Bartercard, a business tool!
Service providers, such as accountants, lawyers, telecom and utilities and architects, are filling their spare capacity and generating new business by offering their services to Bartercard members who pay in trade dollars. These trade dollars are then used to offset cash expenses in the service provider’s business. And the customer has saved their cash by using trade dollars for business expenditures. It is a win-win all around, with cash being conserved for expenses such as wages and rent, which can’t be paid for in trade.
Bartercard is a business tool that increases profits through new customers and improved cash flow.
What are the advantages?
- Bartercard is your additional sales channel. It provides an improved business model as your business now accepts two income streams
- You have a captured audience of new customers locally and nationally
- Fewer competitors than the cash market, therefore more market share
- The ability to take on new customers when you need them.
When spending your new revenue, Bartercard can assist your cash flow.
Some typical business items purchased through Bartercard include:
- Client gifts
- Staff incentives
- Personal drawings for owners.
Creating real value
In simplicity, Bartercard brings additional sales, decreasing your idle capacity. Using those extra trade dollars to spend on your everyday business expenses reduces cash spend and improves your business cash flow.
Bartercard can also help to enhance productivity by putting inventory, equipment, and employees to more effective use and converting downtime and spare capacity into extra revenue.
How often do you have underutilised staff or gaps in your appointment diary that you can’t fill? When you are dealing with ‘time’, once it is gone, it is gone. By accepting the extra business that Bartercard brings, you don’t miss out on creating real value.