purchase.

Marketing Automation

Using software to automate marketing tasks, such as sending emails.

An automated email campaign goes to all users who have registered on the site.

NPS - Net Promoter Score

A metric that measures customer loyalty and willingness to recommend a business.

In order to achieve a high NPS, a company should focus on improving the user experience.

Offer

Special conditions or discounts offered to the customer by the online store.

Don't miss out on our New Year's offer, which will last for a limited time only.

Order

The process of choosing and purchasing desired products by the buyer in the online store.

Your order has been received and is being processed.

Organic Traffic

Visitors to a website who come from search engines (e.g. Google) for free, without ads.

After SEO optimization, our site's organic traffic increased significantly.

Pre-sale Lead

A potential customer who has shown interest in a product or service but has not yet made a final decision to purchase.

After the webinar, we received several pre-sales leads who were interested in using our platform.

Product Description

Text that informs the customer about the product's features and benefits.

The product description explains that this shirt is made of 100% cotton and is natural

Recommendation Engine

An algorithm that offers users products tailored to their interests

The recommendation system added to the site increased sales by 15%.

Retargeting

A marketing strategy where you show your ad again to customers who have already visited your site or viewed products but not purchased. This ad appeared on other and other sites.

A user was looking at a pair of shoes, then on another site they saw an ad for the same pair of shoes again.

SEO - Search Engine Optimization

The process of optimizing a website or content to increase organic, free traffic from search engines.

Improving website SEO will help customers find your products easily on Google.

Sales Funnel

A marketing model that describes the customer journey from the initial stage (interest generation) to the final purchase.

Optimizing each stage of the sales funnel is essential to increase conversion.

Shopping Cart

A virtual space on a website or app where a user places the products they want to buy

After adding the products, you can go to the cart and checkout.

Supplier

A company or person that provides products or services for sale to a business

The online store signed an agreement with several suppliers to expand the product range

Traffic

Number of visitors coming to the site.

A social media campaign increased website traffic.

Upselling

A sales technique where a customer is offered a more expensive or improved version of a product they are already planning to buy.

Convincing the customer to buy a better product instead of a "standard" product.

eCommerce

It is the buying and selling of products and/or services over the Internet.

Buying clothes from an online store is an example of e-commerce.

m-commerce

A type of e-commerce that is carried out through mobile devices (smartphones, tablets).

Buying a product through a mobile app is an example of mobile commerce.

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