Dubli is a very unique online business that is comprised of two principle parts founded by Michael Hansen in 2003. The main website of Dubli.com is a reverse auction portal for top branded products. The other part is a business opportunity known as the Dubli Network where entrepreneurs can launch their own business with the Dubli.com reverse auction website.
At Dubli.com customers purchase credits to place bids on brand named products. The unique aspect of these auctions is the price is reduced with each bid. Unlike standard auction websites where the price increases, Dubli is doing the exact opposite. Each customer bid will drop the price by $0.25, therefore the term “reverse auction.” For example, one member was able to purchase a Nintendo Wii system, valued at $300 for only $72.25.
The site also has a shopping portal that takes you to other merchant websites. The advantage of going through this portal allows you to earn high rewards and special discounts. Let’s say you follow through the Dubli Shopping portal to a site like Home Depot and purchase a dishwasher for $500. If Home Depot was offering 4.5% in rewards, you would earn 22.5 point or $22.50.
The Dubli Network is a network marketing opportunity for entrepreneurs to profit from the reverse auction business model. This is an internet business that allows you to prosper from customers shopping through your own Dubli store and through your partner’s stores. What you are creating is a virtual store that does not require money to inventory products. You obtain customers for a lifetime and earn money every time your customers or YOUR organization’s customers place a bid.
During this recession as sales at local retailers were dropping, online retail sales were increasing. This is showing an amazing trend toward online retail shopping as the wave of the future. This position’s Dubli business owner’s in a great spot to thrive.
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