Ask Bartercard Explains How Trade Dollars Can Benefit Your Business

Bartercard provides a great opportunity to be part of an enormous community of businesses, introducing you to new customers to help fill your idle capacity whether that’s products or services, with the help of an electronic currency called a Trade Dollar.

Simply put, the Bartercard concept allows you to pay for products and services between members instead of paying in cash, and you can then use these Trade Dollars to offset cash expenses within your business. Trade Dollars are a well-recognised and accepted method of payment in New Zealand. One Trade Dollar is equivalent to one New Zealand dollar for all accounting and taxation purposes.

Assuming your current cash business is already covering your fixed overheads (for example rent and wages), and you have the capacity to take on new customers, the only cost to you in supplying a Bartercard member is your product replacement/variable cost. In effect, each time a purchase is made between Bartercard members, they receive a discount equal to the Gross Profit Margin (GPM). Each time you spend with Trade Dollars it will come back to you in the form of new customers from another Bartercard member, who is motivated to utilise your goods and services because they’re paying with their GPM, saving them cash every time they spend.

The new customers generated by Bartercard will be incremental to  your existing cash business, therefore not interfering with your existing business model. Bartercard aims to increase your business by 5-10% and increases your net cash profit.

Bartercard wants you to get the most out of your business In their eBook “How to use Bartercard to grow your business” they explain how you can increase your market share, gain a competitive advantage and achieve financial success, by incorporating Bartercard into the day-to-day running of your business.

 

Bartercard’s eBook covers: 

 What Bartercard is (and what it isn’t)

 Managing cashflow and interest-free credit

 Utilising excess stock and increasing occupancy

 Generating new business

 Rewarding staff.

 

You can register for the eBook on the website, and for more information

on business relationships, business networking and business to business networking please go to http://askbartercard.co.nz .