Marketing term definitions
Coarse conversion value
🎉 THe fun definition:
Coarse conversion value: Picture a beautiful, high-definition HD television... then switch to a 90s-era tube TV with the rabbit ear antennas. Coarse conversion value is like that pixelated TV; it’s a vague metric in marketing that gives you a rough idea of what's converting. It's the blindfolded, slightly tipsy cousin of precise data telling you what's sort of working, but don't bet your marketing budget on it without clearer vision.
🤓 THe nerdy definition:
A coarse conversion value in marketing refers to a broad estimation or aggregate metric used to assess the overall revenue or value generated from converted actions, such as sales or sign-ups, in a marketing campaign. Unlike granular conversion values, which might capture the exact monetary value of each conversion, a coarse conversion value groups these actions into broader value segments. This approach is often employed when detailed data is unavailable or when the focus is on assessing the general effectiveness of the campaign rather than specific transactional insights. It is particularly useful for high-level strategic planning and evaluating the broader impact of marketing efforts in contexts where precision is less critical.