#1348: PriceTag

Today’s invention is a way to make e-commerce more interesting.

Products on display on a website would be capable of repricing themselves in realtime.

Each product entry would monitor the prices of its competitors. If lots were being sold of A’s competitor B, then A’s price would automatically reduce itself.

If stocks of B were running low, then its unit price would rise. Put some B in your shopping basket and A’s price might drop a little to get you to change your mind. 3 A’s in your basket and you might see a price drop of A on the shelf to encourage you to buy another.

Within set limits, this would introduce some interesting price-based jostling and add interactivity to a rather jaded shopping experience.

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