Dynamic pricing of items based on sales criteria
First Claim
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1. A method, comprising:
- identifying a plurality of media items belonging to a category;
grouping using a processor a first plurality of the media items identified as belonging to the category into a first group based on a sales criteria associated with each of the plurality of media items;
pricing each media item in the first group according to a first pricing strategy using a processor;
sending a first price determined by the processor using the first pricing strategy of a first item of the plurality of items in the first group for sale from a processor to one or more clients over a network;
grouping using a processor a second plurality of the media items identified as belonging to the category into a second group based on a sales criteria associated with each of the plurality of media items;
pricing each media item in the second group according to a second pricing strategy;
sending a second price determined by the processor using the second pricing strategy of a second item of the plurality of items in the second group for sale from a processor to one or more clients over a network;
wherein the value of the sales criteria associated with each of the media items in the first group is superior to the value of the sales criteria associated with each of the media items in the second group and wherein the first pricing strategy generates a higher price for media items in the first group than the price generates for each media item in the second group by the second pricing strategy.
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Abstract
A method of dynamically adjusting prices of items using a processor based upon the category to which the item is assigned and sales criteria of the item relative to other items in the category is disclosed. The items are of the type that are deliverable over a network.
91 Citations
16 Claims
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1. A method, comprising:
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identifying a plurality of media items belonging to a category;
grouping using a processor a first plurality of the media items identified as belonging to the category into a first group based on a sales criteria associated with each of the plurality of media items;
pricing each media item in the first group according to a first pricing strategy using a processor;
sending a first price determined by the processor using the first pricing strategy of a first item of the plurality of items in the first group for sale from a processor to one or more clients over a network;
grouping using a processor a second plurality of the media items identified as belonging to the category into a second group based on a sales criteria associated with each of the plurality of media items;
pricing each media item in the second group according to a second pricing strategy;
sending a second price determined by the processor using the second pricing strategy of a second item of the plurality of items in the second group for sale from a processor to one or more clients over a network;
wherein the value of the sales criteria associated with each of the media items in the first group is superior to the value of the sales criteria associated with each of the media items in the second group and wherein the first pricing strategy generates a higher price for media items in the first group than the price generates for each media item in the second group by the second pricing strategy. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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Specification