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 Network is an online shopping site that conducts reverse auctions to provide branded products at affordable rates.

Here’s a review of the company and its income opportunity.

About Dubli Network

Michael Hansen launched this MLM business in 2003. 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.

How Does It Work?

This online seller hosts three kinds of auctions- Xpress Bidding, zero bidding 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?

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.

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.

- This is a new business with a new concept; now’s the right time to enrol and make money.

- 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. There’s also a partnership program in ebay that offers good payment for referrals.

Amazon .com –This is America’s largest retailer. This website also has auctions and affiliate programs that are going strong. There are frequent promos to attract affiliates to these programs.

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.

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.