Glossary

Marketing & CRM Terms Explained

A plain-English reference for the terms and concepts used across customer engagement, marketing automation, SMS, email, and CRM — so your whole team is speaking the same language.

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Churn Rate

The percentage of customers who cancel or stop purchasing within a given time period. Calculated as (customers lost ÷ customers at start of period) × 100. Reducing churn by even 1–2% can dramatically increase lifetime value.

Click-Through Rate (CTR)

The percentage of people who clicked a link in an email, SMS, or ad out of those who received or saw it. A key indicator of message relevance and offer appeal.

Conversational AI

AI technology that enables natural, two-way dialogue between businesses and customers — through chatbots, voice assistants, or automated messaging. Goes beyond scripted responses to understand intent and respond contextually.

Conversational Marketing

A marketing approach centered on real-time, one-on-one conversations with prospects and customers — via live chat, SMS, or AI chatbots — to qualify leads, answer questions, and move people through the funnel faster.

CRM (Customer Relationship Management)

Software that centralizes customer data, tracks interactions, and enables businesses to manage relationships at scale. A good CRM connects marketing, sales, and support into a single view of each customer.

Customer Data Platform (CDP)

A system that unifies customer data from multiple sources (website, POS, email, SMS, apps) into a single customer profile. Unlike CRMs, CDPs are built for marketers and designed for real-time activation across channels.

Customer Engagement

The depth and frequency of interactions between a customer and a brand across all touchpoints. High engagement correlates with higher retention, more referrals, and greater lifetime value.

Customer Lifetime Value (LTV)

The total revenue a business can expect from a single customer account throughout their relationship. Increasing LTV through retention and upsells is typically more cost-effective than acquiring new customers.

Customer Retention

The ability of a business to keep its existing customers over time. Measured as retention rate = ((customers at end - new customers) ÷ customers at start) × 100. Retention is the foundation of sustainable growth.

Customer Segmentation

The process of dividing customers into groups based on shared characteristics — demographics, behavior, purchase history, or lifecycle stage — so you can send more relevant messages to each group.

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