IP Library Granted Patent US 8,650,090
Granted Patent B2
US 8,650,090 · App. 13/366,625 · Granted Feb 11, 2014

Methods and systems for selling a product/service before or during a first purchase in an electronic marketplace

Inventor: Andrew Altschuler (Miami, FL)
Assignee: Exp Commerce Dot Com Ltd.
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Quick Facts
Patent No.
US 8,650,090
App. No.
13/366,625
Granted
Feb 11, 2014
Kind
B2
Abstract

A system and method for turning a buyer into a prospective seller in an electronic marketplace. After the buyer enters into a binding agreement to purchase an item, the buyer is provided with an option of re-listing the purchased item for resale. The purchased item is re-listed if the buyer opts to re-list it. An ecommerce listing to sell the purchased item is automatically generated based on the previous listing. The user only needs to provide the selling price to complete the listing. The purchased item can be re-listed in the same marketplace where the item was purchased or in a different marketplace.

Claims (30)

1. A computer implemented method for a buyer to sell a product/service prior to purchasing the product/service in an electronic marketplace, comprising the steps of:

querying the buyer of the product/service in a buy/sell transaction to sell the product/service in the electronic marketplace before the buyer purchases the product/service via a client device associated with the buyer by a creation module of a server managing the electronic marketplace over a communications network;

relisting the product/service for resale on behalf of the buyer by a listing module of the server in the electronic marketplace before the buyer completes the buy/sell transaction to purchase the product/service from the seller; and

processing a buy/sell transaction of the product/service between the buyer and another buyer by a transaction module of the server before the buyer completes the buy/sell transaction to purchase the product/service from the seller, thereby facilitating current or future sale of the product/service before the buyer purchases the product/service.

2. The method of claim 1 , further comprising the step of receiving a request to purchase the product/service from a client device associated with another buyer by the transaction module of the server over the communications network.

3. The method of claim 1 , further comprising the step of storing the request to sell the product/serviced received from the client device associated with the buyer in a database.

4. The method of claim 1 , further comprising the step of receiving a request to relist the product/service from the client device associated with the buyer by the listing module of the server over the communications network.

5. A computer implemented method for a buyer to sell a product/service during a purchase of the product/service in an electronic marketplace, comprising the steps of:

querying the buyer during a buy/sell transaction of the product/service in the electronic marketplace to sell the product/service via a client device associated with the buyer by a creation module of a server managing the electronic marketplace over a communications network;

relisting the product/service for resale on behalf of the buyer by a listing module of the server in the electronic marketplace before or during the buyer's purchase of the product/service from the seller; and

processing a buy/sell transaction of the product/service between the buyer and another buyer by a transaction module of the server before or during the buyer's purchase of the product/service from the seller, thereby facilitating current or future sale of the product/service during the buyer's buy/sell transaction of the product/service.

6. The method of claim 5 , further comprising the step of receiving a request to purchase the product/service from a client device associated with another buyer by the transaction module of the server over the communications network.

7. The method of claim 5 , further comprising the step of storing the request to sell the product/serviced received from the client device associated with the buyer in a database.

8. The method of claim 5 , further comprising the step of receiving a request to relist the product/service from the client device associated with the buyer by the listing module of the server over the communications network.

9. A non-transitory computer readable medium comprising computer executable code for a buyer to sell a product/service prior to or during a purchase of the product/service in an electronic marketplace, the code comprising instructions for:

querying the buyer of the product/service in a buy/sell transaction in the electronic marketplace to sell the product/service before or during the buyer's purchase of the product/service via a client device associated with the buyer by a creation module of a server managing the electronic marketplace over a communications network;

relisting the product/service for resale on behalf of the buyer by a listing module of the server in the electronic marketplace before or during the buyer's purchase of the product/service from the seller; and

processing a buy/sell transaction of the product/service between the buyer and another buyer by a transaction module of the server before or during the buyer's purchase of the product/service from the seller, thereby facilitating current or future sale of the product/service before the buyer completes the purchase of the product/service.

10. The computer readable medium of claim 9 , wherein said computer executable code further comprises instructions for receiving a request to purchase the product/service from a client device associated with another buyer by the transaction module of the server over the communications network.

11. The computer readable medium of claim 9 , wherein said computer executable code further comprises instructions for storing the request to sell the product/serviced received from the client device associated with the buyer in a database.

12. The computer readable medium of claim 9 , wherein said computer executable code further comprises instructions for receiving a request to relist the product/service from the client device associated with the buyer by the listing module of the server over the communications network.

13. A system for a buyer to sell a product/service prior to or during a purchase of the product/service in an electronic marketplace, comprising:

a plurality of client devices connected to a communications network, each client device associated with a unique user; and

a server connected to the communications network and for managing the electronic marketplace, the server comprising:

a creation module for querying a buyer of the product/service in a buy/sell transaction to sell the product/service in the electronic marketplace via a client device associated with the buyer over the communications network; and

a listing module for relisting the product/service for resale in the electronic marketplace before or during the buyer's purchase of the product/service from the seller; and

a transaction module for processing a buy/sell transaction of the product/service between the buyer and another buyer before or during the buyer's purchase of the product/service from the seller, thereby facilitating current or future sale of the product/service before the buyer completes the purchase of the product/service.

14. The system of claim 13 , wherein the transaction module receives a request to purchase the product/service from a client device associated with another buyer over the communications network.

15. The system of claim 13 , further comprising a database for storing the request to sell the product/serviced received from the client device associated with the buyer in a database.

16. The system of claim 13 , wherein the listing module receives a request to relist the product/service from the client device associated with the buyer over the communications network.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded May 20, 2013
From: ALTSCHULER, ANDREW
To: EXP COMMERCE DOT COM LTD.
Reel/Frame 030444/0618 →
Continuity (4)
Continuation 13155353 · Jun 7, 2011
Continuation 11789666 · Apr 24, 2007
Provisional Application 60794793 · Apr 24, 2006
Related Publication 20120143710A1 · Jun 7, 2012