Apparatus and method for enhancing electronic commerce via participation incentives
OwnerRaphael Aguilar Trottainventor
Life of this patent
Estimating the term…
Abstract
An apparatus and method for enhancing electronic commerce through a dynamic hierarchal protocol of scalable participation incentives for both buyers and sellers. The apparatus and method of use collects a brokerage fee from each consummated transaction and distributes the fee to select participants according to their special and/or relational association to the consummated the transaction. Periodically the hierarchal relationships of participating individuals are reorganized based relative participation.
Claims20
A method for fomenting electronic commerce by incentivizing buyers and sellers to loyally participate as well as recruit others to participate, including the steps of:
- 1) prompting participants, which may be buyers and sellers, or both, to input information into the system regarding at least one product that the participant proposes to sell or wishes to purchase, including price, features, warranties, and other relevant information pertaining to the product;
- 2) receiving said product information from said participants, which may be buyers and sellers, or both;
- 3) storing said product information received from said participants, which can be buyers and sellers, or both in a repository database;
- 4) making said product information accessible to other said participants, which may be prospective buyers and sellers, or both;
- 5) facilitating the consummation of commercial transactions between participating buyers and sellers, or both, including collecting a remitted payment;
- 6) redirecting a percentage of the remitted payment as a brokerage fee to participants associated with the consummated transaction;
An apparatus for fomenting electronic commerce by incentivizing buyers and sellers to loyally participate as well as recruit others to participate, said apparatus comprising:
- an input device for receiving communication from participating buyers and sellers regarding products offered for sale, products desired to be purchased, and information necessary to consummate transactions;
- an output device for transmitting communication to participating buyers and sellers regarding products offered for sale, products desired to be purchased, and information necessary to consummate transactions;
- a repository database for storing buyer and seller communication, relevant input, calculations, and boundary conditions;
- firmware or a programmable computer, programmed with and capable of executing software or some combination thereof that prompts participants, which may be buyers and sellers, or both, to input information into the system regarding at least one product that the participant proposes to sell or wishes to purchase, including price, features, warranties, and other relevant information pertaining to the product;
- receives said product information from said participants, which may be buyers and sellers, or both;
- stores said product information received from said participants, which can be buyers and sellers, or both in said repository database;
- makes said product information available to other said participants, which may be prospective buyers and sellers, or both;
- facilitates the consummation of commercial transactions between participating buyers and sellers, or both, including collecting a remitted payment;
- and redirects a percentage of the remitted payment as a brokerage fee to participants associated with the consummated transaction.
Dependencies are inferred from the claim text.