Method and system for determining market demand based on consumer contributions

a market demand and consumer technology, applied in the field of methods and systems for producing and commercializing artists, can solve the problems of no guarantee that a market will ever exist for that particular artist, and the risk of financial loss, and achieve the effect of efficient distribution of their products

Inactive Publication Date: 2006-01-05
BOOMBACKER
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

This patent describes a new way to help find out if there's a demand for an artist (like a musician or movie star) without spending too much money on promoting them first. It works by giving fans the chance to see what the artist has to offer and decide whether they want to contribute some cash towards their career. If enough people show interest, then the artist can use this funding to make albums or movies. The idea helps connect customers with creatives in one place, making it easier for them to discover and support emerging talent.

Problems solved by technology

The problem with the current method of promoting and selling art is that it involves a lot of risk and investment in advance without any guarantees of success. There needs to be a better way to find out if there really is a demand for an artist's work before putting too much money into it.

Method used

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  • Method and system for determining market demand based on consumer contributions
  • Method and system for determining market demand based on consumer contributions
  • Method and system for determining market demand based on consumer contributions

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Embodiment Construction

[0018] In the following description of the preferred embodiment, reference is made to the accompanying drawings which form a part hereof, and in which is shown by way of illustration a specific embodiment in which the invention may be practiced. It is to be understood that other embodiments may be utilized and structural changes may be made without departing from the scope of the present invention.

Overview

[0019] The present invention provides a method and a system for determining market demand for an artistic product before money is spent to produce and commercialize the artistic product. The method and system of the present invention allow consumers to financially contribute towards the development and commercialization of an artist of their choice.

[0020] One preferred embodiment of the present invention allows artists to submit samplings of their work to administrators practicing the present method and system. FIG. 1A illustrates how artists can submit samplings of their work ...

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Abstract

The present invention provides a method and a system to determine a market need before any monies are spent to produce and commercialize an artist. A method and system for determining the market demand for an artist comprising: receiving user input to determine which artist to select from a pool of artists; determining the market demand for said selected artist based on users contributing to a fund for said artist; and producing selected artists that attain a predefined level of user contributions.

Description

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Claims

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Application Information

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Owner BOOMBACKER
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