Method and apparatus for generating a sale offer over an electronic network system
Computer-implemented systems and methods are provided for presenting sale offers over an electronic network system. In one implementation, a method may comprise storing, in a database, a sale offer including terms to purchase a good or service at a predetermined offer price. The method may also comprise setting parameters for presenting the sale offer, the parameters including a limited time period during which the sale offer may be accepted, and an available quantity of the offered good or service. Further, the method may include presenting the sale offer to an individual who visits at least one web site accessible over the electronic network system, at least one of the limited time period for accepting the sale offer or the available quantity of the offered good or service being unpredictable to the individual.
1. A computer-implemented method for presenting sale offers to individuals over an electronic network system, the method comprising:
storing, in a database, a sale offer including terms to purchase a good or service at a predetermined offer price, the predetermined offer price being a discounted price less than a market value of the offered good or service in a commercial marketplace;
setting, using at least one processor, parameters for presenting the sale offer, the parameters specifying a limited time period during which the sale offer may be accepted over the electronic network system, an available quantity of the good or service for the sale offer, and information for targeting a group of individuals for receiving the sale offer over the electronic network system;
presenting, based on the parameters and at a time unpredictable to the targeted group of individuals, the sale offer to an individual who visits at least one web site accessible over the electronic network system, the individual matching the targeted group of individuals, at least one of the limited time period for accepting the sale offer or the available quantity of the good or service for the sale offer being unpredictable to the individual;
completing, after presenting the sale offer to the individual over the electronic network system, a sale of the offered good or service in response to an acceptance of the sale offer by the individual matching the targeted group of individuals, the acceptance being communicated from the individual within the limited time period and before the available quantity of the good or service for the sale offer is sold out; and
offsetting costs associated with providing the offered good or service at the discounted price based on revenue generated from the at least one web site accessible over the electronic network system.
2. The method of claim 1 , wherein the discounted price is less than a cost involved in providing the product or service.
3. The method of claim 1 , wherein the discounted price is essentially free.
4. The method of claim 1 , further comprising:
displaying, over the electronic network system, an amount of time remaining for accepting the sale offer based on the limited time period included in the parameters.
5. The method of claim 1 , wherein the parameters further specify a limited duration for accepting the sale offer based on the available quantity of the good or service for the sale offer.
6. The method of claim 1 , wherein the sale offer is presented to the individual matching the targeted group of individuals at a random time.
7. The method of claim 1 , wherein the discounted price is set to a value that increases the probability of acceptance of the sale offer.
8. The method of claim 1 , wherein the discounted price is set to increase traffic to the at least one web site accessible over the electronic network system.
9. The method of claim 1 , wherein offsetting costs associated with providing the offered good or service at the discounted price reduces risk on the seller of the goods or services.
10. The method of claim 1 , further comprising:
notifying the individual of the limited time period.
11. The method of claim 1 , further comprising:
collecting payment information from the individual and providing an identifier to verify payment for the completed sale.
12. The method of claim 1 , wherein the information for targeting the group of individuals specifies at least one of a location or a buying frequency.
13. A computerized system for presenting sale offers to individuals over an electronic network system; the system comprising:
a database that stores a sale offer including terms to purchase a good or service at a predetermined offer price, the predetermined offer price being a discounted price less than a market value of the offered good or service in a commercial marketplace; and
one or more processors that are in communication with the database for:
setting parameters for presenting the sale offer stored in the database, the parameters specifying a limited time period during which the sale offer may be accepted over the electronic network system, an available quantity of the good or service for the sale offer, and information for targeting a group of individuals for receiving the sale offer over the electronic network system;
presenting, based on the parameters and at a time unpredictable to the targeted group of individuals, the sale offer to an individual who visits the at least one web site accessible over the electronic network system, the individual matching the targeted group of individuals, at least one of the limited time period for accepting the sale offer or the available quantity of the good or service for the sale offer being unpredictable to the individual;
completing, after presenting the sale offer to the individual over the electronic network system, a sale of the offered good or service in response to an acceptance of the sale offer by the individual matching the targeted group of individuals, the acceptance being communicated from the individual within the limited time period and before the available quantity of the good or service for the sale offer is sold out; and
offsetting the costs associated with providing the offered good or service at the discounted price based on revenue generated from at least one web site accessible over the electronic network system.
14. The system of claim 13 , wherein the discounted price is less than a cost involved in providing the product or service.
15. The system of claim 13 , wherein the discounted price is essentially free.
16. The system of claim 13 , wherein the at least one web site displays to the individual an amount of time remaining for accepting the sale offer.
17. The system of claim 13 , wherein the parameters further specify a limited duration for accepting the sale offer based on the available quantity of the good or service for the sale offer.
18. The system of claim 13 , wherein the sale offer is presented to the individual matching the targeted group of individuals at a random time.
19. The system of claim 13 , wherein the discounted price is set to a value that increases the probability of acceptance of the sale offer.
20. The system of claim 13 , wherein the discounted price is set to increase traffic to the at least one web site accessible over the electronic network system.
21. The system of claim 13 , wherein offsetting costs associated with providing the offered good or service at the discounted price reduces risk on the seller of the goods or services.
22. The system of claim 13 , wherein the one or more processors are further for:
providing a notification of the limited time period to the individual on the at least one web site.
23. The system of claim 13 , wherein the one or more processors are further for:
collecting payment information from the individual and provide an identifier to verify payment for the completed sale.
24. The system of claim 13 , wherein the information for targeting the group of individuals specifies at least one of a location or a buying frequency.
25. A non-transitory computer-readable medium storing a set of instructions, executable by at least one processor, to cause the at least one processor to perform a method for presenting sale offers to individuals over an electronic network system, the method comprising:
storing, in a database, a sale offer including terms to purchase a good or service at a predetermined offer price, the predetermined offer price being a discounted price less than a market value of the offered good or service in a commercial marketplace;
setting parameters for presenting the sale offer, the parameters specifying a limited time period during which the sale offer may be accepted over the electronic network system, an available quantity of the good or service for the sale offer, and information for targeting a group of individuals for receiving the sale offer over the electronic network system;
presenting, based on the parameters and at a time unpredictable to the targeted group of individuals, the sale offer to an individual who visits at least one web site accessible over the electronic network system, the individual matching the targeted group of individuals, at least one of the limited time period for accepting the sale offer or the available quantity of the good or service for the sale offer being unpredictable to the individual;
completing, after presenting the sale offer to the individual over the electronic network system, a sale of the offered good or service in response to an acceptance of the sale offer by the individual matching the targeted group of individuals, the acceptance being communicated from the individual within the limited time period and before the available quantity of the good or service for the sale offer is sold out; and
offsetting costs associated with providing the offered good or service at the discounted price based on revenue generated from the at least one web site accessible over the electronic network system.
26. The computer-readable medium of claim 25 , wherein the discounted price is less than a cost involved in providing the product or service.
27. The computer-readable medium of claim 25 , wherein the discounted price is essentially free.
28. The computer-readable medium of claim 25 , wherein the set of instructions further cause the at least one processor to perform the following step:
displaying, over the electronic network system, an amount time remaining for accepting the sale offer based on the limited time period included in the parameters.
29. The computer-readable medium of claim 25 , wherein the parameters further specify a limited duration for accepting the sale offer based on the available quantity of the good or service for the sale offer.
30. The computer-readable medium of claim 25 , wherein the sale offer is presented to the individual matching the targeted group of individuals at a random time.
31. The computer-readable medium of claim 25 , wherein the discounted price is set to a value that increases the probability of acceptance of the sale offer.
32. The computer-readable medium of claim 25 , wherein the discounted price is set to increase traffic to the at least one web site accessible over the electronic network system.
33. The computer-readable medium of claim 25 , wherein offsetting costs associated with providing the offered good or service at the discounted price reduces risk on the seller of the goods or services.
34. The computer-readable medium of claim 25 , wherein the set of instructions further cause the at least one processor to perform the following step:
notifying the individual of the limited time period.
35. The computer-readable medium of claim 25 , wherein the set of instructions further cause the at least one processor to perform the following step:
collecting payment information from the individual and providing an identifier to verify payment for the completed sale.
36. The computer-readable medium of claim 25 , wherein the information for targeting the group of individuals specifies at least one of a location or a buying frequency.