Patent ID: 8447645

Claim:
A method for pricing a product to be sold over the internet comprising a server computer connected to a network, a computer processor, and a database, the method comprising: storing sales characteristics for each of a plurality of products in the database, the sales characteristics including sale history and sale queue information, the sale queue information being information regarding a sale queue and including current list prices for the plurality of products currently being offered for sale, the sale queue information further including the number of products being offered for sale at each of the current list prices, the sale queue information further including the condition of each product being offered for sale; receiving, at the server computer via the network, a sale order from a seller, the sale order including product information of a list product associated with one of the plurality of products; calculating, by the computer processor, a market price prior to listing the list product for sale to a potential buyer of the list product, the market price being calculated based on the product information in the sale order and the sale characteristics of the list product; causing to display, by the computer processor, after calculating the market price and prior to listing the list product for sale to the potential buyer of the list product, a suggested list price to the seller based on the market price, the suggested list price indicating a suggested price of the list product at which the seller may attempt to sell the list product to the potential buyer; and causing to display to the potential buyer only a lowest price offered by the best seller of each product, with higher prices by other sellers being held in said sale queue and caused to be displayed only after the sale of products at lower prices; wherein the best seller is the seller with the highest reliability rating.