TODAY’S ECONOMIC CLIMATE
The economy is poor all over the world and getting worse for most businesses. Bankruptcy, mortgage foreclosures, and unemployment are on the rise. Bank loans are non-existent for most small businesses. Contrary to the media’s saying the economy is robust and growing, a drive thru many downtown areas and shopping centers tells a different story. By joining our Barter Bank you will survive and prosper…read on to learn more.
BARTER BANKS ARE A WAY FOR BUSINESSES TO SURVIVE & PROSPER
Every business needs new customers and improved cash flow. By selling excess inventory, and under utilized assets for trade dollars (an alternative currency declared equal to the U.S. dollar when TEFRA, Tax Equity and Fiscal Responsibility Act of 1982 was enacted by Congress) a business will attract new customers and conserve cash when spending trade dollars for goods and services from other bank members. Simply stated businesses with perishable inventory lose revenue forever if it is not sold today. Restaurants with empty tables, hotels, B&B’s with empty rooms, airlines with empty seats, events with unsold tickets, media with unsold advertising, professional services with unsold billable hours are just a few examples of perishable inventory. Manufacturers and retailers with last year’s models can sell these items at full retail for trade dollars rather than sell them at a fraction of their original price. Barter Banks, also called barter exchanges, are a combination of marketing advertising and banking. Unlike traditional banks, barter banks will extend a line of credit to most businesses, professional services, and artists who will repay the loan by selling their goods and services to other bank members. Businesses that are members of a barter bank reduce their advertising and marketing costs because marketing and advertising are free to all bank members.
Benefits of membership in our local Barter Bank are:
1. Gain new customers.
2. Conserve cash.
3. Lower marketing/advertising costs.
4. Access to a line of credit.
5. Buy goods and services for business and personal use at wholesale cost.
6. Pay debts with trade dollars.
7. Reward employees and customers with things bought with trade dollars.
8. Make strong social contacts.
9. Reduce employee cost by paying a portion with trade dollars.
10. Improves the local economy.
11. Reduces your dependency on government and traditional banking.
12. Provides an additional stream of income when you sponsor new members.
BarterBing, LLC is the first company in the $18 Billion Barter Industry to share revenue with members who sponsor new members with cash and trade dollars on membership set-up and monthly transaction fees.