Interactive International Bulk Trade Television

• US 20070233592A1
• Filed: 03/17/2006
• Published: 10/04/2007
• Est. Priority Date: 03/17/2006
• Status: Active Grant

• Current Assignee: Grant Nichols
• Original Assignee: Grant Nichols
• Inventors: Nichols, Grant
• Granted Patent: US 8,095,423 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0631 Item recommendations
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

The invention is a method for advancing international trade in bulk goods and related services employing interactive international video broadcasting medium. The broadcaster enters a contract (110) with a manufacturer for listing a product for bulk sales on an international broadcasting medium and authorizing the broadcaster to be a surety for payment and delivery of said product, to receive payment from the buyer and to make a net payment to the manufacturer on the terms of the purchase. The broadcaster then broadcasts the listing (120) on the interactive international video broadcasting medium, which enables viewers to place an order (130) for the product on the specified terms and conditions. Any order is then conveyed to the manufacturer (140) for acceptance. The broadcaster, as surety, accepts payment for accepted orders (150). The broadcaster then transmits the net payment to the manufacturer (160) upon satisfaction of the terms and conditions of the sale, or to the buyer for unsatisfied (170) terms and conditions.

Claims

1. A method for advancing international trade in bulk goods and related services wherein a broadcaster employs an interactive television trading system comprising the steps of,

(a) entering a contract with a manufacturer for listing a product for bulk sales on an interactive international video broadcasting medium, wherein said listing contains a description of said product and terms and conditions for a willing buyer to acquire international delivery to said buyer of said product in bulk, and wherein said contract authorizes the broadcaster to be a surety for payment and delivery of said product, to receive payment from the buyer and to make a net payment to the manufacturer upon the terms of said purchase, said net payment being the amount paid by the buyer less any commission payable by manufacturer;

(b) broadcasting said listing on an interactive international medium;

(c) enabling a viewer of said interactive international video broadcasting medium to place an order for said product on the specified terms and conditions;

(d) conveying the order to the manufacturer for acceptance;

(e) accepting payment for said goods from the viewer once the order is accepted; and

(f) transmitting said net payment to said manufacturer upon satisfaction of said terms and conditions or to the buyer if such satisfaction is not achieved.

2. The method of claim 1 wherein said contract further authorizes viewers of the interactive international video broadcasting medium to find third-party purchasers for manufacturer'"'"'s goods and profit from such third party purchaser.

3. The method of claim 1 wherein the interactive international video broadcasting medium is television in combination with the Internet.

4. The method of claim 1 wherein the interactive international video broadcasting medium is video telephone.

5. The method of claim 1 wherein the listing is part of a centralized database that includes bulk products available for purchase by viewers of said interactive international video broadcasting medium.

6. The method of claim 5 wherein the centralized database further includes international trade related information selected from a group consisting of rules, regulations, government contacts, contact information for international trade agencies, government export assistance, grants for international trading, loans available for international purchases, currency conversion, international shippers, insurance agents, freight forwarders, international lawyers, customs brokers, discount opportunities, news concerning international trading, conferences, and trade events, and educational documentaries on international trading.

7. The method of claim 1 wherein the interactive international video broadcasting medium is exclusively dedicated to bulk products and information related to international trade, said information selected from a group consisting of rules, regulations, government contacts, contact information for international trade agencies, government export assistance, grants for international trading, loans available for international purchases, currency conversion, international shippers, insurance agents, freight forwarders, international lawyers, customs brokers, discount opportunities, news concerning international trading, conferences, and trade events, and educational documentaries on international trading.

8. The method of claim 1 wherein the interactive international video broadcasting medium enables transmission of an international trade lead ticker identifying buying and selling opportunities.