Method for Incentivizing Network-Connected Consumers Patronizing a Network-Hosted Shopping Site
A method for incentivizing network-connected consumers patronizing a network-hosted shopping site includes the steps (a) establishing a ratio between points and monetary credit, (b) assigning points to individual product representations, product groupings, and web-based actions performed by consumers, (c) creating point value accounts for qualified consumers, (d) tracking actions and transactions completed by consumers, (e) calculating accounting data relative to point accumulation and consumption by consumers resulting from the actions and transactions of step (d), and (f) displaying the data in summary form to consumers.
1 . A method for incentivizing network-connected consumers patronizing a network-hosted shopping site comprising the steps:
(a) establishing a ratio between points and monetary credit;
(b) assigning points to individual product representations, product groupings, and web-based actions performed by consumers;
(c) creating point value accounts for qualified consumers;
(d) tracking actions and transactions completed by consumers;
(e) calculating accounting data relative to point accumulation and consumption by consumers resulting from the actions and transactions of step (d); and
(f) displaying the data in summary form to the consumers.
2 . The method of claim 1 , wherein the network is the Internet network.
3 . The method of claim 1 , wherein in step (a), monetary credit is expressed in US currency.
4 . The method of claim 1 , wherein in step (b), individual product representations are denoted by stock keeping units (SKUs).
5 . The method of claim 1 , wherein in step (b), the product groupings are logical groupings of product representations.
6 . The method of claim 1 , wherein in step (b), web-based actions include completing transactions, member referrals, consumer registrations, consumer video appearances, consumer reviews, and consumer navigation tasks.
7 . The method of claim 1 , wherein in step (c), the created accounts are linked to one or more consumer interfacing applications operated by identified consumers.
8 . The method of claim 1 , wherein in step (d), actions and transactions are tracked in real time as they occur.
9 . The method of claim 1 , wherein in step (e), the data is rendered in objective fashion in cases of actual actions and transactions completed, and in predictive fashion in cases of contemplated actions and transactions.
10 . The method of claim 1 , wherein in step (f), the data is displayed in one or more of a Website, a video, a product page, a checkout page, a popup notification and, an electronic message.
11 . A system for incentivizing network-connected consumers patronizing a network-hosted shopping site comprising:
an Internet-connected server;
software executing on the server from a non-transitory physical medium, the software providing functions for:
tracking web-based actions completed by consumers;
calculating account data relative to accumulation and consumption by consumers of points equated to monetary credit, the points assigned in specified amounts to individual product representations, product groupings, and web-based actions; and
displaying the data in summary form to consumers.
12 . The system of claim 11 , wherein monetary credit is expressed in US currency.
13 . The system of claim 11 , wherein web-based actions include completing transactions, member referrals, consumer registrations, consumer video appearances, consumer reviews, and consumer navigation tasks.
14 . The system of claim 11 , wherein the data is displayed in one or more consumer interfacing applications operated by identified consumers.
15 . The system of claim 11 , wherein the web-based actions and transactions are tracked in real time as they occur.
16 . The system of claim 11 , wherein individual product representations are denoted by stock keeping units (SKUs).
17 . The system of claim 11 , wherein the product groupings are logical groupings of product representations.
18 . The system of claim 14 , wherein the consumer interfacing applications include one or more of a Website, a video, a product page, a checkout page, a popup notification and, an electronic message.
19 . The system of claim 11 , wherein the software includes a further function for calculating account data relative to accumulation and consumption by consumers of points equated to monetary credit, the points assigned in specified amounts to individual product representations, product groupings, and web-based actions that are contemplated, but not yet undertaken, the calculation serving as an ordered prediction of monetary credit relative to the contemplated web-based actions.
20 . The system of claim 19 , wherein the web-based actions are contemplated transactions to purchase one or more products.