Patent ID: 7953644
Filing Date: 2011-05-31
Classification: G06Q

Abstract:
1. A method for executing a computer program on a processor operated by a host to provide a referrals networking system comprising the steps of: gathering, by a processor, electronic data associated with a plurality of members providing, by said processor, the computer program with a plurality of members related to one another through a plurality of connections, wherein at least one member is a vendor who offers for sale a purchasing opportunity, and wherein at least one of the members designates at least one of the vendors as trusted; generating, by said processor, for each member, a member page that contains a referral listing of the vendors that the member has designated as trusted, wherein the member page of the vendor also contains the purchasing opportunity; receiving, by said processor, from referring, by one of the members, a request to refer a prospective member to the member page of the trusted vendor, receiving, by said processor, from transferring, by the vendor, a referral fee, wherein the receipt of the referral fee confirms that the prospective member completed accepted the purchasing opportunity contained on the member page of the vendor; and allocating, bv said processor, portions of the referral fee to each of the host, the prospective member and at least one of the members; wherein the portions of the referral fee depend in dependence on the connections between the members; wherein a first portion of the referral fee is allocated to the host, a second portion of the referral fee is allocated to the prospective member and a third portion of the referral fee is allocated to the members; and wherein the referral fee is received and allocated after the prospective member completes the purchasing opportunity of the vendor.