TransactionsIP LLC is pleased to present the exclusive patent for sale “INTERNET TRADING” which includes U.S. Patent US 8359230 B2 assigned to Tsiyoni Joseph.
The IP relates to Online Gradual Price Reduction for Goods & Services.
The technology disclosed provides the following advantages:
- Less time consuming as a bidder does needs to spend time in addition to the first submission of a bid.
- Provides a low price internet shopping method.
- The price of the product or service is electronically and automatically reduced.
- The prospective buyer is enabled to instantly make a purchase, at any given real time, which instantly completes the purchase and instantly ends the sale.
The global online auction market size will grow USD 1050 million at a CAGR of 7.03% during 2018-2022. Online auction market analysis identifies the ease of bidding through online auctions as the most crucial factor driving the online auction market growth. Bidders find online auctioning convenient in terms of time, place, and costs as they can easily login to the site and participate in the auction, thus, eliminating the need for physical presence. Additionally, bidders can conduct research on prices and quality of the product as well as compare prices through several images and videos to aid them in bidding. The emergence of artificial intelligence (AI) to improve the bidding process is one of the major upcoming online auction market trends.
This patent portfolio is being offered for sale for $84k.