Using Barter and Trade Saves Cash Flow and Moves Unsold Inventory in a Tight Economy
Released on: April 14, 2008, 8:23 pm
Press Release Author: ThatPRGuy.com
Industry: Small Business
Press Release Summary: Business owners and managers are discovering that they can put unsold inventory and services to good use to obtain new sales and higher revenues through BarterBing trade exchange.
Press Release Body: Hope, RI - Unsold inventory, and unsold services are no longer a problem for businesses that have joined the world of barter through BarterBing.com trade exchange.
In a slow economy, there are many businesses with excess inventory, or even perishable inventory such as radio time, billboards, vacant hotel rooms, airline tickets, empty tables at restaurants, or event tickets. Companies that provide services may have unsold service time as well, such as attorneys, dentists, construction, cleaning services, auto repair, and consulting.
BarterBing.com, a privately owned 9-year-old barter exchange, is networked with 250 other trade exchanges around the world, with a total of more than 50,000 members anxious to buy and sell using barter instead of cash. BarterBing.com is a 24/7 online trading platform, like eBay (R), except trades are done using barter or trade dollars instead of cash, or federal reserve notes.
"Maximizing cash flow is a top priority of all businesses, small and large. Using trade dollars, as an alternative to spending cash, helps companies conserve cash," said Bill Rosenberg, president and C.E.O of BarterBing.com, LLC.
Members of a trade exchange use trade dollars to buy and sell instead of cash. A free membership in the http://www.BarterBing.com trade exchange enables members to advertise what they offer for free to all 50,000 other members, and then BarterBing.com helps to facilitate trading between members. In addition, it provides the accounting services and statements that help members keep financial records to satisfy the legal requirements and IRS rules for barter.
Members of the BarterBing.com trade exchange also have the advantage of a unique revenue sharing plan that pays them when they tell others who then join the exchange. The unique revenue sharing benefit makes it possible for companies to engage in barter and even earn additional revenue from their effort to spread the word about barter.
"We began the revenue sharing program to help expand the worldwide barter economy as an antidote to worldwide recession," explained Rosenberg. "Companies can move their unsold inventory or unsold service time through barter and thereby improve revenue during a slow economy."
Members of http://www.BarterBing.com are now able to receive revenue shares when they recommend the barter exchange to others, which gives incentive for members to help the barter community grow.
About BarterBing.com, LLC: BarterBing.com, LLC was founded by Bill Rosenberg in 1999 in Hope, RI in the Providence area. The privately owned company has offices at 295 Main Street, Suite 100, Hope, RI 02831. Members have access to the goods and services offered through barter from over 50,000 other members in countries throughout the world.
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