ENHANCING REVENUE OF A RETAILER BY MAKING A RECOMMENDATION TO A CUSTOMER
A retailer's revenue may be enhanced by recommending items in context of a specific collection built for a customer's specific preferences. Customer input that pertains to their previously purchased items and future preferences is received. The input that pertains to the customer is analyzed. A recommendation for the customer is dynamically generated that includes a collection of coordinated items that provides a personalized ensemble based on the input.
1 . A method of enhancing a retailer's revenue, the method comprising:
providing a collection recommendation system to the retailer, wherein the collection recommendation system is for dynamically generating personalized recommendations for different customers of the retailer.
2 . The method as recited by claim 1 , wherein the method further comprises:
receiving information that one or more customers supplied to the collection recommendation system; and
generating insights for the retailer based on the customer supplied information.
3 . The method as recited by claim 2 , wherein the method further comprises:
using the insights as a part of designing what items to manufacture for one or more subsequent seasons.
4 . The method as recited by claim 1 , wherein the method further comprises:
a credit card financing business providing the collection recommendation system to the retailer.
5 . The method as recited by claim 1 , wherein the method further comprises:
receiving information pertaining to the customers when the customers apply for credit cards.
6 . The method as recited by claim 5 , wherein the credit cards have labels for the retailer.
7 . The method as recited by claim 1 , wherein the method further comprises:
providing the collection recommendation system to a plurality of retailers; and
receiving information pertaining to customers for the plurality of retailers upon application for credit cards.
8 . The method as recited by claim 1 , wherein the method further comprises:
charging the retailer a fee for the collection recommendation system.
9 . The method as recited by claim 8 , wherein the fee is selected from a group consisting of a fee for using the collection recommendation system and a fee for buying the collection recommendation system.
10 . The method as recited by claim 1 , wherein the method further comprises:
motivating customers to purchase additional items by presenting personalized recommendations to the customers; and
automatically increasing revenues of a system providing business that provided the collection recommendation system to the retailer through the additional items purchased without charging a fee.
11 . The method as recited by claim 1 , wherein the method further comprises:
increasing revenues of a system providing business that provided the collection recommendation system to the retailer using a combination of a fee based business model and a no fee business model.