A MULTIPLE ENTITY PURCHASE AND SALE TRANSACTION SYSTEM

• US 20070294134A1
• Filed: 06/15/2006
• Published: 12/20/2007
• Est. Priority Date: 06/15/2006
• Status: Abandoned Application

• Current Assignee: Juxing Yang
• Original Assignee: Juxing Yang
• Inventors: Yang, Juxing
• Application Number:
  US11/424,538
• Publication Number:
  US 20070294134A1
• Time in Patent Office: Days
• US Class Current: 705/26.2
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0605 Supply or demand aggregation
• CPC Class Codes: G06Q 30/0613 Third-party assisted

Abstract

A multiple entity purchase and sale transaction system enables shoppers and sellers to conduct business on internet using shopping groups. Group shopping allows sellers to sell goods and services to groups of shoppers at low prices. The multiple entity purchase and sale transaction system can be implemented as a group shopping web site. The group shopping web site allows unrelated shoppers to create, join, and check out a shopping group during open enrollment period. Sellers are allowed to provide bids to a shopping group during the open enrollment period of the shopping group. At the end of open enrollment period, a group shopping administrator selects an accepted seller. Finally the group shopping web site links shoppers in the shopping group and the accepted seller together so that shoppers can pay the accepted seller for goods and services and the accepted seller can provide goods and services to shoppers.

Claims

1. An information processing center comprised of:

a shopping group creation component for anyone to create a shopping group with an open enrollment period;

a shopping group shopper control component for shoppers to join or check out shopping groups during said open enrollment period;

a shopping group seller control component for sellers to provide bids to shopping groups during said open enrollment period;

a shopping group presentation component for anyone to browse, search, or display a shopping group;

a shopping group administration component for controlling shopping groups so that shopping groups can be moved from open state to locked-in state, accepted state, processed state, and eventually closed state and for processing shopping group changes;

whereby shopping groups can be created;

whereby shoppers can join and check out shopping groups;

whereby sellers can provide bids to shopping groups;

whereby shoppers get better prices as a group and sellers get higher profits and lower costs.

2. The information processing center of claim 1 wherein:

the shopping group creation component can create a shopping group with a title, a description of goods and service, a definition of an unit of goods and services, a means to specify open enrollment period, and optionally geographical locations where goods and services are available;

whereby a shopping group can be created without ambiguity;

whereby sellers can provide bid prices to a shopping group.

3. The information processing center of claim 1 wherein:

the shopping group shopper control component further comprising a means for shoppers to enter shoppers'"'"' identification information and to enter or change ordered quantities and zero or more attributes of goods and services that do not change total costs in shopping groups;

whereby shoppers can join shopping groups by specifying ordered quantities in shopping groups;

whereby shoppers can order goods and services specific to their needs.

4. The information processing center of claim 3 wherein:

the shopping group shopper control component further comprising a means for shoppers to check out a shopping group by providing billing information and shipping information to said shopping group or a shopping group administrator;

whereby shoppers can check out shopping groups and wait to receive delivery of goods and services.

5. The information processing center of claim 1 wherein:

the shopping group seller control component further comprising a means for sellers to provide bids to shopping groups;

wherein bids for a shopping group form a totally ordered set with reflexivity, anti-symmetry, transitivity, and comparability;

whereby a shopping group administrator can select a bid objectively;

whereby a shopping group can get the best bid.

6. The information processing center of claim 5 wherein:

a bid is comprised of one or more monetary factors and zero or more non-monetary factors;

whereby said bid can be formulated so that a small bid provides a better value to shoppers than a large bid;

whereby a shopping group can get the best bid.

7. The information processing center of claim 5 wherein:

a bid comprises an unit price, a maximum total price, and a minimum total price;

wherein the total price is the price that a seller charges a shopper for an unit of goods and services in a shopping group including the unit price and other fees;

wherein the unit price is less than or equal to the minimum total price and the minimum total price is less than or equal to the maximum total price;

whereby different shoppers may pay different total price;

whereby shoppers know the range of total prices;

whereby a shopping group administrator can select the best bid.

8. The information processing center of claim 2 wherein:

the shopping group presentation component further comprising a means to display shopping group information including one or more of factors including shopping group title, shopping group description, shopping group unit definition, shopping group geographical locations, shopping group open enrollment period, shopping group total shopper count, shopping group checked-out shopper count, shopper status in the shopping group, shopping group status, shopper ordered quantity, accepted shopping group seller, and accepted bid information;

whereby shoppers can use this information to determine further action;

whereby sellers can use this information to determine further action.

9. The information processing center of claim 1 wherein:

the shopping group administration component further comprising a means to move a shopping group from open state to locked-in state at the end of open enrollment period of said shopping group, to move said shopping group from locked-in state to accepted state after the accepted seller accepts the said shopping group, to move said shopping group from accepted state to processed state after the accepted seller delivers goods and services to checked-out shoppers, and to move said shopping group from processed state to closed state after a shopping group administrator completes all tasks related to said shopping group;

whereby shopping groups can complete shopping group cycle.

10. The information processing center of claim 9 wherein:

the shopping group administrator component further comprising a means to compare seller'"'"'s bids and accept or reject sellers'"'"' bids based on zero or more additional factors;

whereby a shopping group can select the best bid.

11. The information processing center of claim 1 wherein:

the shopping group administrator component further comprising a notification means for informing shoppers, sellers, and shopping group administrators of any changes in shopping groups;

whereby shoppers, sellers, and shopping group administrators can take actions regarding changes in shopping groups.

12. The information processing center of claim 11 wherein:

the notification system uses emails as a notification means;

whereby shoppers, sellers, and shopping group administrators receive email notifications regarding any changes in shopping groups.

13. The information processing center of claim 10 wherein:

the shopping group administrator component further comprising a means to allow an accepted seller to accept or reject a shopping group at the end of the shopping group open enrollment period;

whereby a seller can accept or reject a shopping group.

14. The information processing center of claim 10 wherein:

the shopping group administrator component further comprising a means for an accepted seller to receive checked-out shoppers'"'"' payments for goods and services and to assist said accepted seller to deliver goods and services to said checked-out shoppers;

whereby said accepted seller gets paid and checked-out shoppers get goods and services.

15. The information processing center of claim 14 wherein:

the shopping group administrator provides checked-out shoppers'"'"' billing and shipping information to an accepted seller;

whereby said seller can receive payments and deliver goods and services to shoppers.

16. The information processing center of claim 1 further comprising:

a means to browse and search shopping groups;

whereby shoppers can find existing shopping groups to join;

whereby sellers can find existing shopping groups to bid.

17. The information processing center of claim 1 wherein:

the information processing center is an internet web site;

whereby shopping groups are listed and accessed on a web site;

whereby shoppers and sellers can access shopping groups using web browsers.

18. A method for creating and processing shopping groups by shoppers, sellers, and shopping group administrators, the method comprising the steps of

creating a shopping group by shoppers, sellers, or a shopping group administrator and starting an open enrollment period;

displaying said shopping group information to shoppers, sellers, and said shopping group administrator;

joining said shopping group by shoppers during said open enrollment period;

providing bids to said shopping group by sellers during said open enrollment period;

accepting a seller'"'"'s bid by said shopping group administrator during said open enrollment period;

checking out said shopping group by shoppers during said open enrollment period and providing billing information and shipping information to said shopping group administrator;

locking said shopping group and ending the open enrollment period by said shopping group administrator at the end of said open enrollment period;

accepting or rejecting said shopping group by the final accepted seller after said shopping group is locked;

collecting payment from shoppers by said shopping group administrator or said final accepted seller;

delivering goods and services described in said shopping group to checked-out shoppers by said final accepted seller if said final accepted seller accepts said shopping group;

whereby a shopping group is created and processed.

19. The method for creating and processing shopping groups by shoppers, sellers, and shopping group administrators of claim 18, further comprising the step of:

dissolving a shopping group if a final accepted seller rejects said shopping group;

whereby the final accepted seller may reject a shopping group.

20. The method for creating and processing shopping groups by shoppers, sellers, and shopping group administrators of claim 18, further comprising the steps of:

notifying shoppers new bids when a shopping group administrator receives a new bid;

notifying the final accepted seller when a shopping group is locked by a shopping group administrator.

notifying checked-out shoppers when the final accepted seller accepts a shopping group;

whereby shoppers and sellers are informed about shopping group changes.