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.
When I first run into people who have never bartered before, or maybe have bartered, but never in a network setting, they often have an unfair or unrealistic expectation of how things will work. Probably the most common misconception of barter is people who think they can trade for free.
Like many of our clients, I too, started out as a BarterPay member. Dan doing what he does, recruited me to join BarterPay for my restaurant Bridges Bistro. I have to tell you that when I agreed to join BarterPay I had no idea what I was getting into. Initially I didn't understand how it would be helpful for my business.
One of the most valuable assets to a business are its employees. Keeping quality employees happy and with you for the long-term can result in dramatic savings for a business in terms of lower training costs and improve customer service.
Bartering for products and services for staff incentives or rewards can be a great way to keep your team together and motivated.
Barbara recently decided to spend some of the TRADEdollars she’s earned to treat her niece, Avery, and some friends to a very special #ThinkTradeFirst Girls Getaway Weekend. When I heard how much fun the girls had, I asked if Avery would be interested in writing about the fun they had. She said yes, but only after I agreed to pay her with a gift certificate to her favourite Barterpay member, Creative Café!
As the owner of Barterpay Simcoe County, I’m a pretty big barter advocate. This isn’t something new for me – I’ve been trading my whole life! Hot wheels in the driveway, school lunches (I was a master at swinging trades to get those Chocolate Wagon Wheels that Mom would never buy us), hockey cards. You name it, I probably traded it as a kid!
Many people barter through their business already, but these are usually one off transactions. Most of the time people who barter in their lives already are ideal people for an organized barter system. They already know how it works! Not only that but they will already fit the type of person that barter works for.