Dubli Network Business Review And Why Auctions Might Take Over For Home Business

Over the past few years, most people I know have started using the internet extensively to explore and buy products. When we buy online, we are able to evaluate products with competitors and buy based on reviews. 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 financial headquarters of this company is located in Delaware while it has its operational HQ in Berlin. Here's an MLM opportunity that doesn't involve stocking up on cosmetics and cleaning supplies.

Concept

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.

How then does the company earn profits and pay its associates?

The Answer: Credits.

Customers have to buy credits in order to bid for products. 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 Of Dubli Network

Business Associates (Bas), as distributors are called get paid for selling credits and hiring Bas. 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%.

Why Should You Take Up 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. This is an advantage over Dubli that holds an average of just 3 auction sales a day. Ebay also has an affiliate program with a generous payout structure. There is no substitute for the largest online auction in the world. Many will only shop here on name recognition alone. Ebay has expanded past traditional auctions and even do dutch, automobile and buy it now auctions.

Amazon
Amazon 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. Large fan base and repeat customers lead people back to this online retail giant. Amazon pairs up with multiple different retailers shipping even directly from the Amazon warehouse. Many people love Amazon because of their fantastic discounts and their Amazon Prime shipping which basically turns online shipping to hassle and cost free shopping.

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. Even ebay has split off and purchased half.com to sell at set rates offered by sellers offering a very easy user buying experience. Sony entertainment also does a reverse auction that works to an extent and might even catch on later on. With many different type of auctions types and companies popping up all the time Dubli Auction has a lot of competition due to selection, price, and brand awareness.

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. Your commission depends on the number of credits you sell; this means you'll need a sizeable business to make good money. 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.

There are various techniques in the internet that can help you launch an MLM lead system that will keep bringing in business.