Back to results
US 2005/0091131 A1Published application
Method of consignment selling
OwnerBrian Ginisinventor
Life of this patent
Estimating the term…
Abstract
Disclosed is a method of selling wherein a good or service is offered for sale at an initial asking price, X. The asking price, X, is then reduced by a desired amount per a fixed time period until the good or service is sold or its asking price is reduced to zero.
Claims17
A method of consignment selling of goods or services comprising the steps of:
- (a) offering from a consignor's inventory the good or service for sale on consignment at an initial asking price, X, at an initial point in time;
- (b) establishing a reduction schedule wherein X is reduced by a desired amount per a fixed time period subsequent to the initial point in time;
- (c) entering the reduction schedule into a programmable computer;
- (d) communicating the reduction schedule to potential buyers of the good or service;
- and then
- (e) using the programmable computer of step (c), reducing X according to the established reduction schedule of step (b) until the good or service is sold or its asking price is reduced to zero;
- and then
- (f) eliminating the good or service from the consignor's inventory if X is reduced to zero.
5 more elements
A method of consignment selling of goods or services comprising the steps of:
- (a) offering from a consignor's inventory the good or service for sale on consignment at an initial asking price, X, at an initial point in time;
- (b) establishing a reduction schedule wherein X is reduced by 1% per day subsequent to the initial point in time;
- (c) entering the reduction schedule into a programmable computer;
- (d) communicating the reduction schedule to potential buyers of the good or service;
- and
- (e) using the programmable computer of step (c), reducing X according to the established reduction schedule of step (b) until the good or service is sold or its asking price is reduced to zero;
- and then
- (f) eliminating the good or service from the consignor's inventory if X is reduced to zero.
5 more elements
A method of consignment selling of goods or services comprising the steps of:
- (a) offering from a consignor's inventory the good or service for sale on consignment at an initial asking price X, at an initial point in time;
- (b) establishing a reduction schedule wherein X is reduced by a fixed sum per day subsequent to the initial point in time;
- (c) entering the reduction schedule into a programmable computer;
- (d) communicating the reduction schedule to potential buyers of the good or service;
- and then
- (e) using the programmable computer of step (c), reducing X according to the established reduction schedule of step (b) until the good or service is sold or its asking price is reduced to zero;
- and then
- (f) eliminating the good or service from the consignor's inventory if X is reduced to zero.
5 more elements
Dependencies are inferred from the claim text.