Barter is a business tool to be used to assist businesses to generate new sales and conserve cash. There are many ways that barter can achieve this.
Firstly it offers credit lines to businesses which can therefore make services affordable when cash is tight or when cash needs to be spent on other priorities.
Secondly, Barter clients look to use their Barter Pounds with Barter clients so new clients are gained from within the Barter network.
What are the benefits of Barter
- Generates new business. Clients come to you because they want to use their Barter Angels Network Pounds instead of cash.
- Barter conserves cash and increases your profits. You spend your Barter Pounds instead of cash to purchase the services and goods you need. Your cash is then available to use on other items you have to spend cash on like wages. Incremental business gained from Barter clients pays for some of your expenses. Barter helps to move stock that you have been holding for some time.
- Increases Productivity. If your business does not operate at 100% capacity all of the time, it makes sense to use that under-capacity to generate an alternative currency, Barter Pounds which can be used to purchase items and save cash.
- Business expansion. If you need to expand your business but cash is tight, a Barter Pound credit line could assist with PR costs, product launches and associated costs.
What can I buy on Barter
Whether you want to buy essential supplies for your business, treat yourself or your staff or perhaps make a strategic investment in design, marketing, e-commerce, accounting or training you can redeem your barter pounds.
You could treat yourself to a spa day, maybe a round of golf.