Once you have grasped what the terms mean you need to be able to put the skills behind the terms to work for you. It's not enough to know what PPC or SEO mean, you have to be able to implement those tactics in your online business to make any money (hint, they are both ways of getting more targeted traffic to your website).
Another thing to consider is the type of online business you are building. Whether you choose to become an affiliate and sell someone else's product for a commission, or you decide to create your own product the number one skill you will need to perfect is the ability to drive a constant stream of highly qualified visitors to your website. Without a stream of serious buyers for your product or service, you won't make money, period.
Here is a brief overview of some of the most commonly used online marketing terms:
1. Article marketing: writing an article about your product or service and using carefully chosen keywords in the article two or three times. These articles can be submitted for free to article directories and once someone reads your article they can click on a link that will take them to your offer.
2. Email marketing: building a list of opt in email subscribers who sign up to your list with the expectation of getting something in return. For example, many people will offer to provide some help or knowledge to anyone who subscribes to their list. This enables the list owner, you, to build trust and rapport with the subscribers. You can automate the process by using an auto-responder which can easily be programmed to send the messages out at a pre determined time frame.
3. Pay Per Click (PPC): this is another method to get traffic to your website. You can place an ad with any of the major search engines and when someone clicks on the ad you will pay a price. This isn't a good method for those just starting out because it is hard to learn and it costs a lot of money. Bottom line, you will spend way more than you make in the beginning.
4. Search Engine Optimization: using keywords on your website as a way to get the search engines to 'see' your site. This too can help you get a higher ranking in the search engines which can provide you with a lot of free traffic.
There are hundreds of other internet marketing terms you may hear online, but this is a good overview of some of the most common, and most important, terms you will need to learn to start and grow your online business.