COMMODITY BROKERING SYSTEM FOR MATCHING BUYERS AND SELLERS AND ASSOCIATED METHODS

• US 20100262527A1
• Filed: 01/22/2009
• Published: 10/14/2010
• Est. Priority Date: 01/22/2008
• Status: Abandoned Application

• Current Assignee: Strategic Market LLC
• Original Assignee: Strategic Market LLC
• Inventors: Mandigo, John W.
• Application Number:
  US12/680,611
• Publication Number:
  US 20100262527A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method for establishing a connection between a buyer and a seller of a commodity gathering buyer demographic data and purchase criteria and querying a database containing sellers'"'"' data. The query method includes using the buyer'"'"'s criteria set as a filter, and creating a data set including at least one potential seller having a commodity matching at least some of the buyer'"'"'s criteria set. The software then transmits to at least one of the sellers in the data set at least some of the buyer'"'"'s demographic data and criteria set, affording that set of sellers the opportunity to contact the buyer directly and make an offer of the seller'"'"'s commodity. In some cases, negotiations can be entered into in order to reach an optimal result for the buyer and the seller. If successful, a purchase can be completed between the buyer and at least one of the sellers.

Claims

1. A commodity brokering system comprising:

a host site including;

a processor connected to the Internet and adapted to maintain a website; and

a database in signal communication with the processor;

wherein the processor is configured to;

receive commodity data from a plurality of sellers through the website, the commodity data relating to a plurality of commodities offered for sale by the plurality of sellers;

store the commodity data in the database;

receive purchase criteria from at least one buyer through the website;

store the purchase criteria in the database;

display all of the plurality of commodities to the at least one buyer which correspond to the purchase criteria; and

communicate the purchase criteria to at least one seller offering for sale at least one of the plurality of commodities corresponding to the purchase criteria.

2. The system of claim 1, wherein the processor is further configured to:

receive a sale offer from the at least one seller to whom the purchase criteria was communicated; and

communicate the sale offer to the at least one buyer.

3. The system of claim 1, wherein the processor is further configured to:

receive a selection from the at least one buyer from among the plurality of displayed commodities; and

only communicate the purchase criteria to sellers associated with the selected commodities.

4. The system of claim 1, wherein the processor is further configured to:

collect ranking information from the at least one buyer; and

display ranking information for the at least one buyer to the at least one seller to whom the purchase criteria was communicated.

5. The system of claim 4, wherein the processor is further configured to solicit payment from the at least one seller to whom the purchase criteria was communicated to display the ranking information.

6. The system of claim 4, wherein the processor is further configured to solicit payment from the at least one buyer to collect the ranking information.

7. The system of claim 4, wherein the ranking information includes at least one of ability to pay data and likelihood of purchase data.

8. The system of claim 1, wherein the plurality of commodities include real estate and automobiles.

9. A commodity brokering method comprising:

hosting a website accessible through the Internet by a plurality of sellers and buyers of commodities;

receiving commodity data from the plurality of sellers;

storing the plurality of commodity data in a database;

receiving purchase criteria from the plurality of buyers;

storing the purchase criteria in the database;

matching each buyer with at least one of the plurality of sellers by comparing the commodity data and the purchase criteria;

communicating the purchase criteria to the at least one matching seller.

10. The method of claim 9, further comprising receiving sale offers from the plurality of sellers and communicating the sale offers to the matching buyers.

11. The method of claim 9, wherein the commodity data and purchase criteria include commodity type and commodity price.

12. The method of claim 9, further comprising displaying commodity data to the buyer associated with the at least one matched seller.

13. The method of claim 12, further comprising receiving a selection from the buyer of at least one commodity associated with the displayed commodity data and communicating the purchase criteria only the seller associated with the selected commodity.

14. The method of claim 9, further comprising receiving ranking information from the at least one buyer and communicating the ranking information to the at least one matched seller.

15. The method of claim 14, wherein the at least one seller must pay to receive the ranking information.

16. The method of claim 14, wherein the at least one buyer must pay to enter the ranking information.

17. The method of claim 15, wherein the ranking information includes at least one of ability to pay data and likelihood of purchase data.

18. The method of claim 9, wherein the commodity data is associated with a plurality of commodity types including real estate and automobiles.