System and method for enhancing buyer and seller interaction during a group-buying sale
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United States of America Patent
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Jul 16, 2013
Grant Date -
N/A
app pub date -
Mar 19, 2008
filing date -
Jun 19, 2000
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method and system are provided that enable buyers and sellers to communicate with each other and to negotiate the purchase terms of featured merchandise in a group-buying opportunity. Sellers and buyers may use various forms of on-line group-buying mechanisms in conjunction with the negotiation features of the invention. Buyers may send various inquiries to sellers regarding merchandise offered for sale through the online group-buying sale. Sellers may respond to buyer questions and queries, and in some instances, sellers may communicate instructions to the on-line group-buying mechanism to alter the course of an on-line group-buying sale in progress, e.g., a further reduction in price. The method and system further provides a mechanism for calculating a demand curve based on received buyer offers and applying the demand curve to an on-line group-buying sale.
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