Affiliate Accounts - As the system gets bigger and bigger and sales potentials become higher for each business, the question of personal spending and affiliate accounts get brought up more often. I'm wanting to clear the air and explain exactly how this works.
Unfortunately many small to midsize businesses go through periods where cash flow is tight. Sometimes it is just a seasonal dip, an unexpected expense, or a customer delaying payment on a large invoice. Other times it is more systemic to the business you are in, and a larger change needs to occur in order for you to advance. In either case, barter can help you find your way!
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!