|Not a member? Sign up now!|
We are all aware that maximising cash flow, retaining customers and keeping stock moving are important elements of all businesses, which is where Bartercard comes in. Buying and selling using Trade Dollars offers advantages to business owners, across several key areas.
In this Press Release, whether you’re new to Bartercard or have been a member for some time, they want to remind you of the different ways to use your Trade Dollars to maximise the benefits and grow your business.
Bartercard has some good tips to help you get the most out of your Bartercard Trade Dollars, and the first is to treat Trade Dollars as a supplement fo cash-paying business. Through operating as a supplement to cash business Bartercard gives members complete control over which products and services they sell through the network. No member is obligated at any time to take on Trade Dollar business over cash-paying business.
When you add Bartercard to your business, you essentially allow other members to utilise your goods and services with Trade Dollars, which can help create new business, customer loyalty and increase profits. You can also use Trade Dollars to move inventory/fill occupance as business fluctuates. Businesses also have the ability to sell excess stock or slow moving inventory, without the need to discount heavily. Members receive Trade Dollars as payment, which they can then spend on other goods and services within the Bartercard community.
Trade Dollars can also be used as a staff rentention/reward system. We all know how important it is to keep good staff members, and Trade Dollars can be used as employee bonuses and incentive schemes or gifts. Bartercard has a large referral network that allows members to extend their customer base and geographic reach. This can then translate into increased business profits. Through referrals and word-of-mouth marketing, members have an advantage over their competitors. Furthermore, every time a Trade Dollar member spends, it will come back to them in the form of new business from another member’s business.
Bartercard enables members to manage cash flow and make use of interest-free credit. Trade Dollars work like a credit card or bank account, using an electronic currency instead of cash so you can continue to make purchases even when cash flow has slowed. Trade Dollars can be transacted via EFTPOS, online, over the phone, using an app like the Bartercard App, or by transaction vouchers.
Bartercard can open up your business to new customer markets, improve cash flow, reduce business expenses and clear idle and excess stock without having to discount. It’s easy to use and acts no differently to a normal bank account or line of credit, so go to the website toay to find out more about Bartercard services, at http://www.bartercard.co.nz .