Method and system of using an electronic network to provide options to purchase goods or services through a retailer

• US 20020046113A1
• Filed: 08/02/2001
• Published: 04/18/2002
• Est. Priority Date: 08/04/2000
• Status: Abandoned Application

• Current Assignee: Daniel J. Pisano Jr, Robert B. Trumbull
• Original Assignee: Daniel J. Pisano Jr, Robert B. Trumbull
• Inventors: Pisano, Daniel J. Jr., Trumbull, Robert B.
• Application Number:
  US09/921,117
• Publication Number:
  US 20020046113A1
• Time in Patent Office: Days
• US Class Current: 705/14
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0222 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/0236 Incentive or reward received by requiring registration or ID from user

Abstract

A system that provides consumers with a shopping incentive that includes an option to purchase a good/service at a fixed price. The system interacts with a consumer using a consumer terminal and a store via the Internet or World Wide Web. The system presents a web page to the consumer terminal containing the options. Consumer selections of options and preferred store purchase are sent to such store with the consumer'"'"'s identity. The store sends the system the details of purchase transactions using the selected options including then prevailing prices. This information may be used to determine a reimbursement for the store. A correlation is developed between a plurality of options offered and actual transactions using options selected. The correlation is used to determine options to be offered in the future.

Claims

1. A method of providing a consumer with a shopping incentive comprising:

(a) determining a plurality of fixed price options to purchase goods/services offered by a plurality of stores;

(b) presenting a web page to a terminal used by said consumer wherein the web page contains one or more of said plurality of options;

(c) establishing an identity of said consumer; and

(d) presenting said selected option and said consumer identity to said selected store in response to said consumer selecting, via said terminal, one of said plurality of options and one of said plurality of stores.

2. The method of claim 1, further comprising (e) adjusting the fixed price of one of said plurality of options if requested by one of said plurality of stores that offers said one option whose price is being adjusted.

3. The method of claim 1, wherein step (a) determines the fixed prices of said plurality of options from inventory data of said plurality of stores and other data deemed relevant by said plurality of stores.

4. The method of claim 3, wherein said other data includes information concerning previously selected options of said consumer.

5. The method of claim 4, wherein said other data includes stores where said consumer has previously purchased goods/services.

6. The method of claim 3, wherein said other data includes marketing goals of said plurality of stores.

7. The method of claim 1, further comprising (f) determining a reimbursement to said selected store in response to receipt from said selected store of information identifying an exercise of said selected option by said consumer including the option price and a then prevailing price.

8. The method of claim 1, wherein at least one of said plurality of options is offered by a supplier of said goods/services.

9. The method of claim 8, wherein said supplier is a manufacturer of one of said goods/services.

10. The method of claim 1, further comprising (g) establishing a correlation between said plurality of options and one or more purchase transactions that use said plurality of options, and wherein step (a) determines additional options based on said correlation.

11. A system that provides a consumer with a shopping incentive, said system comprising:

an application server that presents web pages to a consumer via the Internet;

wherein said application server includes a program that performs the steps of;

(a) determining a plurality of fixed price options to purchase goods/services offered by a plurality of stores;

(b) presenting a web page to a terminal used by said consumer, wherein the web page contains one or more of said plurality of options;

(c) establishing an identity of said consumer; and

(d) presenting said selected option and said consumer identity to said selected store in response to said consumer selecting, via said terminal, one of said plurality of options and one of said plurality of stores.

12. The system of claim 12, wherein said program further comprises the step of (e) determining a reimbursement to said selected store in response to receipt from said selected store of information identifying an exercise of said selected option by said consumer including the option price and a then prevailing price.

13. The system of claim 11, wherein said program further comprises the step of (f) establishing a correlation between said plurality of options and purchase transactions that use said plurality of options, and wherein step (a) determines additional options based on said correlation.

14. The system of claim 11, wherein step (a) determines the fixed prices of said plurality of options from inventory data of said plurality of stores and other data deemed relevant by said plurality of stores.

15. The system of claim 14, wherein said other data includes information concerning previously selected options of said consumer.

16. The system of claim 15, wherein said other data includes stores where said consumer has previously purchased goods/services.

17. The system of claim 14, wherein said other data includes marketing goals of said plurality of stores.

18. The system of claim 11, wherein at least one of said plurality of options is offered by a supplier of said goods/services.

19. The system of claim 18, wherein said supplier is a manufacturer of one of said goods/services.

20. A computer readable medium that includes executable instructions for performing the steps that comprise:

(a) determining a plurality of fixed price options to purchase goods/services offered by a plurality of stores;

(b) presenting a web page to a terminal used by said consumer wherein the web page contains one or more of said plurality of options;

(c) establishing an identity of said consumer; and

(d) presenting said selected option and said consumer identity to said selected store in response to said consumer selecting, via said terminal, one of said plurality of options and one of said plurality of stores.