As Interest Rates Climb, Contractors Seek New Means Of Competing
Released on = October 3, 2006, 7:51 am
Press Release Author = Bill Grant
Industry = Construction
Press Release Summary = Many contractors went out of business the last time the housing market dipped. Contractors are once again, faced with the reality of struggling to keep their doors open. Barter can offer an edge over the competition that can keep them afloat during this time.
Press Release Body = When most people hear that the housing market is slowing down they think 'Well, I guess those agents will have to downsize their million dollar condos', but the impact goes much deeper. The housing market is made up of contractors of every size, building new homes, but also renovating for those eager to flip or refinance. With interest rates on the rise, refinancing is less appealing and with sales slowing, flipping is risky. "Real estate is cyclical, and we've had a wonderful ride. With higher prices, more owners are selling, and that's putting a damper on prices." - Mark Skousen, Chairman, Investment U How can the contractors make it through this down cycle? Barter may be an option they didn't even know was possible. By working with an organized barter network, they earn trade dollars from other members that may have been more cautious with their cash dollars. Then they can use those earned dollars with other members in the network, like an advertiser or printer, to generate cash business. The barter industry is one marketplace that claims to flourish in times of recession. A recent example of this was the very profitable Manhattan area post 9/11. "Before 9/11 we had more business then we could handle, but after, I was looking for ways to keep my doors open. " - Tony D. owner Jimmy's. Barter can help you stay in business when profits are lean. It gives you an edge over your competition, generates business from outside your local area, and keeps your employees working so they are there when cash jobs pick up. "I started this company years ago because I saw true barter as a valuable business tool that could help keep businesses of every size from going under to the competition, now I have a national company because the demand for what we offer is so great." Steve Bolles, President Merchants Barter Exchange. Mr. Bolles also warned businesses to be sure they were dealing with reputable exchanges that offer 100% trade or they could end up with inflated dollars of little value. Barter could be the difference between riding out the downturn of the cycle or changing careers. Bill Grant - Today's Money Matters
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