Dynamic pricing system with graphical user interface
First Claim
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1. A method for dynamically adjusting a price, comprising:
- sending a first price of a product from a processor to a customer device;
receiving a report of sale for the product at the first price from a merchant computer;
determining with the processor, based at least on the report of sale for the product at the first price, a first profit at the first price;
determining that the first profit is less than a previous profit at a previous price with the processor;
pricing the product at a second price with the processor; and
sending the second price to the client customer device.
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Abstract
A system for dynamically pricing products available from one or more merchants. The system sends a first price for a product from a processor to a customer device, and receives a report of sale for the product at the first price from a merchant computer. The system then determines a second price for the product based at least on the report of sale for the product at the first price, and sends the second price to the client customer device.
219 Citations
36 Claims
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1. A method for dynamically adjusting a price, comprising:
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sending a first price of a product from a processor to a customer device;
receiving a report of sale for the product at the first price from a merchant computer;
determining with the processor, based at least on the report of sale for the product at the first price, a first profit at the first price;
determining that the first profit is less than a previous profit at a previous price with the processor;
pricing the product at a second price with the processor; and
sending the second price to the client customer device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. An apparatus, comprising:
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a first interface, the first interface operable to send a first price of a product to a customer device;
a second interface, the second interface operable to receive a report of sale for the product at the first price from a merchant computer;
a processor coupled to the first interface and the second interface, the processor operable to determine, based on the report of sale, a difference between a first profit at the first price and a previous profit at a previous price, and to price the product at a second price; and
a third interface coupled to the processor, the third interface operable to send the second price to the customer device. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. An apparatus, comprising:
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a computer readable medium encoded with a program executable by a computer, the program being executable to cause the computer to;
send a first price of a product to a customer device;
receive a report of sale for the product at the first price from a merchant computer;
determine, based at least on the report of sale for the product at the first price, a first profit at the first price;
determine that the first profit is less than a previous profit at a previous price; and
price the product at a second price, and send the second price to the customer device. - View Dependent Claims (34, 35)
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36. A signal communicating data with a computer, the data comprising:
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a first price of a product sent from the computer to a customer device;
a report of sale for the product at the first price received by the computer from a merchant computer; and
a second price sent from the computer to the customer device, wherein the second price is determined by the computer, based at least on the report of sale for the product at the first price.
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Specification