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Local currencies cash in on recession
PITTSBORO, N.C. — The stimulus for this mill town turned artist’s colony arrived in the form of green bills bearing sketches of herons, turtles and trees. A few dozen local businesses banded together this spring to distribute the Plenty — a local currency intended to replace the dollar. Now 15,000 Plenties are in circulation here, used...If The Big Guys Do It; Why Wouldn’t You?
Please allow me to take you back to the 1984 Summer Olympics. Head of the U.S. Olympic Committee, Peter Ueberroth bartered the promotional value of his Olympic logo for a mass of products and services needed by his staff and athletes. United Airlines provided free transportation, Buick the use of 500 autos, Fuji Film 250,000...Businesses Bartering to Make Ends Meet
It’s an age old system that’s helping local businesses make ends meet in light of the credit crunch and tough economy. But as WFMZ’s Jaccii Farris explains, this barter system is also bringing some area businesses extra income. SHAWN CRESSMAN: We had a truck lose a transmission. It just died and it was not in my...Building Your Business With Barter
It’s an eye-opening statistic: 35 percent of all world trade is accompanied by barter, accounting for nearly $700 billion in commerce a year. In fact, the viability of the barter industry and the benefits of membership in a trade exchange have been reported by such authorities as The Wall Street Journal, Kiplinger’s, CBS News, Marketing Concepts,...To Barter, or Not to Barter…
NOTE: This is a great article written by a colleague of mine, Shawn Cressman. It’s very informative and I wanted to share. ENJOY! Elsewhere in the world, bartering is as commonplace as accepting credit cards, and an integral element to almost every business model. Here in the US , predominantly due to the fact we have been...How Merchants Barter Exchange Can Save Restaurants Money
In this testing and trying economy, every industry is feeling the pinch financially. Many business ‘experts’ online, on the radio, and on TV are advising consumers to cut back on their spending and make savings wherever possible. One major area they are telling people to conserve their money is by eating out less and cooking...MBE Guarantees You New Distribution And Increased Cash Flow
Every trade you make through the trade exchange is new additional business, and you don’t give up a single penny of your cash business. These new sales dramatically increase your cash flow because all your purchases are done with “trade dollars” instead of cash. The average business person operating on a cash-only basis, finds...Some Innovative Uses Of Barter
Imagine a situation where every time you spend a dollar on a business purchase you are guaranteed a dollar back in new business! That’s exactly how more than 350,000 U.S. companies now operate—profitably trading billions of dollars worth of products and services. They do so through formal organizations known as barter networks or trade exchanges. (A... |
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