Methods and systems for facilitating bids on products and services

a technology of products and services and bids, applied in the field of commercial transactions, can solve the problems of increasing the inventory holding cost of the seller, reducing the profit margin of the seller, and affecting the bidding process, and causing the auction to pose many problems for both buyers and sellers

Inactive Publication Date: 2013-12-05
WK NETWORKS
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

This system allows sellers to maintain desired profit margins while offering buyers the motivation of naming their own bid price with instant gratification, reducing uncertainty and competition, thus enhancing the bidding experience for both parties.

Problems solved by technology

Many of these sales techniques encourage buyers to ‘hold out’ for anticipated low pricing, causing not only an erosion of profit margins for the seller, but also an increase in the inventory holding costs to a seller.
Despite their variety and their common acceptance and usage, auctions pose many problems for both buyers and sellers.
Many types of auctions are competitive; forcing winning bidders to successfully compete against other bidders in a sometimes uncomfortable and expensive process.
In many types of auctions, there is a waiting period between the time a bidder bids for an item and the time the bidder knows if his bid is successful, leaving the bidder in uncertainty.
These characteristics often make existing auctions less than desirable for buyers and sellers of items.

Method used

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  • Methods and systems for facilitating bids on products and services
  • Methods and systems for facilitating bids on products and services
  • Methods and systems for facilitating bids on products and services

Examples

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Embodiment Construction

[0016]Referring now to FIGS. 1-2, wherein similar components of the present disclosure are referenced in like manner, various embodiments of methods and systems for facilitating bids on products and services are disclosed.

[0017]Provided herein are new and improved bidding methods and systems that guarantee sellers receipt of at least a desired price while providing buyers with the motivation of naming their own bid price along with the instant gratification of knowing whether or not they have tendered an accepted bid. The disclosure is flexible as to the type of products and services that can be offered for bid, and can be implemented in a variety of different commerce scenarios, including, but not limited to: on a website where it facilitates commerce, on a website where it is the commerce, on websites offering product searches and listings, in a peer-to-peer network environment, through online advertisements and in an actual physical retail environment. Buyers using the present di...

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PUM

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Abstract

Methods and systems for bidding on items include a predetermined price or range associated with an item, the price not disclosed to bidders. Successful bids conform to a predetermined success rule(s) determined independently of the amounts of other bids. Successful bids can be immediately communicated to the successful bidders. Price adjustments, typically discounts, can be determined and communicated prior to fulfillment.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This application claims priority under 35 U.S.C. §120 as a continuation of U.S. patent application Ser. No. 13 / 488,908 entitled “METHODS AND SYSTEMS FOR FACILITATING BIDS ON PRODUCTS AND SERVICES” filed on Jun. 5, 2012 in the name of Alan Hamor, which issues as U.S. Pat. No. 8,504,467 on Aug. 6, 2013, and which in turn is a continuation-in-part of U.S. patent application Ser. No. 13 / 215,137 entitled “METHODS AND SYSTEMS FOR FACILITATING BIDS ON PRODUCTS AND SERVICES” filed on Aug. 22, 2011 in the name of Alan Hamor, which issued as U.S. Pat. No. 8,219,484 on Jul. 10, 2012, and which in turn claims priority under 35 U.S.C. §120 as a continuation of U.S. patent application Ser. No. 11 / 234,359 entitled “METHODS AND SYSTEMS FOR FACILITATING BIDS ON PRODUCTS AND SERVICES” filed on Sep. 23, 2005 in the name of Alan Hamor, which issued as U.S. Pat. No. 8,005,744 on Aug. 23, 2011, the entirety of each of which is incorporated herein by reference....

Claims

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Application Information

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Patent Type & AuthorityApplications(United States)
IPC IPC(8): G06Q30/08
CPCG06Q30/08G06Q30/00
InventorHAMOR, ALAN B.
OwnerWK NETWORKS