What is Barter?Barter or trade is a powerful business tool that provides an additional outlet for companies to sell their products or services. A business accepts payment in trade or barter dollars, script or trade credits instead of cash for sales. By accepting trade dollars, your business maximizes its efficiency in the following ways: - A faster turnover of inventory
- Slow moving or dead inventory is sold often at full price
- Idle employee time or billable hours become a profit center
- Bad debt or slow paying client problems can often be solved via barter
It is a fact that new customers will drive right past your competitors to make barter purchases from you. This is especially true during difficult times. Using the trade dollars earned, clients will purchase goods or services they want from you without paying cash. You will find yourself doing the same thing once you start trading. We have found that most members will increase trading after they see how well cashless transaction work.
Barter is a Multi-Billion Dollar IndustryAccording to the International Reciprocal Trade Association, estimates over 470,000 companies actively participate in barter for a total of over $12 billion in annual sales just in the U.S. An impressive majority of corporations listed in the New York Stock Exchange use barter to reduce surplus inventory and bolster sales. This keeps their production facilities run at higher capacity. Barter also reduces the amount of excess inventory that must be dumped at fire sale prices.
The U.S. Department of Commerce estimates that 20 to 25% of world trade is now barter, and corporate barter has recently become a $20 billion industry.
A BarterPX trade consultant works with you to bring your company new sales and increased market share. We help you move more inventory and minimize cash outlays for any business expenses you like. Clients of a BarterPX exchange use trade dollars, instead of cash for transactions. BarterPX gives you with a new sales network.
You charge your regular prices for goods and/or services in trade dollars, instead of selling them for reduced cash rates or having remain in your inventory unsold. We act as a third-party bookkeeper, providing you with monthly statements that reflect all trade purchases and sales and current trade-dollar balances.
Barter is a Winner for Your Company
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