Real-time offers and dynamic price adjustments presented to mobile devices
The demand aggregation system includes deal room sponsored by a third party host. The third party host facilitates commercial transactions between a plurality of buyers and at least one seller. In exchange for sponsorship of such a deal room, the third party host can receive an incentive such as a percentage of sales, seller discount or the like. Furthermore, mechanisms are provided to aid discovery of sellers and/or offers that can be included in a group buying event for a buying group. The buying group receives a greater discount as the total purchase amount in the group buying event increases.
1. A non-transitory computer readable storage medium having embodied thereon computer executable instructions, the instructions being executable by a processor to perform a method for:
tracking a current purchasing volume associated with a live offer for a product or service provided by a first merchant;
tracking an offer price;
tracking a time associated with a purchase;
receiving updated information related to a live offer for a similar product or service from a second merchant, wherein the updated information triggers an automatic price adjustment to the offer provided by the first merchant and wherein the updated information includes a quantity purchased over a set period of time;
verifying resource availability data associated with the first merchant, wherein the resource availability data indicates at least one of a real time spare capacity or inventory of a product or service provided by the first merchant that is expressed numerically, and a time period associated with the spare capacity or available inventory;
determining at least one suitable recipient of the offer for the product or service based upon information associated with a set of buyer profiles; and
providing the offer to the at least one suitable recipient by way of a mobile device associated with the at least one suitable recipient.
2. The non-transitory computer readable storage medium of claim 1 , wherein the price adjustment is an increase in the price.
3. The non-transitory computer readable storage medium of claim 1 , wherein the price adjustment is a discounted price.
4. The non-transitory computer readable storage medium of claim 3 , wherein the discounted price is contingent upon acceptance of the offer for the product or service with spare capacity by a predetermined number of suitable recipients or by an aggregate volume received within a displayed time period.
5. The non-transitory computer readable storage medium of claim 3 , wherein the updated information includes real-time information associated with the live offer for a similar product or service from the second merchant.
6. The non-transitory computer readable storage medium of claim 3 , wherein the trigger is set by the second merchant.
7. The non-transitory computer readable storage medium of claim 1 , wherein the trigger is set by a seller of the good or service and is influenced by purchases over time of at least one product or service recipient.
8. The non-transitory computer readable storage medium of claim 1 , wherein the determination of the suitable recipient includes a consideration of a transaction history in the buyer profile.
9. The non-transitory computer readable storage medium of claim 1 , wherein the buyer profile information includes demographics data in the buyer profile and a stored preference associated with a buyer.
10. The non-transitory computer readable storage medium of claim 1 , wherein the buyer profile information includes location information included in the buyer profile updated by way of a mobile device associated with a buyer.
11. The non-transitory computer readable storage medium of claim 1 , wherein the buyer profile information includes a search related to a product or service category of interest as indicated by a buyer.
12. The non-transitory computer readable storage medium of claim 1 , wherein the buyer profile includes an updated location associated with a mobile device of a buyer and a visual representation of at least one interested party.
13. The non-transitory computer readable storage medium of claim 1 , wherein the at least one suitable recipient may accept the offer and provide payment information through a registered account.
14. The non-transitory computer readable storage medium of claim 1 , wherein the offer is transmitted to a third-party account associated with the suitable recipient.
15. The non-transitory computer readable storage medium of claim 1 , wherein the updated information related to a live offer includes information related to a purchase volume.
16. The non-transitory computer readable storage medium of claim 1 , wherein the updated information related to a live offer includes information related to updated purchases.
17. The non-transitory computer readable storage medium of claim 1 , wherein the mobile device associated with the at least one suitable recipient is a wearable device.
18. The non-transitory computer readable storage medium of claim 17 , wherein the wearable device is a watch.
19. A computer-implemented method, the method comprising:
executing computer readable instructions stored in a non-transitory computer readable storage medium to:
track a current purchasing volume associated with a live offer for a product or service provided by a first merchant, tracking an offer price;
track a time associated with a purchase;
receive updated information related to a live offer for a similar product or service from a second merchant, wherein the updated information triggers an automatic price adjustment to the offer provided by the first merchant and wherein the updated information includes a quantity purchased over a set period of time, the instructions executed by use of a processing device;
executing computer readable instructions stored in a non-transitory computer readable storage medium to:
verify resource availability data associated with the first merchant, wherein the resource availability data indicates at least one of a real time spare capacity or inventory of a product or service provided by the first merchant that is expressed numerically, and
a time period associated with the spare capacity or available inventory;
executing computer readable instructions stored in a non-transitory computer readable storage medium to examine a set of buyer profiles for identifying at least one suitable recipient of the offer for the product or service based upon information associated with a set of buyer profiles, the instructions executed by use of a processing device;
executing computer readable instructions stored in a non-transitory computer readable storage medium to provide the offer to the at least one suitable recipient by way of a mobile device associated with the at least one suitable recipient, the instructions executed by use of a processing device.
20. The computer-implemented method of claim 19 , wherein the offer includes a price for the product or service that differs from a market price for the product or service offered by the merchant.
21. The computer-implemented method of claim 19 , wherein a price included in the offer for the product or service varies depending on a status of the at least one suitable recipient from amongst a group of suitable recipients.
22. The computer-implemented method of claim 19 , wherein a price included in the offer for the product or service varies depending on a behavior of the at least one suitable recipient from amongst a group of suitable recipients.
23. The computer-implemented method of claim 19 , wherein a price included in the offer for the product or service is contingent upon a predetermined number of suitable recipients accepting the offer for the product or service or by an aggregate volume.
24. The computer-implemented method of claim 19 , wherein a price included in the offer for the product or service is contingent upon the at least one suitable recipient accepting the offer for the product or service within a predetermined time specified in the offer.
25. The computer-implemented method of claim 19 , wherein a price included in the offer for the product or service is contingent upon the at least one suitable recipient accepting the offer for the product or service during a time in which a spare capacity condition exists for the merchant.
26. The computer-implemented method of claim 19 , further comprising determining the at least one suitable recipient based upon a transaction stored in the buyer profile.
27. The computer-implemented method of claim 19 , further comprising determining the at least one suitable recipient based upon demographic data stored in the buyer profile.
28. The computer-implemented method of claim 19 , further comprising determining the at least one suitable recipient based upon a location of the suitable recipient stored in the buyer profile.
29. The computer-implemented method of claim 19 , further comprising determining the at least one suitable recipient based upon activity associated with the suitable recipient.
30. The computer-implemented method of claim 19 , further comprising determining the at least one suitable recipient based upon a set of contacts associated with the suitable recipient.
31. The computer-implemented method of claim 19 , further comprising determining the at least one suitable recipient based upon activity associated with a contact included in a set of contacts of the at least one suitable recipient.
32. A non-transitory computer readable storage medium having embodied thereon computer executable instructions, the instructions being executable by a processor to perform a method for:
tracking a current purchasing volume associated with a live offer for a product or service provided by a first merchant;
tracking an offer price;
tracking a time associated with a purchase;
receiving updated information related to a live offer for a similar product or service from a second merchant, wherein the updated information triggers an automatic price adjustment to the offer provided by the first merchant and the updated information includes a quantity purchased over a set period of time;
verifying resource availability data associated with the first merchant, wherein the resource availability data:
indicates at least one of a real time spare capacity or inventory of a product or service provided by the first merchant that is expressed numerically, and a time period associated with the spare capacity or available inventory,
indicates current excess capacity or inventory of a product or service offered by the first merchant;
examining a set of buyer profiles;
determining at least one eligible recipient of the offer for the product or service with current excess capacity based upon the examined set of buyer profiles; and
delivering an offer based upon the resource availability data, the offer provided to the at least one eligible recipient by way of a mobile device associated with the at least one suitable recipient.
33. A non-transitory computer readable storage medium having embodied thereon computer executable instructions, the instructions being executable by a processor to perform a method for:
tracking a current purchasing volume associated with a live offer for a product or service provided by a first merchant;
tracking an offer price;
tracking a time associated with a purchase;
receiving updated information related to a live offer for a similar product or service from a second merchant, wherein the updated information triggers an automatic price adjustment to the offer provided by the first merchant and wherein the updated information includes information related to a purchase volume;
verifying resource availability data associated with the first merchant, wherein the resource availability data indicates at least one of a real time spare capacity or inventory of a product or service provided by the first merchant that is expressed numerically, and a time period associated with the spare capacity or available inventory;
determining at least one suitable recipient of the offer for the product or service based upon information associated with a set of buyer profiles; and
providing the offer to the at least one suitable recipient by way of a mobile device associated with the at least one suitable recipient.
34. The non-transitory computer readable storage medium of claim 33 , wherein the price adjustment is an increase in the price.
35. The non-transitory computer readable storage medium of claim 33 , wherein the price adjustment is a discounted price.
36. The non-transitory computer readable storage medium of claim 35 , wherein the discounted price is contingent upon acceptance of the offer for the product or service with spare capacity by a predetermined number of suitable recipients or by an aggregate volume received within a displayed time period.
37. The non-transitory computer readable storage medium of claim 35 , wherein the updated information includes real-time information associated with the live offer for a similar product or service from the second merchant.
38. The non-transitory computer readable storage medium of claim 35 , wherein the trigger is set by the second merchant.
39. The non-transitory computer readable storage medium of claim 33 , wherein the trigger is set by a seller of the good or service and is influenced by purchases over time of at least one product or service recipient.
40. The non-transitory computer readable storage medium of claim 33 , wherein the determination of the suitable recipient includes a consideration of a transaction history in the buyer profile.
41. The non-transitory computer readable storage medium of claim 33 , wherein the buyer profile information includes demographics data in the buyer profile and a stored preference associated with a buyer.
42. The non-transitory computer readable storage medium of claim 33 , wherein the buyer profile information includes location information included in the buyer profile updated by way of a mobile device associated with a buyer.
43. The non-transitory computer readable storage medium of claim 33 , wherein the buyer profile information includes a search related to a product or service category of interest as indicated by a buyer.
44. The non-transitory computer readable storage medium of claim 33 , wherein the buyer profile includes an updated location associated with a mobile device of a buyer and a visual representation of at least one interested party.
45. The non-transitory computer readable storage medium of claim 33 , wherein the updated information includes a quantity purchased over a set period of time.
46. The non-transitory computer readable storage medium of claim 45 , wherein the at least one suitable recipient may accept the offer and provide payment information through a registered account.
47. The non-transitory computer readable storage medium of claim 33 , wherein the offer is transmitted to a third-party account associated with the suitable recipient.
48. The non-transitory computer readable storage medium of claim 33 , wherein the updated information related to a live offer includes information related to updated purchases.
49. The non-transitory computer readable storage medium of claim 33 , wherein the mobile device associated with the at least one suitable recipient is a wearable device.
50. The non-transitory computer readable storage medium of claim 49 , wherein the wearable device is a watch.