Patent ID: 7962374
Filing Date: 2011-06-14
Classification: G06Q

Abstract:
1. A computer implemented method for evaluating a resale market of a product by a prospective buyer prior to purchasing said product and generating resale of said product in an electronic marketplace over a communications network, comprising the steps of: querying said prospective buyer of said product in a buy/sell transaction to relist said product in said electronic marketplace before said prospective buyer purchases said product by a creation module of a server managing said electronic marketplace; transmitting a resale data to a client device associated with said prospective buyer by a listing module of said server over said communications network, said resale data comprising at least one of the following information of said product or a related product: product information, product condition, product reviews, previous listing prices, previous transaction prices, current selling prices, supply and demand in said electronic marketplace; receiving a request to purchase said product from said client device associated with said prospective buyer by a transaction module of said server over said communications network; processing said request to purchase by said transaction module of said server to complete said buy/sell transaction of said product, thereby converting said prospective buyer into a buyer; receiving a request to relist said product for resale in said electronic marketplace from said client device associated with said buyer by said creation module of said server over said communications network, thereby converting said buyer into a prospective seller; generating a new listing of said product based on information relating to said buy/sell transaction by said listing module of said server, thereby converting said prospective seller into a seller and enabling said product to be sold multiple times; updating said resale data of said product in a database; and storing said new listing in said database.