Bartercard - Gisborne
Phone: 06 842 0413
Gisborne District Rep: Lyn Atkins
Napier Office: 8.30am to 5.30pm Monday to Friday
Level 1: 17d Mahia Street, Ahuriri, Napier
Further information and details please visit Bartercard 's
Bartercard is unlike any other credit or debit card because you fund our card with your own goods and services...
Bartercard currently helps over 6,800 smart businesses in New Zealand to increase sales, customer base, cash-flow and profit.
Bartercard enables member businesses to exchange goods and services with other member businesses, saving valuable cash, without having to engage in a direct swap of goods.
The level of credit given is determined by assessment of the application and information provided. Limits range from $1,000 to $20,000 Trade Dollars and are initially unsecured.
These credit limits are reviewed regularly by Bartercard's credit department and can be extended or reduced depending upon the members trading history within the exchange. Members can also apply at any time to be considered for a credit limit increase.
This interest-free line of credit enables members to continue using the Bartercard network to make purchases even during times when their cashflow has slowed. This way, members can conserve their cash while always having access to the goods and services available through the Bartercard system.
Barter increases sales
A barter exchange markets your company to thousands of local, national and international businesses who are all potential customers. For example, as at 2010, Bartercard has over 6,800 member businesses in New Zealand and over 36,000 member businesses around the world to facilitate incremental business over and above your daily cash-paying customers. Businesses barter to purchase what they need or want, and pay for them with the additional sales of their goods or services.
Barter improves cashflow
Cash savings are the primary benefit of barter. Barter allows you, as a business owner, to pay for what you need with your own goods or services, allowing you to preserve working capital for other expenses. When you use barter, instead of cash, to purchase needed goods and services, you reduce your cash costs by paying for them with revenue generated by incremental barter sales. Making purchases with your Trade Dollars means the payment is made with new sales - sales made by your exchange affiliation. Bartering helps reduce cash outlays for overhead costs. Many of the services offered through barter — such as accounting, cleaning, gifts, restaurant dining and travel — relate to overhead costs. Obtaining these overhead services through barter rather than writing out a cheque saves you cash.
Barter moves excess inventory and fills idle inventory time
Bartering also allows you to improve inventory management by converting excess products into valuable goods and services. If you barter, you avoid having to liquidate excess inventory through drastic discounting. If your small business experiences seasonal markets, barter provides a profitable way to use the inventory on a regular basis. Using a barter exchange such as Bartercard provides a system to put that excess to use in profitable ways. Bartercard accomplishes this objective by matching your goods or service with businesses looking to purchase them on trade.
Barter can enhance productivity
Barter helps companies put inventory, equipment and employees to good use, creating new revenue that would not have been available otherwise. That new revenue can be used to finance the purchase of new equipment, raw materials or services to support the business. Essentially, a company’s less productive assets are exchanged for more valuable goods or services through the help of a barter exchange.
Barter can reduce non-performing assets
Businesses with obsolete inventory frequently find that bartering the assets yields a much better value than liquidating it for pennies on the dollar. Instead, the company can sell the inventory to a barter member for trade credits close to the carrying cost or book value, and then apply those credits to other business expenses, such as marketing, entertainment, travel or raw materials. Exchanging an unwanted asset for something else of value helps recover a significant amount of incremental revenue that might otherwise have been lost.
Barter can reduce seasonality
During periods when business is typically slower due to a company’s goods or service mix, companies can still strengthen their overall financial position by accepting trade credits through barter.
Barter facilitates new cash sales
The key to sales success is referrals – word-of-mouth marketing. If you perform a good job for a client you serviced through your barter exchange, they will undoubtedly refer their cash-paying friends, clients, family and associates to you.
Barter facilitates increased profits
Sellers within a barter network make incremental barter sales (over and above their cash business) and increased sales mean increased profits. Additionally, the real cost of the goods or service you purchase on trade is actually the wholesale cost of your Trade Dollars earned (see benefit: Barter creates wholesale buying power).
Barter expands distribution channels
Barter exchange members can cost-effectively expand their business market reach by marketing to the exchange network’s membership base. The larger the membership base, the better, as this provides a larger market and a far higher selection of trading options. Bartercard has a nation-wide and global membership of over 6,500 New Zealand businesses, and over 36,000 around the world. This provides strong marketing and trading options through its national and global directory service, plus the national opportunities the eMARKETplace and online Auction offers.
Barter creates wholesale buying power