Patent ID: 8121903
Filing Date: 2012-02-21
Classification: G06Q

Abstract:
1. A method for enabling a retailer subscriber of a Web site portal to sell surplus new product to other retailer subscribers and the general consumer, the method comprising the steps of: providing a Web site hosted by at least one computer in communication with a computer network; providing a retailer subscriber to retailer subscriber section of the Web site accessible only to retailer subscribers; electronically receiving surplus new product information for posting on the retailer subscriber to retailer subscriber section of the Web site from a first retailer subscriber enrolled to use the retailer subscriber to retailer subscriber section of the Web site; electronically receiving invoice information pertaining to the surplus new product from the first retailer subscriber, wherein the invoice information includes an original vendor price paid by the first subscriber for the surplus new product; electronically receiving verification information pertaining to the surplus new product from the first retailer over the computer network; verifying the surplus new product is authentic, based on the received verification information; electronically calculating a reduced price for resale of the surplus new product on the Web site to other retailer subscribers enrolled to use the Web site, the reduced price being an amount below the original vendor price to the first retailer subscriber; posting the surplus new product information on the retailer subscriber to retailer subscriber section of the Web site following the steps of electronically receiving invoice information and verification information for viewing by the other retailer subscribers to the Web site; offering the surplus new product for sale on the Web site to the other retailer subscribers at the reduced price, wherein the product is sold directly from the first retailer subscriber to a second retailer subscriber through the Web site.