Nubarter News, Events, Testimonials, and Media

Origally posted on Augusted 16th by Barter Media Group

Here are 10 ways using barter in your business builds your assets, grows your wealth, increases your cash flow, and allows you to have more fun.

1. Barter can help you contain costs. You can get needed products and services whenever possible at your lowest marginal cost.

2. You can bring in new business through your trade exchange. These new people will also bring you cash-paying customers by way of referrals.

3.  Trade for products and services that will help increase company efficiency. A more efficient company is a more profitable company.

4. By expanding your customer base through barter you make your business more recession-proof.

5. You can use your cash more effectively by taking advantage of every trading opportunity.

6. Keep your employees happy through rewards and bonuses acquired through barter.

7. You will improve your profit margins because all barter transactions are at your marginal costs, not your gross costs.

8. You can develop new products or services because trading can free up more research and development funding.

9. Your market share increases automatically. Your pool of likely customers increases dramatically through barter.

10. Barter helps even out your up-and-down business cycles more effectively.

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Here are the most popular areas for barter:

1. Restaurants

2. Advertising

3. Printing

4. Dentists

5. Tires

6. Clothing/Shoe Stores

7. Veterinarians

8. Dry Cleaners

9. Orthodontists

10. Catering

http://www.msnbc.msn.com/id/30887001

Focus Atlanta Interview

06.04.2009 – A recent consumer survey revealed that three out of four Americans are planning a vacation trip this year despite the recession. People are modifying their vacations by looking for affordable destinations and by traveling to places that offer a great return on their investments, the poll revealed. NuBarter, a Savannah-based online bartering company becoming increasingly popular in this down economy is offering travelers a better way to enjoy their sizzling vacations – and keep their cash in their pockets. With the dollar doing much better internationally, families can now afford to plan foreign travel on a dime to destinations such as Acapulco, Turkey and other Western European countries.

Happy to paint a picture, Aaron Tillinger, owner of the NuBarter territory in Atlanta says, “We’re in the business of making lives easier. We’re happy to give families the opportunity for a summer of their dreams, in a down economy on barter!” He continues, “Picture this: three or four nights’ accommodations at a swanky international destination, beach chairs under the shade of umbrellas, memorable meals at an area restaurant with drinks included and a memory card full of decadent moments – most of it on barter.”

With over 1500 members, NuBarter offers global travel deals to exclusive resorts and hotels for families planning sensational vacations even in a recession. Studies show, bartering activity, a transaction that involves trading goods and services without exchanging money, rises dramatically during economic downturns. The worldwide organized barter exchange and trade industry has grown to a $16 billion a year industry and is used by thousands of businesses and individuals. NuBarter as a whole did just under $3 million in 2008 with expected revenue at $4 million this year.

Some destinations NuBarter members in the Atlanta area are enjoying are:
Bridge Hotel, Boca Raton, FL
California’s Mendocino Coast at Stevenswood Spa Resort
Vail Valley, Colorado
Corinthia Luxury Hotels, Turkey
The Buccaneer, St. Croix, US Virgin Islands
Rixos Hotels, Turkey
Waikiki and Maui Islands, Hawaii
Manzanillo, Mexico

Other international destinations include: Istanbul, Cyprus, France, Acapulco, The Mediterranean, Costa Rica and more.

Many destinations are luxury and 5-star resorts suitable for nice romantic getaways or perfect for a family vacation overlooking world renowned beaches and sparkling waters. These offers are only available to NuBarter members. To take advantage of these exclusive offers accessible only through NuBarter, please contact your NuBarter travel representative, Jenny Tillinger @ jenny@nubarter.com or via phone @ 770-855-5983.

All media inquiries should be directed to The Write Stylz Public Relations Firm at 404-573-1627 or via email at publicist[at]thewritestylzprfirm.com.

About NuBarter
NuBarter.com is a community of global businesses that barter their goods and services. We provide an effective way to increase sales, reduce cash expenditures and increase profits. Our experienced team of business professionals offers and innovative and proven approach to business. Visit us online at www.NuBarter.com for more information.

The following is an excerpt from the June 6th article, “Bartering: It’s a Booming Business,” published on the website Burnabeynewsleader.com.

If there’s a wheeler-dealer in the local world of bartering, it might be New Westminster’s John Klockow.

In 2005, when he had to sell his Richmond condo, Klockow skipped the traditional step of calling a realtor. Instead, he turned to Trade Exchange Canada (TEC) where he’d been a client for years.

The company found him a buyer through its membership. The condo sold for $250,000, of which $40,000 was paid in TEC “barter dollars” or credits.

Klockow then used those barter dollars to buy plumbing services, new uniforms and furniture from TEC members for the renovations he was completing at The Pen Cafe, which he owns in the Fraserview neighbourhood.

On top of that, he saved about $10,000 in realtors’ commissions.

He’s also used barter dollars to pay for dry-cleaning of restaurant linens, computer services, flowers for the cafe patio and alarm monitoring. The cafe’s food supplier accepts barter dollars for 25 per cent of the payment.

Klockow earns his barter dollars by selling gift certificates to his restaurant. The beauty of it is his overhead for staff, heat and power is the same whatever form of payment people use. So all the gift certificates really cost him is the price of the food itself—about 26 per cent of the bill.

“I know right away if I were to stop using barter, right away my food costs would go up two to three per cent,” Klockow said, of having to pay his suppliers all in cash.

With $500,000 in sales a year, that would add $10,000 to his business expenses, no small sum.

But using the trade service doesn’t just save him money, he stressed. It creates a revenue source, and is a great way of marketing to customers, particularly as his restaurant is tucked away on the former B.C. Penitentiary site.

“It helps increase your cash flow. It brings people into my restaurant that probably wouldn’t come in but because of the gift certificates, they’re specifically coming to my restaurant.”

And he’s gained a number of repeat customers as a result.

To view the entire article click here:    http://www.bclocalnews.com/greater_vancouver/burnabynewsleader/news/47073227.html

In an article in the June edition of  REASONONLINE.com contributing editor Greg Beatod identifies NuBarter as one of the new players in the barter industry.

“Like so many dot-com casualties, most of those big-name sites have already been forgotten. But a new generation of start-ups has emerged to take their place. Businesses are using online exchanges such as ITEX, BizX, and NuBarter.”

Beatod goes on to give a very creative description of barter in general, “Along with being the world’s oldest form of commerce, barter is impeccably au courant. You want sustainability—I’ll trade you my junk for your junk. You want authenticity—there’s nothing more primal than getting paid for your Web design services with 50 pounds of meat. And at a time when the public has soured on impenetrably complex subprime financing instruments, barter is the ultimate antidote. You have some excess beads and trinkets you can’t move, your trading partner has an island, and you swap. It doesn’t get any simpler than that.

To view the full article click here:  http://www.reason.com/news/show/133215

By Eddith Sevilla | South Florida News Service
June 7, 2009

When Brian Remick shut down his Wilton Manors sculpture gallery after sales slumped last year, he had no idea the works of art would later pay to fix his car.

Lacking the $475 to get the radiator and air conditioner fixed, Remick decided to pay with two sculptures valued between $225-$250.

“Everything is tied to cash, and I would’ve had to pay cash or put it on a credit card, which I don’t have,” he said.

Throughout South Florida, bartering — the practice of exchanging goods for services instead of dollars — is helping businesses and their customers weather tough times. In the United States, it is estimated to generate more than $3 billion through trade and exchanges, according to Robert B. Meyer, editor of BarterNews.com.

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Car repairs are not all Remick is getting out of his sculptures.

He recently bartered a small sculpture for an 18 karat gold necklace for his fiancee. He feels the statue and necklace were of equal value — about $1,400.

And when he told his neighbor that things were starting to pick up, she pulled out a new $300 Electrolux vacuum cleaner. This became another barter opportunity for Remick who in exchange gave his neighbor a three-figure sculpture valued between $250 and $275.

Had he spent money on all the goods and services he has received from the trades, he would’ve spent $5,000, Remick said.

“Before barter was just a word for me and I always thought, ‘Wow, what a great concept,’” he said. “When I had so much inventory and when money became so tight, I decided to seek other avenues and bartering just made sense.”

He has another 1,200 sculptures from Zimbabwe in a Fort Lauderdale warehouse that he hopes to barter for more needs and services.

Felix Rodriguez, owner of LunchTimeRush, a home-based catering business in Hialeah, is about to launch into bartering, which he calls “matching favor-for-favor.”

Rodriguez has lost 7 of 10 clients, which amounts to about $1,400 in revenue per month, he said.

Rodriguez plans to host a networking party in the next few weeks to promote LunchTimeRush. Because he can’t afford the hundreds of dollars the event would cost, he’ll count on bartering to help pull it off.

He’s hopeful that entertainment for the party will come through bartering.

“A friend of mine has a production company where he has two or three bands under his label and I’ll be asking him to have one of his bands perform at the tasting,” said Rodriguez, who plans to offer catering service to his friend in exchange. “It’s a lot harder to just give that money over when I could easily trade the service.”

And that is why bartering is becoming more popular — it gives people the ability to find things that they don’t necessarily have the cash for, but have the excess capacity or inventory to trade for, said Karen Roumay, who runs the South Florida region of NuBarter, based in Boca Raton.

“People are looking to scale down instead of gear up,” Roumay said. “Companies that are looking to expand during this time are definitely going into barter. It has exploded.”

That’s good news for her company. While many businesses struggle in this economy Roumay said her company is gaining. In 2008, NuBarter generated $250,000 in revenue in Florida for the first quarter. This year the company has already generated $1.2 million in revenue in the first quarter.

Professor John H. Boyd, who heads the department of economics at Florida International University, said that bartering comes with a big disadvantage: inefficiency.

“In order to barter, both parties have to have goods the other party wants.” Boyd said. “This is usually not the case, and a more complex transaction involving several parties may be required to make the transaction work.”

Like Remick, Rodriguez plans to continue bartering even after the economy picks up.

“It provides an opportunity for future trades, future joint ventures. It’s almost limitless if you think about it,” Rodriguez said.

Eddith Sevilla can be reached at eddith.sevilla@fiusm.com. The South Florida News Service is staffed by Florida International University students, who report articles for the Sun Sentinel, The Miami Herald and The Palm Beach Post.

http://www.sun-sentinel.com/business/sfl-barter-economy-060709sbjun07,0,4686660.story?track=rss