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For you to gain more customers, you would typically hire additional sales people, advertise, reduce prices or offer incentives. By accepting an alternative method of payment i.e. Bartercard trade dollars, you open up your business to a whole new market of customers and in turn gain a competitive advantage. The new customers you’ll receive from Bartercard will be motivated to buy from you. This directly results in increasing your sales opportunities.
Bartercard enables you to increase your sales, and in turn, you are able to spend the trade dollars you earn, to purchase products and services for your business and lifestyle. Effectively, you are offsetting some of your cash expenses by using your trade dollars instead, therefore saving your cash.
Since Bartercard is a membership-based community there are many local and national networking events that are designed to provide introductions. Via new contacts, business is constantly being conducted through the trade exchange, and additional new cash referral business is reciprocated as a result of new relationships.
In this edition of District32’s Business Prophet Magazine, Paul Hebbink, Chief Operating Officer of Bartercard Digital introduces our top business tips and how thousands of members over the years have used them to help their business thrive.
In the cash economy, in order to sell excess stock, a business will typically apply a discount, run dealer promotions or write off excess stock.
Through Bartercard, business owners are able to sell excess inventory at the normal selling price negating the need to reduce precious profit margins.
Many Bartercard members utilise their trade dollars to indulge themselves or family. Whether it’s treating themselves to a well-deserved vacation or a leisurely weekend getaway or splurging on dining experiences, clothing, entertainment, hobby gear, gym memberships, massages, or home furnishings, each expenditure contributes to an enriched lifestyle.
Members can request an increase on their interest-free trade limit from $10,000 to $25,000, dependent on their trading volumes, equity, and collateral. With this interest-free trade limit, Bartercard members can finance the essential capital growth needed to expand their businesses. Some have sought significant increases, utilising these trade dollars to acquire new factories and office spaces, undertake renovations, or execute extensive marketing initiatives to bolster their business growth.
Any application for an increase of trade limit is subject to approval.
Bartercard can help you attract the right people for the job and keep them happy with rewards paid for with Bartercard rather than cash. Choose from incentives such as holidays, gift certificates or restaurant vouchers to make your team feel rewarded and appreciated.
As a Bartercard member, you can buy goods from other members within the ecosystem at wholesale or retail prices, expanding your product line for resale in both the cash and/or trade economy. This flexibility allows you to diversify your offerings beyond your own products.
By being a Bartercard member, you’ll gain free local and national exposure through Bartercard’s online directory, eCommerce platform and e-newsletters.
All members are able to apply for an increase from $10,000 to $25,000 or more, subject to trading amounts, their equity and security. With their advance on trade dollar sales, Bartercard members are able to fund the capital growth necessary to grow their business. Some business owners have applied for a substantial advance on trade dollar sales which they’ve used to purchase new factories
*Membership fee may apply. Transaction fees will still apply for any trades that occur within the first month. Monthly membership: $49 a month, trade fees may apply.
Bartercard is a simple, flexible barter system that converts slow moving stock, downtime, spare capacity or vacant seats into extra sales.
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