Systems and methods for transacting business over a global communications network such as the internet

• US 20060036511A1
• Filed: 10/07/2005
• Published: 02/16/2006
• Est. Priority Date: 06/29/1999
• Status: Abandoned Application

• Current Assignee: Performance Pricing, Inc. (Acacia Research Corporation), Priceplay.com Incorporated
• Original Assignee: Priceplay.com Incorporated
• Inventors: Lin, Wayne Wei Yuan
• Application Number:
  US11/246,659
• Publication Number:
  US 20060036511A1
• 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 30/0212 Chance discounts or incentives
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 30/0641 Shopping interfaces

Abstract

A business model/process is described for conducting business transactions over the Internet, allowing buyers to reduce the price of the selected product/service based on the buyer'"'"'s performance during a collateral activity. Sellers offer the product/service within a specified price range, and buyers accept the offer, in exchange for the opportunity to close the transaction at the lowest price offered by achieving a high score or performance rating during the collateral activity. The ultimate price is within the agreed upon range, but is determined based upon the buyer'"'"'s performance and scaled to the performance at the collateral activity. The price may change throughout performance of the collateral activity, and the available price at any given time may be displayed or otherwise made available to the buyer. The price change may be continuous, at intervals, in response to certain events, etc. The activity may be a video game, electronic board game, sports bet, card game, or any other activity, and may be performed against the seller, a pre-programmed software opponent, a computer opponent, another buyer competing for the same or a different product, a player participating as a player only and not as a buyer, or anyone or anything else.

Claims

1. A method of determining a price of a product comprising the steps:

communicating to a buyer via a global communications network, a description of a product;

accepting a first request from the buyer to buy the product for a price to be determined within a price range;

accepting a second request from the buyer to allow the price to be determined based upon a performance rating of the buyer obtained by participation in a Price-Determining-Activity (PDA) having a start time and an end time;

receiving data over the global communications network representing the performance rating of the buyer at a first point in time; and

determining the price of the product based at least partially upon the data received, said price being within the price range and scaled to the performance rating of the PDA.

2. The method of claim 1, wherein the first point in time is after the PDA start time and before the PDA end time.

3. The method of claim 2, further comprising the step of the buyer selecting the PDA.

4. The method of claim 2, further comprising the step of presenting a price-locking option to the buyer over the global communications network, said option representing an offer to the buyer to buy the product at the price.

5. The method of claim 4, wherein the step of presenting the price-locking option to the buyer occurs in response to an occurrence of an event associated with the PDA.

6. The method of claim 1, further comprising the steps of sending a plurality of data representing the price over the global communications network to a display associated with the buyer, and displaying on the display the plurality of data, each datum of the plurality of data representing the price at a different point in time.

7. The method of claim 6, wherein the plurality of data comprises a first datum and a second datum, the first datum representing the price at a first point in time and the second datum representing the price at a second point in time, the first point in time being earlier than the second point in time, and the first datum being displayed before the second datum is displayed.

8. The method of claim 6, wherein each datum in the plurality of data is sent and displayed in response to a change in the price, said change in price occurring in response to a change in the performance rating.

9. The method of claim 1, wherein the steps of accepting the first request from the buyer, accepting the second request from the buyer, and receiving the performance rating data, are performed by a master controller.

10. A method of determining a price of a product using a global communications network, comprising the steps:

communicating to a buyer via the global communications network, data representing a plurality of products available, said plurality of products including a first product;

accepting acknowledgement from the buyer representing an intent of the buyer to buy the first product at a price to be scaled and determined based upon a performance rating of the buyer while participating in a Price-Determining-Activity (PDA) having a start time and an end time, said acknowledgment being communicated over the global communications network;

determining the performance rating of the buyer at a first point in time between the start time and the end time; and

assigning the price to the product, said price being dependent upon the performance rating and scaled to the performance rating.

11. The method of claim 10 further comprising the step of presenting to the buyer over the global communications network a price-locking option representing an offer to the buyer to buy the product at the price.

12. The method of claim 10, further comprising the step of accepting payment information from the buyer over the global communications network.

13. The method of claim 10 further comprising the step of substantially continuously sending data over the global communications network to a display associated with the buyer, and displaying said data on the display, said data representing the price which dynamically changes with respect to time in response to changes in the performance rating that occur during performance of the PDA.

14. A system for conducting e-commerce over a global communications network, comprising:

a computer server having access to the global communications network and hosting software programmed to;

a) communicate to a buyer via the global communications network, data representing a plurality of products, said plurality of products including a first product;

b) accept acknowledgement from the buyer representing an intent of the buyer to buy the first product at a price to be determined dependent on a performance rating of the buyer that changes with respect to time while participating in a Price-Determining-Activity (PDA), said acknowledgement being communicated over the global communications network;

c) determine the performance rating of the buyer with respect to time based upon data received over the global communications network; and

d) assign a price to the product with respect to time, said price being dependent upon and scaled to the performance rating.

15. The system of claim 14, wherein the software is further programmed to display the price at a display associated with the buyer, substantially simultaneously with assigning the price with respect to time.

16. A method of determining a price of a product comprising the steps:

communicating to a buyer via a global communications network, a description of a product;

accepting a first request from the buyer to buy the product for a price to be determined within a price range;

accepting a second request from the buyer to allow the price to be determined based upon a performance rating of the buyer obtained by participation in a Price-Determining-Activity (PDA) having a start time and an end time;

receiving data over the global communications network representing the performance rating of the buyer at a first point in time; and

determining the price of the product based at least partially upon the data received, said price being within the price range and scaled to the performance rating of the PDA;

displaying data representing any product or pluarity of products other than the first product based on the performance of the PDA and the choice of PDA.

17. The system in claim 16 further comprising the step to buy the product other than the first product.

18. A method of determining a price of a product comprising the steps:

communicating to a buyer via a global communications network, a description of a product;

accepting a first request from the initial buyer to buy the product for a price to be determined within a price range;

accepting a second request from the buyer to allow the price to be determined based upon a performance rating of the initial buyer obtained by participation in a Price-Determining-Activity (PDA) having a start time and an end time;

receiving data over the global communications network representing the performance rating of the buyer at a first point in time; and

determining the price of the product based at least partially upon the data received, said price being within the price range and scaled to the performance rating of the PDA;

receiving data over the global communications network representing the assignment by the initial buyer to the second buyer or any other buyers to buy the product;

receiving the data from the assigned second buyer or any other buyers to buy the product.

19. The system of claim 18 further comprising the steps:

receiving data over the global communication network, the data of payment from the initial buyer or the second buyer or any other buyers.

20. A method of assisgning a price to a product comprising the steps:

determing a performance of a buyer during a Prcie Determining Activity (PDA); and

assigning a price to the product, said price being scaled to the performance of the buyer.

21. The method of claim 20, further comprising the step of determining a price range prior to determining the performance of the buyer, said price range having a lower limit associated with a best performance, and an upper limit associated with a worst performance, and wherein the price is within the price range and scaled up or down based on the performance of the buyer.