The internet has become a very popular tool for shoppers to know about and buy products in recent years. When we buy online, we are able to evaluate products with competitors and buy based on reviews. Dubli Network is an online shopping site that conducts reverse auctions to provide branded products at affordable rates.
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
Michael Hansen launched this MLM business in 2003. 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?
This online seller hosts three kinds of auctions- Xpress Bidding, zero bidding and unique bidding. While you can understand how each kind of auction works from their website, you need to be aware of the fact that this company has an auction system called reverse auction that’s different from the ones organized by other online auction companies.
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?
The Answer: Credits.
If you want to bid on merchandise, you have to purchase credits. Each credit costs 80 cents and when you bid using a credit, the price of the display piece goes down by 25 cents.
The Business Side 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. Commission differs according to your level and points collected by you in a year.
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.
- This is a new business with a new concept; now’s the right time to enrol and make money.
- Virtual markets are gaining popularity; the concept of reverse auctions is a strong point to capture customer interest./spin]
[spin]Competitors
EBay – Ebay is known worldwide for its product variety and auctions. 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. Many buyers long on to PriceGrabber.com to buy after comparing and reading about products.
Selling Points And Strategies
Dubli has a magnetic pull inits concept of revesre auction; this should get you interested buyers. Since a bid costs just 80 cents, you’ll need to sell a lot of credits to get a good income. To achieve this volume of business, you’d have to think beyond you network of friends and reach out to a larger market through MLM leads.
There are various techniques in the internet that can help you launch an MLM lead system that will keep bringing in business.
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