Trading Tips

	Staff Bonuses & incentives This is yet an another way of using Bartercard to benefit your business and get ahead of the competition. Perhaps you already have a bonus system of some kind to encourage your employees. The value to the employee is the face value of the goods or the holiday, but the cost to you is less. It is as beneficial to you as giving your staff bonuses in kind – or whatever your product or service happens to be. Fine if you are a supermarket, but less attractive if you make ball bearings. The possibilities are limit less, but here are some ideas: Talk to your trade co-ordinator about the possibilities for your business, and how to set up Bartercard Staff Accounts. We provide each staff with a directory to use as he chooses. Purchasing books, flowers, designers suits, shoes, travel packages etc. Use Bartercatd to maximum potential and make your staff feel cared for and pay for it the smarter way.
	Cash converting Cash converting is a method of turning your trade pounds into cash. Simplified, you buy products / services with trade pounds and then sell to staff, family, friends or business associates for cash. To cash convert you need to consider: - who you know (staff, family, friends and business associates?) - what you know (renovating houses, restoring cars etc?) for example: - go to dinner with your friends at a Bartercard restaurant. Settle the final bill in Bartercard and collect cash off your friends as payment - one of your staff may need mechanical repairs done on their car. Offer to pay for this on Bartercard now and garnish their wages in cash over a period of time
	Debt recovery Are you having trouble collecting cash from one of your customers? To accelerate the collection or actually increase the chance of getting paid you can offer to accept part or all of the outstanding amount owing you in your customer’s goods. On arrangement with Bartercard, you can sell these goods to other Bartercard members or offer them to Bartercard brokerage office to purchase and they can resell them.
	Paying your creditors Have you ever thought of offering to pay all or part of your cash debt to creditors in goods / services? If your creditor is keen to receive payment they may be open to accepting goods / services they can use in settlement of the debt. You simply pay the bartercard supplier on behalf of the creditor in Trade pounds and then arrange for delivery of the goods or fulfilment of the service.
	Winning cash contracts In the normal cash economy, your business is competing with numerous competitors to win Cash contracts. To ensure a sale is more attractive to prospective cash paying customer, you can opt to accept part payment in goods and services.