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Method and System for Providing an Automatic Top-Down Variable Sales Model

IP.com Disclosure Number: IPCOM000241138D
Publication Date: 2015-Mar-31
Document File: 2 page(s) / 18K

Publishing Venue

The IP.com Prior Art Database

Related People

Dustin Edwards: INVENTOR [+3]

Abstract

A method and system is disclosed for providing an automatic top-down variable sales model. The method and system automatically and periodically lower the quoted price of one or more products that are placed online for sale. The quoted prices are automatically and periodically lowered until either the products are sold or until the prices reach a predetermined lowest level.

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Method and System for Providing an Automatic Top-Down Variable Sales Model

Abstract

A method and system is disclosed for providing an automatic top-down variable sales model.  The method and system automatically and periodically lower the quoted price of one or more products that are placed online for sale.  The quoted prices are automatically and periodically lowered until either the products are sold or until the prices reach a predetermined lowest level.

Description

Disclosed is a method and system for an automatic top-down variable sales model.  The method and system automatically and periodically lower the quoted price of one or more products that are placed online for sale.  The quoted prices are automatically and periodically lowered until either the products are sold or until the prices reach a predetermined lowest level. 

In accordance with the method and system, a list of the one or more products is initially placed online on an e-commerce website by a seller.  The one or more products that are placed online are accompanied with information such as, but not limited to descriptions, pictures, reviews and seller details.  Accordingly, the seller chooses four values, high (starting) price which, can be any monetary value, decrement price, which again can be any monetary value, decrement time interval, which can be any time period and lowest price, which is not made known to consumers that are willing to buy the one or more products online.  Additionally, the seller is also allowed to use a concept of current price for every decremented price regarding each of the one or more products that are placed online for sale.

In a scenario, consumers willing to buy the one or more products, access the e-commerce website for navigating and checking if the sale is initiated.  Thereafter, once the sale is initiated, the seller annotates a current price to each of the one or more products that are presented online.  ...