Social pricing
First Claim
Patent Images
1. A non-transitory computer readable storage medium having embodied thereon instructions executable by a processor to:
- provide in an electronic forum an offer that includes;
an offer price that is a function of a number of a product or service for sale and purchased by a set of buyers in the electronic forum,a list price of the product or service for sale, anda time of expiration of the offer,and wherein a final price paid for the product or service is single discounted price from the list price and is based at least in part upon a total quantity of the product or service ordered prior to the time of expiration;
interface with a social network;
promote the offer from the electronic forum to members of the social network, wherein at least one interaction between a member of the social network and the offer in the electronic forum is recorded;
accept orders for the product or service from buyers when terms and conditions regarding the offer are accepted and a payment instrument is verified; and
present a promotion to a buyer when the buyer accepts the offer that is presented in the electronic forum.
3 Assignments
0 Petitions
Accused Products
Abstract
Mechanisms are provided to facilitate buying and selling products utilizing social pricing. Sellers initiate sale of a product with volume discounts for a limited time. In other words, the more people that buy a product, the lower the price for the group. Buyers have a real incentive to become prosumers that not only purchase a product but also promote purchase by others. A social pricing system brokers interaction between sellers and buyer groups, and provisions mechanisms to aid promotion of products by consumers utilizing social networks and other online activities.
-
Citations
31 Claims
-
1. A non-transitory computer readable storage medium having embodied thereon instructions executable by a processor to:
-
provide in an electronic forum an offer that includes; an offer price that is a function of a number of a product or service for sale and purchased by a set of buyers in the electronic forum, a list price of the product or service for sale, and a time of expiration of the offer, and wherein a final price paid for the product or service is single discounted price from the list price and is based at least in part upon a total quantity of the product or service ordered prior to the time of expiration; interface with a social network; promote the offer from the electronic forum to members of the social network, wherein at least one interaction between a member of the social network and the offer in the electronic forum is recorded; accept orders for the product or service from buyers when terms and conditions regarding the offer are accepted and a payment instrument is verified; and present a promotion to a buyer when the buyer accepts the offer that is presented in the electronic forum. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
-
-
16. A method for facilitating the buying or selling of products or services in association with a social network, the method comprising:
-
employing at least one processor to execute computer executable instructions stored in a non-transitory storage memory to present an offer for a product or service at a discounted price that is conditional upon an aggregate amount of the product or service being ordered by a set of buyers during a certain period of time as defined by the offer; transmitting information associated with the offer over a communications network to members of at least one social network by way of a network interface, a current buyer of the offer also being a member of the social network, and wherein at least one interaction between a member of the social network and the offer is stored in memory, the at least one interaction including an individual having influenced the purchasing activity of another; accepting orders for the offer, wherein at least one order results from a buyer having received information regarding the offer in the at least one social network, the buyer in the at least one social network accepting terms and conditions regarding the offer and offering a verified form of payment; and presenting a promotion upon accepting an order, the promotion including at least one additional price discount or incentive. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
-
-
30. A method for facilitating buying or selling of products, the method comprising:
-
employing at least one processor to execute computer executable instructions stored in a non-transitory storage memory to publicly offer a product or service for sale such that a discounted price is achieved by at least one buyer when a total quantity ordered of the product or service meets a certain threshold; promoting the product or service to possible buyers in a social network by way of a network interface, the product or service promoted by a user having placed an order for the product or service, and wherein at least one interaction between the user and a member of the social network is recorded; accepting orders from the possible buyers when terms and conditions regarding the offer are accepted and a form of payment is verified; and providing notice to the possible buyers as to the status of the offer once the possible buyers have placed an order for the offer, the status of the offer including the total quantity ordered. - View Dependent Claims (31)
-
Specification