Marketing term definitions

Experimentation

🎉 THe fun  definition:

Think of experimentation in marketing as throwing a bunch of pasta at the wall to see what sticks, but with less mess and more spreadsheets. It's the art (and pseudo-science) of testing different strategies and ideas, like launching an email campaign with subject lines ranging from "Buy Now!" to "Hey, You Alive?" to figure out which one actually gets people to open their wallets or at least their emails. Embrace the trial and error because even the scientific method knows how to party.

🤓 THe nerdy  definition:

Experimentation in marketing refers to the systematic approach of testing various strategies or elements in a controlled environment to determine their effectiveness in achieving desired outcomes. This involves the design and execution of controlled experiments, typically using methods such as A/B testing or multivariate testing, to compare the effects of different variables on consumer behavior or business metrics. Through this process, marketers can gather empirical data to make informed decisions, optimize marketing tactics, and reduce the risks associated with subjective judgment. Experimentation enables businesses to refine their marketing strategies by using evidence-based insights to adapt to changing market dynamics and consumer preferences.

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