Why Business Barter
The Department of Commerce
says that barter in its various forms accounts for about thirty percent
of the world's total business. In fact, most of our members have been
engaged in direct bartering with fellow businessmen long before they
heard of us. The International Reciprocal Trade Association (IRTA)
recently announced that barter transactions in the United States via
commercial barter networks (like BarterPX) now exceed $8 billion
annually. Recent estimates indicate that at least 60 percent of the
companies listed with the New York Stock Exchange use the principles of
bartering as a standard business practice. Additionally, almost seventy
percent (70%) of the fortune 500 engage in barter as well. All together
over 250,000 American businesses actively use organized barter
exchanges.
The Benefit of Cashless
Transactions
There are many good
reasons why more and more businesses worldwide are bartering their
products and services, but underlying them all is one fundamental
business motivation:
Businesses Make More Profit
When They Barter
Airlines and restaurants
can fill empty seats, hotels and resorts can fill empty rooms, printers
can fill press downtime, professionals can fill empty time slots, health
care professionals can treat new patients. It only makes sense for a
business owners or professional to take advantage of a new revenue
stream. Even better, the found money reduces cash expenses or expands
operations.
BarterPX offers an online
barter portal, provides an affiliate network for members of independent
barter groups to trade amongst themselves, and operates local barter
exchanges. The company is engaged in every area of the growing online
and offline barter business.
Businesses across America
are taking a serious look at barter as a way to build their bottom
line. Almost every major newspaper in the United States has reported on
the rapidly growing membership roosters of local barter networks. Even
the prestigious Wall Street Journal recently covered the growing
phenomenon of barter. The rapid growth of the online barter industry can
only mean that American business likes what today's barter industry has
to offer as well they should. |
