Real-time market for the exchange of one or more products based on live sell offers and purchase bids, facilitating the trade of products through price determination based on supply and demand dynamics

Abstract

A computer-implemented method under the control of one or more configured computing systems, establishing a live-trading market for sellers to place for sale one or more product(s) for a set price, increase or decrease the price at any time, while providing potential buyers the ability to place an offer price, the bid price, with the ability to increase or decrease the offer price at any time; this establishes a market similar to the New York Stock Exchange or NASDAQ but instead of trading stocks, bonds or commodities, the established market of the invention is for products commonly sold in stores; establishing a market for products that sets prices based on real-time sell prices and bids that can be changed instantly by the market participants; and establishing historical data of price, offer and bid, that can be displayed in various formats such as tables, graphs and more.

What is claimed is: 
     
         1 . A computer-implemented method comprising:
 under the control of one or more configured computer systems, operating software that maintains a database;   establishes a market;   enables owners of a product to sell one or more of the same or different products in the market;   establishes a mechanism by which products may be sold, purchased, or exchanged;   lists a sales price for the product;   enables others to place a bid for the purchase of one or more product(s), or purchase the product for the listed price;   enables the seller to increase or decrease the sell price of the product(s) at any time;   enables the seller to remove the product from sell at any time; and   enables the potential buyer to increase, decrease or remove a bid at any time.   
     
     
         2 . The device of  claim 1 , that enables others to gather information about the product. 
     
     
         3 . The device of  claim 1 , further comprising of tracking and making available the historical data of prior offered selling price, prior bids, and prior selling price for products. 
     
     
         4 . The device of  claim 1 , that enables an interested buyer to provide bid price parameters for the highest and/or lowest amount willing to pay for the product. 
     
     
         5 . The device of  claim 1 , that enables the seller to provide sell price parameters with a highest and/or lowest amount willing to sell the product. 
     
     
         6 . The device of  claim 1 , that enables buyers to set the number of product(s) they are willing to pay. 
     
     
         7 . The device of  claim 1 , that enables sellers to set the maximum number of product(s) they are willing to sell. 
     
     
         8 . The device of  claim 1 , that enables a potential buyer to track an offered price of one or more products. 
     
     
         9 . The device of  claim 1 , that automates the sell transaction when a bid matches or exceeds an offered price. 
     
     
         10 . The device of  claim 1 , that enables a potential buyer to receive a notification when a product offer price reaches or exceeds a specific amount. 
     
     
         11 . The device of  claim 1 , that automates the purchase transaction when a bid on the product equals or exceeds the selling price. 
     
     
         12 . The device of  claim 1 , that enables the seller to set a time limit that the product is available for sale. 
     
     
         13 . The device of  claim 1 , that enables the bidder to set a time limit that the offer to buy for the bid-set price is available. 
     
     
         14 . The device of  claim 1 , that enables users to receive notifications when a product reaches a set price point. 
     
     
         15 . The device of  claim 1 , that enables sellers to receive notifications when consumer demand reaches a set point. 
     
     
         16 . The device of  claim 1 , that enables buyers to purchase and/or sell options to buy a product at a set price. 
     
     
         17 . The device of  claim 1 , that enables a seller to place various quantities of the same product on the market for buyers to bid for the purchase price of such items in an open market whereby each product is sold at the minimally accepted bid price. 
     
     
         18 . The device of  claim 1 , that enables a seller to place various quantities of the same product on the market;
 enables the seller to list the same products for the same price, or list the products in different price groups, so as lowest priced items are sold first, the price increases as quantities are diminished in lower price groups and enter a different price group;   enables price groups to have one more quantity of items.   
     
     
         19 . The device of  claim 1 , that enables sell prices to be determined in a bidding process that occurs in real-time so that the selling price of the item can go up, down or stay the same based on live demand and bids for the product.