AU2015100661A4 - UquoteMe is a method and process that disrupts the traditional B2C sales model for all Goods or Services by preceding the traditional B2C sales model with a C2B market-tender procurement model and then resumes the B2C sales model via a competitive silent bid auction. The innovation in UquoteMe is that SELLERS competitively bid via silent auction and that BUYERS remain anonymous until they transact. - Google Patents

UquoteMe is a method and process that disrupts the traditional B2C sales model for all Goods or Services by preceding the traditional B2C sales model with a C2B market-tender procurement model and then resumes the B2C sales model via a competitive silent bid auction. The innovation in UquoteMe is that SELLERS competitively bid via silent auction and that BUYERS remain anonymous until they transact. Download PDF

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AU2015100661A4
AU2015100661A4 AU2015100661A AU2015100661A AU2015100661A4 AU 2015100661 A4 AU2015100661 A4 AU 2015100661A4 AU 2015100661 A AU2015100661 A AU 2015100661A AU 2015100661 A AU2015100661 A AU 2015100661A AU 2015100661 A4 AU2015100661 A4 AU 2015100661A4
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uquoteme
model
traditional
silent
auction
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AU2015100661A
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Sam Richard Sicilia
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Sicilia Sam Richard Mr
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Sicilia Sam Richard Mr
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Abstract

UquoteMe is a method and process that disrupts the traditional B2C sales model for all Goods or Services by preceding the traditional B2C sales model with a C2B market-tender procurement model and then resumes the B2C sales model via a competitive silent bid auction. When BUYERS anonymously put a request for a Good or Service to a market tender via the UquoteMe eCommerce platform, SELLERS compete for the BUYER via silent bid auction, and SELLERS will "bid-to-win" the BUYER's business by bidding their best deal. The innovation in UquoteMe is that SELLERS competitively bid via silent auction and that BUYERS remain anonymous until they elect to transact. P rtaS Porta Public Successful Transaction (s) Unsuccessful Transaction Private (S) UquoteMe "YES W hive I a Dea Privately (S) "Do We 'oDeal" Privately Hive i Dviil

Description

Editorial Note 2015100661 There is one page of description only TITLE UquoteMe is a method and process that disrupts the traditional B2C sales model for all Goods or Services by preceding the traditional B2C sales model with a C2B market-tender procurement model and then resumes the B2C sales model via a competitive silent bid auction. The innovation in UquoteMe is that SELLERS competitively bid via silent auction and that BUYERS remain anonymous until they elect to transact. DESCRIPTION Traditionally, to Buy a Good or Service, it is the BUYER that needs to find SELLERS of the Good or Service, ensure that the SELLER can supply the Good or Service and that the SELLER is able and willing to meet any other criteria (e.g. timing, delivery, installation) specified by the BUYER. The BUYER also needs to source (either physically and/or digitally) information from SELLERS or other SUPPLIERS. It is the BUYER that needs to compare offers from multiple SELLERS (prices, terms and conditions) and then negotiate (often iteratively) with one or more of the SELLERS. Finally, the BUYER needs to settle on a "deal" that also satisfies any criteria specified. This process is inefficient and the BUYER remains uncertain whether the deal obtained is sub-optimal. A change to the traditional approach can benefit both the BUYER and the SELLER. To Sell a Good or Service, the SELLER should compete for the BUYER, which will ensure that the BUYER receives the "best deal" for the Good or Service that also meets any criteria that the BUYER has specified. This approach disrupts the traditional B2C sales model for all Goods or Services by preceding the B2C sales model with a C2B market tender procurement model and resumes the B2C sales model via a competitive silent auction. In this approach, SELLERS compete for the BUYER via anonymous silent bid auction. The BUYER anonymously market-tenders a request to buy a Good or Service and specifies any special criteria that must be satisfied by the SELLER. The competitive silent auction bidding process ensures that BUYERS obtain "best available deals" from SELLERS. BUYERS benefit from the disruption as multiple SELLERS simultaneously and competitively bid for the BUYER's business. SELLERS benefit from the disruption as they know the BUYER is ready to transact and they do not want their competitors to win the BUYER's business. Therefore SELLERS can "bid-to-win" by providing the BUYER with their "best deal".
AU2015100661A 2015-05-20 2015-05-20 UquoteMe is a method and process that disrupts the traditional B2C sales model for all Goods or Services by preceding the traditional B2C sales model with a C2B market-tender procurement model and then resumes the B2C sales model via a competitive silent bid auction. The innovation in UquoteMe is that SELLERS competitively bid via silent auction and that BUYERS remain anonymous until they transact. Expired AU2015100661A4 (en)

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Application Number Priority Date Filing Date Title
AU2015100661A AU2015100661A4 (en) 2015-05-20 2015-05-20 UquoteMe is a method and process that disrupts the traditional B2C sales model for all Goods or Services by preceding the traditional B2C sales model with a C2B market-tender procurement model and then resumes the B2C sales model via a competitive silent bid auction. The innovation in UquoteMe is that SELLERS competitively bid via silent auction and that BUYERS remain anonymous until they transact.

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
AU2015100661A AU2015100661A4 (en) 2015-05-20 2015-05-20 UquoteMe is a method and process that disrupts the traditional B2C sales model for all Goods or Services by preceding the traditional B2C sales model with a C2B market-tender procurement model and then resumes the B2C sales model via a competitive silent bid auction. The innovation in UquoteMe is that SELLERS competitively bid via silent auction and that BUYERS remain anonymous until they transact.

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AU2015100661A4 true AU2015100661A4 (en) 2015-06-18

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AU2015100661A Expired AU2015100661A4 (en) 2015-05-20 2015-05-20 UquoteMe is a method and process that disrupts the traditional B2C sales model for all Goods or Services by preceding the traditional B2C sales model with a C2B market-tender procurement model and then resumes the B2C sales model via a competitive silent bid auction. The innovation in UquoteMe is that SELLERS competitively bid via silent auction and that BUYERS remain anonymous until they transact.

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