How Do Businesses Barter?
One-on-one direct trades happen day in and day out in the business world - where you must take back from the business that bought from you. That's the beauty of barter with an organized barter exchange and why it's better. A barter exchange takes the standard type of direct trade transactions that businesses love and make them even better.
A barter exchange serves as a clearinghouse for its members' transactions as well as a marketing agent for their businesses, generating new business for its clients. Like a bank, the barter exchange tracks all transactions and processes monthly statements for its members. Sales are deposited into the member accounts and purchases are deducted from their account. It's just that simple.
Businesses Gain Incremental Sales From New Customers
Businesses trade most effectively when they join a barter exchange network. By joining a barter exchange, businesses gain incremental sales from new customers. Whether it is excess inventory, unfilled appointment time, or vacant space, barter helps businesses fill in those gaps.
Using a barter exchange clearinghouse concept, businesses are able to sell their products or services to other members of the exchange. They then use the credit built up from sales, to purchase the products or services they need - all without the use of cash!
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