ELECTRONIC MEDIA REVERSE BIDDING SYSTEM AND METHOD

摘要

An electronic media trading or dealing system, when customer provides specifics of the desired item and traders are involved in a reverse bidding striving to entice the customer to purchase their product is disclosed. Traders are denied the knowledge of the customer's identity until their bid is selected. The customer is not involved in any direct communications with traders, until the desired price is negotiated and the offer is accepted. This system and method saves the customer hours of browsing through countless websites in search of the desired merchandise. Additionally, the described system and method promote integrity among traders. As a result, customers win by attaining a much better deal on the product through a much lesser hassle often associated with any direct purchase, and traders are provided with a much better tool to reach potential customers without the use of a large sales force.

主权项

1. An electronic media trading system for a product trade comprising:
a host server connected to an internet stored data containing at least product sellers' names, product inventories, product images, product prices, product sellers' contact and address information, said data comprising a search database; a product information input and output device connected to the host server by means of an electronic connection, the product information input and output device allowing a buyer to enter a product information and to receive an information from the host server; a computer-executable instructions directing the host server to perform a search of a seller of the product entered through the product information input and output device, deliver the entered product information to the seller, solicit the seller to place a bid, entice sellers to modify their bids, deliver all solicited bids back to the product information input and output device, prompt the buyer at the input and output device to select a best available bid, connect the buyer and the seller after the bid is selected.