Claims:WE CLAIM:
1) A smart retailing system using IOT (Internet of things) helping to transform an occasional client into member comprising of ;
a. Analyzing the needs and purchasing patterns of each customer in order to devise attractive offers and ensure constant sales;
b. offering subscription services through the internet in which delivery of the product is accrued out at preferred consumer’s location;
c. keeping record of the consumer goods; and
d. providing alerts when a predetermined threshold is reached with respect to items under the subscription service and include providing a prediction pattern of demand management or time sensitive advertising.
2)The smart retailing system using IOT (Internet of things) helping to transform an occasional client into member wherein the said record of the consumer goods is kept by keeping Usage patterns, movement, device conditions, or activity.
3) The smart retailing system using IOT (Internet of things) helping to transform an occasional client into member wherein the said tags can relay location and movement of consumer goods to distinguish estimated use through tag readers placed in the consumer's home.
4) The smart retailing system using IOT (Internet of things) helping to transform an occasional client into member wherein the said tags can be tracked by readers to enable a user to track a location or movement of specified items with specified tags.
5) The smart retailing system using IOT (Internet of things) helping to transform an occasional client into member wherein the said system by sending sample products or by allowing the consumer to receive products for a specific time or enjoy short-term on-demand services such as video streaming or to pay leases for long-term services.
6) The smart retailing system using IOT (Internet of things) helping to transform an occasional client into member wherein the said system provides multiple payment options with a focus on long-term recurring payments for the customers to place orders for these products based on their satisfaction.
, Description:FIELD OF THE INVENTION:
The present invention relates to retail subscription services. The present invention more particularly relates to use of Internet of things (IOT) environment for determining a consumer product requires replenishment, replacement or upgradation or automatic delivery to the consumer where additional consumer goods are recommended.
BACKGROUND OF THE INVENTION:
In the twenty-first century, trade and commerce have been so diversified that multichannel has taken place and online shopping has increased significantly throughout the world. The modern customer seeks to obtain a wide variety of products and services in an immediate, efficient and safe manner; they often wish to make their purchase online and expect a range of possible payment options. The massive use of the internet in everyday life has transformed the behavior of consumers and is beginning to disrupt traditional business models.
The primary goal of a business is to offer product and services that best serve their consumer needs. A business which fulfills the customer needs with satisfaction very well is more successful than its competitors as satisfied buyers tend to make a repetitive purchase.
Online shopping is the easy solution for busy life in today’s world. In the past decade, there had been a massive change in the way of customer’s shopping. Despite consumers’ continuation to buy from a physical store, the users or buyers feel very convenient to online shopping. Online shopping saves crucial time for modern people because they get so busy that they cannot or unwilling to spend much time shopping. online shopping is becoming popular and getting preference among a group of consumers seeking better value proposition regarding information, convenience, cost, choice.
In modern society where convenience is important to consumers, subscription services continue to evolve. Previous generations enjoyed some subscription services, such as the daily receipt of fresh milk directly from a local farm by a milkman. Modern subscription services include the use of computers and the Internet, where a consumer can order online a subscription of goods, ranging from wine to razors to the book-of-the-month, which may be shipped from the factory to the consumer's home.
So there is a need for a smart retailing system using IOT (Internet of things) to connect easily with the customers and provide immediate, efficient and safe services to the customers for enhancing in-store experience. The present system simply use smartphone to remain connected with the consumers even when they are out of store and serve consumers in better way. The present invention tracks consumers path through a store and improve store layout and place their premium products in high traffic areas.
OBJECTS OF THE INVENTION:
The main object of the present invention is to provide a smart retailing system using IOT (Internet of things) to connect easily with the customers and provide immediate, efficient and safe services to the customers for enhancing in-store experience.
Another object of the present invention is to save time of the consumers and to tracks consumers path through a store and improve store layout and place their premium products in high traffic areas.
Other objects and benefits of the present invention will be more apparent from the following description, which is not intended to bind the scope of the present invention.
SUMMARY OF THE INVENTION:
Accordingly, a smart retailing system using IOT (Internet of things) to connect easily with the customers. A smart retailing system using IOT (Internet of things) helping to transform an occasional client into member comprising of ;

a. Analyzing the needs and purchasing patterns of each customer in order to devise attractive offers and ensure constant sales;
b. offering subscription services through the internet in which delivery of the product is accrued out at preferred consumer’s location;
c. keeping record of the consumer goods; and
d. providing alerts when a predetermined threshold is reached with respect to items under the subscription service and include providing a prediction pattern of demand management or time sensitive advertising.
DESCRIPTION OF THE DRAWINGS:
Fig 1 is the smart retailing system using IOT (Internet of things) to connect easily with the customers.
DETAILED DESCRIPTION OF THE INVENTION WITH RESPECT TO DRAWINGS:
The present invention provides a smart retailing system using IOT (Internet of things) to connect easily with the customers and provide immediate, efficient and safe services to the customers for enhancing in-store experience. The present invention saves time of the consumers and to tracks consumers path through a store and improve store layout and place their premium products in high traffic areas.
In one embodiment, all the goods in online stores described through text, with photos, and with multimedia files. Many online stores will provide links for much extra information about their product. The present invention helps to transform an occasional client into a member. This strategy requires careful analysis of the needs and purchasing patterns of each customer in order to devise attractive offers and ensure constant sales.
In another embodiment, retailers offer subscription services through the internet in which delivery of the product is accrued out at preferred consumer’s location like office, home, or other desired location. Shoppers set some subscription offers on retailer’s website keeping in mind about refills, replacements, or upgrades. The present invention helps to observe, keep record of the consumer goods and managed by the system using internet of things. The consumer goods may be located at the subscriber's home, business, or other desired location. Marketing of other items is based on a subscription or purchase of related items, or services such as providing alerts when a predetermined threshold is reached with respect to items under the subscription service and include providing a prediction pattern of demand management or time sensitive advertising.
In another embodiment, the record of the consumer goods is kept by keeping Usage patterns, movement, device conditions, or activity. The tags can relay location and movement of consumer goods to distinguish estimated use through tag readers placed in the consumer's home. Accordingly, tags can be tracked by readers to enable a user to track a location or movement of specified items with specified tags.
Privileges such as discounts, special offers, multiple payment methods, and even finance options; all of which serve to make the customer feel more valued and improve their opinion of the business. This is used to sell upgrades, direct customers to other business areas or suggest related products and services.
In another embodiment, There are 3 types of subscription model which involves providing customers with surprise boxes which contain sample products (usually from the fashion or beauty industry); customers then proceed to place orders for these products based on their satisfaction with the samples. The second model allows the consumer to receive products for a specific time or enjoy short-term on-demand services such as video streaming; this model is in stark contrast to the traditional property model however it has quickly gained acceptance from consumers. The last type of subscription model gives consumers the possibility to pay leases for long-term services such as mobility and music services.
In the subscription business model, there are key factors which determine success and create advantages over other suppliers, such as engagement, responsiveness, personalized relationships and improved customer experience. This model is complemented well by the provision of multiple payment options with a focus on long-term recurring payments.
Sales-by-subscription offers multiple benefits for both the company and the consumer. Companies gain advantages such as steady cash-flow, access to new market segments and a better ability to get to know their consumers. Having an ongoing relationship with consumers is vital; not only for customer satisfaction but also for gathering the necessary information to create offers which suit their specific needs and tastes. However, companies are not the only ones who benefit from the subscription model; the subscribers enjoy special offers, online purchasing, multiple payment options and being alleviated of the burdens of product ownership.
Because subscription and e-commerce are the main drivers of growth in the retail market, traditional retailers must overcome the challenge of adopting this new model or be left behind. Retailers should aim to support their operation with technological solutions that provide control over payment platforms, customer interactions, inventory management, remote service activation, sales requests and customer analytics. With such a system in place, the transition into the membership economy will come with ease.
In another embodiment, A smart retailing system using IOT (Internet of things) helping to transform an occasional client into member comprising of ;
a. Analyzing the needs and purchasing patterns of each customer in order to devise attractive offers and ensure constant sales;
b. offering subscription services through the internet in which delivery of the product is accrued out at preferred consumer’s location;
c. keeping record of the consumer goods; and
d. providing alerts when a predetermined threshold is reached with respect to items under the subscription service and include providing a prediction pattern of demand management or time sensitive advertising.