System and method for dynamic price setting and facilitation of commercial transactions

• US 20030093414A1
• Filed: 11/14/2001
• Published: 05/15/2003
• Est. Priority Date: 11/14/2000
• Status: Abandoned Application

• Current Assignee: Rebel Rice, Steve Litzow, William Addington
• Original Assignee: Rebel Rice, Steve Litzow, William Addington
• Inventors: Litzow, Steve, Rice, Rebel, Addington, William
• Application Number:
  US10/000,699
• Publication Number:
  US 20030093414A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

The present invention provides methods and systems for defining commercial transaction components; defining rules for mapping customer transactions into individual components; market segmentation in light of these individual definitions and bundling individual components of an offer into optimized packages for presentation and sale. A data processing system in accordance with one embodiment of the present invention, examines the commercial behavior of enrolled customers, breaks each of the constituent transactions into purchases of atom-level components; catalogues those components; extracts demographic information from said transactions and other sources; facilitates demographic studies of groups of such customers; optimizes offerings to such groups; and facilitates the consummation of those offers of sale. The processing system may also facilitate customers fiscal management through the communication of data necessary to practice the instant invention.

Claims

1. In conjunction with a first database server for comparing offers by vendors, a system comprising

a second database server comprising information relating to a plurality of enrolled members;

an information bus in communicative connection to the first database server;

a processor in communication with the first database server and the information bus; and

an input means for storing information in association with the offers in the first database server indicative of presenting the offers to customers on the second database server.

2. The system of claim 1 wherein the processor will retrieve customer information from the second database server according to the stored information indicative of presenting the offers.

3. The system of claim 2 wherein the processor will:

retrieve customer information from the second database server;

transmit an inquiry to the customer according to the retrieved information, requesting the customer'"'"'s reaction to the presented offer.

4. The system of claim 3 wherein the input means will associate the customer'"'"'s reaction with the offer on the first database server.

5. The system of claim 4 wherein the processor will develop a score for the offer based upon the customer'"'"'s reaction and store the score in association with the offer.

6. The system of claim 5 wherein the score is further based upon a number of customers that had accepted the offer.

7. The system of claim 3 wherein the processor selects customers for inquiry according to information indicating a customer'"'"'s acceptance of the presented offer.

8. The system of claim 7 wherein the processor further selects the customers for inquiry based upon a customer'"'"'s complaint to a customer service center.

9. The system of claim 8 wherein the processor will send further inquiries to the customer periodically until the customer'"'"'s complaint is resolved or abandoned.

10. The system of claim 9 wherein the processor will develop a score for the offer based upon the customer'"'"'s reaction and store the score in association with the offer.

11. The system of claim 10 wherein the score is further based upon a number of customers that had accepted the offer.

12. The system of claim 3 wherein the processor selects customers for inquiry according to information indicating a customer'"'"'s rejection of the presented offer.

13. The system of claim 12 wherein the processor will develop a score for the offer based upon the customer'"'"'s reaction and store the score in association with the offer.

14. The system of claim 13 wherein the score is further based upon a number of customers that had accepted the offer.

15. The system of claim 3 wherein the processor selects customers for inquiry at random.