DooKey
[H]F Junkie
- Joined
- Apr 25, 2001
- Messages
- 12,912
Amazon was awarded an interesting patent in October that could end up giving customers a discount for watching video reviews, ads, and other interactive content on their site. Once it goes live you just go look at an ad for something and as the video is playing the cost of the item starts to drop. This is really a great idea and I bet it drives even more business, if that's possible, to the e-commerce giant.
With this patent, Amazon has signaled that it is taking on YouTube, Facebook, Instagram, Snap, and other media platforms for digital ad spend. And customers will now also know the value of their time. And potentially whether their time gets more or less valuable depending on their purchasing behavior. One person’s time is inevitably more valuable than another’s, so with dynamic pricing, it’s not hard to imagine a personalized price based on a customer’s attention span and spending behavior.
With this patent, Amazon has signaled that it is taking on YouTube, Facebook, Instagram, Snap, and other media platforms for digital ad spend. And customers will now also know the value of their time. And potentially whether their time gets more or less valuable depending on their purchasing behavior. One person’s time is inevitably more valuable than another’s, so with dynamic pricing, it’s not hard to imagine a personalized price based on a customer’s attention span and spending behavior.