Business Network Inc. is one of the leading barter brokerage firms in the country. So what makes Business Network's trading system work better? It eliminates the one-on-one trading disadvantages of finding someone who has exactly what you need and needs exactly what you have. By using a system of computer credits and debits (Trade Dollars) as the system's currency, we separate the selling and buying into two separate; unrelated transactions. Each of our members has an account, much like a typical bank account, where transactions are recorded. So you know exactly where you stand at any given moment.
In other words, you can trade (sell) your product or service to a member selling a product or service you may never use. Your account is credited with Trade Dollars, not with that member’s product. You can then turn around and use the Trade Dollars earned from that earlier trade to acquire a product or service from another member who has something you do need.
The cash step is eliminated. You can convert your goods and services into Trade Dollars and then take that money and buy goods and services that you need. Our client base of manufacturers, retailers and service companies, wholesalers, distributors and professionals provides a wide range of trading opportunities. You can trade income to cover basic overhead expenses such as printing, advertising, office equipment and furniture or professional services such as accounting or legal expenses.
Through trade, you can also provide employees fringe benefits like a trip to the dentist or a sales incentive like a trip to Hawaii. You can use trade income to take a vacation or to take a client to dinner. Because all trades are conducted at a retail-to-retail price structure, you are guaranteed a full profit margin. Trade income is extra incremental income on top of your regular cash business. The cost to you is the “cost of goods” or wholesale cost. Thus, by using Trade Dollars to make a purchase, you are acquiring the product or service you want at your own cost of doing business.
“A barter exchange – for those who haven't used one – combines the functions of classified advertising and a bank. Customers sign up to sell anything from drywall to dentistry, the exchange compiles the listings in a directory, the buyers contact sellers directly or thru a broker employed by the exchange.”
– Inc. Magazine
“Think of a barter as a supplement to your regular cash business, not as a replacement for it. For most businesses, producing a 6-8 % of sales per year by barter is a reasonable ceiling.”
“The key to successful bartering is knowing how to use the system. Learn to be flexible in your buying habits. Give your trade broker time to find what you want and be willing to help by giving referrals.”
“There's no tax advantage or disadvantage to bartering. Cash sales and trade sales are treated identical.”
-Kiplinger Personal Finance magazine
“Businesses are discovering that barter not only has financial advantages but it has marketing benefits as well. Barter brings in new business that could never be acquired in any other way.”
“Its best to work through a barter exchange network, which acts as a broker for its clients' goods and services. Such networks have thousands of clients, making them a viable source for many business needs such as office equipment and supplies, printing, advertising, cleaning and maintenance services and travel and equipment.”
-Journal of Accountancy
E-MAIL FOR MORE INFORMATION