PROCESS AND METHOD FOR SYSTEMATICALLY EXCHANGING PRODUCT BETWEEN MANUFACTURER OF PRODUCT OR REPRESENTATIVE OF PRODUCT AND PURCHASER FOR AN ESTABLISHED TERM

• US 20080235116A1
• Filed: 03/22/2007
• Published: 09/25/2008
• Est. Priority Date: 03/22/2007
• Status: Abandoned Application

• Current Assignee: John B. Jensen
• Original Assignee: John B. Jensen
• Inventors: Jensen, John B.
• Application Number:
  US11/689,797
• Publication Number:
  US 20080235116A1
• Time in Patent Office: Days
• US Class Current: 705/28
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/0603 Catalogue ordering

Abstract

There is provided by this invention a process that obligates and joins manufacturers and or distribution outlets with customers for a predetermined fee to provide and allow purchasers to exchange purchased products after a predetermined time for a new product. Manufacturers and or outlets assume responsibility to sell or if chosen re-exchange the returned product. The products may be the type that depreciates with age and use, such as automobiles, boats, recreational vehicles, equipment, machinery, etc. Manufacturer and or outlet provides product at the established value level to the customer for a certain length of time. Customer uses the product for a determined length of time, for example one year, then returns and exchanges said product each year for new product throughout the term of the agreement, allowing customer to maintain new status and factory warranty and eliminating the hassles of selling the product. Manufacturer and or outlet markets and sells or begins another exchange process with returned product to a second customer through outlets and community database web sites.

Claims

1. A method of selling products, comprising:

offering the purchaser of a product a right to enter a product exchange program whereby the product may be returned for exchange for a new product after a predetermined length of time for a predetermined fee;

establishing a product data base for storing sales information on products entered into the product exchange program including the date of return of the product;

offering to sell the used products in the product exchange program over an internet exchange website to a plurality of potential sellers when the products are returned for exchange; and

offering the purchaser of a used product a right to enter a product exchange program whereby the used product may be returned for exchange for a new product after a predetermined length of time for a predetermined fee.

2. A method of selling products as recited in claim 1 wherein a manufacturer offers the purchaser of a product a right to enter a product exchange program.

3. A method of selling products as recited in claim 1 wherein a distribution outlet offers the purchaser of a product a right to enter a product exchange program.

4. A method of selling products as recited in claim 1 wherein the product may be items that depreciate with age and use such as automobiles, boats, recreational vehicles, machinery, equipment, etc.

5. A method of selling products as recited in claim 1 wherein the manufacturer'"'"'s warranty stays with the product.

6. A method of selling products as recited in claim 1 wherein a manufacturer offers to sell the used products in the product exchange program over an internet exchange website to a plurality of potential sellers when the products are returned for exchange.

7. A method of selling products as recited in claim 1 wherein a distribution outlet offers to sell the used products in the product exchange program over an internet exchange website to a plurality of potential sellers when the products are returned for exchange.