Invention Grant
- Patent Title: Systems and methods for optimization of capital allocation for advertising campaigns in online-based commerce
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Application No.: US16249465Application Date: 2019-01-16
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Publication No.: US10970742B1Publication Date: 2021-04-06
- Inventor: Daniel Knijnik , Anibal Knijnik , Eduardo Knijnik
- Applicant: Daniel Knijnik , Anibal Knijnik , Eduardo Knijnik
- Applicant Address: US CT Old Greenwich; BR Porto Alegre; US CT Riverside
- Assignee: Daniel Knijnik,Anibal Knijnik,Eduardo Knijnik
- Current Assignee: Daniel Knijnik,Anibal Knijnik,Eduardo Knijnik
- Current Assignee Address: US CT Old Greenwich; BR Porto Alegre; US CT Riverside
- Agency: Pryor Cashman LLP
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06N20/00

Abstract:
A method and associated system of producing an advertising campaign of a product for an online marketplace seller including, under control of one or more processors configured with executable instructions, generating a single keyword advertising campaign of the product; collecting data on the single keyword; executing a machine learning component of an adaptive machine learning platform to generate a machine learning component output based at least in part on the data on the single keyword; generating a behavioral curve or table relating to an advertisement bid value and a cost per click value based at least in part on the machine learning component output; generating sales goal(s) of the product for the online marketplace seller on the online marketplace; generating an optimized advertisement bid value based at least in part on the sales goal(s) and the behavioral curve or table; and generating an optimized advertising campaign therefrom.
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