IP Library Granted Patent US 7,363,246
Granted Patent B1
US 7,363,246 · App. 09/596,921 · Granted Apr 22, 2008

System and method for enhancing buyer and seller interaction during a group-buying sale

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Quick Facts
Patent No.
US 7,363,246
App. No.
09/596,921
Granted
Apr 22, 2008
Kind
B1
Abstract

A method and system are provided that enable buyers and sellers to communicate with each other and to negotiate the purchase terms of featured merchandise in a group-buying opportunity. Sellers and buyers may use various forms of on-line group-buying mechanisms in conjunction with the negotiation features of the invention. Buyers may send various inquiries to sellers regarding merchandise offered for sale through the on-line group-buying sale. Sellers may respond to buyer questions and queries, and in some instances, sellers may communicate instructions to the on-line group-buying mechanism to alter the course of an on-line group-buying sale in progress, e.g., a further reduction in price. The method and system further provides a mechanism for calculating a demand curve based on received buyer offers and applying the demand curve to an on-line group-buying sale.

Claims (53)

1. A computer-implemented method of facilitating communications between a seller and buyers participating together as a buying group during an on-line group-buying sale of a product offered by the seller, the method comprising:

providing an electronic negotiation room to the buyers through which a message from one buyer to another buyer can be transmitted during the on-line group-buying sale;

transmitting a voting request from a seller to the buyers asking the buyers to vote on a hypothetical offer for the product at a price from the seller;

receiving and processing voting responses from the buyers to the voting request, wherein the responses comprise hypothetical acceptances and hypothetical rejections of the hypothetical offer; and

providing the processed responses to the seller.

2. The method of 1 , further comprising:

receiving from buyers counteroffers to the hypothetical offer;

processing the counteroffers; and

providing the processed counteroffers to the seller.

3. The method of 1 , wherein processing comprises generating a demand curve for the product based on the voting responses.

4. The method of 1 , further comprising:

transmitting a second voting request from a seller to the buyers asking the buyers to vote on a second hypothetical offer for the product at a second price from the seller;

receiving voting responses to the second voting request from the buyers;

processing voting responses to the first request from buyers together with voting responses to the second voting request from the buyers; and

providing the processed voting responses to the seller.

5. The method of 4 , wherein processing comprises generating a demand curve based on voting responses to the first request and voting responses to the second voting request.

6. The method of 1 , further comprising providing the processed responses to the buyers.

7. The method of claim 1 , further comprising:

receiving one or more electronic messages from one or more buyers, and, for each message, parsing the message, selecting response content based on the parsed message, generating a response using the response content, and automatically providing the generated response to the one or more buyers.

8. A computer-readable medium including computer-executable instructions for facilitating communications between a seller and buyers participating together as a buying group during an on-line group-buying sale of a product offered by the seller, the instructions for:

providing an electronic negotiation room to the buyers through which a message from one buyer to another buyer can be transmitted during the on-line group-buying sale;

transmitting a voting request from a seller to the buyers asking the buyers to vote on a hypothetical offer for the product at a price from the seller;

receiving and processing voting responses from the buyers to the voting request, wherein the responses comprise hypothetical acceptances and hypothetical rejections of the hypothetical offer; and

providing the processed responses to the seller.

9. The medium of 8 , further comprising instructions for:

receiving from buyers counteroffers to the hypothetical offer;

processing the counteroffers; and

providing the processed counteroffers to the seller.

10. The medium of 8 , wherein processing comprises generating a demand curve for the product based on the voting responses.

11. The medium of 8 , further comprising instructions for:

transmitting a second voting request from a seller to the buyers that asks the buyers to vote on a second hypothetical offer for the product at a second price from the seller;

receiving voting responses to the second voting request from the buyers;

processing voting responses to the first request from buyers together with voting responses to the second voting request from the buyers; and

providing the processed voting responses to the seller.

12. The medium of 11 , wherein processing comprises generating a demand curve based on voting responses to the first request and voting responses to the second voting request.

13. The medium of 8 , further comprising instructions for providing the processed responses to the buyers.

14. The computer-readable medium of claim 8 , further comprising instructions for:

receiving one or more electronic messages from one or more buyers, and, for each message, parsing the message, selecting response content based on the parsed message, generating a response using the response content, and automatically providing the generated response to the one or more buyers.

15. A system for facilitating communications between a seller and buyers participating together as a buying group during an on-line group-buying sale of a product offered by the seller, the system comprising:

a data processing system configured to provide an on-line negotiation room in which buyers can transmit and receive messages during the on-line group-buying sale;

a voting request transmitter that provides a voting request from a seller to the buyers that asks the buyers to vote on a hypothetical offer for the product at a price from the seller; and

a voting mechanism configured to receive voting responses from the buyers to the voting request, processing the responses, and providing the processed responses to the seller, wherein the responses comprise hypothetical acceptances and hypothetical rejections of the hypothetical offer.

16. The system of claim 15 , the system further comprising a data processing system that:

receives from buyers counteroffers to the hypothetical offer;

processes the counteroffers; and

provides the processed counteroffers to the seller.

17. The system of claim 15 , wherein the voting mechanism generates a demand curve for the product based on the voting responses.

18. The system of claim 15 , wherein the voting mechanism is further configured to transmit a second voting request from a seller to the buyers asking the buyers to vote on a second hypothetical offer for the product at a second price from the seller.

19. The system of claim 18 , wherein the voting mechanism is further configured to:

receive voting responses to the second voting request from the buyers;

process voting responses to the first request from buyers together with voting responses to the second voting request from the buyers; and

provide the processed voting responses to the seller.

20. The system of claim 18 , further comprising an auto-responder that receives electronic messages from one or more buyers, and, for each message, parses the message, selects response content based on the parsed message, generates a response using the response content, and automatically provides the generated response to the one or more buyers.

Assignments (3)
CORRECTIVE ASSIGNMENT TO CORRECT THE ASSIGNEE NAME PREVIOUSLY RECORDED AT REEL: 037575 FRAME: 0708. ASSIGNOR(S) HEREBY CONFIRMS THE ASSIGNMENT . Recorded May 4, 2016
From: INTELLECTUAL VENTURES HOLDING 79 LLC
To: INTELLECTUAL VENTURES HOLDING 81 LLC
Reel/Frame 038602/0593 →
MERGER Recorded Jan 25, 2016
From: INTELLECTUAL VENTURES HOLDING 79 LLC
To: INTELLECTUAL VENTURES FUND 81 LLC
Reel/Frame 037575/0708 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Feb 18, 2010
From: VULCAN PORTALS, INC.
To: KASHLESS, INC.
Reel/Frame 023950/0641 →