Barter
Businesses worldwide barter goods and services daily to reduce surplus stock, bolster sales or to ensure production facilities run near capacity. The barter exchange business is an established trading system existing for over 20 years in North America & Australia, and is now rapidly expanding across Europe. Some of the world’s biggest companies barter – companies such as Tesco, BMI and BT.
Who uses Barter Exchanges
According to the International Reciprocal Trade Association (IRTA) – the industry trade organisation - almost a half a million small businesses use commercial barter exchanges every year. Moreover, the IRTA says that almost $10 billion in sales is transacted each year by the commercial barter industry. Add trades where no intermediary is used and the global barter market may be 10 times that amount.
Every company can use a Barter system at some stage, but it particularly suits companies who have regular surplus stocks or spare capacity. Barter works for Newspapers, Radio Stations, Solicitors, Hotels, Painters, Contract Cleaners, Restaurants - any trade or service where idle time is lost forever.
Businesses - barter increases your bottom line