I have heard a number of times from business owners who are just launching or within their first year of business that “their business is not ready for barter yet”. I can’t imagine a less accurate statement.
Every year BarterPay hosts a Cashless Marketplace in support of our Barterpay It Forward Foundation, which in turns helps charities across Canada. All Barterpay members are welcome to attend for free - we just ask that they make at least a T$40 donation to the foundation per person attending.
Whether you are expanding an existing business into a new market or opening a brand new business - learning how to leverage the best local barter exchange in the area can allow you to rapidly gain a foothold in the market. Part 1 of this blog will address proven businesses expanding into new markets.
As Canada's only national exchange with local offices across the country Barterpay is poised to come along side you in your launch strategy.
Affiliate Accounts - As the system gets bigger and bigger and sales potentials become higher for each business, the question of personal spending and affiliate accounts get brought up more often. I'm wanting to clear the air and explain exactly how this works.
Unfortunately many small to midsize businesses go through periods where cash flow is tight. Sometimes it is just a seasonal dip, an unexpected expense, or a customer delaying payment on a large invoice. Other times it is more systemic to the business you are in, and a larger change needs to occur in order for you to advance. In either case, barter can help you find your way!
Unfortunately regardless of industry there are times where an accounts receivable is likely not going to be collectible. Utilizing BarterPay you can collect on this debt for less than the cost of third party collections - while also potentially improving your on going relationship with that customer.