Dynamic bidding and expected value
View Patent ↗In embodiments of the present invention improved capabilities are described for receiving data associated with a mobile content, calculating an expected value of the mobile content based at least in part on the data received, and determining a bid amount for a sponsorship of the mobile content based at least in part on the expected value.
1. An automated bid management system for dynamically managing bids for presentation of mobile content on a mobile communication facility operated by a user paying for use of the mobile communication facility with a wireless communications provider, wherein the mobile communication facility consists of a mobile phone, a cellular phone, or satellite phone, the system comprising a computer having a computer readable medium having stored thereon instructions which, when executed by a processor of the computer, causes the processor to perform the steps of:
receiving first data representative of the type of a mobile content of a sponsor for presentation on the mobile communication facility, wherein the first data is derived from contextual data associated with the mobile content;
receiving second data representative of a content viewing history of the user of the mobile communication facility;
receiving third data representative of purchase prices paid by the user for a plurality of previously purchased mobile content, wherein the purchase prices are invoiced by the wireless communications provider to the user;
calculating an expected value for use in determining a bid amount to sponsor the mobile content, wherein calculation of the expected value is based at least on the first, second, and third data received and the second data received, wherein the expected value is an expected advertiser revenue or an expected conversion yield; and
dynamically altering the bid amount to reflect a change in the expected value, wherein determination that the expected value is to change is based on the probability that the user will view, interact with, or execute a transaction associated with the mobile content, wherein the probability that the user will view, interact with, or execute a transaction associated with the mobile content is based on one or more of:
a hardware or software characteristic of the mobile communication facility;
a demographic characteristic of the user of the mobile communication facility provided by the user at the time of subscribing with the wireless communications provider; and
a current location of the mobile communication facility.
2. The system of claim 1 , wherein the hardware and software characteristic is processing speed and display resolution.
3. The system of claim 2 , wherein the hardware and software characteristic is further at least one of audio capability, video capability, cache size, storage capability, and memory capacity.
4. The system of claim 1 , wherein the demographic characteristic is selected from the list consisting of:
(a) age or birthdate of the user,
(b) gender of the user,
(c) race of the user,
(d) religion of the user,
(e) marital status of the user,
(f) area code of the phone number assigned to the mobile communication facility,
(g) zip code of the user,
(h) home address of the user,
(i) work address of the user,
(j) billing address of the user,
(k) type of credit card the user uses to pay the mobile communications provider,
(l) birthplace of the user,
(m) employer of the user,
(n) employment position of the user,
(o) income bracket of the user; and
(p) type of mobile communication facility.