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Central Barter |
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Can
I Advertise With Trade Dollars To Increase My Cash
Business?
Advertising means cash dollars to your business. You should consider using your trade dollars to advertise in the many media represented by members. Check with Central Barter to see which media services are available. You may even be able to trade for copy writing, design, production of your advertising and translation of ad copy. Typical services available include the following: NEWSPAPERS:
Weekly, biweekly and monthly; RADIO: Copy writing and production available at some stations. MAGAZINES: Some national and local. DIRECT MAIL: From concept to mailing, including printing, labeling, etc. REGISTER TAPES: Available in many grocery stores. PRINTING: Most varieties. GRAPHICS: Layout, composition of brochures, flyers, logo design. SIGNS: Posters, storefronts, lettering. SPECIAL NOTE: It is most important that you contact Central Barter, Inc. before discussing advertising with any of our media members. If you are already a cash customer, we will need to establish certain conditions for trade. If you are not a cash customer, we need to have the correct media personnel contact you.
Can
I Use Trade Dollars For My Customers?
Using your trade dollars can be an effective way to let your customers know you appreciate their business. You might want to use your trade dollars to buy your customer an attaché case, watch, pocket calculator or any of the many other items available through other members. Businesses spend thousands of dollars for Christmas gifts for customers. Using trade dollars for Christmas gifts and for other types of gifts will help save your cash reserves. Contests to increase the traffic in your business might award prizes purchased with trade units. For example, the grand prize could be jewelry, a trip, a radio or other appropriate prize – all of which could be purchased with trade dollars from your account
How
Can I Use Trade Credits To Reward My
Employees?
Most companies, intent on attracting quality personnel, try to provide a generous employee benefits program. Such programs often require a sizable cash investment. As a viable alternative, we have developed several programs that you can offer your employees on trade. Your company can put together an ongoing benefits program that offers your employees conventional benefits that are paid for with new sales. 1. MEDICAL BENEFITS Companies frequently strain to provide good medical benefits for employees and sometimes end up with “bare bones” protection. Barter can significantly improve the affordability of added medical benefits in several ways. Dentists, orthodontists, chiropractors, eye care, health club memberships and other medical services can be bartered. Some companies have allowed a set number of trade credits, perhaps 500 or 1000 per year per employee, to spend on bartered medical services. Another option would be to offer a substantial discount when purchasing trade credits to be used this way. Such a plan would make dental and optical protection much more affordable for both employee and employer. Compared to the cost of an insurance policy that includes dental and eye care, the barter plan may be quite attractive. 2. INCENTIVE PROGRAMS: Many management teams rely heavily on incentives to help motivate employees. Incentives for reaching sales goals, perfect punctuality, productivity-enhancing ideas or any other admirable performance can be paid for with barter credits to purchase restaurant scrip or merchandise, which can be awarded to deserving employees. One Central Barter member has given trips to sales people reaching their sales goals. Central Barter suggest that the merchandise be displayed to motivate employees to attain their goals. 3. EVENTS Company social events build team spirit and boost morale – but can be expensive. It is common to barter for a restaurant or caterer for a Christmas party or to buy trophies, awards, T-shirts and game prizes for a company picnic. Reduce the cost with barter. 4. TRAINING Employee training programs are something that you probably wish you could afford but don’t quite have the budget. Not surprisingly, barter can help. Check into the member(s) providing classes.
How
do I Communicate With Other Members?
Central Barter has developed a system for communicating to members the availability of goods and services within the exchange. NEWSFLASH messages are sent weekly to update members on new products and services available. FLYERS AND BROCHURES supplied by members are included in Central Barter mailings to all members in the exchange. Periodic phone calls and visits to a member’s place of business keep Central Barter’s staff updated as to the services and products offered by members in the exchange and assist members in spending their trade dollars instead of cash. Telemarketing by Central Barter’s staff keeps members up to date on new members plus promoting holiday and seasonal products and services available in the exchange. Trade Shows sponsored by Central Barter allow members to display their products and explain their services to other members and also allow members to purchase from each either. A Directory of Products and Services is published by Central Barter periodically and distributed to members. The Directory lists each business by category. A contact person is included in each listing.
What
Are The Availability of Products and Services?
Central Barter, Inc. offers a wide variety of products and services, and we are constantly expanding our list of members. Your interest and help will contribute to the growth rate of the system. Perhaps you need an item or service currently not available. Let us know, and we’ll work to find it. Give us as much lead time as possible, though. We have never pretended that all things are available on trade, but hundreds of items and services are. If we don’t have what you need, or can’t get it, we will tell you so.
Referrals Help Us Grow
There
are hundreds of quality businesses in
our area which would benefit from
organized trading if they only knew how
it works to their advantage.
Perhaps you know some business
owner who could benefit from an
association with other businesses …
someone who could offer a product or
service on trade. The advantages of generating new members for your trade exchange are clear. As Central Barter, Inc. expands, the exchange becomes more useful to you because, there is more from which to choose. It’s now YOUR EXCHANGE, and it works for YOU. It will continue to grow with your help and referrals, and as this happens, it works even better for you. Each referral is another step toward a stronger, more useful exchange for all of us.
What
does it Cost For Membership?
A One-Time Minimum Deposit of $500.00 cash is required to open the account. Monthly Service Fees: Cash None and Trade None
You
are a part of a stable exchange with
a great variety of goods and services.
How
Does CENTRAL BARTER, INC. Make Money?
Central
Barter
cash
flow is produced by charging a fee on trade dollars used in
the system. When
you spend or earn a trade dollar, you pay Central Barter 5 to 8
cents cash.
Services
Salesperson
Record Keeper Procurer
We do ALL of these jobs for our members. WELCOME
to the world of barter. The introduction of barter
into our Through
the years, successful business minds have sought out
and recognized unusual business opportunities.
The increasing interest and acceptance of
barter as a profitable way of doing business rivals
the great business booms of modern times. As a
business owner, you have joined an elite part of the
business community.
And, although barter is as old as man, today
old methods have given way to new systems, new
sophistication and new success. From this time forward, it will be the responsibility of CENTRAL BARTER, INC. to help teach, guide, counsel and advise you in the world of barter. It has been our experience that members who stay in close contact with us are far more productive traders than others. All systems, methods, procedures and supplies have been developed with this in mind. This manual has been devised as a training, orientation and reference tool. We have found that careful and thoughtful application of the principles and policies contained herein, along with close cooperation with CENTRAL BARTER is the shortest route to a successful barter experience
WE OFFER YOU:
BETTER CASH FLOW
INCREASED SALES
GREATER BUYING POWER
CENTRAL
BARTER IS A THIRD-PARTY RECORD KEEPER AND
BANK THAT BUILDS THE TRADE ORGANIZATION.
OTHER BARTER QUESTIONS What is Barter? Barter is the exchange of goods and services without the use of cash. People can Barter on a one-to-one basis or they may choose to use the services of a Trade Exchange What
is a Trade Exchange? A Trade Exchange is similar to a bank
except that it uses Trade Dollars as a
medium of exchange to help facilitate
trading between it's Members.
In addition, it provides the
accounting services and statements that
help Members keep track of their balance
and trading activity. l Why join a Trade Exchange? A
Trade Exchange eliminates the
limitations of one-on-one Barter where
each business must want what the other
business has to offer.
When You belong to an exchange
You are paid in trade dollars, which You
can then spend with any other Member.
This way when You are the Seller
You do not have to turn away any
business because You don't want what the
other person is offering.
Using Trade Dollars also helps
when You want to make a Purchase and the
other person doesn't want what You have
to offer. A
Trade Exchange will Save You the Time
and Effort of having to find compatible
Trading Partners. A
Trade Exchange helps You market Your
products and services to other Members. An
Exchange acts as a third party record
keeper, providing monthly statements to
clients, which reflect all trade
purchases, sales and a current trade
dollar balance. When
You are a Member of a Trade Exchange You
do not have accounts receivable to
collect or bad debts to write off . You
are paid at the time You provide Your
product or service. Who can barter? Any business owner, professional or
individual who has a product or service
to offer on trade for which there exists
some demand.
The higher the demand for Your
product or service the more
opportunities you will have to trade for
the products and services You want and
need. Who can benefit from barter? Just about any business with excess
capacity or surplus or slow moving
inventory can benefit from bartering.
This is especially true if Your
inventory is perishable like radio time,
billboards, hotel rooms, airline
tickets, empty tables at restaurants,
event tickets or Your time if You
provide a service.
A key consideration is that Trade
Dollars have a storable value and Your
perishable inventory doesn't. Can I get anything on Barter? No. There are some things that you probably
won't be able to find on trade,
including: utilities, tips, mortgage payments and money payable to
local, state and federal governments (
taxes, business licenses, traffic fines)
etc.
Also items with thin margins are
rarely available in a Trade Exchange.
You can however, use Barter to
"Free Up" cash to pay for the
things You can't trade for. Why use trade Dollars instead of cash? Maximizing cash flow is a top priority of
all businesses, small and large.
Using trade dollars, as an
alternative to spending cash, helps You
conserve cash. l How can Barter increase my cash flow? There are several ways in which barter can
increase Your cash flow: Business
and Personal expenses can be converted
from cash to trade transactions, thereby
freeing up Your cash. The
New customers You get through Your Trade
Exchange are great sources of Referrals
and word of mouth advertising to attract
New Cash Business. You
can use the Trade Dollars You earn to
purchase all forms of media advertising
to attract more Cash Business without
the out-of-pocket cash costs. What does it cost to Join a Barter
Exchange? Most
Trade Exchanges have an enrollment fee
of $195.00 to $995.00. Are Trade Exchanges legal? Yes. Under the "Tax Equity and
Financial Responsibility Act of
1982", the federal government
officially recognizes Trade Exchanges as
third-party record keepers-meaning they
record barter transactions and report
client barter income to the IRS.
This puts Trade Exchanges on
equal footing with banks, credit unions,
securities brokers and others as
legitimate custodians in the eyes of the
law. Are there any tax advantages to barter? There are no tax advantages or
disadvantages to barter.
The tax code treates barter
transactions identically to cash
transactions. Barter sales are
considered taxable income in the year
they are credited, barter purchases and
related barter expenses are considered
tax deductible expenses. What percent of my business can be done
in barter? Many barter experts recommend that
bartering be kept to no more than 10% -
15% of Your total business. I believe
there are too many variables that are
unique to each business to make a
blanket statement.
The best thing to do is evaluate
Your current business situation and
decide how much You can safely trade
without adversely affecting Your cash
flow. Why do some products and services cost
more on Barter than for cash? Because the cash economy is so competitive
You can always find someone who is
willing sell their products and services
at steep discounts or even at a loss.
In a Trade Exchange, Members sell
their products and services at full
retail value.
On the surface it would seem like
You are better off paying cash, however
this is only half the story. Although on a retail for retail comparison
the cash price may be lower on a
particular item, You have to take into
account the cost of Your Trade Dollars
which is the wholesale cost of Your
products and services.
Since You are effectively buying
at Your wholesale cost You may find You
are actually better off paying for the
item with Trade Dollars. How should I price my Products and
Services? You should charge the same prices as You
would for cash, but may exclude sale
& discounted products &
services. What if I prefer to have a broker to
help me with my trades? If You prefer more personalized service You
can have one of our Trade Brokers help
You with Your trades. How can You prevent inflation in
International Barter Alliance USA?
Inflation is a big problem for most Trade
Exchanges and left unchecked can ruin
the entire pricing structure of the
system. First, it is important to understand that
prices in a Trade Exchange are generally
higher because Members are allowed to
charge the full retail price for their
products and services and are not
expected extend sale prices or
discounts.
For example hotels can charge
their full rack rate on Trade but offer
Corporate rates and may heavily discount
their rooms online for cash. What we want to prevent are price gouging
and other unfair pricing practices. Although we will do our best to prevent
this from happening some situations are
out of our control. For example since we
are a part of a Network of independent
Trade Exchanges we can't control how
their Members charge for things. While we will attempt to weed out Members
who abuse the system, our best line of
defense against inflation is You. Here
are some things You can do: Do
not proceed with the purchase.
Let us know immediately and we
will contact the seller and try and
rectify the situation. Look
to see if there is another Member who is
offering the same product or service. Ultimately
You have the final say.
If You cannot get what You want
at a fair price, don't buy it. You can
always use Your Trade Dollars for
something that has true value to You. Most
importantly, don't compromise Your
integrity by raising Your prices. Can I charge part cash? Yes, however, the first $1,500 of a Trade
must be 100% Trade Dollars. On the
amount in excess of $1,5000 the seller
may charge cash or a cash / trade blend,
which would be agreed upon by the
parties involved. Any
seller may collect cash for tips, sales
tax and shipping if applicable. What if I have a problem with another
Member?
If You have a problem with another Member
please notify us by e-mail immediately. What if a Member does not play by the
Rules? If a Member does not abide by the Terms
& Conditions or Policies &
Procedures their Membership is subject
to suspension or termination. Can Members sell used items on trade? Yes. The item(s) should be specified as used, must be in good to excellent condition and priced at the fair market value Central Barter Inc.
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| Webmaster: michaelslucas@yahoo.com. Copyright ©2002 Central Barter. All rights reserved. Revised: August 29, 2009 . |
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