Buyer-driven purchasing loyalty system and method using an electronic network
View Patent ↗Disclosed is a method and system for effectuating a buyer-driven and buyer-executed commerce system. The system allows prospective buyers and sellers of goods and services to anonymously exchange conditional Requests For Bids and Conditional Sales Offers based on the buyer's guaranteed ‘purchasing loyalty’ for a self-defined minimum quantity of goods or services, and/or quality of goods of services and/or the length of time or price to which the buyer would agree to be bound or any combination of those condition's. That buyer guarantee permits a seller to easily pre-determine their offers based on the calculated value of ‘capturing’ that buyer's ‘guaranteed purchasing loyalty’. In a preferred embodiment, the method and system of the present invention includes a controller which receives Requests For Bids from prospective buyers and also receives, stores and displays to prospective buyers, bindable sales proposals from a multitude of prospective sellers. Potential buyers are therefore protected from bidding too much and being bound by the bid before having an opportunity to see what the marketplace has to offer. Further, because only the buyer is permitted to bind a seller, the buyer may submit an RFB more than once, changing any or all of the condition's to which he would agree to be bound in order to explore multiple offers from sellers and to better understand how changing one or more of the conditions affects the offers from the sellers.
1. A method for conducting buyer-driven and buyer-executed electronic commerce transactions, comprising the steps of:
providing a first controller which allows a buyer to specify, via a network, at least one term selected from: quantities the buyer would agree to purchase, minimum qualities the buyer would accept, the length of time to which the buyer would agree to be bound to purchase said quantities containing said minimum qualities, or the maximum or minimum price the buyer would pay;
providing a second controller that allows sellers to specify, via network, conditional sales offers said sellers would agree to be bound by;
generating, based upon said buyer's prior specification of said at least one term, a plurality of mutually created conditional original sales offers to said buyer from a corresponding plurality of sellers, each of said plurality of conditional original sales offers including said at least one term specified by said buyer and at least one term specified by at least one of said plurality of sellers, said at least one term specified by at least one of said plurality of sellers being a term not specified by said buyer, wherein each of said plurality of mutually created conditional original sales offers are binding upon said corresponding plurality of sellers yet not binding upon said buyer;
using said network to transmit at least one of said mutually created conditional original sales offers to said buyer; and,
receiving via said network said buyer's acceptance of said at least one mutually created conditional original sales offer, wherein said buyer has the ability to reject at least one of said mutually created conditional original sales offers, and wherein said acceptance binds said buyer to said at least one mutually created conditional original sales offer;
wherein said first controller and said second controller comprise at least one particular machine, said at least one particular machine comprising at least one physical computing device.
2. The method of claim 1 , further comprising the step of revealing to the seller the buyer's personal or financial information after the buyer accepts at least one original sales offer.
3. The method of claim 1 , wherein the sales offers are conditional upon subsequent approval of the buyer's personal or financial information.
4. The method of claim 1 , wherein the buyer is not bound by the specification of terms.
5. The method of claim 1 , further comprising the step of using the first controller to provide prospective buyers and/or sellers of goods and services the ability to anonymously exchange conditional requests for bids and conditional sales offers prior to the acceptance of a binding offer.
6. The method of claim 1 , wherein said network comprises an electronic network.
7. The method of claim 1 , further comprising:
querying a database for relevant conditional sales offers that match said at least one term specified by said buyer.
8. The method of claim 1 , wherein said first controller and said second controller comprise a single computer.