METHOD AND SYSTEM FOR EVALUATING A CONSUMER PRODUCT BASED ON WEB-SEARCHABLE CRITERIA

1 . A method of generating a value of a product, the method comprising the steps of:

determining indicators representative of manufacturing characteristics of the product;

collecting information associated with the determined indicators from one or more of a plurality of sources in a networked computer system;

parsing the collected information based on predetermined parameters;

selecting a set of data from the parsed information; and

generating the value of the product based on the selected set of data.

2 . The method of claim 1 , wherein the indicators comprise at least one of a manufacturer name, a model, and a type.

3 . The method of claim 1 , wherein the parameters comprise at least one of a product age, a product condition, and a product feature.

4 . The method of claim 1 , further comprising:

generating values for each of a plurality of products that forms an inventory.

5 . The method of claim 4 , further comprising:

generating an analysis comparison of the inventory within a geographical region.

6 . The method of claim 4 , further comprising:

determining a time to sell for the product based on at least one of a time of purchase of the product, seasonality, an inventory level of the product within the region.

7 . The method of claim 5 , further comprising:

determining projected inventory costs of the product based on market analysis, historical data, and cost of storing the product.

8 . The method of claim 7 , further comprising:

generating criteria for an offer acceptance to sell the product based on at least one of historical sales, market demands, and the inventory cost of the product.

9 . The method of claim 7 , further comprising:

generating guidelines on which products to purchase and respective maximum purchase prices in order to maintain current and future positive inventory values.

10 . The method of claim 1 , wherein the value of the product is either a retail value or a wholesale value.

11 . The method of claim 1 , wherein the step of generating the value of the product comprises:

curve-fitting the collected data to generate best-fit value curves or functions; and

deriving the value of the product from the generated curves or functions.

12 . The method of claim 1 , wherein the step of generating the value of the product comprises:

establishing a neural network model from historical data; and

generating the value of the product by plugging the collected data into the neural network model.

13 . The method of claim 11 , wherein the generate value of the product is either a current and future value of the product, provided via interpolations and extrapolations, respectively.

14 . The method of claim 1 , wherein the step of collecting information comprises:

triggering at least one crawler to visit the plurality of sources to locate products characterized by similar indicators.

15 . The method of claim 1 , wherein the determined indicators are from the group consisting of at least one of a manufacturer name, a model, a type, and a feature.

16 . The method of claim 14 , wherein the networked computer system is the Internet and the at least one crawler is a Web crawler.

17 . The method of claim 1 , wherein the generation of the value of the product is based on inventory comparison with that of at least one of the plurality of sources.

18 . A computer readable medium comprising instructions which when executed by a computer system causes the computer to implement a method for generating a value of a product, the method comprising the steps of:

determining indicators representative of manufacturing characteristics of the product;

collecting information associated with the product from one or more of the plurality of sources in a networked system;

parsing the collected information based on predetermined parameters;

selecting a set of data from the parsed information; and

generating the value of the product based on the selected set of data.

19 . A system for performing a method for generating a value of a product, the method comprising the steps of:

at least one processor programmed to determine indicators representative of manufacturing characteristics of the product;

at least one processor programmed to collect information associated with the located product from one or more of the plurality of sources in a networked system;

at least one processor programmed to parse the downloaded information based on predetermined parameters;

at least one processor programmed to select a set of data from the parsed information; and

at least one processor programmed to generate the value of the product based on the selected set of data.