Newly introduced e-commerce sites often require some extra explanation so that online shoppers can fully understand the benefits.  This was the case with DubLi when I entered North American in the Spring of 2009 and more recently in Australia and New Zealand.  This post will address some of the common questions I get about the auctions and its shopping portal.

First, DubLi is a German-based company that features two distinct reverse auctions.  The auctions feature the latest and more in-demand retail items.  Popular items range from Playstation 3s and digital camera’s to designer purses and gift cards.  Customers have the advantage of bidding on things that are guaranteed to be priced below retail price, sometimes much lower.

Both the Unique and Xpress auctions require users to buy credits up front to take part in the great buys.  Each 80 cent credit is used to reveal the hidden price as well as to purchase the item.  DubLi offers volume discounts to avid customers looking to purchase larger amounts.  In fact, many business associates have bought credits for just 60 cents, equaling a 25% discount.

The Xpress auction is where users have the ability to buy auction items at will.  They do this buy first using a credit to reveal the price which in turn dropped it by 25 cents, hence the name ‘reverse auction’.  It 100 customers clicked on revealed price without deciding the purchase, the price would be $25 less than the initial price.  At any point the item can be purchased via credit card and the auction would end.  Currently there are hundreds of Xpress auctions available for bidding.

The Unique Bid auction is similar to the Xpress auction in that customers use credits to win brand new items.  However, this type of auction is timed such that the lowest unique bidder bidder wins the auction at the specified end time.  Bids are placed on 25 cent increments from $0 all the way up to the retail price.  Unique Bid winners often attest to a strategy in placing a range of bids to hedge against competing bidders.  Additionally, DubLi will notify users if their specific bid price was duplicated so that users can bid again to find the lowest unique price.  The more people that learn how this new and exciting form of online shopping, the more that prices will quickly drop below retail standards.

The second half of the DubLi website is the shopping portal, where a larger number of products can be bought from the largest worldwide retailers.  It includes well over 1000 retailers that feature unique discounts for DubLi shoppers.  Each item lists a percentage that is credited to shoppers in the form of  points.  Once sufficient points are accumulated, users can redeem them for cash- or gift-cards for flexible spending.

DubLi quite literally has something for everyone, regardless of a person’s shopping needs or customs.  Look out for it to quickly become a household name as its appeal spreads through online and social networks for years to come.

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The unique bid auction is one of two different DubLi reverse auctions.  Similar to the Xpress auction, the goal is to be the lowest bidder.  This runs counter to the commonly accepted thought of a traditional auction where prices rise as demand increases.  However, given the fact that customers are walking away from drastically reduced priced goods the unique bid auction has become a popular auction for online shoppers.

Here is a brief description of how a customer wins.  The objective is to land on the lowest unique bid of a 25 cent increment, such that no other customer has bid that amount.  Once the auction ends the system starts at $0.25 and works upward by 25 cent intervals looking for the precise amount where only one customer has bid.

Let’s take a closer look now.  After placing a bid the system instantly notifies the customer if the bid is unique or lowest.  If neither of these is true, additional bids must be placed to have any shot at winning.  Bidders can place a single bid or a range of bids across a desired interval.  In either scenario DubLi notifies bidders of each bids’ status as the auction progresses.  If a price no longer is unique the customer must decide whether to continue bidding since that amount is now inconsequential.

Unique Bid Winner Example

Each bid costs one DubLi credit, or 80 cents.  So the total price of the item equates to the actual lowest unique bid price plus the total amount of credits used in order to locate the lowest bid.  However this total cost often pales in comparison to the item’s actual retail price.

This last point underscores why the DubLi unique bid auction is growing in popularity.  Few other auction platforms allow for significant saves on name brand items.

Contact me at dan@doctordubli.com to learn more about becoming a free DubLi customer and how to get free credits!

For-profit and non-profit organizations alike are always looking for ways to raise funds.  DubLi has formulated an effective means of filling this need through its Partner Program.

Dubli’s Partner Program is designed for companies, corporations, affinity groups and non-profit organizations with large customer bases.  It essentially provides a safe and risk-free online fund raising mechanism by linking DubLi’s auction website with the business entities customized brand image.

The business, or partner, simply recommends their current base of customers or donors to their replicated DubLi website.  Money is raised by customer purchasing DubL credits as well as items in the Shopping Portal.  These items include the latest brand new brand name products from leading retailers such as Nokia, Apple, BMW, LG and Gucci as substantially reduced prices.  Current customers are routinely seeing discounts ranging from 30% to 80%.

At just $199 it represents a cost effective means to any business to generate additional income from an existing and loyal customer base.  The partner earns a generous 30% profit margin for each DubLi credit purchased by their customers.  As an example, if a customer purchases 100 credits at the Partner Website for $80, the partner would receive 30% (or $24) as well as 30% on the commissionable dollars from those customers’ shopping mall purchases.

This non-traditional yet creative method of fund raising allows partners to get paid by DubLi without their customers having to contribute in large amounts. Many well-known organizations in Europe and now America have seen success by becoming a DubLi Partners, even amid the current economic meltdown.  Some of the latest charities include those affiliated with singers Jordan Sparks and the Backstreet Boys, and Baseball Hall of Famer Joe Morgan.

Look for more organizations, especially non-profits, joining the dozens of current DubLi Partners looking to capitalize on global online shopping trends.

For years DubLi has asserted its overarching pursuit to become the world’s largest online shopping portal.  Achieving this formidable feat will not be possible without some serious dedication from the individual associates who market the DubLi opportunity.

In the summer of 2009 DubLi announced a breath-taking incentive for those business associates who lead the charge and achieve the senior vice president rank by 2011.  Any associates who attain the SVP rank will be awarded a $1,000,000 cash bonus!  In addition to the money, the first SVP by the end of 2010 will also receive a new Bentley Continental convertible and a matching Breitling Bentley.  (Check out the video above to see the Bentley)

So just why is DubLi willing to offer such a lucrative bonus?  To answer this you have to understand the corporate growth patterns of other e-commerce giants like eBay and Amazon.  Both of these companies had little competition early on which allowed for staggering growth over their first ten years.  And today Amazon is enjoying some of their best quarters as retail malls are losing out to online shopping websites.  In fact, 4^th quarter 2008 marked their highest earning quarter in history.

DubLi is seeking to follow the same path to profits by providing an exclusive reverse auction twist to online shopping.  They acknowledge the need to mark their ground in this shopping niche in so doing are attracting the best talent possible to expand their market share.  The company can already forecast what a significant customer base a SVP would have to produce.  The long-term revenue generating contribution of these customers would far exceed the bonus’s DubLi has agreed to pay.

Over the next year DubLi will attract millions of customers throughout America, Australia and Asia.  The great thing is that any motivated entrepreneur can take this business opportunity and literally grow it into a fortune.  Contact our team to find out how you can become a DubLi Senior Vice President.