(Correction) DubLi is not registered in Delaware
DubLi did register in Delaware in 2006, 3 months before they declared bankruptcy in Denmark.
(Thank you to John Roberts for the correction).
The following information is provided in most of DubLi’s official sites; if not, it has been removed, as usual:
[Material removed due to copyright claims]
DubLi claims to be the competition to eBay, but:
DubLi uses a pyramid model and sells gambling tokens called “DubLi credits”.
DubLi doesn’t even register when you compare traffic analysis.
DubLi gets .026% the number of visits that eBay gets; to put it another way, if you add up all the traffic they each get, eBay gets 99.97% of all that traffic.
What competition? The two organizations have completely different markets.
DubLi’s business model is absurd:
They sell gambling tokens at $.80 with which you can reduce the price of an item by $.25 in one of 3 different games.
In game #1, you can bet a token to see a price. If you bet at the right time, the price may be low enough that you can buy it at a decent price.
In game #2, you can bet a token to reduce the price. If you bet at the right time you win a price. But you still have to claim it.
In game #3, you can spread your tokens to cover different price ranges; in other words, you are betting that your token will be unique and that it will also be the lowest unique token placed as a bet, in competition with all the other gamblers. (But this game can end without a winner, so you can’t reclaim your gambling tokens).
Because the gambling tokens are priced at $.80, you are actually lowering the price by $.20, and not $.25, in games #1 and #3.
In other words, if you exercise your option of buying an item in games #1 and #3, you pay 125% of the marked price.
DubLi’s Revenue:
The price for Express Auctions (Game #1) rarely gets lowered beyond 10%, except when the item is marked-up.
Basic economic theory shows that the items will be bought at market value if there are enough gamblers.
Dubli makes 4 dollars on every dollar discounted.
If a $400 item goes down to $315 and is purchased (Game #1), Dubli makes $75 * 4 = $300, and they come up 100 dollars short, because they have to pay for the item they “gave away”.
Dubli only makes money on Game #1 if they set the starting price above 75% of the market value.
On Game #2, Zero Auction, the entire item gets discounted, so DubLi makes 3 times the starting price of the item, and uses the 4th part to pay for the item.
On Game #3, Lowest-Unique, there is no limit to how much DubLi can earn, because there is no guarantee that a gambler will be lucky enough to place a token at the lowest-unique price.
Looking at DubLi’s own site, it is apparent that most of the bets are placed on Game #1.
There are 6 completed Zero Auctions, totaling 1680 dollars. Since DubLi covers the entire price (or less, if the item depreciates before it is won), DubLi makes
($1680 * 4) – $1680 = 1680 * 3 = $5580.
DubLi has made approximately $5580 on both Games #1 and #2. (Since their U.S. “launch” in October 6th)
As for Game #3, it is difficult to estimate how much DubLi makes. If we assume that the strategy always involves placing your tokens at low prices then the distribution pattern will resemble the area under the curve of a multiplicative inverse function, or the integral of 1/x which is ln(x).
But we have to take the number of tokens each gambler is willing to spend, and the number of gamblers into account.
To do that, we simply find the discounted price for each item that has been won, and that indicates the limit of the curve.
The total price for all discounted items won in game #3 is $582.
The least amount of money made from game #3 has to be $582*4 = $2328.
But there is one more calculation that can approximate the number of gamblers and the real profit in game #3.
The people winning items are (1) DubLi promoters, (2) winning multiple times.
Out of 72 prices,
tproia 4
lindapc 3
robbrandimickey 3
wcowles 3
Entrepreneur 2
Funlovers 2
Gteam2max 2
mvmeach 2
papajeanne 2
ron27 2
22 prices or (35%) have been won by the same 10 people. (At least 2 who claimed to be DubLi associates).
The actual number of prices won per winning gambler should be around 1, especially if DubLi is as big as it claims to be. If these numbers are strictly due to chance, and represent the general DubLi shopping population, the population would equal 57 shoppers in the United States.
So Game #3 has brought in between $2328 and (based on the amount spent in the zero auction), $6000.
If these updated estimates are correct, DubLi has made between $8,500 and $12,000 on the 3 games in 1 month. That’s enough to pay the five top executives a monthly salary of $2,400. But that wouldn’t leave any money for the promoters.
If there are 57 promoters, they’ve paid $85,500 for licensing packages (an average advertising package cost of 1,500).
So, in one month, Dubli’s revenue is 3% gambling, and 97% licensing packages.
How can DubLi sustain itself? Easy. They are “launching” again in China.
Internet Gambling Laws:
The majority of DubLli promoters live in the State of California. It is illegal to run gambling operations without a State license there, and in many U.S. States.
This is why DubLi operates in the UK, and Germany and Denmark.
DubLi incest:
The only people winning items on their gambling site are their promoters, which means they have few customers, or the promoters are spending more money on gambling than their customers.
Bottom Line:
DubLi is a de facto pyramid scheme based on their revenue model. The only people winning items on their gambling site are their promoters, and their promoters actually pay DubLi for the right to advertise DubLi.
Comment by eaglescout | November 3rd, 2008
For the record, The revenue from licensing packages is even more than stated in the article:
They have found a way to mix fictitious and international conversion rates so as to charge,
692+628+249 dollars for the cheapest package ($1569)
and
3777+2517+1595 dollars for the largest package ($7889)
Also, the renewal fees are not 150 dollars as previously discussed. You have to renew your membership at $692, $1574 or $3777 (per current exchange rate).
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Comment by John Roberts | November 5th, 2008
I appreciate your research and do quite a lot of it myself. I did find an error in the previous post claiming the filing in Delaware was not true. The fact is that the numbers that are referenced are not license numbers, but rather file numbers.
Dubli and Dubli Network are registered, active and in good standing in Delaware. You can search https://sos-res.state.de.us/tin/controller and put in the file number: 4153713 for Dubli Network LLC and 4153725 for Dubli.com LLC.
Comment by John Roberts | November 5th, 2008
Use this link to see the reports. After you click the link you can check online status and put the file numbers in.
http://www.corp.delaware.gov/onlinestatus.shtml
Comment by eaglescout | November 5th, 2008
Thank you for the information, John.
That is correct. DubLi did register in 2006, 3 months before they went bankrupt in Denmark.
Comment by John Roberts | November 5th, 2008
I actually purchased the corporate access and they are in good standing in the USA..
Comment by eaglescout | November 5th, 2008
Good standing is a formality. I’m sure they were in good standing in Denmark just before they declared bankruptcy.
Comment by Gene | November 5th, 2008
They seem to be doing well in Germany! How could they
go bankrupt in Denmark? Where can I find this info?
Comment by eaglescout | November 5th, 2008
Hi Gene,
Go to the Central Business Center of Denmark.
Comment by Gene | November 6th, 2008
OK I went there and didn’t see anything about the company.
Can you point the way?
Comment by eaglescout | November 6th, 2008
I just wanted to see if you were really interested.
http://www.cvr.dk/Site/Forms/PublicService/DisplayCompany.aspx?cvrnr=28323611
Pingback by Can you get a good deal through DubLi? » The Truth @ The Spin Factor | November 12th, 2008
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Comment by mike | November 25th, 2008
You guys bashing companies, will be served in a lawsuit.
Just keep it up. It is easy behing a pc, to make false claims.
I am not a dubli rep, but have looked at the company module and the company is fine and in good order.
So do your research.
Mike
Comment by eaglescout | November 26th, 2008
Hi mike,
I really enjoyed your empty threat; It lacks creativity and correct grammar, but was amusing nonetheless.
C-
Comment by Bob | November 26th, 2008
Even if you guys are telling the absolute truth, you’re a bunch of pricks, and your penchant for getting in the last word on your own website is all the proof I need of it. I’m sure you have a life somewhere, maybe you left it behind the toilet on your last visit.
Comment by eaglescout | November 27th, 2008
Hi Bob,
Any scathing remarks are generally directed at people who are consistently and deliberately posting misinformation.
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Comment by Kate32 | December 10th, 2008
Hi Eaglescout,
you state that Dubli makes most of it’s money off of selling licenses. But, this is not my understanding based off a presentation I went to. Dubli business associates make money by selling credits.
When you sign up at either bronze, silver or gold level you are also given a certain amount of credits with your package. It is these credits that allow the person bringing you in to get paid. So the person, above me will get paid a certain commission of the sell of those credits to me and not a license sold. In fact, they don’t sell any license. They use the term licesne as a title.
Dubli, in fact, seems to be in the business of selling credits. They acution seems to be created to give the people a place to use those credits (and yes, Dubli associates don’t make any money off of items bid on, they only get paid on the credits purchased to place the bid). you’re right in the sense that they make more money by signing people up or getting people to use the site vs. the auction. however, I very sincerely pose the question, what is wrong with that?
Still searching for the truth. Thanks,
Comment by eaglescout | December 11th, 2008
Hi Kate,
“you state that Dubli makes most of it’s money off of selling licenses. But, this is not my understanding based off a presentation I went to. Dubli business associates make money by selling credits.”
It’s a word game inspired by creative accounting.
Think about it this way: Does DubLi allow you to join the network and make money without the transfer of DubLi credits?
If the answer is no, and you can only get DubLi credits from DubLi, then the credits have effectively taken the place of of a license.
“Dubli, in fact, seems to be in the business of selling credits.”
That’s a really clever illusion. The credits serve multiple purposes at different times. Usually they serve as gambling tokens. But when they bundle the credits with your advertising package they become a non-optional license to distribute more licensing.
So it is really important to ask if the credits are functionally licenses or functionally gambling tokens.
“They acution seems to be created to give the people a place to use those credits (and yes, Dubli associates don’t make any money off of items bid on, they only get paid on the credits purchased to place the bid).”
This is a really interesting point you just made. Say a dubLi associate is not interested in the gambling; just the ability to make money. You have a surplus of tokens you didn’t ask for, so instead of completely wasting them, you might as well gamble them.
Remember the 3% figure? That means it’s actually much lower, because part of the gambling comes from unsolicited/unwanted credits that were bundled with your ad package.
“you’re right in the sense that they make more money by signing people up or getting people to use the site vs. the auction.”
That’s not actually my claim; it’s not that they make more money from using the site; it’s that they make more significantly more money from selling tokens-as-licenses vs. selling tokens-as-gambling-currency.
“however, I very sincerely pose the question, what is wrong with that?”
According to the FBI selling licenses primarily for the right to sell more licenses is illegal.
The second reason is that bundled tokens are a waste of money to promoters who don’t want them. If you unbundle them, the promoter gets more value for their money.
The most important reason I can think of on top of my head, is that the odds of making more money than you started out with are about 3:97 if DubLi is legitimate.
In other words, for every $3000 you spend on DubLi, on average you will lose $2910 dollars.
And that doesn’t take into account the several ways in which DubLi can help you fail.
Comment by Eric | December 14th, 2008
First, there are so many errors in your argument that Dubli is a scam, you are truly reaching for straws on most of them. Dubli is moving into the US with systems you dont understand as we speak, and has a huge warehouse of inventory in Scottsdale AZ. Have you been there? Im guessing not.
Ebay had issues early on and was smart enough to resolve them as they arised. I do however want to thank you for helping those that want into “the opportunity” side of Dubli but are “fragile thinkers” like you, stay out for now so the people in the know can take as large of market share of what we know is already happening from experience. BTW- how much do you charge for your advertising space in this site? Everyone has an adgenda…..your no different.
Also, I made 3k in my first week in Dubli, but your right, it is a scam….keep up the good fight! Send me your home address and I will drive by in the Lambo from money made in this deal. Better yet, I will drive by in the Mini Cooper that I bought on the site. It will be awesome to actually drive a “Scam” that came at a great price.
research the gold rush, those that walked in first- won, while the rest of the hecklers lived with regret. History will repeat itself in this monster I can assure you. In an effort to protect the trailblazers, you have no idea who the Men and Women are and their reputations in business, that are taking a very serious role in grabbing up market share right now as I write this.
I hate to say it but in about 3-6 months you will be on the business end of the biggest “see I told you so” example of anyone that has ever bashed a start up on the web.
I found an interesting article about why peanut butter and jelly sandwiches are bad and that we really did not land on the moon on the web. Your in good company.
Finally and the real point is this, “what do YOU do for a living?” that should be a great platform to dismantle your entire position.
Comment by eaglescout | December 14th, 2008
For example?
For example?
Are you saying “the opportunity” is a security investment?
Depends. What are you advertising, and how much do you want to pay?
Can’t disagree with you there.
Hahahaha, Lambo as in Lamborghini? DubLi doesn’t make enough money from actual unbundled product sales to buy Michael Hansen a Lamborghini.
The only way Michael Hansen could buy himself a Lamborghini would be from secondary, not-”at-cost”, overpriced advertising
tools and subscriptions, such as the bronze, silver, and gold packages.
You mean, the one DubLi hasn’t yet awarded?
This is even funnier. If the “hecklers” had done their research, they would have gone to California and never regretted anything.
You know there’s this story about Joseph Smith, I don’t know if you’ve heard it. He claimed to have found golden plates and a lot of people joined his cult. I think people are still looking for them golden plates. Have you seen them?
Maybe historywill repeat itself after all.
And guess who got rich? Joseph Smith, not you.
Right. It’s all about reputation and you are a “trailblazer”.
Do you really think lying helps your reputation? How about Michael Hansen’s reputation?
Sounds to me like these Men and Women have indoctrinated you into a cult. If that’s the case, it’s not your fault. There’s nothing you can do about it. You have no choice but to believe that Michael Hansen is your daddy. Remember Michael Hansen loves you more than Jesus.
After all your lies of success, the only person that’s going to get rich with your money is Michael Hansen aka Jesus.
I read somewhere that DubLi is not a cult! What a coincidence!
That was the whole point? I thought you were trying sell me your religion!
Right, because public bankruptcy records from Denmark are meaningless. On the other hand, if I’m rich and successful, I just want to compete with DubLi. And if I’m poor I’ll just never understand the DubLi “systems”.
Oh well, if DubLi is a gold mine, then why does it matter if I say it’s a scam?
Comment by GlobalTradingPatron | December 17th, 2008
Just a word about the Joseph Smith example cited here. Not a good example as I have stated in the other forum: http://thespinfactor.com/thetruth/2008/09/25/dubli-another-complex-scam See comment 189. Joseph didn’t get rich from the Gold Plates, they were given back to the angel Moroni. But 11 other “Witnesses” saw the gold plates and then the angel took them back, good luck finding them. lol.
Comment by Unrelated | January 3rd, 2009
eaglescout, thanks for the heads up. Its obvious all the people ‘touting’ dubli are related to the scam, either directly or otherwise.
Eric, while slightly out of touch with reality, does have one correct point – those who come in first will make money, the money the other 88% will lose. Isn’t that the whole point of the pyramid scheme?
It was correctly said “There’s one born every minute” and it seems all of them are flocking to dubli, lmao.
Comment by Tony | January 5th, 2009
Hi eaglescout,
On this page you have the following quote:
“According to the FBI selling licenses primarily for the right to sell more licenses is illegal.”
Can you tell me how, other than contacting the FBI directly, I could find out if this quote is true?
Thank you!
Comment by Tony | January 5th, 2009
Also, I see from your original post above that you have the ability to update your site. You still list “Dubli.com – Delaware · Registration no.: 4153713″. But Dubli has since corrected that. Looks to me like it was a typo. The paragraph wordage is the same where ever those ads appear so they’ll probably never be able to find them all. But they have recently corrected it on their own business site. the correct info is
DubLi.com LLC
20C Trolley Square Suite
Wilmington,Delaware 19801, USA
Registration no.: 4153725
DubLi Network LLC
20C Trolley Square Suite
Wilmington, Delaware, DE 19806 USA
Registration no.: 4153713
Thanks!
Comment by Michael | January 9th, 2009
First let me say that I am in no way associated with Dubli either as an employee of the company nor as a independent representative. I merely stumbled across this while searching for information on research that I am doing.
Here is the statement (as published above) that is being questioned:
‘Dubli.com was established in June 2003 and is a privately held company registered in Delaware, USA.’
No where in that statement do they claim or infer that they have been registered in Delaware since 2003. The word ‘and’ is a conjunction which joins two separate sentences.
1. Established in 2003 is fact #1
2. Registered in Delaware is fact #2
Two separate sentences stating two distinctly separate facts.
There are many companies which come to the U.S. that were established well before there arrival and registration in the U.S.
Please re-read their statement closely and slowly and without bias and you will see what I mean.
Thank you.
Comment by eaglescout | January 10th, 2009
Hi Michael, you are quite right. It’s like padding your resume, DubLi style. Two separate facts presented as one. People were complaining about that in German-language forums.
They were even saying the office in Delaware was no more than the equivalent of a post office box. I don’t know if they were right, but the “new” warehouse in Arizona is nothing more than a small religious facility.
Comment by DMFnR | January 15th, 2009
Just doin’ some research… (minimal research, at that)
My head’s-a-spinnin’ since I found your forum (or blog, or whatever you call it).
I am a firm believer in leverage, which most home-based businesses allow the average person to take advantage of in a capitalistic fashion. You know, the whole “…you get out of it what you put into it” routine.
Unfortunately, most home-based business owners start their business with the intent of treating it like a hobby, expecting riches from the efforts of others while they sit on the beach. This isn’t an accurate portrayal of reality.
For those who actually treat it like a business and work to make sales (no matter what the product/service) income will almost inevitably follow.
As for the legitimacy of Dubli, only time will tell. I personally don’t want to give my money to a company for the “right” to purchase goods at a reduced price. I would rather do it for free on Craig’s List or any of the other millions of sites that are designed to do the same thing.
I know that I am not as smart as everybody else on here, but I am at least smart enough to learn from my mistakes. My mistakes include fiscal irresponsibility-practically GIVING my money to others in the past. Now you’d be hard-pressed to get me to open my wallet. As a matter of fact, I can’t believe that I am even spending my TIME with this post! I have more important things to do than ramble.
Comment by Mike | February 10th, 2009
DMFnR,
I noticed your post. I wonder, are you a member of Costco? If so, you are indeed already paying to shop. The only difference here is that oyu don’t have to get into your car to see if the deals make sense. If I get into my car, I have gas costs, oil costs, and of course a car payment that all go into the amount of money each shoppinf trip represents. If I go onto Dubli and look at, say 5 different items, I have spent a total of $4.00. With that $4, I have the ability ot determine exactly which product I wish to go forward with, assuming any meet my needs, or are priced advantageously.
Note, your Costco membership is around $75 per year. That is due up-front, before you are even allowed in the building.
Comment by eaglescout | February 10th, 2009
Hi Mike,
When you go to Costco, you don’t risk $3000 for a lottery, and you can buy the membership directly from Costco, instead of from some weird DubLi “customer” with an ugly-looking website who is willing to lie to you about the way DubLi works.
Comment by Concerned about eagle scout | February 13th, 2009
I would like to know who eagle scout is and what credentials this person has for making comments as stated in this thread about the comparisons of e-bay and dubli.
Comment by Wine | February 13th, 2009
I purcahsed a wine cooler and saved 125.00 this was a savings of 150.00. To me it was the real deal and I do not kow much about who sells what credit to whom…
Comment by eaglescout | February 14th, 2009
Dear Concerned about eagle scout,
Thank you for your concern. I am well.
Grade school math.
Comment by Ryan | February 18th, 2009
i’m addicted to reading these. i’m excited about the future of dubli. will these people come back and post the true results of their enterprise? will they return and explain how they were taken in by the lies? i’m watching my aunt gear up for the “launch.”
she says they are using “viral marketing” because it is the cheapest and best way to get the word out about their new and exciting product. YEEEE! she is also convinced that there will be a “media blitz” in the next few weeks. dubli will be on everyone’s mind!
in her pitch to me, she said, “don’t you think in the next few years everyone will be using the internet to do their shopping?” if you want to get in on the ground floor of internet merchandising, i’d say you are at least 10 years too late. dubli adds nothing to online shopping. the site offers no way to search for products. there seems to be a token item in several different categories (perfume, digital camera, gaming system), but no real choices.
i’m rambling, but my immediately family and i have been amazed (my brother claims to be embarrassed) at my aunt’s conviction that she will retire in 2010.
a few years ago, someone told her that San Filipe was going to be the new Cabo. She put down money for a condo. they never even started to build the condo. she lost 100,000US. so i guess this 3200 isn’t so bad?
rk
Comment by nobody | February 20th, 2009
I had an old friend of mine contact me about this. I have not looked into it yet, but I will, simply because he is a friend. I googled it just to see what is out there.
I am a business and investment consultant, and have worked with hundreds of companies, and individuals. I would never recommend that an individual work with a bankrupt company, that mandates a substantial upfront fee.
If GM doesn’t get a government bailout, and are going to declare BK, but decide that people can “buy in” to an MLM discount program to get lower prices on their cars, that wouldn’t make sense.
If a company has shown their character already by declaring BK because of a faulty business plan, why pay them a ton of money to be able to help them make more money?
NOW, I will admit that I don’t know anything about the plan yet. HOWEVER, by reading this thread it seems that those who are criticizing DubLi, are giving facts, references, and numbers. And those supporting DubLi are calling names, insulting people who differ from their views, and are citing future potential in place of past performance.
Comment by Andrew | February 24th, 2009
So here’s the thing, I went to work the one day complaining about my lack of hours, and the fact that I needed full time hours in order to make a go of paying down my bills. Next thing I know the assistant manager of my store is telling me she’s got a way for me to make butt-loads of cash real fast. Naturally Im interested, because let’s face it… who wouldn’t be?? She even has my store manager interested. Sadly I watched the 33 min online video as soon as I got up today thinking how great it would be to start it now on my four days off (note the lack of working hours)… so i watch the video… and the whole time Im waiting for the explaination for how Im about to make butt-loads of cash.. and honestly… its NEVER explained!? So I figured alright, rather than call my co-worker to have it explained I’ll do a little of my own research.. and TADA.. Found this… and I have to say Thank you for this.. I was skeptical from the get go anyway. Im not looking for a way to make cash fast.. though it would be nice. I’d rather find a legitimate way to earn money, in a steady pace.
Basically enough said. Im not in the market for a way to screw others out of hard earned money with promises of a fortune.
Comment by John | March 8th, 2009
I work in Scottsdale and would like to go by and check out the “warehouse”…Any idea on an address???
Comment by The Smart Skeptic | March 9th, 2009
Sketchy domain info; or at least; not a confidence booster.
I wouldn’t risk one cent with this company.
Dubli promo site:
http://www.smartwinshop.com/ why not a dubli domain?
Registrant:
Kate Davis
17005 SE 28th Street
Vancouver, Washington 98683
United States
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: SMARTWINSHOP.COM
Created on: 09-Sep-08
Expires on: 09-Sep-09
Last Updated on: 09-Sep-08
Administrative Contact:
Davis, Kate sdavis40@gmail.com <impressive gmail account
17005 SE 28th Street
Vancouver, Washington 98683
United States
(360) 828-8381 Fax —
Technical Contact:
Davis, Kate sdavis40@gmail.com < this is their programming dept. and they compare themselves with Ebay?
17005 SE 28th Street
Vancouver, Washington 98683
United States
(360) 828-8381 Fax —
Domain servers in listed order:
NS.MYSHOPPINGCOMMUNITY.COM < what a joke
NS2.MYSHOPPINGCOMMUNITY.COM
Comment by DB345 | March 16th, 2009
Hi Eaglescout,
Thanks for posting the articles and putting up with the crazies. Dubli-ous is obviously a pyramid scheme. The creepy thing is the lack of negative information on the web. How have they managed to suppress it or has there been so little interest in Dubli that it hasn’t made much news outside of the cult itself where everyone is trying to bullshit each other until the pyramid collapses? I watched parts of their jargon-laden videos and when people start using the kind of terminology that sounds impressive but means nothing I immediately switch off. How can anyone compare that crap to Ebay?
Comment by Dubli Scams Reviews and Secrets | March 16th, 2009
The Address is Wilmington DE (i live 20 minutes away) is for a firm that incorporates anyone who will pay in DE by providing the required “physical” address.
Here’s the company’s website.
http://www.incplan.net/about.html
Note the address at the bottom.
Basically, you CAN make money…by recruiting, recruiting, recruiting….but there are only going to be a few really good internet marketers (or MLMers with big downlines) who are going to be successful at that.
Comment by PJ | March 20th, 2009
hmm…Problem here guys!
I hate to be so…..NEGATIVE..but the enthusiasm, and cultish
behavior of some UPLINE people made me AGAIN SCEPTICAL.
I work in strategic research and I found the programmer that designed DUBLI site in Germany..he did a good job and designed other sites for Auctions. He is good and did another auction site too…Probalby on the cheap..I am getting a quote…
Comment by PJ | March 20th, 2009
Also to follow up on this…tey have implemented GOOGLE ANALYTICS which is fine but worse…much worse…..their image files are static so are the prices and tags….which means just that STATIC FILE..People pay me $$$$ of dollars to do research, I have a family member involved in this and I lost $20,000 in NUSKIN IDN I did not want to start OVER again
Comment by pandore | March 23rd, 2009
Very interesting post but nobody so far explained what is the detail of the so call bronze – silver or gold package!
Dubli credit…ok it’s mentionn every where but waht else?
An MLM software?
and what…?
Eaglescout I am sure you must be aware of what is in it…
Thanks in advance for giving us a good answer.
Pandore
Comment by Proper | March 25th, 2009
Keep up the good work Eagle Scout-
Comment by Charles Anderson Jr | March 25th, 2009
It’s amazing how many people don’t get it. But why bash the company and its business model based upon non-factual opinions by wannabees? Someone earlier said this is ‘no Ebay’. That is probably the most accurate statement made. The company’s business plan is to use it’s Xpress, Zero and Unique Bid platforms to attract customers for their shopping Portals and major retailers including the likes of Nordstrom’s, Macy’s, Neiman-Marcus, GNC, Starbuck’s, Southwest Airlines, etc….over 500 stores and somewhere in the range of 6mm products. It’s already worked in the EU where they now have something in excess of 3mm customers…all shopping through the DubLi portal and also participating in the Auction platforms.
If you’d like some free credits to try out in the coming weeks, shoot me an email: clajr1@gmail.com
Comment by umissedit | March 25th, 2009
Looking at the early post it would seem unfair to judge an idea when it hadn’t got off the ground yet. Duli came to the US in Oct. 08. The official opening of the site is 4/09. A reverse auction works when lots of people bid simultaneously. What Dubli has been in the process of doing here in the US, since Oct. 08, is building a Network of Associates / distributors base who purchase credits at different levels of entry.(The EU site is up and appears to be doing quite well. Nobody seemed to know or mention Dubli has two sites.) These credits are then given to the general public for FREE to generate interest to go to the site and check it out(an advertising expense).When they sign up to use the them they will also be your customer. The use of credits will lower the price making the purchaser happy and hopefully they tell others, Who will then also be your customer. That’s the small part of dubli. The BIGGER PICTURE, the main point of dubli is to be the site of choice when looking for other items through the shopping portal which is not available on the website till 4/09. Amazon makes billions as do other popular sites like Google that charge click thru-fees. Why do you think MS Live offers “cash back”, It’s to draw customers! Most sites have flashing ads, Just as this site does. I wonder how much you make for the ads you have here?. There have been many statements made about this concept some true and some just opinions and Like noses we all have them. I had to look at this three times before I understood it. Some people see things others don’t see. There is no free lunch in life but the draw of so called EZ money attracts many who think there is a free lunch. They become negative to anything that requires some effort or didn’t work for them. Many people go through live content while others pursue a dream. It may take several attempts to reach them but eventually they do to some degree and the journey is what makes life rewarding. Lastly, we all participate in the ultimate ponzie scheme,It’s called Social security.
Comment by EMANON | March 25th, 2009
The math is a bit more simple for this one…
Item cost (example) $800 (Who cares about mark-up or discount?! Item price is item price regardless)
cost for a $.25 “Bid” = $.80
# of bids to reduce item to zero = 3,200
revenue achieved for $800 item = $2,560
gross margin = 220% (310% minus 100% for actual cost of the item)
If you wanted to get into the entertainment shopping/gambling gig, they should give you a 60% commission on anything your consignees buy and no stupid sign-up fees. Honestly, you pay to give your money away?? They would still get 40% of all revenue for peaks sold and since the pricing model is 220% margin, they would still get 20% over true value of anything auctioned. That at least would be more compelling to join.
They do not manufacture anything. They only provide a shopping entertainment/gambling service. Any dollar earned is a dollar that some other poor schmuck lost. It is a pyramid and you are all bad at math. Go back to school before you try to breakdown a balance sheet, for the love.
Also, keep in mind that this is just another crappy product in a long line of crappy products coming out of Ivy League school spoiled brats who think that you are all 2nd class citizens and that your money should be their money but they don’t want to work for it. Instead, they farm you for your contacts (friends and family) so that they get the whole herd giving them your cash. They also get you financially strapped to this machine so that you feel personally responsible for its success, thus they have to give less of a crap. Wake up herd and get a real job.
Comment by Charles Anderson Jr | March 25th, 2009
EMANON, you still don’t get it….too bad for you. This is still just a retail program…it’s just a matter of how the company goes about getting customers and making the auctions something that is talked about as a result of the deal(s) they get. Very simple, not rocket science…fact is the model has been and is working in Europe. If the guy who first sold a ‘broken laser pointer’ on the web had asked you if you’d like to invest with him in what has now become Ebay, what would you have said?
That’s a rhetorical question of course….
Comment by George | March 26th, 2009
The guy who sold the broke laser pointer was a great lesson for us all…(well maybe some of us)
Whoever decided to charge people to get lower prices was also a good lesson…
Here are a few…Sam’s Club, Costco, Direct buy…etc.
Unfortunately most people who post here do not understand the business model…nor understand the reason to drive a lot of traffic to this site to rank high in the search engines…
Comment by Tom | March 29th, 2009
I think everyone needs to wait until April 1, when the Shopping Portal comes out. I have some close friends in Dubli, but I am currently on the sidelines at the moment. I have heard both the negative and positive sides. My opinion is that the Reverse Auction on its own is not enough. But if they do launch the shopping portal and give free credits to the shoppers for the reverse auction…then thats pretty cool. If I could buy $1,000 TV on Amazon.com or Dubli, but Dubli is going to give me free credits for the reverse auction, well then it’s a no-brainer. What I need to see are the prices. If their prices are the SAME as Amazon, but you get free credits, then I’m in. If the prices are higher, then in reality you’re still paying for the credits yourself and it’s kind of a scam.
Comment by j.ehrlich | April 10th, 2009
Most of the bloggers here at dead wrong or jealous—
Legal & Compliance Validation: DubLi officially announced that our business model has been legally reviewed and cleared by the 50 states & FTC for compliance with all marketing, auction, and gaming laws, and the company’s attorney was there for all to see. They will have an official statement regarding this soon.
They are being guided step by step by the leading MLM law firm in the country.
turns out this is NOT a scam—and people are making 6 figures/month
Comment by CU | April 10th, 2009
ehrlich -
They officially announced they will have and official statement soon? Sounds very official.
Reviewed and cleared by who in the states? The Attorneys General? No. State AGs are the counsel’s of the state and do not provide legal advice to individuals.
Comment by ifuwant2nouwill | April 13th, 2009
I was approached by someone in a bookstore who I thought wanted to be friends, after making a time to “get together for coffee” I was wammied with a legal pad presentation of how I could make $2700 per week using my “non productive time” e.g. watching TV.
She never told me it was Dubli but something called “worldwide” that is was “bigger than ebay” that there was “no investment needed” blah blah. I lost my job in September so I cannot afford to “pay for hope”, that is to pay now and wait later to see if I can get enough team members under me to (1) get my money back and then (2) make a profit.
So I started searching and ran across the name DUBLI. The more I read the more I am convinced this is what she wants to sell me. So I did some digging and came up with the links below. Thank you for this website confirming what I already suspected, too good to be true still is:
http://www.alexa.com/siteinfo/dubli.com – shows the claim of the popularity in other countries to be FALSE
http://www.alexa.com/siteinfo/ebay.com – shows Dubli is NO WHERE NEAR Ebay in clicks/activity
http://thedubiz.com/PDF/howitworks.pdf What you pay to “earn money” (page 2) – little backward since there is no product just “credits” with no guarantee of worth (see comp plan fine print)
http://www.alexa.com/siteinfo/dubli.com – Internet traffic rank
http://thedubiz.com/PDF/compensation-plan.pdf true expectations- very last paragraph on de-grading most important
http://www.auctionbizoverview.com – documentation on what is actually expected (licensing costs not given)
https://sos-res.state.de.us/tin/controller – Delaware info
You will be paying even more, eventually: quote “If you upgrade your license within 30 days, you only need to pay the difference between your current license and the license to which you are upgrading. If you upgrade after 30 days, you have to pay the full price of the license to which you are upgrading”.
The pitch about buying what you already would have at Dubli instead of Costco etc. is not to effective in this economy, I haven’t and will not be buying much beyond bologna for a long time to come as well as all the people I worked with that were laid off with me that would have been my “downline”. Just not a smart venture in any direction.
Comment by peezy | April 17th, 2009
George
“the guy who sold the broke laser pointer was a great lesson for us all…”
the guy who sold his broken laser pointer didn’t pay ridiculous start up fees to do so. you are comparing apples and oranges by putting ebay or costco in the same sentence as Dubli.
Common sense tells me that if Dubli’s auction platform was such a great and revolutionary idea they:
1. wouldn’t need to require such a large buy in for associates to promote it. why cant the associate buy $100 dollars worth of credits and grow his customer base from there?
2. wouldn’t need associates to promote it in the first place. think of how much money they would be paying these associates if they really did have a large number of customers buying credits. why not just cut the associates out of the picture and charge the customer less for the credits? thus bringing in even more customers.
why didn’t eBay need associates to grow and succeed? because the idea promoted itself!!!
Comment by depp | April 22nd, 2009
Dude.. whats up with Joseph Bashing?? how is that even relevant.. like the arguments, don’t like the dissing of Bro. Joseph. And sorry, the golden plates didn’t make him rich, it helped cost him his life. Seriously, have some respect. And keep some focus.
Comment by eaglescout | April 22nd, 2009
“Joseph Bashing”? It’s relevant because DubLi is using old west mythology as a marketing ploy with nearly the same level of deception as Joseph Smith used the non-existent golden plates to lure people into his invented religion.
I guess what I’m really saying is Michael Brudevold Hansen parallels Joseph Smiths inventions and knack for deception.
I’m not really dissing “Brother” Joseph Smith. I’m just pointing out how much Michael Hansen is like Joseph Smith. He needs a little more work on his cult following, however.
About the golden plates… no, they did not make Joseph Smith rich in the sense you are implying. But his little story about talking to God and translating golden plates did earn him a lot of riches in the form of tithe and multiple wives.
I have a lot of respect for Joseph Smith. The same as I have for Michael Brudevold Hansen and his posse.
Comment by depp | April 24th, 2009
eagle scouts are trustworthy loyal helpful friendly courteous kind obedient cheerful thrifty brave clean and reverent right? At least that is the claim.
“not really dissing” is not “really” honest now is it? You are dissing, and that is clear, and you do not have the respect that you claim, so it is not really honest to say that either, let alone kind. If you claim to know something of him, then clearly you know how he lived in relative poverty for much of his life, If you are trying to bring the truth out about this company, don’t forget to align yourself with it as well.
you are not the first, nor the last to express some kind of bitterness towards the LDS Church and Joseph Smith. I don’t know your background, but whatever happened, I am sorry that it did. I invite you to learn more, and I will try to be forthright in all my answers, I believe you have my email address if you wish. Best of luck in your posts.
Comment by eaglescout | April 24th, 2009
You may recall that I respect Joseph Smith as much as I respect Michael Brudevold Hansen. As you can see, I’m very sincere about the amount of respect I have for Joseph Smith.
As for dissing Joseph Smith, well if you consider equating Joseph Smith with Michael Hansen, “dissing”, then perhaps I am dissing Joseph Smith. But it raises a very interesting philosphical question: Am I not actually dissing Michael Hansen by comparing him to Joseph Smith?
I believe so.
I don’t claim to be a prophet like Joseph Smith. All the Latter Day Saints I know are very honest about their doubts regarding the Church, and behind closed-curtains I’m sure you discuss your doubts about it as well.
The fact that most LDS members are honest does not mean that Joseph Smith wasn’t.
But don’t worry, most religions start out as fraud. A few out of schizophrenia.
Comment by beavis | April 24th, 2009
depp has found “truthiness”
Comment by Cameron | April 28th, 2009
Wow, eaglescout… pretty presumptuous to be bashing anyone, especially Joseph Smith. I take it you are in the “right” religion, which is none at all? Yeah, good luck with that… Like Depp said, stay focused–ON topic. Most of us have appreciated the Dubli conversation, but when you started going off in “self-defense” mode as if to say that you’re right no matter what, you lost my interest.
+1 for Depp, -1 eaglescout
Don’t even bother to post a comeback. Doing so will simply show how all you care about is reading and sharing what you think are your own brilliant replies. I would appreciate it if you would share more facts about Dubli, less rambling about your dirty laundry/theories/hypothesis/philosophy/opinion/garbage. And please, I ask again, don’t reply–it will only prove my point.
Comment by Insidious | April 28th, 2009
So if eaglescout doesn’t reply to you it doesn’t prove your point?
What exactly are you trying to say Cameron? And why aren’t you talking about DubLi? Sounds to me like you are off-topic.
Your comeback sucked. Try again.
Cameron -∞ : eaglescout ∞
Comment by eaglescout | April 28th, 2009
Thanks, Insidious. I’m not sure why Cameron thinks replying will prove his point. I’m not even sure what his point is supposed to be… I guess Cameron thinks that responding to a post means losing an argument, in which case he is being hypocritical. I’d much rather discuss how DubLi is built on deception than continue discussing Michael Hansen’s 19th century counterpart, but if people like Cameron and depp keep bringing it up, then I should probably give them the courtesy of replying…
Comment by CU | April 28th, 2009
Cameron – Heads I win, tails you lose.
Comment by Cameron | April 29th, 2009
Insidious = Insignificant (as in your post adds nothing), but sly name choice (by definition, you are just waiting to entrap…good luck with that)
eaglescout = Okay, you win–and you DID reply, and you DID prove my point. See, you CAN lead a horse to water and make him pee in it. Everyone knows you ARE the smartest man alive. I give up trying to convince you otherwise. And you may even be right about Dubli–I came here to get it straight from the horse’s mouth, and you gave it from his mouth AND his, well, you know–the other end.
CU = Well? Guess you’re more confused than us all?
Back to Dubli…
Comment by eaglescout | April 29th, 2009
Hi Cameron,
I did not reply to to the post you are referring to. I was responding to Insidious’ post.
Regarding post #65, what point are you talking about? I’m having trouble following your logic.
What led you to think I am “the smartest man alive”, and why would you bring it up?
Comment by JTFP | May 1st, 2009
I’m still not convinced that everyone has done a thorough job in researching this DubLi thing. I’m not convinced that it’s all good or half bad. I’m trying to see the forest from the trees before I decide one way or the other.
I’ll first say that I’m not an expert on DubLi nor should my comments be taken as fact as I can make mistakes. Before the reader assumes that I am correct or mistaken I urge you to research it for yourself. I have not researched the founder of DubLi but have been told that his very successful food chain in EU when bankrupt after he sold it. I have not researched the accuracy of a DubLi bankruptcy in EU and the site provided is in a different language so I can’t read it.
Based on my research, over the past 30 calendar days (15-20 hours), I can see that some of the things that have been said above are true and others not. Many of the things that are true and “derogatory” are a snap shot in time before the site goes “public” after the shopping portal tab is added. Right now, the only people participating in the auctions or “games” are those who got credits when they bought their license or friends they sent a few credits to check it out. You won’t see much activity on the DubLi (usa) site until after the shopping portal is add. Few credits are being distributed until that happens. Also, the items in the “completed auctions” record are only a subset of the total items that have been offered over the various auctions. I will not try and respond to them all whether I’ve found them to be true or not but here are some of the most important ones from my vantage point:
1 – When first introduced to the site I immediately thought that if the point was to get people interested in the auctions, it was worthless but only the Express is an auction, Zero and Unique bid are games. Then I thought I don’t want to have anything to do with gambling. Then I learned that there is little participation in the two “games” but mostly in the Express option which is an actual auction. I also learned that the Unique bid area limits you to making 3 bids in a month, so that limits someone to “gambling” if you will $2.40 per month. I’m not aware what restrictions exist on the Zero, perhaps none and that would be more like gambling. I haven’t resolved that one yet but though I think it’s unwise for people to “gamble” each week on the lottery, some will and I don’t.
2 – As for the rational of the auction its not the goal, it’s just to create a spectacle. Just like Google built their search engine (not out of the goodness of their heart) to provide something that people will keep using to get eyeballs and generate click through and revenue share on products that people bought. The spectacle that DubLi is creating is for people who are in the market to buy an ipod, or a camera or shop at target or walmart and see where a stranger or better yet a friend got a deal on something they already wanted to buy. From that spectacle, they see a shopping tab (suppose to come sometime in May 2009) they can shop on-line for an item of interest. If they buy it from the shopping side, they get rewards in the form of credits. Sorta like getting rewards for using a credit card but can only be used to bid on items on the auction side. It would be nice if those could be used to buy products but that would eliminate the revenue share on the credits. I guess that’s why you have to use 2k-3k of credit card reward points to get a $15 gift certificate for blockbuster video. Not a big reward but it is an incentive. The auction side is intended to create the spectacle where people will see that they can shop on DubLi instead of going directly to Target, Walmart or Apple’s site and receive DubLi credits. Not to mention, if they still use their Visa or MC they will still get those reward points.
3 – The compensation plan is based on multiple sources. I think there are 4 or more but I’ve not drilled that far down. There is compensation based on others joining DubLi as a license holder, but that is a one time event (no residual). Then there is ongoing income from the purchasing of credits by those who want to participate in the spectacle. Then there is the revenue share that DubLi shares with the license holder (like a franchise owner) who introduced them to portal for click through on the shopping portal side and a percentage on the products purchased on the shopping side. That revenue share is not a big percentage but if I could get .01 to .05 per click through or .5% on the volume of purchasing done by everyone who made a purchase through DubLi, that could grow very quickly and become passive income that could grow over time.
4 – You don’t have to buy credits when you get a license. The various “packages” have to do with the discount you want to get on buying credits to distribute to others (advertising) dollars if you will. You can get just a license for $175 and buy no credits ever. You would still benefit from all the other income streams except the discount margin on your customers who bought credits. If as a business license holder, you have credits and you got them for $.68/credit, any credits you customers buy, you get the difference between $.80 and $.68.
Enough of my vantage point, what I want to know is whether others who have a reasonably good understanding of their own shopping behaviors and motivations, does it seem attractive to choose to do your on-line shopping through a portal like DubLi if you could get it for the same price if you got rewards in the form of credits that could only be used on the auction side?
Secondly, is it enough of a spectacle to have a chance to buy the iMac computer for much less than retail to go and “participate” regularly?
I welcome open dialog that is intellectually honest.
Comment by user3b | May 3rd, 2009
Just two questions:
Why can’t you pay for dubli purchases using a credit card or paypal?
Is it because dubli is a gambling site?
Comment by dubli network | May 7th, 2009
You CAN pay for DubLi purchases with a credit card. Don’t go by what others say. Read the site. It says right on there you can.
That was a great post above.
Comment by beavis | May 8th, 2009
JTFP,
Good post. Don’t expect much from the shopping mall; it’s nothing more than a rebranded rewards site that is as common as dirt. The auction has been around for years now and hasn’t done hardly anything so I think the “spectacle” hype is starting to fade. What has Dubli got going for it? I really don’t know. I keep hearing hype. “Oh, they are so smart”, “Oh, they are so successful”, “Oh, the business plan is so awesome”. My response: “Show me the money; all of it, just like the big corporations have to do every quarter; then we’ll talk”.
Comment by CU | May 8th, 2009
“I also learned that the Unique bid area limits you to making 3 bids in a month…”
Where did you learn that? There is nothing in the GTC or ‘How does it work?’ section to that effect. There used to be a comment about a limit of *winning* three auctions per month in the later, but that has been removed.
“As for the rational of the auction its not the goal, it’s just to create a spectacle”
Dubli states ‘”Credits” are the engine that drives our business.’ From a Business Associate compensation view, the auction is the goal.
“If they buy…from the shopping side, they get rewards in the form of credits.”
Is that how the EU shops work in practice? I’ve seen web chatter to that effect regarding the ‘planned’ US site, but haven’t found anything on the EU site that suggests such a rewards program exists.
“The compensation plan is based on multiple sources. I think there are 4 or more but I’ve not drilled that far down.”
It’s all there in the Comp Plan Overview, assuming that has any relation to the Dubli Network Compensation Plan referenced on the registration page. Of course, the later has no link, so it’s difficult to confirm.
“Then there is the revenue share that DubLi shares with the license holder (like a franchise owner) who introduced them to portal for click through on the shopping portal side and a percentage on the products purchased on the shopping side.”
I don’t see any such compensation in the current plan.
“You don’t have to buy credits when you get a license…You would still benefit from all the other income streams…”
Not true. As stated in the Comp Plan Overview and Dubli knowledgebase, BAs must purchase $499 in credits before they can earn any commissions. The Comp Plan implies it’s also an annual requirement. The stuff about not getting commission on customer credit purchases only applies if a BA passed the initial gate, but then subequently let their personal till run dry.
Comment by Ihavefoundtheanswer | May 19th, 2009
I would like to thank this site for the last couple of hours of entertainment that I have recieved in reading the comments on Dubli both positive and negative.
I have recently been introduced to the Dubli marketing plan and can say that while being skeptical I was not narrow minded enough that I couldn’t put my scepticism to the side and look into it.
I have read with intent some of the postings and much of the information provided by the negative side would appear to be reasonably biased (to be expected given the nature of the site).
When I was approached and given information on Dubli I was told in no uncertain terms…. “do your own due dilligence”. I am happy to say that most of the negative case given here (with the exception of the bankruptcy bit in Denmark that I am still pursuing) appears to be based on not having an understanding of how the marketing plan works. To put it simply…. if you dont like the shop, dont shop there…. others will.
To finish I would like to sincerely thank the posting by ifuwant2nouwill | April 13th, 2009. In this you have led me to a couple of websites that have quite frankly sold the Dubli case for me.
http://www.alexa.com/siteinfo/dubli.com – Internet traffic rank
http://www.alexa.com/siteinfo/ebay.com – shows Dubli is NO WHERE NEAR Ebay in clicks/activity.
Now I understand that there are Lies, Damned Lies and Statistices…. BUT what this website has shown me.. assuming it is reliable is quite exciting.
This site showed that Dubli on the latest figure has achieved a measly 0.00379% of internet traffic hits, by comparisons to ebays 2.061%. Still latest statistics show (Source http://www.internetworldstats.com/stats.htm) that there are 839,066,446 internet users in the marketplace where I think that Dubli is operating or starting to operate. Lets assume (just to play a game for a minute) that each and every internet user makes 1 hit for the month that is opens 1 internet page and then closes it! (not unreasonable I would expect) thats 839,066,446 total hits for the month. looking at the 3-month average as supplied by “alexa.com” that equates to over 9 million hits at least on the Dubli site….. Id say there are a few people at least who like the shop! Further to this…. and I think the more exciting part is “alexa.com” shows that Dubli has had a 30% increase in internet traffic over the 3 month period…… I think that means it must be growing… I.e. more people shopping at the Dubli shop.
So thanks you again for all of the information and I will happily psot another responce in a few months to let you know who was right.
Comment by roland | May 24th, 2009
u just saved me 800 $ bud! i was seriously about to sign up and start promoting it on my blog , then on the google search results i saw your link just below dubli’s so i checked it out. i still have the 10 credit my friend sent me to check the “auction” out. anyone wants it?
Comment by ISPAdmin | June 16th, 2009
EagleScout you need to redo your maths
“Dubli makes 4 dollars on every dollar discounted.
If a $400 item goes down to $315 and is purchased (Game #1), Dubli makes $75 * 4 = $300, and they come up 100 dollars short, because they have to pay for the item they “gave away”.
Dubli only makes money on Game #1 if they set the starting price above 75% of the market value.”
What you have here is correct except that you forgot to add the $315 dollars the customer bought it for. So that makes the comment “Dubli only makes money on Game #1 if they set the starting price above 75% of the market value.” above incorrect.
So (not taking into account bonus Paid out) This particular “game” (as you call it) actually made $615. So:
$615 – $400 = $215 to Dubli.
Now lets examine this
The Supplier of the item gets paid $400 (he is happy)
The customer who bought it at a saving of $84.20 (cost them .80c to check price and decide to buy) is happy
The person who promoted the site to him made a small amount off the click so they are happy.
Dubli made money They are Happy
People have the choice to spend .80c to possibly save hundreds, and lets face it after 4 click on an item the 5th person could buy the item and not loose their .80c. You have to be terribly unlucky to be in those first 4 clicks every time.
Now I am Pro Dubli and I will tell you why. I have been in the IT game for 20yrs and even today with so many people on the net the average user still does not understand the power or the future of the net. I do because its my job I have seen lots come and go but this one I am backing.
Comment by Jim Johnson | June 16th, 2009
Post the new stuff first and drop the old outdated comments. What is your motive? Do you think you really serve a purpose with your site? It’s the only one like it concerning Dubli. How do you benefit keeping the site up? You never answer any of those types of questions. You’re a PINHEAD!!!!!
Why would a business that has more resources and far more money than you, get involved with Dubli. Because it makes sense. As time has gone by things you’ve criticized Dubli for have not been accurate.
Post the following prominently so other can decide whether Dubli is good or bad.
Martin Berns, Chief Executive Officer of BSP Rewards, stated, “Network Marketing has been a successful and productive channel for BSP thus far and we are pleased with our ability to continue to capitalize in this area with leaders in the industry. We are excited about working with our new partners at DubLi. In only a few years DubLi has grown their international customer base by adapting to what consumers want — high quality products, a unique reverse auction concept and the ability to increase their incomes by doing something they love. We look forward to offering DubLi’s customers the ability to earn while they shop and provide BSP’s network of memberships the opportunity to shop through this new vehicle.”
Michael Hansen, Founder and President of DubLi, commented, “The new opportunity created by combining two shopping alternatives, who are both recognized leaders in their respective areas, is unparalleled. We see great potential synergies for both shopping portals to grow and diversify while strengthening their respective market positions. We were searching for an appropriate US national network of merchants that would provide our customers an opportunity to earn and save. After be introduced to BSP Rewards, we didn’t have to look further.”
Comment by geminio | June 17th, 2009
I am still amazed at how many people fall for these scams. Now, I don’t want to sound like I am on a high horse, so let me explain something…
I was caught up in a scam similar to this and I sounded like all of these people defending Dubli! It is amazing how these “psychological” scams are able to convince people of almost anything!
It doesn’t matter if you call it Dubli, Mary Kay, Amway or any of the other MLM scams. They all have the same basic premise.
The only positive thing I can say about Dubli or any of these other scams is that I wish I would have come up with the scam. There are so many stupid people to make money off of!
IF you want to be wealthy it is rather simple:
Get an education
Save
Get a job
Save
Get a better job
Save your money
Most millionaires in the United States did not make their money from owning a business or inventing something. They made it by saving their money and making wise choices in their lifetimes. It truly isn’t difficult to make a million dollars in the US. It isn’t how much they saved, it is about consistently putting money away. You can easily retire at 50 if you start putting 10% of your salary away when you are 20. If you wait until you are 60 to retire you would have a lot more. For instance… Take 10% of your 30,000 yearly Salary. 3000.00. Now simply have that diverted to a investment vehicle that is tied to the stock market. The stock market has averaged a 12% return since it started. Now what would you have if you just invested 10% of your salary over 20, 30 or 40 years? This is a conservative estimate based on you only making 30,000 a year for the rest of your life!
20 years: 249260.71
30 years: 885115.78
40 years: 2995806.86
Once again, I am not charging for this information! It is free! So if you want to see a million dollars in your lifetime, stay away from Dubli and MLM schemes.
I am 29 and put away 15% of my salary. I have been doing this since I was 20. Before you say you don’t make enough to do this, consider this… If you get Starbucks M-F at 4.00 a pop, over 30 years, you lose 254437.05 in interest alone on that 80.00 a month at Starbucks. Put away 5% if that is all you can do. Eat out for lunch everyday at $7.00 everyday? How about making your lunches on Sunday for the week? You can get the cost down to $1.00 for lunch. That is 30.00 a week you could be saving.
Another benefit? If you were to get laid off or have a costly medical procedure, you have the money to take care of it and move on without financial ruin.
This is the secret to being wealthy. Quit wasting so much energy and time on making others rich.
Wishing everyone all the best!
Comment by eaglescout | June 19th, 2009
Good advice, Geminio. I particularly want to highlight this part:
Yes, there is a psychological component. I’ve heard about doctors and lawyers who get mixed up in dubious “opportunities”. A lot of people want to believe that they can make millions with little effort or questionable strategies, and ignore statistics and reason.
Comment by Ozflt | July 22nd, 2009
Hi Eaglescout..
Whoa! you appear to have done your homework.I have friends trying to sign me up here in Australia.. Stating that it is opening in Australia in October. They are signing up Licensee here in preparation for the Oct opening.. I was at a meeting and had many questions, and I asked what guarantee do you have that it will be starting in Oct.. The guy said, well the big guys out from the USA in Sept to hold meetings.. So he said, I figure they are serious about starting here. .. Of course the guy is making money, but only from signing up licensees..as no Aussie can buy from the usa or Euro site as the company doesn’t ship outside those areas.. I was told by this fellow that they dont have warehouses that store the products, that it all comes from the wholesale companies, those companies ship it to you not Dubli !. Then I put the same question to someone else that was in the company and she said, well we would all get our money back if it didn’t start.. Things just dont add up… It is a binary system not a pymarid system.. have enjoyed the positive and negitive comments of this site..
Comment by OzzyBoy | July 27th, 2009
I’m amazed to see that 78 posts later and not one person has asked an obvious question: why on earth would someone of the calibre of Prof Dr Charles W. King (Chair at the faculty of marketing, University of Illinois – http://tigger.uic.edu/htbin/ldap_search.pl), associate himself and co-found the DubLi Academy with Michael Hanson. Surely he is not only compromising his academic reputation as a world authority on network marketing trends, but also, by establishing a DubLi Academy, he would be risking being indicted for misleading educational material.
Comment by west oz guy | July 29th, 2009
you guys are kidding, eaglescout, i bet youve never had a go at anything,worthwhile that is you would bag anything ,i know your type.how does someone drive away in a new merc for $8000.50.its white with dubli number plates ,oh hang on that must be bullshit too hey eaglescout (cubscout) should be your name…
Comment by Taylor | July 31st, 2009
Gemino,
The stock market?
You’ve got to be kidding!
I am glad you are saving your money…But most people know that after 40 years (if you are still alive) Your $2995806.86 is worth about one tenth that!
I would go with some of your plan…. except lay off Starbucks for a year so I could buy a Gold package!
My 8 bucks a day will then go into a business plan that will exponentially grow at an accelerated rate far beyond what the stock market alone could do.
Now I can afford Starbucks for the next 39 years.
Take the 100 g’s I make in the first year in DubLi and put 50% of that into real estate since we are at the bottom now, and the maybe 20% into stocks, Thereby increasing my investment in stocks, 10% into Gold, and live off of the rest. (while still working a good job until I want to fire my boss)
I appreciate your sound advice, but when something like DubLi comes along you have to jump on it, and incorporate it into a sound business model.
Statistically; most new brick and mortar businesses eventually fail. Why do people talk people into investing in those as partners? Who looses on that huge chunk of the economy?
I have not seen a brick and mortar biz yet that costs less than a DubLi gold package.
Look for a good opportunity like DubLi and capitalize on it!
Calculate the return, and do it.
You will enjoy the trip to your millions much faster.
Comment by Alex | August 15th, 2009
History has taught us at least one thing and that is that there will be opportunities that some have capitalised on & others haven’t.
It comes down to the individual and how risk adverse they are.
If you see something then it’s no-one’s right to tell you what you should do.
I am from Australia and I have seen DubLi.
I like what I see and you should do what you feel is right.
If it’s proven to be wrong, then learn from it and move on. Otherwise, congratulations for backing yourself.
Comment by Oby | September 30th, 2009
I am an Australian being asked to purchase a package from DubLi. I am very unsure how this is going to ‘take off’ as I sure wouldn’t visit a site and pay .80c to see what I ‘could’ purchase a product for. As for purchasing products for well under retail (ex – a $100 voucher for only $5.25) I don’t understand how it could get that low? Why wouldn’t someone purchase it for $30, or $50 or even $70??? You would still be saving money….this doesn’t make sence to me. I hate the word scam, and wish anyone that does enter the DubLi world luck, but sorry this one is something that I can live without.
Comment by Stan | October 23rd, 2009
Funny how some Americans are critical of Dubli after Lehman Bros, Fannie Mae, Freddie Mac and AIG and others (now supported by the Fed) almost bought the entire planet to its knees and have bankrupted America for the next decade or so!
Comment by Aussiegirl | October 26th, 2009
Hi
I haven’t enjoyed reading such a variety of opinions and facts and bagging out for a long time. Thank you for an afternoon’s entertainment. I started out looking for info about Dubli after someone I know urged me to look at it, and found this great website which I have since bookmarked.
It’s interesting how people who have bought into the hype of Dubli (and/or religion – not that they are the same) become derogatory when anything is said against their particular passion. If you are truly comfortable with your beliefs and choices, why do you need to convince others they are wrong if they don’t think like you, or insult them? Surely you can let others have their own opinions regardless of whether you think they are suckers (the ones who have bought into Dubli) or the ones who live in ignorance (those who are without belief in religion or Dubli for that matter)…..
Personally, I think there is a lot of great info in this forum which has helped me make a decision to use my money in other ways to create an abundant future for myself (i.e. not joining Dubli). Thanks for that. By the way, eaglescout you rock! Keep up the great work.
Comment by kiwiluck | October 27th, 2009
Good afternoon from New Zealand.
Thank you all for your comments regarding Dubli. Its apparent that a global marketing strategy of this company is heading downunder and its impact appears to be receptive to a few Kiwi’s who have attended Dubli seminars in Australia.
One of these Kiwi’s rang me, expressing her uncertainty whether to invest her thousands of dollars on the Dubli package.
hmmmm… She will make a decision on my opinion and the above comments are instrumental in what I will tell her.
However, taking into account the above comments, my own values and principles that I apply to making money online and of course the person who asks for my opinion. I am no marketing guru, I do not profess to be a mathematical genius, I do profess that “People Before Profit” and “Wealth Is As You Perceive It To Be” not necessarily in dollars.
But least we forget, human behavior compels us to want to make alot of money sooner and quickly, at the expense of our own or other peoples money and time!
In conclusion, I will tell her not to invest in Dubli, put her money into property/real estate in Australia (she has 3 properties in NZ).. tried and true investment’s, minus the short term turnover that Dubli prospects may or can make.
Take Care! If Its To Good To Be True… You Decide!
Comment by david | November 23rd, 2009
Hi to all,
great reading the posts, am looking into Dubli as others.
1, as the shopping portal has been released since april in the US, has any of the Business associates made money? if there is anyone on this forum or knows of anyone, please post a copy of a bank receipt Monthly statement . I would like to see a tangable piece of proof .
shipping costs,
I have some free credits and went on to look at a couple of prices of a product that i might have wanted to purchase and what i found (at the moment, due to early days i know) is that the cost of the product was lower than the standard retail price, but when adding the shipping price to OZ it worked out more expensive ! 3 times and different products .
Now will there be a factory in the future based in OZ where the shipping will be a lot less? or will we have to pay the high prices , which in turn leave us biding for the price much less than say someonne in the US .
Comment by david | November 23rd, 2009
Hi guys,
a couple of extra questions if you don,t mind
DUBLI EU site,
Why is there only 90 products on auction? this has been operating for over 3 years now .you would think it would be well established and thriving, with 100,s of choices.
FOR HIM section, only 7 items 1 watch , 2 perfum s etc
Why isn,t it in French ? over 60 million residents, seems like a good market to me .
Why don,t they have a shopping portal, with Debenhams, Galerie Laffettes etc , such as the US?
Comment by kees | November 23rd, 2009
Dubli-Europe never has been the “huge” success Dubli promotors would like you to believe, right from the first Dubli “Global Trading Portal” version that went online in May 2004.
Michael Hansen et al. have been promoting their various ‘compensation plans’ to pay and become an “Ambassador” (or “Business Associate” in more recent Dubli-speak) for “TradingValues” (the forerunner of Dubli) from the middle of 2003 already.
From May 2004 untill Juli 2008 Dubli EU was a regular eBay-clone-like portal (in between the various hick-ups and “re-launches”), with individual sellers, with (eBay-like) shops, with fixed price items and with (regular eBay-like) auctions.
The highest number of online items ever available on Dubli was about 174,000 in April 2007 – most of which were music CD’s and movie DVD’s. (the number of items can be easily counted via the many archived dubli.com pages in the wayback-machine internet archive)
They added the “SmartWin” (now: Unique Bid) auction in June 2007 (and introduced the Dubli “credits” to be able to participate in the SmartWin auctions), but finally closed down the whole eBay-like Dubli site in July 2008. See these 2008 messages at a Dubli-affiliated site:
“Dubli shocks customers” (translated from German)
h t t p : / /news.preisklopper.de/allgemein/dublicom-schockt-kunden/
and: “Dubli closes the marketplace” (translated from German)
h t t p : / /news.preisklopper.de/allgemein/dubli-schliest-den-marktplatz/
Then, a few days later (also in July 2008), after having completely ditched their *original* Global Trading Portal idea (which had been developed and hyped for over 5 years), the brandnew Dubli EU site came online, with just the 3 “fun” auction types:
the current Xpress auctions, the Unique Bid auctions, and the Zero auctions.
Sometime later they also added a Kelkoo-based shopping search engine, and then somewhere in 2009 they retired the Zero auction again and also suddenly the whole Kelkoo-based shopping engine vanished from the site, and has been AWOL ever since..
Shipping costs to anywhere outside Germany are rather high (to put it mildly), like 225.95 Euro for a 32″ TV to the UK and up to 305.95 Euro to Greece, but also much smaller items just have too-high shipping costs for anyone outside of Germany.
(Similar high shipping costs appear on the US site for customers who happen to live in Mexico) (and shipping to Australia/New Zealand also isn’t really cheap)
In Europe, Dubli had been boasting for years about how the Dubli Global Internet Trading Portal would become truly multi-languaged, but indeed it seems they left out the French (and Italians, and Greeks, and any other language except for English, German, Spanish and Danish).
Considering the fact that Dubli EU now has only 2 kind of “fun” auctions and no shopping portal like the US has, AND considering the following statement (from dublitheperfectbusiness.com) to Dubli critics:
————————-
“How can DubLi sustain itself?
It can’t sustain itself on auction revenue, and no one has ever claimed that it would.
The objective of DubLi’s auction unit is not to sell product. It is instead to drive traffic to the portal, while selling as many credits as possible (and ironically, while selling as few items as possible).
DubLi is a shopping portal, not an auction house.
Its success is measured by the number of shoppers it aggregates and sells.
The amount of auction revenue generated is irrelevant and has no bearing on DubLi’s success or sustainability”
————————-
it becomes clear that Dubli EU is a non-success, ALSO according to Dubli OWN standards.
(more additional info in the mega-thread “Dubli, another complex scam” elsewhere on this site, as well as in the “Dubli-Unofficial” blog linked to my name on top of this post)
Comment by kees | November 24th, 2009
sorry, correction:
‘compensation plans’ in the 2nd paragraph, should be “Bonus plans”
Comment by Belinda | November 26th, 2009
Dubli is listed on the public stock market!!!
Look at what companies have to go through to be able to do that………
Highly legal!!
Comment by Only Facts | November 26th, 2009
Belinda
Dubli is not on the stock market. Simple
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Comment by Sam (AU) | January 14th, 2010
I thought a succesfull marketing concept would ideally include providing some sort of lucrative incentive to the shoppers rather than having to pay .80 cents to unfold their destiny. Dubli concept is good but sounds more like a addictive game with less chances of getting the reward.
It is too harmfull and addictive for young people who don’t understand how much they are loosing to gain something little.
Comment by kaybe | January 25th, 2010
A lot of Dubli’s hype is centered on being an alternative to Ebay. If there was any truth in this from Ebay’s point of view they would look for ways to attack Dubli with litigation. Starting with the similarity of the logo. The fact that Ebay does not appear to have done so (correct me please if I am wrong on this, could not readily find any references) tells me not that they think that Dubli are above board and squeaky clean, but rather that they are waiting for it to implode under its own scamminess and saving themselves the cost and pain of litigation.
Comment by Leo | February 7th, 2010
Hello EagleScout I have spent a few hours reading this blog after being sent information about Dubli. I am out of work, and am having trouble finding it. I probably fit the profile of the type this company targets. Reading the literature and listening to the audio feed I found myself being sucked into and believing (if a little tentatively) what was said at face value. It was only that I was suspicious enough to want to get some outsiders opinion, that saved me. I want to thankyou Eaglescout, this is a truely worth while blog that im sure has saved alot of people alot of anguish.
Comment by Supportive | February 8th, 2010
Hi, please keep up the great work in keeping the discussion going. Eagerness to make quick money often blinds people to the obvious. Having someone present the simple and obvious information and data, and leaving people to make up their own informed choices, is fantastic. Those who want to believe will condemn, those willing to make informed choices will appreciate the discussion.
Comment by Cody Viverette | February 16th, 2010
Hi just thought i would tell you something.. This is twice now i’ve landed on your blog in the last 3 weeks searching for completely unrelated things. Spooky or what?
Comment by Aussie Blah Blah | March 2nd, 2010
Hi,
Thanks to all for their comments and views. This has been very interesting for one who has recently been approached by a DubLi operator (also in Australia).
I was told they are having a national opening/roll-out on April 1, 2010 (seeing the Aust. and NZ posts the great national roll-out seems to happen on a regular basis)?
I’m presuming this is simply to entice people to think they are at the forefront of the greatest expansion since the Roman Empire, but if possible could I get some clarification from others (as to whether they have heard similar claims upon approach but with vastly different dates for the great national plan).
Cheers to all
Comment by Sold! | March 8th, 2010
My Experience:
I bought into the Dubli program with a Gold Membership at around AUD $3000 in 2009.
This was sold to me by a trusted family friend & experienced businessman who admittedly, has been a long-time supporter of pyramid schemes.
I am currently watching my investment plummet towards its 365 day expiry date, when both my credits & membership will become null & void.
Although I could continue the mantra that Dubli is a “gold mine” & try & gain a partial return on investment, I want to testify that the information provided here is correct in saying this is a waste of money that will lead to no gain for the individual investor.
Certain “VPs” may earn money by convincing hard-working people to give up theirs but this is a one way street which not last forever. What will happen to the Dubli business then?
To DMFnR on the comment “For those who actually treat it like a business and work to make sales (no matter what the product/service) income will almost inevitably follow.”
Yes I am one of those who thought I was buying a valuable share that would take no hard work on my part, & still I would receive a return on investment.
This is not a ridiculous assumption, it is the Dubli doctrine!
As is the case with a well chosen stockmarket investment, something Dubli is NOT.
Congratulations on a well researched, factual blog. I hope more people read this BEFORE making a decision, as opposed to afterwards, like myself.
Comment by capdance | March 10th, 2010
Thanks eaglescout. Great to hear the truth.
Comment by capdance | March 10th, 2010
Thanks eaglescout, was almost about to get involved in this. and just a comment for west oz guy, I too am in australia and the mere fact that you are reading and bothering to comment on eaglescouts success or otherwise proves the point that he is far more successful than you. thanks again eaglescout
Comment by Thomas | March 19th, 2010
Thanks eaglescout. I was almost conned at a Sydney Franchising Expo today. Recommend people stay away from DUBLI!!!!!!!!!!!!
Comment by tonythom | June 9th, 2010
Glad I found this. I was told today that the Australian site was launching at the end of June ‘10 – and have just read about it launching in March ‘10. Hmmm
Comment by hellowallet san francisco | June 13th, 2010
HelloWallet is a new service in personal finance. Unlike other personal finance services helloWallet is not getting paid by the banks.
Comment by MyUltimateBiz | July 17th, 2010
Thanks Eaglescoust for a very informative post on Dubli. BTW, just noticed that the http://www.dubli.com website has NO PAGE RANKING on Gooogle…wonder what they got Google ’slapped’ for?
Comment by Allsup | July 30th, 2010
The thing should not goes that way as many other way to get with it as well. By the way, the writer has a good analysis on this issue.. A good post. Keep it up.. paid to survey
Comment by retirement investment account | August 7th, 2010
I do not believe that you are correct, have you actually researched the facts?
Comment by Christopher Bekins | August 16th, 2010
Very interesting, would like to take another look at this.