On-line system for buyer seller matching and negotiation
First Claim
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1. An interne based communication method for conducting an on-line reverse auction and a negotiation comprising the steps of:
- a. presenting a product selection from a web server to a buyer;
b. receiving product information selected by the buyer;
c. generating a sales lead including at least a zip code and an email address;
d. authorizing the buyer to post a request for a quote for a product after generating the sales lead;
e. posting the request for the quote from the buyer;
f. searching for at least one seller authorized to sell the product requested by the buyer based on information provided by the buyer;
g. notifying the authorized sellers of the buyer including preferences with the request for the quote;
h. allowing the sellers not previously notified to join into the negotiation process;
i. permitting the authorized sellers to post the quote and relevant information in response to the request for the quote from the buyer;
j. utilizing the web server to calculate a buyer rating from data provided by the buyer in order to determine a quality of the sales lead;
k. informing the sellers of the buyer rating;
l. providing an environment on the web server to conduct the negotiation between the buyer and the sellers during the on-line reverse auction; and
m. determining an endpoint for the on-line reverse auction and the negotiation process for the product.
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Abstract
An on-line system for creating an open market for matching buyers and sellers of brand name products. The system enables buyers to achieve the maximum value in the purchased product by engaging in an open ended on-line reverse auction and a negotiation process with multiple sellers of the specified product. The system enables sellers to generate sales leads and engage in the open ended on-line reverse auction bidding and the negotiation process with buyers.
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Citations
12 Claims
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1. An interne based communication method for conducting an on-line reverse auction and a negotiation comprising the steps of:
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a. presenting a product selection from a web server to a buyer; b. receiving product information selected by the buyer; c. generating a sales lead including at least a zip code and an email address; d. authorizing the buyer to post a request for a quote for a product after generating the sales lead; e. posting the request for the quote from the buyer; f. searching for at least one seller authorized to sell the product requested by the buyer based on information provided by the buyer; g. notifying the authorized sellers of the buyer including preferences with the request for the quote; h. allowing the sellers not previously notified to join into the negotiation process; i. permitting the authorized sellers to post the quote and relevant information in response to the request for the quote from the buyer; j. utilizing the web server to calculate a buyer rating from data provided by the buyer in order to determine a quality of the sales lead; k. informing the sellers of the buyer rating; l. providing an environment on the web server to conduct the negotiation between the buyer and the sellers during the on-line reverse auction; and m. determining an endpoint for the on-line reverse auction and the negotiation process for the product. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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Specification