Vulcan Portals Inc.

Intellectual Ventures Holding 79 LLC

Vulcan Inc.

Dale A Woodford

Tom Van Horn

Richard V Halbert

Kevin Dean Wampler

Niklas Gustafsson

Jerome P Pache

Greg C Dean

Richard A Halbert

Jon C Engman

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.

System and method for enhancing buyer and seller interaction during a group-buying sale

A method and system are provided that enable partner sites to join in the sale of products/services via an on-line group-buying sale business method. A seller registers a list of products/services to be displayed on partner sites. Customers/visitors who access partner sites may link to one or more on-line group-buying sales conducted on an owner's main site. Accordingly, the method and system enable a super demand aggregation for products/services offered for sale by the on-line group-buying sale business method. The invention provides a partner menu tree that allows partners to pre-select products/categories for display to customers linking to the on-line group-buying sale from their partner site. Sellers may provide particular products, services, categories, and abstract terms to help partners select which products/services to display for customers from among all the on-line group-buying sale products/services. The invention has applicability to sales paradigms other than the on-line group-buying sale business method.

System and method for extension of group buying throughout the internet

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 on-line 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.

In the definition of an on-line group-buying sale (), a price of a featured item may be specified as a fixed amount, such as $25 per month. As indicated at (), the salehas an increasing incentive as more buyers () join the sale. Buyers () make offers as indicated at (). As more buyers () make offers below a maximum threshold, the on-line group-buying sale software () increases the incentive as indicated at (). At the conclusion of the sale (), the on-line group-buying sale software () confirms acceptance of all offers specifying an incentive at or below the final, increased incentive in the sale (), as indicated at (). The modified pricing on-line group-buying sale can be applied to a variety of featured items, such as long distance calling plans, rebates for the purchase of an automobile, bank certificates of deposit, or credit instruments, with an increasing number of free long distance minutes, an increasing face value for the rebate, an increasing interest rate for the certificate of deposit, or a lower interest rate for the credit instrument, as more buyers join the sale.

On-line group-buying sale with increased value system and method

A method and system are provided that enable partner sites to join in the sale of products/services via a PowerBuy business method. A seller registers a list of products/services to be displayed on partner sites. Customers/visitors who access partner sites may link to one or more PowerBuys conducted on an owner's main site. Accordingly, the method and system enable a super demand aggregation for products/services offered for sale by the PowerBuy business method. The invention provides a partner menu tree that allows partners to pre-select products/categories for display to customers linking to the PowerBuy from their partner site. Sellers may provide particular products, services, categories, and abstract terms to help partners select which products/services to display for customers from among all the PowerBuy products/services. The invention has applicability to sales paradigms other than the PowerBuy business method.

An online buying group (referred to herein as a &ldquo;co-op&rdquo;) is formed for the specific purpose of purchasing a particular product at ( ) by defining a start time, end time, critical mass, any minimum number of units offered, any maximum number of units offered, starting price and product cost curve. As data is gathered from buyers, by means of their making binding purchase offers, the co-op is modified at ( ) using a pricing tool, so as to take into account for this market data in the definition of the price curve. A buyer chooses a product co-op of interest at ( ). The buyer is presented with the following essential co-op information: current price, closing time, next price level (as defined by a price curve visibility window and the price curve) sufficient to entice the buyer to make an offer. Once a buyer has made up his mind, the decision must be made at ( ) to offer a purchase price which includes the current price, guaranteeing availability if critical mass has been achieved, or to make an offer at a lower price range that can be accepted only if the co-op price drops to that level, which may not occur. Given a decision to make an offer at such lower price, the buyer enters such maximum price at which he is willing to purchase the product at ( ). Should the current price drop to the level at which the offer was made, the price contingency is removed from such offer and assuming critical mass is achieved, the offer is accepted at at the close of the co-op at ( ), and processed accordingly. Inventory is allocated to fulfill the accepted offer at ( ) following the closing of the co-op at ( ).

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Redmond, WA, United States of America

Dale A Woodford