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HeteroSales: Utilizing Heterogeneous Social Networks to Identify the Next Enterprise Customer

Published: 11 April 2016 Publication History

Abstract

Nowadays, a modern e-commerce company may have both online sales and offline sales departments. Normally, online sales attempt to sell in small quantities to individual customers through broadcasting a large amount of emails or promotion codes, which heavily rely on the designed backend algorithms. Offline sales, on the other hand, try to sell in much larger quantities to enterprise customers through contacts initiated by sales representatives, which are more costly compared to online sales. Unlike many previous research works focusing on machine learning algorithms to support online sales, this paper introduces an approach that utilizes heterogenous social networks to improve the effectiveness of offline sales. More specifically, we propose a two-phase framework, HeteroSales, which first constructs a company-to-company graph, a.k.a. Company Homophily Graph (CHG), from semantics based meta-path learning, and then adopts label propagation on the graph to predict promising companies that we may successfully close an offline deal with. Based on the statistical analysis on the world's largest professional social network, LinkedIn, we demonstrate interesting discoveries showing that not all the social connections in a heterogeneous social network are useful in this task. In other words, some proper data preprocessing is essential to ensure the effectiveness of offline sales. Finally, through the experiments on LinkedIn social network data and third-party offline sales records, we demonstrate the power of HereroSales to identify potential enterprise customers in offline sales.

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Published In

cover image ACM Other conferences
WWW '16: Proceedings of the 25th International Conference on World Wide Web
April 2016
1482 pages
ISBN:9781450341431

Sponsors

  • IW3C2: International World Wide Web Conference Committee

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International World Wide Web Conferences Steering Committee

Republic and Canton of Geneva, Switzerland

Publication History

Published: 11 April 2016

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Author Tags

  1. heterogeneous social networks
  2. label propagation
  3. maximum likelihood estimation
  4. meta-path learning
  5. offline sales

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  • Research-article

Funding Sources

  • LinkedIn Corporation
  • National Science Foundation
  • Google Research Award

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WWW '16
Sponsor:
  • IW3C2
WWW '16: 25th International World Wide Web Conference
April 11 - 15, 2016
Qu�bec, Montr�al, Canada

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WWW '16 Paper Acceptance Rate 115 of 727 submissions, 16%;
Overall Acceptance Rate 1,899 of 8,196 submissions, 23%

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  • (2024)Profit-driven fusion framework based on bagging and boosting classifiers for potential purchaser predictionJournal of Retailing and Consumer Services10.1016/j.jretconser.2024.10385479(103854)Online publication date: Jul-2024
  • (2021)HM-Modularity: A Harmonic Motif Modularity Approach for Multi-Layer Network Community DetectionIEEE Transactions on Knowledge and Data Engineering10.1109/TKDE.2019.295653233:6(2520-2533)Online publication date: 1-Jun-2021
  • (2019)Unified Collaborative Filtering over Graph EmbeddingsProceedings of the 42nd International ACM SIGIR Conference on Research and Development in Information Retrieval10.1145/3331184.3331224(155-164)Online publication date: 18-Jul-2019
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  • (2018)Broad Learning:ACM SIGKDD Explorations Newsletter10.1145/3229329.322933320:1(24-50)Online publication date: 29-May-2018
  • (2018)Advanced Analytics of Large Connected Data Based on Similarity ModelingSimilarity Search and Applications10.1007/978-3-030-02224-2_16(209-216)Online publication date: 4-Oct-2018
  • (2017)BL-ECDProceedings of the 2017 ACM on Conference on Information and Knowledge Management10.1145/3132847.3133026(859-868)Online publication date: 6-Nov-2017
  • (2017)Graph Embedding Based Recommendation Techniques on the Knowledge GraphAdjunct Publication of the 25th Conference on User Modeling, Adaptation and Personalization10.1145/3099023.3099096(354-359)Online publication date: 9-Jul-2017
  • (2017)Survey of Current DevelopmentsHeterogeneous Information Network Analysis and Applications10.1007/978-3-319-56212-4_2(13-30)Online publication date: 26-May-2017

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