ONLINE MEMBERS SHOPPING CLUB SALES SYSTEM AND SCALED BIDDING METHOD

摘要

The present invention relates to and describes a method and system forInternet shoppersto purchase products at discounted prices using a members only scaled biddingprocesswithin an online shopping club. Internet shoppers would become members of ashoppingclub described in the present invention paying for the membership right andbeing grantedwith their membership a number of bids to be used within the shopping clubbefore theirmembership expires. The shopping club would than use the membership fee topurchaseitems to be later bid upon by the members using a sliding scaled biddingprocess describedin detail herein. By allowing members to now bid on items that the club haspurchased,items are in essence already paid for by the members and not the shoppingclub, somembers may bid ridiculously low dollar amounts in order to be the winning bidand winthe right to purchase an item with no fear of bidding to high for the memberis not obligatedto purchase the item after they are the winning bid. Members with losing bidsmay still beafforded the option of purchasing the item at the winning bid amount ifcertain conditionsare met.