Barter or trade is a powerful tool that represents a solution for companies with available inventory or services. By accepting payment in trade dollars instead of cash, a business maximizes their efficiency by increasing inventory turnover or billable hours. Using the trade dollars earned, that company can purchase goods or services they want – without paying cash.
Barter Increases Sales
BBU markets your company to hundreds of local businesses and thousands nationally - potential customers, over and above your daily cash-paying customers. Your company will make incremental sales because of the demand of the buyers looking for barter opportunities from within the trade network. Businesses trade to purchase what they need or want, and pay for them with the additional sales of their own product or service.
Barter Improves Cash Flow
There are two main ways of to increase cash flow - more sales and reduced costs. Barter does both! Barter allows you to pay for what you need with what you have - allowing you to preserve working capital for other needs. When you use barter instead of cash to purchase needed products and services - you reduce your cash costs by paying for them with revenue generated by new barter sales. When you purchase something using BBU Trade Dollars, it will be paid for with new sales . . . sales that probably would not have happened without BBU.
Barter Moves Excess Inventory & Fills Idle Production Time
Every business owner struggles with the dilemma of what to do with extra inventory or idle production time. When you join BBU, barter provides a tool to put that excess to use in profitable ways. We accomplish this by matching your product or service with businesses looking to purchase them on trade. It's a win-win situation.
Barter Provides a Competitive Edge
BBU participants patronize your establishment over the competition, because your BBU affiliation is an incentive to do business with you. Barter attracts new customers to your business, without affecting the existing cash sales already being generated by your company.
Barter Means New Cash Sales
That's not a misprint - yes, we said cash sales. If you perform a good job for an BBU client, they'll refer their cash-paying friends, clients, family and associates to you. Growing your business will always be tied directly to referrals from your happy customers. BBU constantly strives to help improve your bottom line overall. If you become more successful, we become more successful.
Barter Makes Record-Keeping Easy
In a sense BBU works much like a bank, providing control, record keeping, and administration for your barter activities. Direct trading often becomes cumbersome at record-keeping time. With BBU's convenient clearinghouse concept, there's no need to keep track of the dollars traded. BBU uses state-of-the-art technology to track all of your barter sales and purchases with an easy-to-read itemized monthly statement. Plus, the Member Website and 24/7 Auto Broker Line is available for transaction processing anytime that you want.
Barter Means No Bad Debts
BBU trading takes the hassle out of collections. When you make a barter sale to an BBU client, you call in advance for authorization to verify that your client (the buyer) has the Trade Dollars to pay for their purchase from you. Then, upon order completion or delivery, a simple signed transaction slip submitted to BBU will confirm the transfer of funds. It's that simple.
Barter Expands Distribution Channels
BBU's national affiliation with The BANC (Barter Association National Currency), provides a convenient medium for local clients to trade with thousands of other businesses nationwide, expanding the possibilities for all involved. It opens the door to a broader range of products and services, as well as a greater marketing platform for your company.
Barter Means Wholesale Buying Power
With barter, the real cost of the products you purchase on trade is actually the wholesale cost of your trade dollars earned. Making sales with built-in profits makes the cost of your purchases more economical on trade. When you join BBU, you open the door to a new, cash-free way of handling every day business and personal expenses.
Barter Means Added Profits
With BBU, added profits are realized by participating businesses, because of the new customers barter provides. Sellers in a trade network make incremental barter sales (over and above their cash business) and increased sales mean increased profits.