Initial product offering system and method
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Accused Products
Abstract
A system and method for making an initial product offering of tangible products and services. A price for a product may be determined by calculating an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group, calculating a cumulative demand for a product as a function of (i) expected purchase quantities of the product indicated by the potential purchasers in the buying group and (ii) the aggregate customer history factor, and setting a price of the product as a function of the cumulative demand for the buying group. The tangible products and services may be offered at the determined price.
90 Citations
33 Claims
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1-21. -21. (canceled)
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22. A system for providing group buying comprising:
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means for storing a plurality of product parameters, each product parameter comprising product features;
means for searching through a plurality of products;
means for aggregating, at a network server, a plurality of indications of interest to purchase a product;
means for suspending aggregation of the plurality of indications of interest;
means for preparing a demand packet, each demand packet comprising aggregated purchasing information from the plurality of indications of interest;
means for routing the demand packet, each recipient pre-determined in a product network database as fulfillment destinations;
means of receiving offers from pre-determined fulfillment destinations, the offer consisting of a price;
means for negotiating a price for the item with the plurality of fulfillment destinations for the item, based on the demand-packet database;
means for selecting one or more of fulfillment destinations based on the offer, the offer including the price;
means for generating a confirmed purchaser list, the confirmed purchaser list including an amount of the item equal to a number of items for which an indication of interest was confirmed; and
means for executing a purchase transaction from the supplier to the user at the price of the offer. - View Dependent Claims (23, 24, 25, 26, 27, 28)
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29. A group buying method comprising:
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aggregating, at a network server, a plurality of indications of interest to purchase an item, storing and creating a demand packet from the plurality of indications of interest;
suspending aggregation of the plurality of indications of interest;
preparing a demand-packet database including each one of the plurality of indications of interest received prior to suspending aggregation;
routing the demand packet from the demand-packet database to a plurality of pre-determined fulfillment destinations;
negotiating a price for the item with the plurality of fulfillment destinations for the item;
receiving an offer from the plurality of fulfillment destinations for the item, the offer including a price;
selecting one or more fulfillment destinations based on the offer, the offer including the price;
confirming each one of the indications of interest with the user that supplied the indications of interest at the price of the offer from the fulfillment destinations;
selecting one or more fulfillment destinations to fulfill the demand packet transaction based on the re-confirmation of the indications of interest;
generating a confirmed purchaser list, the confirmed purchaser list including an amount of the item equal to a number of items for which an indication of interest was re-confirmed; and
executing a purchase transaction from one or more of the selected fulfillment destinations to the user at the price of the offer. - View Dependent Claims (30, 31, 32, 33)
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Specification