TECHNIQUES FOR OPTIMIZING THE IMPACT OF VIDEO CONTENT ON ELECTRONIC COMMERCE SALES

• US 20140180799A1
• Filed: 12/26/2013
• Published: 06/26/2014
• Est. Priority Date: 12/26/2012
• Status: Abandoned Application

• Current Assignee: Webad Campaign Analytics LP
• Original Assignee: Invodo, Inc.
• Inventors: Keeler, James David, Wimberley, Lane Stafford
• Application Number:
  US14/140,804
• Publication Number:
  US 20140180799A1
• Time in Patent Office: Days
• US Class Current: 705/14.45
• CPC Class Codes: G06Q 30/0246 Traffic

Abstract

A technique for measuring a video profit for a product includes performing an A/B test for a product while monitoring for customer conversion. In this case, at least one of ‘A’ and ‘B’ correspond to video. A unique number of visitors to a product webpage that viewed a call-to-action for a video of the product is determined based on the test. A gain that accounts for customer bias is determined based on the test. A non-viewer conversion rate is determined based on the test. A video view rate is determined based on the test. A video conversion lift is determined based on the test. An abandonment factor is determined based on the test. Finally, an incremental video profit for the product is determined based on the unique number of visitors, the gain, the non-viewer conversion rate, the video view rate, the video conversion lift, and the abandonment factor.

Claims

1. A method of measuring a video profit for a product, comprising:

performing, using a data processing system, an A/B test for a product while monitoring for customer conversion, wherein at least one of ‘

A’ and

‘

B’

correspond to video;

determining, using the data processing system, a unique number of visitors to a product webpage that viewed a call-to-action for a video of the product based on the test;

determining, using the data processing system, a gain that accounts for customer bias based on the test;

determining, using the data processing system, a non-viewer conversion rate based on the test;

determining, using the data processing system, a video view rate based on the test;

determining, using the data processing system, a video conversion lift based on the test;

determining, using the data processing system, an abandonment factor based on the test; and

determining, using the data processing system, an incremental video profit for the product based on the unique number of visitors, the gain, the non-viewer conversion rate, the video view rate, the video conversion lift, and the abandonment factor.

2. The method of claim 1, further comprising:

determining a profit margin for the product, wherein the determining, using the data processing system, an incremental video profit further comprises determining the incremental video profit based on the profit margin.

3. The method of claim 2, wherein the incremental video profit P_I for the product is given by:

P_I=MIγ

C_NrLα

_VB

where ‘

M’

is the profit margin for the product, impressions ‘

I’

is the unique number of visitors that viewed a call-to-action for a video of the product, γ

is the gain, C_N is the non-viewer conversion rate, ‘

r’

is the video view rate, ‘

L’

is the video conversion lift, and α

_VB is the abandonment factor for a viewer branch.

4. The method of claim 1, wherein the conversion corresponds to a customer performing one of an add-to-cart (ATC), checkout, or signing up for a trial or other product-related interaction.

5. The method of claim 1, wherein the A/B test is a video/no-video test that compares an effectiveness of video to no-video.

6. The method of claim 1, wherein the A/B test is a video/video test that compares an effectiveness of a first video to a second video.

7. The method of claim 1, wherein the gain is for a category of products.

8. A data processing system, comprising:

an experiment management engine configure to track conversion results; and

a recommendation/optimization engine coupled to the experiment management engine, wherein the recommendation/optimization engine is configured to measure a video profit of a product by;

performing an A/B test for the product while monitoring for customer conversion, wherein at least one of ‘

A’ and

‘

B’

correspond to video;

determining a unique number of visitors to a product webpage that viewed a call-to-action for a video of the product based on the test;

determining a gain that accounts for customer bias based on the test;

determining a non-viewer conversion rate based on the test;

determining a video view rate based on the test;

determining a video conversion lift based on the test;

determining an abandonment factor based on the test; and

determining an incremental video profit for the product based on the unique number of visitors, the gain, the non-viewer conversion rate, the video view rate, the video conversion lift, and the abandonment factor.

9. The data processing system of claim 8, wherein the recommendation/optimization engine is further configured to measure a video profit of a product by:

determining a profit margin for the product, wherein the determining, using the data processing system, an incremental video profit further comprises determining the incremental video profit based on the profit margin.

10. The data processing system of claim 9, wherein the incremental video profit P_I for the product is given by:

P_I=MIγ

C_NrLα

_VB

where ‘

M’

is the profit margin for the product, impressions ‘

I’

is the unique number of visitors that viewed a call-to-action for a video of the product, γ

is the gain, C_N is the non-viewer conversion rate, ‘

r’

is the video view rate, ‘

L’

is the video conversion lift, and α

_VB is the abandonment factor for a viewer branch.

11. The data processing system of claim 8, wherein the conversion corresponds to a customer performing one of an add-to-cart (ATC), checkout, or signing up for a trial or other product-related interaction.

12. The data processing system of claim 8, wherein the A/B test is a video/no-video test that compares an effectiveness of video to no-video.

13. The data processing system of claim 8, wherein the A/B test is a video/video test that compares an effectiveness of a first video to a second video.

14. The data processing system of claim 8, wherein the gain is for a category of products.

15. A method of measuring a video profit for a product, comprising:

performing, using a data processing system, an A/B test for a product while monitoring for customer conversion, wherein at least one of ‘

A’ and

‘

B’

correspond to video;

determining, using the data processing system, a unique number of visitors to a product webpage that viewed a call-to-action for a video of the product based on the test;

determining, using the data processing system, a non-viewer conversion rate based on the test;

determining, using the data processing system, a view rate based on the test;

determining, using the data processing system, a video conversion lift based on the test;

determining, using the data processing system, an abandonment factor based on the test; and

determining, using the data processing system, a forecasted video profit for the product based on the unique number of visitors, the non-viewer conversion rate, the video view rate, the video conversion lift, and the abandonment factor.

16. The method of claim 15, further comprising:

determining a profit margin for the product, wherein the determining, using the data processing system, a forecasted video profit further comprises determining the forecasted video profit based on the profit margin.

17. The method of claim 16, wherein the forecasted video profit P_F for the product is given by:

P_F=MIC_NrLα

where ‘

M’

is the profit margin for the product, impressions ‘

I’

is the unique number of visitors that viewed a call-to-action for a video of the product, C_N is the non-viewer conversion rate, ‘

r’

is the video view rate, ‘

L’

is the video conversion lift, and α

is the abandonment factor.

18. The method of claim 15, wherein the conversion corresponds to a customer performing one of an add-to-cart (ATC), checkout, or signing up for a trial or other product-related interaction.

19. The method of claim 15, wherein the A/B test is a video/no-video test that compares an effectiveness of video to no-video.

20. The method of claim 15, wherein the A/B test is a video/video test that compares an effectiveness of a first video to a second video.