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Performance marketing emphasizes precise targeting and creative iteration to maximize ROI through paid ads. The chapter highlights the importance of retargeting and lookalike audiences in enhancing reach and conversions. Continuous A/B testing is essential for driving improvements, while various attribution models help understand which marketing touchpoints are most effective in driving conversions.
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Term: Performance Marketing
Definition: A marketing strategy focused on driving measurable results and optimizing paid advertising efforts.
Term: Targeting
Definition: The process of identifying and reaching specific audiences through tailored ads based on demographics, behaviors, or interests.
Term: Retargeting
Definition: A practice of displaying ads to users who have previously interacted with a brand's website or products to encourage conversions.
Term: Attribution Models
Definition: Frameworks that help marketers understand the contribution of different marketing channels and touchpoints in driving conversions.
Term: A/B Testing
Definition: A method of comparing two versions of an ad or landing page to determine which performs better in achieving campaign objectives.