Inventors:
Niel Robertson - Boulder CO, US
Chris Burton - Boulder CO, US
Tom Guzik - Boulder CO, US
Jeff Osborn - Boulder CO, US
Michael Lawless - Boulder CO, US
Bill Quinn - Boulder CO, US
Seth Levine - Boulder CO, US
Matt Hessler - Boulder CO, US
David Mitchell - Boulder CO, US
International Classification:
G06Q 30/00
Abstract:
Systems and methods for creating, managing and optimizing online advertising campaigns include groups of independent human resources working through a marketplace to suggest and optimize appropriate choices for how, where and how much to pay for online advertising. Optimization is achieved through the use of market-based incentives that pay participants based on the quality, quantity and efficiency of the results of their suggestions. The systems and methods enable a marketplace that leverages the inherent knowledge of a large group of people to come up with all search terms, placements, targeting and advertisements that might be relevant to a product, and determine the optimal auction prices for these search terms, placements, targeting and ads on the search engine systems.