METHODS AND SYSTEMS FOR OPTIMAL PRICING

• US 20090327062A1
• Filed: 08/28/2006
• Published: 12/31/2009
• Est. Priority Date: 08/26/2005
• Status: Abandoned Application

• Current Assignee: Andries Stephanus Botes
• Original Assignee: Andries Stephanus Botes
• Inventors: BOTES, Andries Stephanus
• Application Number:
  US11/991,031
• Publication Number:
  US 20090327062A1
• Time in Patent Office: Days
• US Class Current: 705/14.17
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems
• CPC Class Codes: G06Q 30/0234 Rebates after completed purchase
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

The systems and methods disclosed relate to the buying and selling of products. More particularly, the systems and methods relate to providing all buyers with the cost savings benefit of economies of scale. Economy of scale benefits involve unit (product) cost reductions which result from increasing total unit output, or sales. Typically, as a seller sells more of a unit, the cost per unit will eventually decline. Such a system discourages initial buyers and rewards later buyers. The present systems and methods can provide economy of scale benefits to all buyers and sellers of products.

Claims

1. A method for providing cost savings benefit of economies of scale, comprising:

providing, by a seller, an item with an item sales price;

purchasing, by a buyer, the item from the seller;

determining a new item sales price based on a price reduction parameter;

determining an amount to credit a previous buyer; and

crediting the previous buyer the determined amount.

2. The method of claim 1, further comprising:

determining seller revenue;

determining revenue earned by a host, said host configured for storing buyer data and seller data;

crediting the seller; and

crediting the host.

3. The method of claim 1, wherein the price reduction parameter is selected from the group consisting of:

stepped;

linear;

hyperbolic; and

parabolic.

4. The method of claim 1, wherein the buyer makes the purchase at a point of sale/brick-and-mortar environment.

5. The method of claim 1, wherein the buyer makes the purchase over a network.

6. The method of claim 1, wherein determining an amount to credit a previous buyer comprises:

determining a difference in the price paid by the buyer and the price paid by the previous buyer; and

adding, to the determined difference, a percentage of the price paid by the buyer.

7. The method of claim 1, further comprising transferring the determined amount to the previous buyers wherein the transfer is selected from a group consisting of a credit back to a credit card, a deposit into a bank account, a deposit into an account maintained by the buyer with the host, a deposit in to an electronic funds service account, a check mailed to the buyer, and cash.

8. The method of claim 1, wherein the item sales price is set to an initial price determined by the seller, if the item has not been previously purchased or a calculated sales price, if the item has been previously purchased.

9. The method of claim 8, wherein the calculated sales price is equal to a previous sales price if the previous sales price is a final minimum price set by the seller or if the price reduction parameter has not been met.

10. A system for providing a cost savings benefit of economies of scale, comprising:

a memory configured to store item data, seller data, and buyer data; and

a processor, coupled to the memory, wherein the processor is configured to perform a method comprising;

providing an item with an item sales price;

receiving finds for an item purchase;

determining a new item sales price based on a price reduction parameter;

determining an amount to credit a previous buyer; and

crediting the previous buyer the determined amount.

11. The system of claim 10, further comprising:

determining seller revenue; and

determining revenue earned by a host, said host configured for storing buyer data and seller data;

crediting the seller; and

crediting the host.

12. The method of claim 10, wherein the price reduction parameter is selected from the group consisting of:

stepped;

linear;

hyperbolic; and

parabolic.

13. The system of claim 10, wherein determining a new item sales price comprises a stepped price reduction, whereby the item sales price is adjusted when a specified number of the item has been purchased.

14. The system of claim 10, wherein the buyer makes the purchase at a point of sale/brick-and-mortar environment.

15. The system of claim 10, wherein the buyer makes the purchase over a network.

16. The system of claim 10, wherein determining an amount to credit a previous buyer comprises:

determining a difference in the price paid by the buyer and the price paid by the previous buyer; and

adding, to the determined difference, a percentage of the price paid by the buyer.

17. The system of claim 10, further comprising transferring the determined amount to the previous buyers wherein the transfer is selected from a group consisting of a credit back to a credit card, a deposit into a bank account, a deposit into an account maintained by the buyer with the host, a deposit in to an electronic funds service account, a check mailed to the buyer, and cash.

18. The system of claim 10, wherein the item sales price is set to an initial price determined by the seller, if the item has not been previously purchased or a calculated sales price, if the item has been previously purchased.

19. The system of claim 18, wherein the calculated sales price is equal to a previous sales price if the previous sales price is a final minimum price set by the seller or if the price reduction parameter has not been met.

20. A computer readable medium having computer executable instructions embodied thereon, the computer executable instructions configured for performing a method comprising:

providing, by a seller, an item with an item sales price;

purchasing, by a buyer, the item from the seller;

determining a new item sales price;

determining an amount to credit a previous buyer; and

crediting the previous buyer the determined amount.