SYSTEM AND METHOD FOR FACILITATING ADVERTISING

• US 20090150253A1
• Filed: 10/06/2008
• Published: 06/11/2009
• Est. Priority Date: 10/05/2007
• Status: Abandoned Application

• Current Assignee: Donald R. Hancock, Lane J. Segerstrom, Phillip W. Williams, Ronald R. Bandy
• Original Assignee: Donald R. Hancock, Lane J. Segerstrom, Phillip W. Williams, Ronald R. Bandy
• Inventors: Segerstrom, Lane J., Williams, Phillip W., Hancock, Donald R., Bandy, Ronald R.
• Application Number:
  US12/246,287
• Publication Number:
  US 20090150253A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An embodiment of the present invention includes a system and method effectively and efficiently facilitate the selling and buying of advertising online.

Claims

1. A method effectively and efficiently facilitate the selling and buying of advertising online, the method comprising:

posting a price by a seller for selling of at least one space for advertisements;

uploading an advertisement by a buyer;

bidding by a buyer on placing an advertisement on the at least one space;

determining if seller accepts or rejects the bid by the buyer for placing an advertisement; and

if seller accepts the bid, then, processing payment, and placement of the advertisement on the at least one space.

2. The method of claim 1 wherein if the seller rejects the bid by the buyer, sending a counter offer to the buyer.