DubLi’s Founder & The Foundation
DubLi.com’s founder, Michael Hansen, carefully studied and examined the “reverse auction” model starting in 2003 and concluded there was an even bigger opportunity for growth in the multi-billion dollar consumer market.
He envisioned showcasing the best selling in-demand products and services from the most well known and reputable companies in the world; only those with a household name would qualify.
The key to success would be in the ability to drive customers to DubLi.com’s auction website. He felt that buyers would be eager to check out the auction and proceed to bid…only if the products and services had instant appeal and credibility to the consumer.
Michael Hansen, convinced that DubLi.com could become a huge success, began assembling the collective talents of computer programmers, software engineers, web designers and graphic artists. They set out to create the first ever “reverse auction” site on the Internet; geared specifically to the $300 billion e-commerce consumer market.
There were plenty of obstacles and set-backs along the way because everything had to be designed from the ground up. The concept of building a “reverse auction” portal for the consumer market had no predecessors as a guide, but after several years of perseverance and millions of dollars invested, DubLi.com made its public debut in the US in fall of 2008, and the rest as they say…is history.
To say DubLi.com was a success is an understatement; the concept was simple yet very business savvy. By providing the consumer with the ability to purchase name brand merchandise at ”yard-sale” prices, DubLi has become an instant hit with Internet shoppers around the globe.
The following Video was made by VT Media about Global E-Commerce in the future and DubLi.com is a part of it! This video will be on Regional and National Television as well. DubLi President, Michael Hansen is featured.
Global E-Commerce in the future
DubLi Merges with MediaNet Group Technologies
DubLi merged with MediaNet Group, the company that owns “BSP Rewards” which provides our Shopping Portal. Now DubLi is a publicly traded company, with 90% of the shares. For more information check out the following sites.
Merger sites: – “MediaNet Group Technologies Enters Into a Merger Agreement With the DubLi Companies”: http://finance.yahoo.com/news/MediaNet-Group-Technologies-iw-443227964.html?x=0&.v=1 – MediaNet Group stock symbol, data, and news: http://finance.yahoo.com/q?s=MEDG.OB
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