BUSINESS

Ask Bartercard Explain Ways Bartercard Can help Grow Your Business

Thursday 28 May 2020, 12:54AM
By Beckie Wright
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It is even more important in the current circumstances that businesses can access a ‘helping hand’ from a source like Bartercard, who can assist them and help them open up new opportunities. Even in ‘normal’ times, it is hard enough as a small business owner to find ways to do things smarter and more efficiently, but under the COVID-19 lockdown, it would be understandable for people to lose their usual positive outlook and become quite discouraged.   

Bartercard advise that what you need are solutions that are convenient, simple to understand and use, and are supplied by professionals you can trust. Bartercard is both a payment alternative and sales network, so being a Bartercard member can not only help you improve your cash flow, but also grow your business.  

With Bartercard, you can conserve cash while always having access to goods and services available through the Bartercard network, and in this way Bartercard offers an interest-free line of credit so you can continue to make purchases even during times like these when cash flow is a bit tough. 

If you need to get rid of excess stock, Bartercard can provide a system to put that excess to use in profitable ways. Similarly, their large referral network means you can promote your products and services to new potential customers – other members of the Bartercard network. The new customers generated by Bartercard are on top of your existing cash business, and therefore you don’t need to worry about this business interfering with your existing business model. 

Finally, we all know that the retention of good staff is vital in the performance and profitability of your business, and everyone wants their valued to still be with them after the end of lockdown. However, finding ways to reward staff that go the extra mile for the business without increasing wages or salaries can be tricky (and anything that goes through the payroll will incur PAYE). The great news is that you can use Bartercard Trade Dollars for employee bonuses, incentive schemes or gifts – rewarding those who contribute to the growth of your business. 

If you would like to learn more about using Bartercard to help your business, you can download their full guide to get more in-depth advice and guidance on how Bartercard can work for you, and for more information on business to business networking, building business relationships and how to get new customers for your business please go to http://askbartercard.co.nz .