Systems and Methods for Optimizing Marketing Investments
Systems and methods for optimizing marketing investments are provided. The system includes a computer system in electronic communication with a business over a first communications link, means for electronically receiving marketing expenditure information from the business using the first communications link. The system executes an optimization algorithm which processes the marketing expenditure information and estimates at least one optimized future marketing expenditure for the business based upon the marketing expenditure information. the system electronically transmits the at least one optimized future marketing expenditure to a user using a second communications link, for subsequent display of the at least one optimized future marketing expenditure to the user.
1 . A system for optimizing marketing expenditures, comprising:
a computer system in electronic communication with a business over a first communications link;
means for electronically receiving marketing expenditure information from the business using the first communications link;
an optimization algorithm executed by the computer system, said optimization algorithm processing the marketing expenditure information and estimating at least one optimized future marketing expenditure for the business based upon the marketing expenditure information; and
means for electronically transmitting the at least one optimized future marketing expenditure to a user using a second communications link, for subsequent display of the at least one optimized future marketing expenditure to the user.
2 . The system of claim 1 , wherein the marketing expenditure information comprises existing marketing expenditure information corresponding to at least one marketing channel utilized by the business.
3 . The system of claim 2 , wherein the marketing expenditure information comprises existing marketing expenditure information corresponding to a plurality of marketing channels utilized by the business.
4 . The system of claim 1 , further comprising means for calculating a halo effect associated with an existing marketing channel of the business.
5 . The system of claim 4 , wherein the optimization algorithm processes the calculated halo effect.
6 . The system of claim 1 , further comprising means for reassigning marketing channel expenditures associated with the business.
7 . The system of claim 6 , wherein the optimization engine processes reassigned marketing channel expenditures.
8 . The system of claim 6 , wherein the means for reassigning marketing channel expenditures learns relationships between marketing expenditures across a plurality of marketing channels associated with the business.
9 . The system of claim 1 , wherein the computer system is in communication with at least one management information system associated with the business and electronically obtains the marketing information from the at least one management information system associated with the business.
10 . The system of claim 1 , further comprising means for displaying the at least one optimized future marketing expenditure on a local computing device operated by the user.
11 . The system of claim 1 , wherein the optimization algorithm estimates the at least one optimized future marketing expenditure within at least one global constraint.
12 . A method for optimizing marketing expenditures, comprising the steps of:
electronically receiving at a computer system marketing expenditure information from a business;
processing the marketing expenditure information at the computer system using an optimization algorithm to estimate at least one optimized future marketing expenditure for the business based upon the marketing expenditure information; and
electronically transmitting the at least one optimized future marketing expenditure to a user for subsequent display of the at least one optimized future marketing expenditure to the user.
13 . The method of claim 12 , wherein the marketing expenditure information comprises existing marketing expenditure information corresponding to at least one marketing channel utilized by the business.
14 . The method of claim 12 , wherein the marketing information comprises existing marketing expenditure information corresponding to a plurality of marketing channels utilized by the business.
15 . The method of claim 12 , further comprising calculating a halo effect associated with an existing marketing channel of the business.
16 . The method of claim 15 , further comprising processing the calculated halo effect using the optimization algorithm.
17 . The method of claim 12 , further comprising reassigning marketing channel expenditures associated with the business.
18 . The method of claim 17 , further comprising processing the reassigned marketing channel expenditures using the optimization algorithm.
19 . The method of claim 17 , further comprising electronically learning relationships between marketing expenditures across a plurality of marketing channels associated with the business.
20 . The method of claim 12 , further comprising electronically obtaining at the computer system the marketing information from the at least one management information system associated with the business.
21 . The method of claim 12 , further comprising displaying the at least one optimized future marketing expenditure on a local computing device operated by the user.
22 . The method of claim 12 , further comprising estimating the at least one optimized future marketing expenditure within at least one global constraint.
23 . A computer-readable medium having computer-readable instructions stored thereon which, when executed by a computer system, cause the computer system to perform the steps of:
electronically receiving at the computer system marketing expenditure information from a business;
processing the marketing expenditure information at the computer system using an optimization algorithm to estimate at least one optimized future marketing expenditure for the business based upon the marketing expenditure information; and
electronically transmitting the at least one optimized future marketing expenditure to a user for subsequent display of the at least one optimized future marketing expenditure to the user.
24 . The computer-readable medium of claim 23 , wherein the marketing expenditure information comprises existing marketing expenditure information corresponding to at least one marketing channel utilized by the business.
25 . The computer-readable medium of claim 23 , wherein the marketing information comprises existing marketing expenditure information corresponding to a plurality of marketing channels utilized by the business.
26 . The computer-readable medium of claim 23 , further comprising calculating a halo effect associated with an existing marketing channel of the business.
27 . The computer-readable medium of claim 26 , further comprising processing the calculated halo effect using the optimization algorithm.
28 . The computer-readable medium of claim 23 , further comprising reassigning marketing channel expenditures associated with the business.
29 . The computer-readable medium of claim 28 , further comprising processing the reassigned marketing channel expenditures using the optimization algorithm.
30 . The computer-readable medium of claim 28 , further comprising electronically learning relationships between marketing expenditures across a plurality of marketing channels associated with the business.
31 . The computer-readable medium of claim 23 , further comprising electronically obtaining at the computer system the marketing information from the at least one management information system associated with the business.
32 . The computer-readable medium of claim 23 , further comprising displaying the at least one optimized future marketing expenditure on a local computing device operated by the user.
33 . The computer-readable medium of claim 23 , further comprising estimating the at least one optimized future expenditure within at least one global constraint.