Promoting offers through social network influencers
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United States of America Patent
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Dec 31, 2013
Grant Date -
Dec 6, 2012
app pub date -
Aug 13, 2012
filing date -
May 12, 1999
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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