Dubli Network Business Review - Auctions Coming Up For Home Business
Over the past few years, most people I know have started using the internet extensively to explore and buy products. Virtual markets provide complete information on products and also enable us to compare with other brands and read user reviews before we decide on a product. Dubli has come out with an innovative way to sell products through the internet through reverse auctions.
Let’s take a look at the working concept of this company and test out the profitability of the MLM opportunity it offers.
About Dubli Network
This network marketing company was started in 2003 by Michael Hansen. The company has its working headquarters in Berlin and financial HQ in Delaware. Here’s an MLM opportunity that doesn’t involve stocking up on cosmetics and cleaning supplies.
How Does It Work?
There are three auction types, namely, Xpress, zero and unique Bidding. The website will provide you with more details on each type. What differentiates this firm from others is its reverse auction concept which allows buyers to get products at a margin of actual costs.
Most people have a doubt here – How does the company make money and how are distributors paid when the site allegedly offers products at such low costs?
Money is made by selling credits.
Customers have to buy credits in order to bid for products. You can buy 10 credits at $8 or 500 credits at $400. When you buy and place a credit of 80 cents, the price of the product gets reduced by 25 cents and you’ll be able to see the going price and take a decision about bidding further.
The Business Of Dubli Network
Reps are called Business Associates and they get paid for bringing in customers and other Business Associates. You need to buy a business kit costing $175 to join this business. The rate of commissions differs on the value of credits accumulated over the year and ranges between 5% and 25%.
Points For This Business
- This is a network marketing company that does away with the hassles of storing inventory and product demos. You’ll be selling a service that’s self-explanatory and not a product.
- Since this business is still young in the US, this is a good time to join and start a successful business.
- Online shopping is a concept that’s fast catching on. This business has an interesting selling program that’s sure to draw people’s attention.
Competitors
EBay – This is one of the most popular online auction sites known throughout the world. There are regular auctions in EBay that are popular for their value. Ebay has many auctions while Dubli has only around 3 per day. Ebay also has an affiliate program with a generous payout structure.
Amazon .com –Amazon.com is the largest retail market of the United States. With its attractive prices, promotional offers and partnership programs, this website has many followers throughout the country.
There are several other competitors like eBid, OnlineAuction and Bidz.com. PriceGrabber.com is another shopping site that enables comparison of product prices and offers customer reviews.
Doubling Your Dubli Profits
The idea of a reverse auction where the lowest bidder wins the product is a strong selling point. Use this to your advantage to get people interested. Since a bid costs just 80 cents, you’ll need to sell a lot of credits to get a good income. This will be possible only if you extend your reach beyond your warm circle. Since this is an internet based concept, create an online marketing strategy to get MLM leads.
Several online tools can help you with internet lead generation that will get you in touch with interested customers and help boost your business.
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