Method and System for Facilitating Automated Real Time Negotiating and Bargaining Followed by Purchase of Merchandize

• US 20120072298A1
• Filed: 08/19/2011
• Published: 03/22/2012
• Est. Priority Date: 09/19/2010
• Status: Abandoned Application

• Current Assignee: Devendra Joshi, Srinivasan Ramanujam
• Original Assignee: Devendra Joshi, Srinivasan Ramanujam
• Inventors: Joshi, Devendra, Ramanujam, Srinivasan
• Application Number:
  US13/214,075
• Publication Number:
  US 20120072298A1
• Time in Patent Office: Days
• US Class Current: 705/26.3
• CPC Class Codes: G06Q 10/02 Reservations, e.g. for tickets, services or events
• CPC Class Codes: G06Q 10/101 Collaborative creation, e.g. joint development of products or services
• 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 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

The preferred embodiment of the present invention is directed to a method, and system to automate real time price negotiation and bargaining followed by actual purchase of merchandize or service at a retail location. The merchandize can range from real goods and/or service(s) available at any store or retail outlet to entertainment such as movies, concerts, sporting events and others.

Claims

1. A method for real-time, electronic negotiating and bargaining, comprising the steps of:

bargaining iteratively to identify what a willing buyer expects from a willing seller and what a willing seller expects from a willing buyer; and

executing a completed transaction in response to the willing buyer and the willing seller reaching a negotiated agreement upon what each one of them expects from the other.

2. The method for real-time, electronic negotiating and bargaining, according to claim 1, wherein said willing seller is an internet based retailer.

3. The method for real-time, electronic negotiating and bargaining, according to claim 1, wherein said willing seller is a virtual retailer.

4. The method for real-time, electronic negotiating and bargaining, according to claim 1, wherein said willing seller is a local retailer.

5. The method for real-time negotiating and bargaining according to claim 1, wherein said willing seller is a remote retailer.

6. The method for real-time, electronic negotiating and bargaining, according claim 1, wherein said willing seller is selected by the willing buyer from a group of willing sellers including:

an internet based retailer;

a virtual retailer;

a local retailer and a remote retailer.

7. The method for real-time, electronic negotiating and bargaining, according claim 6, wherein said step of bargaining iteratively includes the steps of:

establishing an electronic communication channel between the willing buyer and the willing seller via an automated negotiation and bargaining system;

identifying at least one item the willing buyer desires to purchase via a sequence of one or more interactions with at least one bidding server forming part of said automated negotiation and bargaining system; and

wherein said sequence of one or more interactions includes;

entering an offer price for the identified item desired to be purchased by the willing buyer;

responding to said offer price with an acceptable price via said at least one bidding server; and

repeating said steps of entering and responding until an acceptable offer price is established; and

accepting an offer price presented by the buyer to facilitate completing a transaction between the willing buyer and the willing seller.

8. The method for real-time, electronic negotiating and bargaining, according claim 7, wherein said step of establishing includes the steps of:

using at least one mode of connectivity to facilitate communication with an automated negotiation and bargaining system; and

using at least one communication device to access and connect to said automated negotiation and bargaining system.

9. The method for real-time, electronic negotiating and bargaining, according claim 8, wherein said step of using at least one mode of connectivity includes:

using wireless connectivity;

using internet connectivity;

using WiFi connectivity and/or using any mode of connectivity means.

10. The method for real-time, electronic negotiating and bargaining, according claim 9, wherein said step of using at least one communication device includes:

using cell phones, using mobile phones, using smart-phones, using laptop personal computers, using tablets, using land telephones, using computers, using voice-recognition devices, using touch button communication devices and/or using communication device means.

11. The method for real-time, electronic negotiating and bargaining, according claim 10, wherein said step of identifying at least one item the willing buyer desires to purchase include the steps of:

confirming the willing buyer desires to purchase the identified item using the acceptable offer price; and

wherein the identified item includes;

merchandize, retail goods, retail services, food items, entrance to entertainment events;

entrance to sporting events, entrance to recreational events, and/or any combination thereof.

12. The method for real-time, electronic negotiating and bargaining, according to claim 1, wherein said step of executing a completed transaction includes:

completing a payment transaction; and

sending the willing buyer confirmation on shipment or pickup of the identified item.

13. The method for real-time, electronic negotiation and bargaining, according to claim 12, wherein confirmation on shipment is received from an internet based retailer.

14. The method for real-time, electronic negotiation and bargaining, according to claim 12, wherein confirmation on shipment is received from a virtual retailer.

15. The method for real-time, electronic negotiating and bargaining, according claim 1, wherein said step of executing a completed transaction includes:

completing a payment transaction; and

providing the willing buyer with at least one redemption code to be shown in exchange for retail pickup of the identified item.

16. The method for real-time, electronic negotiating and bargaining, according claim 15, wherein said at least one redemption code includes:

a one-time-use only bar codes, letters or numbers or combination thereof and redemption code means.

17. The method for real-time, electronic negotiating and bargaining, according claim 15, wherein each real-time transaction takes place at or near a merchandizing center where the purchased identified item is available for pick-up by the buyer.

18. The method for real-time, electronic negotiating and bargaining, according claim 7, wherein said sequence of one or more interactions between the willing buyer and the at least one bidder server takes place at a physical location selected by the willing buyer;

and wherein said physical location includes;

a residence of the buyer;

a merchandizing center, a retail store, a sporting event venue, an entertainment event venue, or a recreational event venue.

19. The method for real-time, electronic negotiating and bargaining, according claim 7, further comprising the steps of:

downloading to said at least one communication device, an APP, said APP including a program and user interface to enable said at least one communication device to connect and access said automated negotiation and bargaining system.

20. A real-time negotiating and bargaining system, comprising:

means for haggling iteratively to identify what a willing buyer expects from a willing seller and what a willing seller expects from a willing buyer; and

means for executing a completed transaction in response to the willing buyer and the willing seller reaching agreement upon what each one of them expects from the other.

21. A real-time negotiating and bargaining system according to claim 20, further comprising:

means for establishing an electronic communication channel between a buyer and seller of merchandize via an automated negotiation and bargaining system;

means for identifying at least one item a buyer desires to purchase via a sequence of one or more interactions with at least one bidding server forming part of said automated negotiation and bargaining system; and

means for entering an offer price for the identified item desired to be purchased by the willing buyer;

means for responding to said offer price with an acceptable price via said at least one bidding server;

means for entering and responding until an acceptable offer price is established; and

means for accepting an offer price presented by the buyer.

22. The real-time negotiating and bargaining system according to claim 21, wherein said means for establishing includes:

means for using at least one mode of connectivity to facilitate communication with an automated negotiation and bargaining system; and

means for using at least one communication device to access and connect to said automated negotiation and bargaining system.

23. The real-time negotiating and bargaining system according to claim 22, wherein said means for using at least one mode of connectivity includes:

means for using wireless connectivity;

means for using internet connectivity;

means for using WiFi connectivity and/or means for using any mode of connectivity means.

24. The real-time negotiating and bargaining system according to claim 22, wherein said means for using at least one communication device includes:

means for using cell phones, means for using mobile phones, means for using smart-phones, means for using laptop personal computers, means for using tablets, means for using land telephones, means for using computers, means for using voice-recognition devices, means for using touch button communication devices and/or means for using communication device means.

25. The real-time negotiating and bargaining system according to claim 21, wherein said means for identifying at least one item the willing buyer desires to purchase includes:

means for confirming the buyer desires to purchase the identified item using the accepted offer price; and

wherein the identified item includes;

merchandize, retail goods, food items, entrance to entertainment events;

entrance to sporting events, entrance to recreational events, and/or any combination thereof.

26. The real-time negotiating and bargaining system according to claim 20, wherein means for executing a completed transaction includes:

means for completing a payment transaction; and

means for providing the buyer with at least one redemption code to be shown to a retail vendor in exchange for the identified item.

27. The real-time negotiating and bargaining system according to claim 26, wherein means for executing a completed transaction includes:

means for completing a payment transaction; and

means for sending the willing buyer confirmation on shipment or pickup of the identified item.

28. The real-time negotiating and bargaining system according to claim 27, wherein confirmation on shipment is received from an internet based retailer.

29. The real-time negotiating and bargaining system according to claim 27, wherein confirmation on shipment is received from a virtual retailer.

30. The real-time negotiating and bargaining system according to claim 26, wherein said at least one redemption code includes:

a one-time-use only bar codes, letters or numbers or combination thereof and redemption code means.

31. The real-time negotiating and bargaining system according to claim 26, wherein each real-time transaction takes place at or near a merchandizing center where the purchased item is available for pick-up by the buyer.

32. The real-time negotiating and bargaining system according to claim 21, wherein said sequence of one or more interactions between the willing buyer and the at least one bidder server takes place at a physical location selected by the willing buyer;

and wherein said physical location includes;

the residence of the willing buyer;

the merchandizing center, a retail store, a sporting event venue, an entertainment event venue, or a recreational event venue.

33. The real-time negotiating and bargaining system according to claim 20, further comprising:

means for downloading to said at least one communication device, an APP, said APP including a program and user interface to enable said at least one communication device to connect and access said automated negotiation and bargaining system.