Patent ID: 7774238

Claim:
On a computer readable medium, online marketplace management software for managing sales by a user on one or more online marketplaces that are operated by entities other than the user, the software comprising: an inventory management tool for managing inventory that is offered for sale on the one or more online marketplaces, the inventory management tool including a plurality of (a) an inventory receiving tool that allows the user to scan inventory items by product barcodes and maintain inventory records in a database, (b) an inventory upload tool that allows the user to automatically upload inventory to one or more online marketplaces, (c) an inventory decrement tool that automatically decrements inventory quantity from an inventory database when an order is imported from an online marketplace, and (d) an import external inventory data tool that allows the user to import inventory data from a retail Point of Sale system to offer items for sale simultaneously at a retail Point of Sale location and in one or more online marketplaces; and a pricing tool that provides automatic pricing of inventory that is offered for sale on the one or more online marketplaces, the automatic pricing being based upon real-time pricing of like inventory available on at least one online marketplace from one or more third parties other than the user and applying a user-selected automatic pricing formula from among plural ones of: (a) an absolute lowest price formula that creates a price for an inventory item as a match of a lowest online marketplace price for other like items regardless of quality class or condition of the other like items; (b) an average price of a first n-number of items within class formula that creates a price for an inventory item based on an average of sales prices of first n-number of like items within a quality class for the inventory item; (c) an average price within class and condition formula that creates a price for an inventory item based on an average sales price of all online marketplace items within a quality class and condition for the inventory item; (d) a lowest price within class formula that creates a price for an inventory item based on a lowest completed sale price of like items in an online marketplace within a quality class for the inventory item; and (e) a lowest price within class and condition formula that creates a price for an inventory item based on lowest completed sales price of in an online marketplace of like items within a quality class and condition; and an order management tool for managing completion of sales made on an online marketplace.