Systems and Methods for Estimating Sales and Marketing Parameters for a Product
First Claim
1. A method in an electronic device of estimating sales of a product, the method comprising:
- identifying a total available market (TAM) for the product over a specified time period, the product having at least one component-related feature;
for each of the at least one component-related feature of the product;
comparing the component-related feature of the product to the component-related feature of at least one competing product, anddetermining a weight for the component-related feature of the product based on the comparing;
calculating, by a processor, an overall product factor based on the weight for each of the at least one component-related feature of the product; and
applying the overall product factor to the TAM to determine a share of available market (SAM) for the product over the specified time period.
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Accused Products
Abstract
Systems and methods are provided for determining sales estimates and budget parameters associated with a release of a product. According to certain aspects, an electronic device identifies (505) a total available market (TAM) for a product over specified time periods. The electronic device selects (515) various component-related features of the product and compares (520) the features to those of competing products and, based on the comparison, calculates (540) an overall product factor for the product. In aspects, the electronic device compares the overall product factor to the TAM to calculate (545) a share of available market (SAM) for the product over the time periods. In embodiments, the processing module can determine budget parameters associated with a release of the product based on a target SAM for the product over the time periods.
8 Citations
20 Claims
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1. A method in an electronic device of estimating sales of a product, the method comprising:
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identifying a total available market (TAM) for the product over a specified time period, the product having at least one component-related feature; for each of the at least one component-related feature of the product; comparing the component-related feature of the product to the component-related feature of at least one competing product, and determining a weight for the component-related feature of the product based on the comparing; calculating, by a processor, an overall product factor based on the weight for each of the at least one component-related feature of the product; and applying the overall product factor to the TAM to determine a share of available market (SAM) for the product over the specified time period. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method in an electronic device of estimating budget parameters associated with a product, the method comprising:
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identifying a target share of available market (SAM) for the product over a specified time period, the product having at least one component-related feature; for each of the at least one component-related feature of the product; comparing the component-related feature of the product to the component-related feature of at least one competing product, and determining a weight for the component-related feature of the product based on the comparing; calculating, by a processor, an overall product factor based on the weight for each of the at least one component-related feature of the product; and determining, based on the overall product factor, a budget associated with the target SAM for the product over the specified time period. - View Dependent Claims (10, 11, 12, 13)
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14. A processing device for estimating sales of a product, the processing device comprising:
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at least one processor; and a memory device which stores a plurality of instructions, which when executed by the at least one processor cause the at least one processor to perform operations including; identifying a total available market (TAM) for the product over a specified time period, the product having at least one component-related feature, for each of the at least one component-related feature of the product; comparing the component-related feature of the product to the component-related feature of at least one competing product, and determining a weight for the component-related feature of the product based on the comparing, calculating an overall product factor based on the weight for each of the at least one component-related feature of the product, and applying the overall product factor to the TAM to determine a share of available market (SAM) for the product over the specified time period. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification