System and method for offering multiple products
A system and method for a supplier to offer multiple new products to a first person and multiple pre-owned products to a second person are disclosed. The invention includes a method wherein the supplier receives a request from the first person for a first new product. After accepting the first new product, the supplier stores data identifying the first person and data relating to the first new product in a memory of a computer. Thereafter, the second person queries the supplier about a pre-owned product. The supplier searches the memory of the computer to determine whether the data relating to the first new product satisfies the second person's inquiry for the pre-owned product. If so, the supplier transmits an offer for a second new product to the first person based on the data identifying the first person. If the offer is acceptable to the first person, the supplier provides the second new product to the first person and the pre-owned product to the second person.
1. A method, comprising:
storing in an electronic memory and by a computing device, an indication of an initial purchase of a first new product to an initial purchaser on an initial sale date and for a first price, thereby storing an indication of a pre-owned product owned by the initial purchaser after a completion of the initial purchase;
causing, by the computing device, an offer to be output to the initial purchaser, the offer comprising an offer to re-purchase, within a predetermined period of time from the initial sale date, the pre-owned product from the initial purchaser in exchange for a second price that is lower than the first price;
determining an acceptance, by the initial purchaser, of the offer;
determining that the initial purchaser has elected to accept the second price in exchange for the re-purchase of the pre-owned product within the pre-determined period of time;
facilitating, by the computing device, a provision to the initial purchaser of a payment of the second price in exchange for the pre-owned product; and
facilitating, by the computing device, a re-sale of the pre-owned product to a subsequent purchaser in exchange for a third price that is lower than the first price and higher than the second price.
2. The method of claim 1 , further comprising determining whether the pre-owned product is available for re-sale to the subsequent purchaser based at least in part on one or more of: (i) a term negotiated between a supplier of the pre-owned product and the initial purchaser at a time of the initial purchase of the pre-owned product; (ii) a term specified by a supplier of the pre-owned product; (iii) an elapsed time since the initial purchase of the pre-owned product by the initial purchaser; (iv) an availability of a second new product which may be sold to the initial purchaser as a replacement to the pre-owned product, and (v) a value associated with the second new product.
3. The method of claim 1 , further comprising storing data associated with the pre-owned product and the subsequent purchaser in the database.
4. The method of claim 1 , further comprising:
facilitating a sale to the initial purchaser of a second new product as a replacement to the pre-owned product; and
storing data associated with the second new product and the initial purchaser in the electronic memory.
5. The method of claim 1 , further comprising receiving a query from the subsequent purchaser to purchase a product which matches the pre-owned product.
6. The method of claim 1 , wherein the query comprises a request for information regarding a selling price of the pre-owned product.
7. The method of claim 1 , wherein the second price is a price that comprises a difference between a value associated with the pre-owned product and a selling price of a second new product which may be sold to the initial purchaser as a replacement to the pre-owned product.
8. The method of claim 7 , wherein the value associated with the pre-owned product comprises a fair market value.
9. The method of claim 8 , further comprising: determining a condition of the pre-owned product.
10. The method of claim 9 , wherein the fair market value is based at least in part the condition of the pre-owned product.
11. A system, comprising:
a processor; and
a storage device in communication with said processor and storing instructions adapted to be executed by said processor to:
store in an electronic memory an indication of an initial purchase of a first new product to an initial purchaser on an initial sale date and for a first price, thereby storing an indication of a pre-owned product owned by the initial purchaser after a completion of the initial purchase;
cause an offer to be output to the initial purchaser, the offer comprising an offer to re-purchase, within a predetermined period of time from the initial sale date, the pre-owned product from the initial purchaser in exchange for a second price that is lower than the first price;
determine an acceptance, by the initial purchaser, of the offer;
determine that the initial purchaser has elected to accept the second price in exchange for the re-purchase of the pre-owned product within the pre-determined period of time;
facilitate a provision to the initial purchaser of a payment of the second price in exchange for the pre-owned product; and
facilitate a re-sale of the pre-owned product to a subsequent purchaser in exchange for a third price that is lower than the first price and higher than the second price.
12. A non-transitory medium storing instructions adapted to be executed by a processor to:
store in an electronic memory an indication of an initial purchase of a first new product to an initial purchaser on an initial sale date and for a first price, thereby storing an indication of a pre-owned product owned by the initial purchaser after a completion of the initial purchase;
cause an offer to be output to the initial purchaser, the offer comprising an offer to re-purchase, within a predetermined period of time from the initial sale date, the pre-owned product from the initial purchaser in exchange for a second price that is lower than the first price;
determine an acceptance, by the initial purchaser, of the offer;
determine that the initial purchaser has elected to accept the second price in exchange for the re-purchase of the pre-owned product within the pre-determined period of time;
facilitate a provision to the initial purchaser of a payment of the second price in exchange for the pre-owned product; and
facilitate a re-sale of the pre-owned product to a subsequent purchaser in exchange for a third price that is lower than the first price and higher than the second price.
13. A system, comprising:
a processor; and
a storage device in communication with said processor and storing instructions adapted to be executed by said processor to:
store in an electronic memory an indication of an initial purchase of a first new product to an initial purchaser on an initial sale date and for a first price, thereby storing an indication of a pre-owned product owned by the initial purchaser after a completion of the initial purchase;
cause an offer to be output to the initial purchaser, the offer comprising an offer to re-purchase, within a predetermined period of time from the initial sale date, the pre-owned product from the initial purchaser in exchange for a second price that is lower than the first price;
determine an acceptance, by the initial purchaser, of the offer;
determine that the initial purchaser has elected to accept the second price in exchange for the re-purchase of the pre-owned product within the pre-determined period of time;
facilitate a provision to the initial purchaser of a payment of the second price in exchange for the pre-owned product; and
facilitate a re-sale of the pre-owned product to a subsequent purchaser in exchange for a third price that is lower than the first price and higher than the second price.