Why Business Barter
The Department of Commerce says that barter in its various forms accounts for about thirty percent of the world's total business. In fact, most of our members have been engaged in direct bartering with fellow businessmen long before they heard of us. The International Reciprocal Trade Association (IRTA) recently announced that barter transactions in the United States via commercial barter networks (like BarterPX) now exceed $8 billion annually. Recent estimates indicate that at least 60 percent of the companies listed with the New York Stock Exchange use the principles of bartering as a standard business practice. Additionally, almost seventy percent (70%) of the fortune 500 engage in barter as well. All together over 250,000 American businesses actively use organized barter exchanges.
The Benefit of Cashless Transactions
There are many good reasons why more and more businesses worldwide are bartering their products and services, but underlying them all is one fundamental business motivation:
Businesses Make More Profit When They Barter
Airlines and restaurants can fill empty seats, hotels and resorts can fill empty rooms, printers can fill press downtime, professionals can fill empty time slots, health care professionals can treat new patients. It only makes sense for a business owners or professional to take advantage of a new revenue stream. Even better, the found money reduces cash expenses or expands operations.
BarterPX offers an online barter portal, provides an affiliate network for members of independent barter groups to trade amongst themselves, and operates local barter exchanges. The company is engaged in every area of the growing online and offline barter business.
Businesses across America are taking a serious look at barter as a way to build their bottom line. Almost every major newspaper in the United States has reported on the rapidly growing membership roosters of local barter networks. Even the prestigious Wall Street Journal recently covered the growing phenomenon of barter. The rapid growth of the online barter industry can only mean that American business likes what today's barter industry has to offer as well they should.