Invention Grant
- Patent Title: Method, apparatus, and computer program product for setting a benchmark conversion rate
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Application No.: US16270685Application Date: 2019-02-08
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Publication No.: US10817887B2Publication Date: 2020-10-27
- Inventor: Shafiq Shariff , Derek Nordquist
- Applicant: Groupon, Inc.
- Applicant Address: US IL Chicago
- Assignee: Groupon, Inc.
- Current Assignee: Groupon, Inc.
- Current Assignee Address: US IL Chicago
- Agency: Alston & Bird LLP
- Main IPC: G06Q30/02
- IPC: G06Q30/02

Abstract:
Provided herein are systems, methods and computer readable media for setting a benchmark conversion rate. An example method comprises accessing user search data, the user search data generated by a user interacting with a promotion and marketing service to identify a requested promotion, generating an identification pair for the search data, the identification pair comprising an identification of a promotion tuple and a geographic subdivision, generating a search velocity based on the generated identification pairs, accessing a conversion rate for the promotion tuple in a plurality of geographic subdivisions and setting a benchmark rate for a promotion tuple, the benchmark rate corresponding to the conversion rate of a subdivision of the plurality of subdivisions based on the subdivision satisfying at least one of a search velocity threshold, a prime merchant metric threshold or a conversion rate threshold.
Public/Granted literature
- US20190272551A1 METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR SETTING A BENCHMARK CONVERSION RATE Public/Granted day:2019-09-05
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