System for Automated Trading of Informational Items and Having Integrated Ask-and-Post Features

• US 20110099081A1
• Filed: 01/06/2011
• Published: 04/28/2011
• Est. Priority Date: 03/30/2007
• Status: Abandoned Application

• Current Assignee: LeadPoint Incorporated
• Original Assignee: LeadPoint Incorporated
• Inventors: Kjensrud, Roger, Gerritsen, Corey, Forkalsrud, Knut, Pettersen, Per
• Application Number:
  US12/986,105
• Publication Number:
  US 20110099081A1
• Time in Patent Office: Days
• US Class Current: 705/26.3
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A hybrid system that supports automated trading of informational items between sellers of such items and buyers who bid on the items includes means for allowing bidders to subscribe to ask-and-post services. A buyer/bidder who subscribes to such services is given the opportunity to be presented with more detailed information about an informational item he or she has bid upon before being obligated to pay for the informational item. If a first asked bidder rejects the item after having been given the opportunity for a sneak peek (or if that first bidder times-out due to no response), then the opportunity is automatically presented to a next subscribing buyer/bidder listed on a dynamically generated list (e.g., a stochastic ordered list). In one class of embodiments, the informational items include lead information for making hot contact with a prospective consumer of predefined products and/or services.

Claims

1. A method of auctioning leads on goods or services, said method comprising:

storing bid profiles in a machine memory, each bid profile including specifications for desired leads and a bid, each bid profile associated with a corresponding lead buyer;

within a leads exchange server associated with the machine memory, classifying the bid profiles into auction bins according to their specifications;

receiving a lead from a lead seller, wherein the lead includes lead data identifying desired goods or services for a prospective customer and a geographic location of the prospective customer;

within the leads exchange server, comparing the lead data to the auction bins to identify an auction bin whose bid profile specifications are satisfied by the lead data;

within the leads exchange server, identifying a potentially-winning bid profile in the identified auction bin based at least upon an evaluation of the bids within the identified auction bin;

if the potentially winning bid profile includes a subscription for previewing lead data;

providing a subset of the lead data to a potential lead buyer corresponding to the potentially-winning bid profile while starting a response timer; and

delivering the lead to the potential lead buyer if the potential lead buyer responds by asking for delivery of the lead before expiration of a response period timed by the response timer.

2. The method of claim 1, wherein the evaluation of the bids within the identified auction bins is a deterministic evaluation.

3. The method of claim 1, wherein the evaluation of the bids within the identified auction bins is a stochastic evaluation.

4. The method of claim 1, further comprising:

monitoring, for each subscribing lead buyer, a frequency of leads the subscribing lead buyer rejects after previewing by not responding within the response period, wherein the identification of potentially-winning bid profiles is also based upon an evaluation of the lead rejection frequency for the corresponding lead buyers.

5. The method of claim 4, further comprising:

monitoring, for each subscribing lead buyer, a delay that expires before the subscribing lead buyer requests a previewed lead, wherein the identification of the potentially-winning bid profiles is also based upon an evaluation of the delay for the corresponding lead buyers.

6. The method of claim 1, further comprising delivering the lead to the potential lead buyer if the potential lead buyer does not have a subscription for previewing lead data.

7. The method of claim 4, further comprising:

monitoring, for each subscribing lead buyer, a frequency of leads that the lead buyer requests after previewing, wherein the identification of potentially-winning bid profiles is also based upon an evaluation of the lead request frequency for the corresponding lead buyers.

8. A method of auctioning leads on goods or services, said method comprising:

storing bid profiles in a machine memory, each bid profile including specifications for desired leads and a bid, each bid profile associated with a corresponding lead buyer;

within a leads exchange server associated with the machine memory, classifying the bid profiles into auction bins according to their specifications;

receiving a lead from a lead seller, wherein the lead includes lead data identifying desired goods or services for a prospective customer and a geographic location of the prospective customer;

within the leads exchange server, comparing the lead data to the auction bins to identify an auction bin whose bid profile specifications are satisfied by the lead data;

within the leads exchange server, identifying a set of potentially-winning bid profiles in the identified auction bin based at least upon an evaluation of the bids within the identified auction bin, wherein each profile in the set includes a subscription for previewing lead data;

within the leads exchange server, identifying a set of potential lead buyers corresponding to the set of potentially-winning bid profiles;

if a multi-award mode is active, providing a subset of the lead data to the set of potential lead buyers while starting a response timer; and

delivering the lead to each potential lead buyer that responds by asking for delivery of the lead before expiration of a response period timed by the response timer.

9. The method of claim 8, further comprising:

identifying a winning bid profile based at least upon the bid amounts if the multi-award mode is inactive and delivering the lead to the lead buyer corresponding to the winning bid profile.

10. The method of claim 8, further comprising:

monitoring, for each subscribing lead buyer, a frequency of leads the subscribing lead buyer rejects after previewing by not responding within the response period, wherein the identification of potentially-winning bid profiles is also based upon an evaluation of the lead rejection frequency for the corresponding lead buyers.

11. The method of claim 8, further comprising:

monitoring, for each subscribing lead buyer, a delay that expires before the subscribing lead buyer requests a previewed lead, wherein the identification of the potentially-winning bid profiles is also based upon an evaluation of the delay for the corresponding lead buyers.

12. The method of claim 8, further comprising:

monitoring, for each subscribing lead buyer, a frequency of leads that the lead buyer requests after previewing, wherein the identification of potentially-winning bid profiles is also based upon an evaluation of the lead request frequency for the corresponding lead buyers.

13. A system for the auctioning of leads in real time, comprising:

a memory for storing bid profiles, each bid profile including specifications for desired leads and a bid, each bid profile associated with a corresponding lead buyer; and

a leads exchange server associated with the memory, the leads exchange server being configured to;

classify the bid profiles into auction bins according to their specifications;

receive a lead from a lead seller, wherein the lead includes lead data identifying desired goods or services for a prospective customer and a geographic location of the prospective customer;

compare the lead data to the auction bins to identify an auction bin whose bid profile specifications are satisfied by the lead data;

identify a potentially-winning bid profile in the identified auction bin based at least upon an evaluation of the bids within the identified auction bin;

provide a subset of the lead data to a potential lead buyer corresponding to the potentially-winning bid profile if the potentially winning bid profile includes a subscription for previewing lead data while starting a response timer; and

deliver the lead to the potential lead buyer if the potential lead buyer responds by asking for delivery of the lead before expiration of a response period timed by the response timer.

14. The system of claim 13, wherein the leads exchange server is configured to evaluate the bids within the identified auction bins using a deterministic evaluation.

15. The system of claim 13, wherein the leads exchange server is configured to evaluate the bids within the identified auction bins using a stochastic evaluation.

16. The method of claim 13, wherein the leads exchange server is further configured to monitor, for each subscribing lead buyer, a frequency of leads the subscribing lead buyer rejects after previewing by not responding within the response period, and to also evaluate the bids within the identified bid profiles using an evaluation of the lead rejection frequency for the corresponding lead buyers.

17. The system of claim 16, wherein the leads exchange server is further configured to monitor, for each subscribing lead buyer, a delay that expires before the subscribing lead buyer requests a previewed lead, and to evaluate the bids within the identified bid profiles based also upon an evaluation of the delay for the corresponding lead buyers.

18. The system of claim 17, wherein the leads exchange server is further configured to deliver the lead to the potential lead buyer if the potential lead buyer does not have a subscription for previewing lead data.