Assigning customer lifetime value credit based on engagement
AssigneeeBay Inc.
InventorMaunish Shah
Life of this patent
Estimating the term…
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AssigneeeBay Inc.
InventorMaunish Shah
Estimating the term…
Disclosed are systems, methods, and non-transitory computer-readable media for assigning a Customer Lifetime Value (CLV) credit to an affiliate based engagement. Affiliate marketers are assigned a monetary CLV credit for new customers driven to an online retailer website by the affiliate. A CLV credit is a monetary award calculated based on a determined CLV for the new customer. The CLV represents an expected net profit to the online retailer that is attributed to the future relationship with the new customer. To ensure that the customer drives the expected net profit, the CLV credit is assigned to the affiliate marketer based on the measured engagement of the new customer. For example, the affiliate marketer is initially assigned only a portion of the CLV credit and then assigned additional portions when the new customer's engagement meets predetermined milestones, such as the new customer making at least one purchase per quarter.
A method comprising:
A system comprising:
A non-transitory computer-readable medium storing instructions that, when executed by one or more computer processors of an online retailer system, cause the online retailer system to perform operations comprising:
Dependencies are inferred from the claim text.