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.

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

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

Bartering Model

• Concept here is when people or companies trade services or products.

example: itex.com