MARKETING TECHNIQUE TO NEGOTIATE PRICE OF PRODUCT
First Claim
Patent Images
1. A method comprising:
- using one or more computers, retrieving one or more price guarantee policies from one or more sellers, wherein the price guarantee policies include one or more price guarantee limits for one or more time periods as to when one or more price guarantee rebates can be obtained;
using one or more computers, receiving pricing information for one or more commodities from the sellers;
using one or more computers, based on at least the price guarantee policies from the sellers and pricing information, generating and sending offer for sale information for the commodities to one or more buyers, wherein the offer for sale information includes the price guarantee policies associated with each of the commodities;
using one or more computers, receiving purchase information regarding one or more purchases of the commodities made by the buyers, wherein purchase information includes at least a purchase identification, purchase date, purchase price, and any offer for sale information for the commodities;
using one or more computers, monitoring and storing periodically a current price for the commodities associated with the purchase identification;
using one or more computers, if the current price for the commodities associated with the purchase identification falls below the price guarantee limits of the price guarantee policies associated with each of the commodities within the time periods measured from the purchase date, sending the purchase information to the sellers with a request for the price guarantee rebate for the buyers;
using one or more computers, receiving an indication that the price guarantee rebate has been granted for the buyers to receive a refund amount; and
using one or more computers, sending the refund amount as a credit to one or more accounts of the buyers.
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Abstract
Techniques are provided in which the current price of a commodity purchased from a seller by a buyer with a price guarantee policy is monitored. Upon detection of the current price dropping below the purchase price, the buyer and seller are notified, leading to a rebate being provided to the buyer from the seller to be redeemed based on the terms of the price guarantee policy. In some embodiments, buyers are offered incentives, such as a discounted price, in exchange for a reduced time period within which a price guarantee policy is redeemable.
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Citations
20 Claims
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1. A method comprising:
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using one or more computers, retrieving one or more price guarantee policies from one or more sellers, wherein the price guarantee policies include one or more price guarantee limits for one or more time periods as to when one or more price guarantee rebates can be obtained; using one or more computers, receiving pricing information for one or more commodities from the sellers; using one or more computers, based on at least the price guarantee policies from the sellers and pricing information, generating and sending offer for sale information for the commodities to one or more buyers, wherein the offer for sale information includes the price guarantee policies associated with each of the commodities; using one or more computers, receiving purchase information regarding one or more purchases of the commodities made by the buyers, wherein purchase information includes at least a purchase identification, purchase date, purchase price, and any offer for sale information for the commodities; using one or more computers, monitoring and storing periodically a current price for the commodities associated with the purchase identification; using one or more computers, if the current price for the commodities associated with the purchase identification falls below the price guarantee limits of the price guarantee policies associated with each of the commodities within the time periods measured from the purchase date, sending the purchase information to the sellers with a request for the price guarantee rebate for the buyers; using one or more computers, receiving an indication that the price guarantee rebate has been granted for the buyers to receive a refund amount; and using one or more computers, sending the refund amount as a credit to one or more accounts of the buyers. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system comprising:
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one or more server computers coupled to a network; and one or more databases coupled to the one or more server computers; wherein the one or more server computers are for; retrieving one or more price guarantee policies from one or more sellers, wherein the price guarantee policies include one or more price guarantee limits for one or more time periods as to when one or more price guarantee rebates can be obtained; receiving pricing information for one or more commodities from the sellers; based on at least the price guarantee policies from the sellers and the pricing information, generating and sending offer for sale information for the commodities to one or more buyers, wherein the offer for sale information includes the price guarantee policies associated with each of the commodities; receiving purchase information regarding one or more purchases of the commodities made by the buyers, wherein purchase information includes at least a purchase identification, purchase date, purchase price, and any offer for sale information for the commodities; monitoring and storing periodically a current price for the commodities associated with the purchase identification; if the current price for the commodities associated with the purchase identification falls below the price guarantee limits of the price guarantee policies associated with each of the commodities within the time periods measured from the purchase date, sending the purchase information to the sellers with a request for the price guarantee rebate for the buyers; receiving an indication that the price guarantee rebate has been granted for the buyers to receive a refund amount; and sending the refund amount as a credit to one or more accounts of the buyers. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A computer readable medium or media containing instructions for executing a method, the method comprising:
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using one or more computers, retrieving one or more price guarantee policies from one or more sellers, wherein the price guarantee policies include one or more price guarantee limits for one or more time periods as to when one or more price guarantee rebates can be obtained; using one or more computers, receiving pricing information for one or more commodities from the sellers; using one or more computers, based on at least the price guarantee policies from the sellers and the pricing information, generating and sending offer for sale information for the commodities to one or more buyers, wherein the offer for sale information includes the price guarantee policies associated with each of the commodities, and wherein generating and sending offer for sale information comprises displaying the offer for sale information to the buyers in response to a search query; using one or more computers, receiving purchase information regarding one or more purchases of the commodities made by the buyers, wherein purchase information includes at least a purchase identification, purchase date, purchase price, and any offer for sale information for the commodities; using one or more computers, monitoring and storing periodically a current price for the commodities associated with the purchase identification; using one or more computers, if the current price for the commodities associated with the purchase identification falls below the price guarantee limits of the price guarantee policies associated with each of the commodities within the time periods measured from the purchase date, sending the purchase information to the sellers with a request for the price guarantee rebate for the buyers; using one or more computers, receiving an indication that the price guarantee rebate has been granted for the buyers to receive a refund amount; and using one or more computers, sending the refund amount as a credit to one or more accounts of the buyers.
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Specification