Patent ID: 8301495
Filing Date: 2012-10-30
Classification: G06Q

Abstract:
1. A method of discount retailing in which an offer does not become valid until a minimum number of offers are purchased, comprising a network server, a microprocessor, a memory and computer software, said computer software being located in said memory and run by said microprocessor, said computer software comprising a discount retailing algorithm, wherein said discount retailing algorithm comprises the steps of: (a) obtaining consent from a merchant to market and advertise an item normally provided by said merchant at a standard offer price; (b) determining a discount offer price for said item, said discount offer price being a reduction in amount from the standard offer price of that item; (c) deciding on a tipping point at which time the discount offer price becomes valid; (d) generating an advertisement to present said discount offer price and said tipping point to potential consumers; (e) displaying said advertisement over a network through said network server for a predetermined period of time for potential consumers to review; (f) receiving acceptances of the discount offer price for the item over the network for the predetermined period of time; (g) determining if the tipping point has been attained; and (h) informing each consumer that accepted the discount offer whether or not the tipping point has been attained.