Dubli Network MLM Review – Auctions 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 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. 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. 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 Side 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.

- Virtual markets are gaining popularity; the concept of reverse auctions is a strong point to capture customer interest./spin]

[spin]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. 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.
EBid, OnlineAuction and Bidz.com are other sites in this genre. PriceGrabber.com is another shopping site that enables comparison of product prices and offers customer reviews.

Selling Points And Strategies
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 set an online MLM lead generator that will get you in touch with interested customers and help boost your business.

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