Social pricing
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Mar 20, 2012
Grant Date -
N/A
app pub date -
May 27, 2010
filing date -
Aug 6, 2001
priority date (Note) -
In Force
status (Latency Note)
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Abstract
Mechanisms are provided to facilitate buying and selling products utilizing social pricing. Sellers initiate sale of a product with volume discounts for a limited time. In other words, the more people that buy a product, the lower the price for the group. Buyers have a real incentive to become prosumers that not only purchase a product but also promote purchase by others. A social pricing system brokers interaction between sellers and buyer groups, and provisions mechanisms to aid promotion of products by consumers utilizing social networks and other online activities.
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