Agent controlled commission system

• US 20040010452A1
• Filed: 07/15/2002
• Published: 01/15/2004
• Est. Priority Date: 07/15/2002
• Status: Abandoned Application

• Current Assignee: Jude Lacour
• Original Assignee: Jude Lacour
• Inventors: LaCour, Jude
• Application Number:
  US10/196,516
• Publication Number:
  US 20040010452A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0635 Processing of requisition or of purchase orders

Abstract

The present invention comprises a system in which agents establish their own prices for goods and services and a principal pays commissions automatically based on the agent-established prices. The system is preferably implemented over the Internet, in which the principal operates a server for the purpose of evaluating purchases, determining commissions, and processing orders. One or more agents sell goods and services via tailored Internet sites, and can each adjust their prices independently. At various times, the principal pays the applicable commissions, determining the commissions for each agent based upon their separately-established pricing.

Claims

1. A system for determining commissions earned by an agent, the system comprising:

a server configured for communication over a network; and

a memory associated with the server, the memory containing a relationship between purchase prices and commissions earned for a sale of one or more goods or services;

the memory further containing stored programming instructions that, when executed by the server, cause the server to determine the commissions earned by the agent.

2. The system of claim 1, further comprising a plurality of agents and wherein the stored programming instructions, when executed by the server, cause the server to determine the commissions earned by each of the plurality of agents.

3. The system of claim 2, wherein the plurality of agents are able to adjust the prices for the goods or services, and further wherein the stored programming instructions, when executed by the server, cause the server to determine the commissions earned by each of the plurality of agents as a function of the adjusted prices and the stored relationship.

4. The system of claim 3, wherein the memory contains prices at which each of the agents is offering for sale the goods or services.

5. The system of claim 4, wherein relationship between purchase prices and commissions earned is based upon a minimum purchase price.

6. The system of claim 5, wherein the memory further comprises stored programming instructions that, when executed by the server, cause the server to determine whether an agent-requested purchase price is above the minimum purchase price, and, if so, to store the agent-requested purchase price in the memory.

7. A method for processing orders by a principal for goods or services sold by an agent in an agent-controlled commission system, the method comprising:

establishing a relationship between a purchase price and commissions earned;

receiving a request from the agent to sell the goods or services at particular prices;

evaluating the request and, if acceptable, approving the request; and

determining the commissions earned for goods or services sold at the particular prices.

8. The method of claim 7, further comprising paying the commissions.

9. The method of claim 8, further comprising submitting a commission report to the agent.

10. The method of claim 9 further comprising storing the particular prices in a database.

11. The method of claim 10, further comprising processing orders received from the agent.

12. The method of claim 11, wherein processing orders further comprises obtaining payment and shipping information.

13. The method of claim 11, wherein processing orders further comprises obtaining credit card approval from a third party.

14. The method of claim 11, wherein processing orders further comprises shipping the goods or performing the services.

15. The method of claim 11, wherein determining commissions earned is based upon a minimum price established by the principal.

16. The method of claim 11, wherein the orders are received by the principal over a network.

17. A system for determining commissions earned by an agent, the system comprising:

a server configured for communication over a network;

a memory associated with the server, the memory containing a relationship between purchase prices and commissions earned for a sale of one or more goods or services;

a means for determining commissions earned by the agent based on the stored relationship.

19. The system of claim 18, further comprising a means for receiving requests by the agent to adjust the purchase prices.

20. The system of claim 19, further comprising a means for evaluating whether the requests to adjust the purchase prices are acceptable.