Definitions of Key Terms And Phrases


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Check out this page for definitions if you are not sure about the meaning of some of the key terms and phrases used on the pages of this site.

I quite regularly use websites like dictionary.com to look up the meanings for words that I am not familiar with, or words that are being used in an unfamiliar context and I find that it makes my experiences with the writing of others much more informative.  

That way I am better able to understand the text and I get to expand my vocabulary at the same time.  But it does necessitate me navigating away from the site that I am engaging with and sometimes that can be a bit distracting.  

So to avoid putting any of my readers in that situation I am including a page (this one) that has definitions of any key words or phrases that I think might need to be explained. 

creating an online home business

So, if you have come across a word or a phrase on this site that you feel needs further explanation, it may well be in the list below.  If you can't find it, I might have missed it.  

We all tend to assume that words and phrases that we are familiar with are also understood by others so it is entirely possible that I have left out a word or phrase that I use all the time and have assumed to be in common usage.  I am not always going to be right (btw, that was actually hard to admit...)  

If I have missed one and it is important to you, it will be important to other readers so I need to ask you for a favour.

Could you please drop me a line using my contact form and let me know what the missing word or phrase is?  I would really appreciate it and you would be doing a service for your fellow visitors to this site.

Definitions...


Affiliate

Affiliate Marketing

a person or organization officially attached to a larger body.

a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate'sown marketing efforts.


Cash Flow Statement

 a cash flow statement, also known as a statement of cash flows, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities.


Content Marketing

a type of marketing that involves the creation and sharing of online material (such as videos, blogs, and social media posts) that does not explicitly promote a brand but is intended to stimulate interest in its products or services.


Cost Plus

relating to or denoting a method of pricing a service or product in which a fixed profit factor is added to the costs.


CSS

abbreviated form of Cascading Style Sheets

a cascading style sheet (CSS) is a Web page derived from multiple sources with a defined order of precedence where the definitions of any style element conflict.


e-Commerce

commercial transactions conducted electronically on the Internet.


Fixed Costs

business costs, such as rent, that are constant whatever the amount of goods produced.


HTML

abbreviated form of Hypertext Markup Language

Hypertext Markup Language, a standardized system for tagging text files to achieve font, colour, graphic, and hyperlink effects on World Wide Web pages


Income Statement

the Income Statement is a representation of the net results of the small businesses operations over a specified period of time, usually a month, a quarter or for a full financial year.


Keyword

a word or concept of great significance, the key topic or subject of a web page.


abbreviated form of Key Performance Indicator

a measurable value that demonstrates how effectively a company is achieving key business objectives.


Lead Generation

the action or process of identifying and cultivating potential customers for a business's products or services.


Network Marketing

Direct selling method in which independent-agents serve as distributors of goods and services, and are encouraged to build and manage their own sales force by recruiting and training other independent agents.


Niche

Niche Market

denoting or relating to products, services, or interests that appeal to a small, specialized section of the population.

a small, specialized market for a particular product or service.


Operational Plan

a detailed plan used to provide a clear picture of how a team, section or department will contribute to the achievement of the organisation's strategic goals.


RSS

a standardized system for the distribution of content from an online publisher to Internet users.


Site Concept

 a meaningful concept, subject or idea that is central topic expounded on in the content of a web site.


Sunk Costs

a sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs (also known as retrospective costs) are sometimes contrasted with prospective costs, which are future costs that may be incurred or changed if an action is taken.


Variable Costs

a cost that varies with the level of output.


Widget (Computing)

an application, or a component of an interface, that enables a user to perform a function or access a service.






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