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Glossary

PPC & Meta Ads terms, explained properly

42 definitions written for operators — what the term means, why it matters and what to do about it.

Metrics

6 terms
Conversion Rate (CVR)
The percentage of clicks that result in a conversion.
Cost Per Purchase
Meta's term for the cost of a single purchase event.
CPA (Cost Per Acquisition)
The average cost of acquiring one conversion.
CPC (Cost Per Click)
The average amount you pay each time someone clicks your ad.
CTR (Click-Through Rate)
Clicks divided by impressions — how often your ad earns a click when shown.
ROAS (Return On Ad Spend)
Revenue generated per dollar of ad spend.

Bidding

5 terms
Bid Strategy
How Google or Meta sets your bids on your behalf.
Maximise Conversions
A bid strategy that spends your budget to get the most conversions possible.
Smart Bidding
Google's machine-learning bid strategies that optimise per auction.
Target CPA
A bid strategy that aims for a set average cost per acquisition.
Target ROAS
A bid strategy that aims for a set return on ad spend.

Meta Ads

9 terms
Ad Relevance Diagnostics
Meta's quality, engagement and conversion rankings for your ads.
Advantage+
Meta's automated campaign and audience optimisation suite.
Conversions API
Server-side event reporting that complements the pixel.
Creative Fatigue
When an audience has seen your ad so often it stops responding.
Custom Audience
An audience built from your own data — customers, visitors, engagers.
Dynamic Creative Optimization
Automatically combining creative elements to find winners.
Frequency Cap
A limit on how often one person sees your ad.
Lookalike Audience
An audience modelled on your best existing customers.
Meta Pixel
The tracking code that reports website events back to Meta.

Tracking & attribution

3 terms
Attribution Model
The rule that decides which touchpoints get credit for a conversion.
Conversion Tracking
The setup that records which ad actions led to valuable outcomes.
Conversion Window
How long after a click a conversion can still be credited.

Targeting

4 terms
Audience Segmentation
Splitting your market into groups with shared behaviour or intent.
Dayparting
Adjusting bids or scheduling ads by time of day and week.
Geo Targeting
Limiting or adjusting ads by location.
Remarketing
Advertising to people who already interacted with your business.

Automation & AI

5 terms
A/B Testing
Comparing two variants to see which performs better.
Ad Automation
Rules and AI that manage campaigns without manual work.
Ad Copy Optimization
Improving ad text to raise CTR and conversion rate.
Cross-Platform Advertising
Coordinating campaigns across Google and Meta.
Model Context Protocol (MCP)
An open standard for connecting AI assistants to external tools.

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