Commerce System and Method of Controlling the Commerce System by Generating Individualized Discounted Discounted Offers to Consumers

• US 20120253907A1
• Filed: 04/04/2011
• Published: 10/04/2012
• Est. Priority Date: 04/04/2011
• Status: Abandoned Application

• Current Assignee: Myworld, Inc.
• Original Assignee: Myworld, Inc.
• Inventors: Ouimet, Kenneth J.
• Application Number:
  US13/079,561
• Publication Number:
  US 20120253907A1
• Time in Patent Office: Days
• US Class Current: 705/14.23
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising

Abstract

A commerce system has a plurality of retailers offering products for sale. Product information associated with the products is collected and stored in a central database. A consumer uses a website to create a shopping list with weighted preferences for product attributes. An individualized discount is generated by a consumer service provider for products on the shopping list directed to the consumer. The shopping list is optimized based on the product information in the database, the weighted preferences for the product attributes, and the individualized discount. An incremental profit for the product is determined based on the individualized discount. The incremental profit is shared between the retailer and consumer service provider. The consumer uses the optimized shopping list to assist with purchasing decisions. Purchasing decisions within the commerce system are controlled by enabling the consumer to select the products for purchase based on the optimized shopping list.

Claims

1. A method of controlling a commerce system including a plurality of retailers offering products for sale, comprising:

collecting product information associated with the products;

storing the product information in a database;

providing a website for a consumer to create a shopping list with weighted preferences for product attributes;

generating an individualized discount for products on the shopping list directed to the consumer;

optimizing the shopping list based on the product information in the database, the weighted preferences for the product attributes, and the individualized discount;

providing the optimized shopping list to the consumer to assist with purchasing decisions; and

controlling the purchasing decisions within the commerce system by enabling the consumer to select the products for purchase based on the optimized shopping list.

2. The method of claim 1, further including:

generating a first individualized discount for the product directed to a first consumer; and

generating a second individualized discount for the product directed to a second consumer.

3. The method of claim 1, further including determining an incremental revenue or profit for the product based on the individualized discount.

4. The method of claim 3, further including setting a sharing percentage of the incremental revenue or profit.

5. The method of claim 4, wherein the retailer sets the sharing percentage.

6. The method of claim 4, further including placing a product on the optimized shopping list based on the sharing percentage.

7. The method of claim 1, further including:

storing the individualized discount on an electronic medium; and

redeeming the individualized discount through the electronic medium.

8. The method of claim 1, wherein collecting the product information includes retrieving the product information from a retailer website.

9. The method of claim 1, wherein collecting the product information includes receiving the product information from the retailer.

10. A method of controlling a commerce system including a plurality of retailers offering products for sale, comprising:

collecting product information;

storing the product information in a database;

generating a shopping list with weighted preferences for product attributes;

generating an individualized discount for products on the shopping list;

optimizing the shopping list based on the product information in the database, the weighted preferences for the product attributes, and the individualized discount; and

utilizing the optimized shopping list to control purchasing decisions within the commerce system by enabling the consumers to select the products for purchase based on the optimized shopping list.

11. The method of claim 10, further including providing a website for a consumer to create the shopping list with weighted preferences for product attributes.

12. The method of claim 10, further including:

generating a first individualized discount for the product directed to a first consumer; and

generating a second individualized discount for the product directed to a second consumer.

13. The method of claim 10, further including determining an incremental revenue or profit for the product based the individualized discount.

14. The method of claim 13, further including setting a sharing percentage of the incremental revenue or profit.

15. The method of claim 14, wherein the retailer sets the sharing percentage.

16. The method of claim 14, further including placing a product on the optimized shopping list based on the sharing percentage.

17. The method of claim 10, further including:

storing the individualized discount on an electronic medium; and

redeeming the individualized discount through the electronic medium.

18. A method of controlling a commerce system including a plurality of retailers offering products for sale, comprising:

generating an individualized discount for a product directed to a consumer; and

controlling a purchasing decision within the commerce system by enabling the consumer to select products for purchase based on the individualized discount.

19. The method of claim 18, further including:

collecting product information;

storing the product information in a database;

generating a shopping list with weighted preferences for product attributes;

optimizing the shopping list based on the product information in the database, the weighted preferences for the product attributes, and the individualized discount; and

utilizing the optimized shopping list to control purchasing decisions within the commerce system by enabling the consumers to select the products for purchase based on the optimized shopping list.

20. The method of claim 19, further including providing a website for a consumer to create the shopping list with weighted preferences for product attributes.

21. The method of claim 19, further including:

storing the product information for the product on an electronic communication medium; and

uploading the product information to the database.

22. The method of claim 18, further including:

generating a first individualized discount for the product directed to a first consumer; and

generating a second individualized discount for the product directed to a second consumer.

23. The method of claim 18, further including determining an incremental revenue or profit for the product based the individualized discount.

24. The method of claim 23, further including setting a sharing percentage of the incremental revenue or profit.

25. The method of claim 24, wherein the retailer sets the sharing percentage.

26. The method of claim 18, further including:

storing the individualized discount on an electronic medium; and

redeeming the individualized discount through the electronic medium.

27. A computer program product usable with a programmable computer processor having a computer readable program code embodied in a computer usable medium for controlling a commerce system including a plurality of retailers offering products for sale, comprising:

collecting product information;

storing the product information in a database;

generating a shopping list with weighted preferences for product attributes;

generating an individualized discount for products on the shopping list;

optimizing the shopping list based on the product information in the database, the weighted preferences for the product attributes, and the individualized discount; and

utilizing the optimized shopping list to control purchasing decisions within the commerce system by enabling the consumers to select the products for purchase based on the optimized shopping list.

28. The computer program product of claim 27, further including providing a website for a consumer to create the shopping list with weighted preferences for product attributes.

29. The computer program product of claim 27, further including determining an incremental revenue or profit for the product based the individualized discount.

30. The computer program product of claim 29, further including setting a sharing percentage of the incremental revenue or profit.

31. The computer program product of claim 30, wherein the retailer sets the sharing percentage.

32. The computer program product of claim 27, further including:

storing product information for the product on an electronic communication medium; and

uploading the product information to the database.