Bartercard provides a great opportunity to be part of an enormous community of businesses, introducing you to new customers to help fill your idle capacity whether that’s products or services, with the help of an electronic currency called a Trade Dollar.
Simply put, the Bartercard concept allows you to pay for products and services between members instead of paying in cash, you can then use these Trade Dollars to offset cash expenses within your business. Trade Dollars are a well-recognised and accepted method of payment in New Zealand. One Trade Dollar is equivalent to one New Zealand dollar for all accounting and taxation purposes.
Assuming your current cash business is already covering your fixed overheads (for example rent and wages), and you have the capacity to take on new customers, the only cost to you in supplying a Bartercard member is your product replacement/variable cost. In effect, each time a purchase is made between Bartercard members, they receive a discount equal to Gross Profit Margin (GPM). Each time you spend with Trade Dollars it will come back to you in the form of new customers from another Bartercard member, who are motivated to utilise your goods and services because they’re paying with their GPM, savingthem cash every time they spend.
The new customers generated by Bartercard will be incremental (on top of) your existing cash business, therefore not interfering with your existing business model.
Bartercard aims to increase your business by 5-10% and increases your net cash profit, and we can prove this to you! Click here to watch our video