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Method and system for providing cooperative purchasing over social networks

  • US 10,977,613 B2
  • Filed: 10/20/2005
  • Issued: 04/13/2021
  • Est. Priority Date: 10/20/2004
  • Status: Active Grant
First Claim
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1. A method for facilitating cooperative bulk discount purchasing of a product or service by a group of buyers, the method comprising:

  • selecting buyers to view private offers from the group of buyers on a social network;

    providing a conditional purchase opportunity from a cooperative purchase control server of a cooperative purchasing service for cooperative bulk discount purchasing by at least two of the buyers, the conditional purchase opportunity including a purchase threshold and an individual purchaser qualification factor, the conditional purchase opportunity being a private offer;

    providing cooperative purchase feed formatted content associated with the conditional purchase opportunity via a telecommunication network from the cooperative purchase control server exclusively to at least one display node of the selected buyers, the cooperative purchase feed formatted content being structured data having a social network identifier identifying a social network origin of the conditional purchase opportunity;

    receiving a first contingent purchase input including the social network identifier at the cooperative purchase control server from a first user of the selected buyers having a user profile on the social network, the social network comprising relationships between user accounts stored on a social network server, the relationships between user accounts being established in response to a request from a first user account to connect to a second user account, and the social network being separate and distinct from the cooperative purchasing service;

    providing a publication option to publish the cooperative purchase feed formatted content from the cooperative purchase control server to the user profile on the social network;

    receiving a second contingent purchase input including the social network identifier at the cooperative purchase control server from a second user of the selected buyers, the second contingent purchase input being received subsequent to the first contingent purchase input;

    initiating at the cooperative purchase control server a first transaction based on the first contingent purchase input and a second transaction based on the second contingent purchase input when the purchase threshold is met, the first user satisfies the individual purchaser qualification factor, and the second user satisfies the individual purchaser qualification factor;

    delivering the product or service in response to the initiating;

    publishing the cooperative purchase feed formatted content from the cooperative purchase control server to the user profile on the social network; and

    associating the cooperative purchase feed formatted content with the user profile on the social network.

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