Initial product offering system
First Claim
Patent Images
1. A method for determining a price for a product, said method comprising:
- calculating an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group;
calculating a cumulative demand for a product as a function of (i) expected purchase quantities of the product indicated by the potential purchasers in the buying group and (ii) the aggregate customer history factor; and
setting a price of the product as a function of the cumulative demand for the buying group.
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Abstract
A system and method for making an initial product offering of tangible products and services. A price for a product may be determined by calculating an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group, calculating a cumulative demand for a product as a function of (i) expected purchase quantities of the product indicated by the potential purchasers in the buying group and (ii) the aggregate customer history factor, and setting a price of the product as a function of the cumulative demand for the buying group. The tangible products and services may be offered at the determined price.
189 Citations
48 Claims
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1. A method for determining a price for a product, said method comprising:
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calculating an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group; calculating a cumulative demand for a product as a function of (i) expected purchase quantities of the product indicated by the potential purchasers in the buying group and (ii) the aggregate customer history factor; and setting a price of the product as a function of the cumulative demand for the buying group. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system for determining a price for a product, said system comprising:
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a memory configured to store historical purchasing information associated with potential purchasers of a product; and a processor in communication with said memory and configured; (i) to calculate an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group, (ii) to compute cumulative demand for a product as a function of; (a) expected purchase quantities of the product indicated by the potential purchasers in the buying group and (b) the aggregate customer history factor, and (iii) to compute the price of the product as a function of the computed cumulative demand for the buying group. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A system for determining a price for a product, said system comprising:
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means for computing an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group; means for determining a cumulative demand for a product as a function of (i) expected purchase quantities of the product indicated by the potential purchasers in the buying group and (ii) the aggregate customer history factor; and means for setting a price of the product as a function of the cumulative demand for the buying group. - View Dependent Claims (24, 25, 26, 27, 28)
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29. A method for determining a price for a tangible product or service to be released into a market at a future date, said method comprising:
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accepting indications of interest from potential purchasers for a tangible product or service to be released into a market at a future date; aggregating the indications of interest to determine an aggregated current demand for the tangible product or service; reducing the aggregated current demand based on purchasing history of the potential purchasers; computing a current price of the tangible product or service based on the reduced aggregated current demand; reconfirming the indications of interest to verify the reduced aggregated current demand based on the computed current price; continuing said accepting, aggregating, reducing, computing, and reconfirming until a predetermined date; and determining a final price for selling the tangible product or service at the future date based on the computed current price on or after the predetermined date. - View Dependent Claims (30, 31, 32, 33, 34, 35, 36, 37, 38)
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39. A system for determining a price for a tangible product or service to be released into a market at a future date, said system comprising:
a processor configured to; (i) accept indications of interest from potential purchasers for a tangible product or service to be released into a market at a future date; (ii) aggregate the indications of interest to determine an aggregated current demand for the tangible product or service based on the indications of interest; (iii) reduce the aggregated current demand based on purchasing history of the potential purchasers; (iv) compute a current price of the tangible product or service based on the reduced aggregated current demand; (v) reconfirm the indications of interest to verify the reduced aggregated current demand based on the computed current price; (vi) continue to accept, aggregate, reduce, compute, and reconfirm until a predetermined date; and (vii) determine a final price for selling the tangible product or service at the future date based on the computed current price on or after the predetermined date. - View Dependent Claims (40, 41, 42, 43, 44, 45, 46, 47, 48)
Specification