Glossary

Ecommerce & Shopify glossary

Plain-English definitions for competitive research and dropshipping.

12Glossary
B
01

Bounce Rate

Bounce rate is the percentage of visitors who arrive on a website and leave without taking any further action or viewing a second page.

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C
02

Competitive Intelligence

Competitive intelligence is the practice of legally gathering and analyzing public information about competitors and the market to inform business strategy and decisions.

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C
03

Conversion Rate

Conversion rate is the percentage of website visitors who complete a desired action: most often a purchase. Calculated by dividing conversions by total visitors or sessions.

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M
04

Meta Pixel

The Meta pixel (formerly the Facebook pixel) is a snippet of JavaScript that tracks visitor actions on a website to measure conversions, optimize ad delivery, and build audiences for Facebook and Instagram advertising.

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P
05

Product Saturation

Product saturation is the point at which so many sellers offer the same product that competition drives up advertising costs, pushes down prices, and erodes profit margins.

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S
06

Shopify App

A Shopify app is third-party software that adds features to a Shopify store: such as product reviews, email marketing, upsells, or subscriptions. Beyond what the core platform provides.

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S
07

Shopify Pixel

A Shopify pixel is a piece of tracking code that records shopper events: such as page views, add-to-carts, and purchases. On a Shopify store and forwards them to analytics or advertising platforms.

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S
08

Shopify Store

A Shopify store is an online storefront built on Shopify, a hosted (SaaS) ecommerce platform that handles hosting, checkout, and payments for merchants.

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S
09

Shopify Theme

A Shopify theme is the template that controls the design, layout, and user experience of a Shopify store, built with Shopify's Liquid language plus HTML, CSS, and JavaScript.

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T
10

TikTok Pixel

The TikTok pixel is a piece of code placed on a website that tracks visitor actions to measure conversions, optimize campaigns, and build audiences for TikTok advertising.

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T
11

Traffic Source

A traffic source is the channel or origin through which a visitor arrives at a website: such as organic search, paid ads, direct visits, referrals, social media, or email.

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W
12

Winning Product

A winning product is one with enough demand, margin, and advertising profitability that a store can scale it into a reliable, growing revenue stream.

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