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Customer-generated deals

  • US 9,483,775 B1
  • Filed: 03/25/2013
  • Issued: 11/01/2016
  • Est. Priority Date: 02/12/2013
  • Status: Active Grant
First Claim
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1. A method of managing price negotiations and sales via an online management hardware platform accessible by a first party and a second party, the first party being a consumer, the second party being a merchant, the method comprising:

  • via computer processing hardware in the online management hardware platform, executing operations of;

    receiving a discount proposal from a mobile communication device operated by the first party, the first party generating the discount proposal and providing the discount proposal to the online hardware management platform via a client application executing on the mobile communication device, the discount proposal indicating a modified purchase price of a retail item for sale by the second party, wherein the first party physically visits a store from which the second party offers the retail item for sale to consumers;

    presenting the discount proposal to the second party;

    from the second party, receiving approval of the discount proposal and modified purchase price, the approval indicating acceptance by the second party to sell the retail item at the modified purchase price;

    providing electronic notification of the received approval of the discount proposal to the first party;

    creating multiple redeemable coupons to purchase the retail item at the modified purchase price as specified by the discount proposal approved by the second party;

    initiating distribution of the redeemable coupons to a group of persons as specified by the first party, the redeemable coupons indicating the modified purchase price; and

    tracking redemption of the redeemable coupons by the group of persons;

    the method further comprising;

    at the online management hardware platform, receiving enrollment information and corresponding attributes of the discount proposal from the mobile communication device operated by the first party, the enrollment information indicating the second party, the corresponding attributes of the discount proposal indicating an identity of the retail item and the modified purchase price;

    from the online management hardware platform, transmitting an electronic communication to the second party, the electronic communication including a selectable link in which the second party selects to set up a corresponding merchant account with the online management hardware platform;

    via the corresponding merchant account, and a portal of the online management hardware platform, notifying the second party of the corresponding attributes of the discount proposal provided by the first party; and

    wherein receiving the approval of the discount proposal and modified purchase price from the second party further comprises;

    via the portal of the online management hardware platform, receiving confirmation from the second party that the attributes of the discount proposal have been accepted by the second party.

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