Name Your Price Model
- Allows person to name their price for the product (travel, homes, autos, etc).
- Concept here is that customer says what they are willing to pay and then sellers "register" with site and agree to customer terms.
Example: Priceline.com
- most famous of this type of model.
- Patented business mechanism called "demand-collection system" is a shopping bot that takes customers bids to the Priceline partners to see whether they will accept the prices.
- mostly for airline tickets though have tried to expand.
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Comparison Pricing Model :
- Allows customer to poll a variety of merchants and find desired produt or service at lowest price
example: nexttag.com
example: shopping.com
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Demand-Sensitive Pricing Model
- Concept is as more people buy a product at this site, the cheaper it will become as it is like buying in volume/bulk.
example: BottomDollar.com
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Bartering Model
- Concept here is when people or companies trade services or products.
example: itex.com
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