Patent US 8,548,868

The present invention is a method and apparatus for buyers to specify goods and services then aggregate demand to reduce price and minimize seller surplus. This enables consumers and small organizations to specify and obtain goods and services on terms usually available only to large organizations. An author can draft a RFQ or RFP then solicit comments and endorsements from opinion leaders who influence demand. The author will then publish the RFQ or RFP globally to prospective buyers to solicit binding commitments then offer the RFQ or RFP globally to prospective sellers to solicit binding bids. As the bid price declines the number of buyers will increase motivating a further reduction in bid price. The author can accept or reject each bid or make a counter-offer. If a bid is accepted, payment is exchanged for the specified goods and services.