Method of transacting pooled sales based on an accumulated...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping

Reexamination Certificate

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Reexamination Certificate

active

08032422

ABSTRACT:
A method of transacting sales over a computerized network correlates in a first database record a first product and a plurality of first purchasers to form a pool; further correlates a plurality of second purchasers; issues an offer to a vendor of the first product; and consummates a transaction between the vendor and the first and second purchasers. The offer is issued to the vendor responsive to a time rate of accumulation of buyers in the pool. A first commitment price for buyers is responsive to historical sales performance of the first product; a price trend of an article similar to the first article; or a price trend of the first article itself over time. A second product desired to be purchased by a first purchaser is defined, and an offer is made to a vendor for the purchase of the second product.

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patent: 7720743 (2010-05-01), Marks
McHugh, Josh, “Consumer Collusion!” Forbes, New York, Sep. 6, 1999, vol. 164, iss. 5, p. 222.
Sinton, Peter, “E-Tailer Wins Backing of Marc Andreessen: Accompany Offers Discounts Based on Number of Buyers,” San Francisco Chronicle, CA, Jul. 30, 1999, p. B1.

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