Invention News: Hard Fought Business Method Patent is Issued Today
Anonymous writes "
Took 6.5 years, a hard fought business method patent is issued today(12/20/2005).
A new patent on dynamic pricing business method is issued by the United States Patent and Trademark Office today. It took the US Patent Office and the Patent Board of Appeal and Interference a total of almost 7 years to examine and issue this patent. Dynamic pricing such as online auction has created successful businesses like ebay.com and priceline.com. The newly issued patent covers a broad range of potential online models, including online auctions, e-commerce, online games, and more. Buyer’s purchase price of a product or service is scaled to the buyer’s performance during a price-determining-activity such as online game.
The business method creates a dynamic price scheme and is particularly valuable to products or services have a time horizon. These include airline tickets and hotels rooms. Sellers will be able to utilize this business method to dynamically price their near expired airline tickets and hotel rooms, and at the same time attract buyers to revisit or stick to their web sites. Companies use similar schemes include Dell.com, ebay’s price coaster, and numerous online game sites.
“This is the next generation of internet business model. The internet provided the opportunity to inventions like this. A buyer sees his price changes simultaneously as he engages in an online activity such as online game, and the price is scaled to the performance during the game. The better your performance, the lower the price.”
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