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US 2018/0018693 A1Published application
Power buy system
AssigneeSETA International LLC
InventorThuHang Truong
Life of this patent
Estimating the term…
Abstract
The Power Buy System includes a computer based platform wherein sellers and buyers log into a website having a pre-configured Power Deal listing on an item. The pre-configured Power Deal listing may set forth one or more tier pricing based on quantity. The pre-configured Power Deal or the new Power Deal may be activated upon commitment from a first buyer. The buyer is provided tools to encourage other social media contacts to purchase an item in order to aggregate a larger buyer collective and sellers are allowed to offer a lower price than what is stated in the buy now price to further encourage additional buyers participation so that more items may be sold.
Claims12
A computer implemented method for facilitating aggregation of demand for a fungible item from internet users to attract additional suppliers to lower a price of the fungible item and to attract additional buyers from a lowered power price, the method comprising:
- receiving a first configured deal from a first supplier, the first configured deal being offered to the internet users for the fungible item wherein the first configured deal indicates that a first power price for the fungible item is less than a buy now price if a sufficient number of the internet users commits to purchasing a threshold number of units of the fungible item, the first configured deal having a two tier pricing structure based on quantity;
- receiving a commitment from a first internet user to purchase the fungible item at the first power price of the first configured deal which is less than the buy now price;
- inviting one or more internet users through social media accounts of the first internet user, email, text message or combinations thereof to the contacts of the first internet user to view the active first configured deal wherein the first internet user is linked to the one or more Internet users through at least one of a social media account, text and email;
- receiving commitments from the one or more internet users associated with the first Internet user to purchase the fungible item at the first power price which is less than the buy now price so as to aggregate demand for the fungible item at or above the threshold number of units;
- receiving a second configured deal from a second supplier having a second power price which is lower than the first power price, the second configured deal having a two tier pricing structure based on quantity which is different from the two tier pricing structure of the first configured deal based on quantity of the second configured deal;
- displaying the second configured deal to the Internet users committed to purchasing the fungible item;
- inviting one or more internet users through social media accounts of the internet users committed to purchasing the fungible item, email, text message or combinations thereof to the contacts of the internet users committed to purchasing the fungible item to view and purchase the fungible item based on the second configured deal.
4 more elements
A system comprising:
- a processor;
- and
- a memory device including instructions that, when executed by the processor, cause the system to:
- receive a first configured deal from a first supplier, the first configured deal being offered to the internet users for the fungible item wherein the first configured deal indicates that a first power price for the fungible item is less than a buy now price if a sufficient number of the internet users commits to purchasing a threshold number of units of the fungible item, the first configured deal having a two tier pricing structure based on quantity;
- receive a commitment from a first internet user to purchase the fungible item at the first power price of the first configured deal which is less than the buy now price;
- invite one or more internet users through social media accounts of the first internet user, email, text message or combinations thereof to the contacts of the first internet user to view the active first configured deal wherein the first internet user is linked to the one or more internet users through at least one of a social media account, text and email;
- receive commitments from the one or more Internet users associated with the first internet user to purchase the fungible item at the first power price which is less than the buy now price so as to aggregate demand for the fungible item at or above the threshold number of units;
- receive a second configured deal from a second supplier having a second power price which is lower than the first power price, the second configured deal, having a two tier pricing structure based on quantity which is different from the two tier pricing structure of the first configured deal based on quantity of the second configured deal;
- display the second configured deal to the internet users committed to purchasing the fungible item;
- invite one or more internet users through social media accounts of the internet users committed to purchasing the fungible item, email, text message or combinations thereof to the contacts of the internet users committed to purchasing the fungible item to view and purchase the fungible item based on the second configured deal.
7 more elements
A non-transitory computer-readable storage medium including instructions, the instructions when executed by a processor of a computing system causing the computing system to:
- receive a first configured deal from a first supplier, the first configured deal being offered to the internet users for the fungible item wherein the first configured deal indicates that a first power price for the fungible item is less than a buy now price if a sufficient number of the internet users commits to purchasing a threshold number of units of the fungible item, the first configured deal having a two tier pricing structure based on quantity;
- receive a commitment from a first internet user to purchase the fungible item at the first power price of the first configured deal which is less than the buy now price;
- invite one or more internet users through social media accounts of the first internet user, email, text message or combinations thereof to the contacts of the first internet user to view the active first configured deal wherein the first internet user is linked to the one or more internet users through at least one of a social media account, text and email;
- receive commitments from the one or more internet users associated with the first internet user to purchase the fungible item at the first power price which is less than the buy now price so as to aggregate demand for the fungible item at or above the threshold number of units;
- receive a second configured deal from a second supplier having a second power price which is lower than the first power price, the second configured deal having a two tier pricing structure based on quantity which is different from the two tier pricing structure of the first configured deal based on quantity of the second configured deal;
- display the second configured deal to the internet users committed to purchasing the fungible item;
- inviting one or more internet users through social media accounts of the internet users committed to purchasing the fungible item, email, text message or combinations thereof to the contacts of the internet users committed to purchasing the fungible item to view and purchase the fungible item based on the second configured deal.
4 more elements
Dependencies are inferred from the claim text.