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A method and system for pre-purchase bidding for items with high demand in retail stores

IP.com Disclosure Number: IPCOM000219718D
Publication Date: 2012-Jul-09
Document File: 1 page(s) / 19K

Publishing Venue

The IP.com Prior Art Database

Abstract

A method and system for pre-purchase bidding for items with high demand is disclosed. An item may be selected by a first consumer and then placed open for bidding by other consumers.

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A method and system for pre-purchase bidding for items with high demand in retail stores

In retail shopping environments, some low stock items may be in high demand when deep discounts are offered on the low stock items. Some consumers who manage to purchase the low stock item from a store at a discounted price may subsequently wish to sell the item outside the store at the actual non-discounted price. Often, consumers sell such items through online bidding processes. Disclosed is a method and system for in-store pre-purchase bidding for items with high demand.

In an exemplary but non-limiting scenario, the pre-purchase bidding may be realized through a mobile application. A first consumer may enter a retail store and log on to the mobile application. The consumer may then pick a discounted item for example, a video player for $50 and scan the item through the mobile application. Scanning the item implies that the user intends to claim the item and a temporary association between the item and the consumer may be created in the application. A temporary holding fee may be charged to the consumer upon scanning the item. Subsequently, the consumer may choose to place the scanned item up for bidding in order to give other consumers a chance to claim the item. Other consumers may be automatically notified of the item's availability for bidding. Notification may be through one or more non-limiting means such as, a text message and a push notification on the application...