Please join us for an evening of networking, shopping and refreshments at Ruffin Trading Company, 2002 Skidaway Road, Savannah, GA
Tuesday, October 27, 2009
5:30-7:30 pm
Jacquie Stein: jacquie@nubarter.com
912-233-0808
One local company is in the running to win $100,000 worth of prizes from Forbes. On the line is $50,000 in cash and $50,000 in Forbes.com advertising.
NuBarter, Inc. is a Savannah-based company that allows individuals and companies to buy and sell goods and services using trade credits. Currently, says President Gary Field, NuBarter is only operating for businesses, but the company would like to expand to offer its services to the general population soon.
Thousands of businesses submitted an application, and after a lengthy screening process by established members of academia, small business operators and consultants and the Forbes.com editorial department, 20 semi-finalists were selected.
“It’s very exciting. We’re competing against incredible business ideas nationwide. And for this little business in Savannah to be picked as one of the 20 semi-finalists is a huge honor,” says Field.
Once selected as a semi-finalist, Field and his crew had to make an elevator pitch, a 30-second video introducing the business and explaining what services they offer. The video, which was filmed entirely on barter, is currently on the Forbes Web site, and visitors are voting to decide which five semi-finalists will make it to the next stage of the competition.
| Savannah’s NuBarter Makes Forbes Semi-Finalists in “Boost Your Business” Contest (NEW YORK, NEW YORK) Twenty entrepreneurs have advanced to the second stage of Forbes.com’s third annual “Boost Your Business” editorial contest, available at www.forbes.com/byb. Visitors to Forbes.com can now vote for the five companies most poised for growth among the 20 semi-finalists. Their submissions, including self-recorded 30-second “elevator-pitch” videos, are available for review at www.forbes.com/byb. Voting for this round runs through September 30. Contestants represent businesses in various industries–from nurse-concierge services and online book rental, to enterprise software and yoga accessories–and are headquartered around the country. “The quality of our contestants gets better with each passing year,” said Brett Nelson, Entrepreneurs Editor at Forbes. “We wish them luck in the second round. Captivating our savvy readers in only 30 seconds on video is no mean feat.” In the first round of the contest, which began in May, entrants submitted a 500-word write-up about their small business, including a description of the business model, current capitalization and theoretical plan for investing the prize money. From the 20 semi-finalists who made it to the second round of the contest, five finalists will be selected to compete for the grand prize. Those five finalists will be flown to New York City to give live presentations to an expert panel of judges. The winner will receive $50,000 in cash and $50,000 in advertising on Forbes.com. 20 SEMI-FINALISTS Onsite Nurse Concierge Dove Canyon CA Green Paper Studio Bethesda MD Naturally Bamboo Mankato MN i-Nalysis Concord MA NuBarter Savannah GA Plank Charlestown MA NuClimate Air Quality Systems, Inc. East Syracuse NY Audissey Guides Boston MA GreenSoul Shoes New York NY GiftCardRescue.com Ellicott City MD Base Brands Atlanta GA Healthy Life Screening Akron OH BookSwim Newark NJ INeedAPencil.com Cambridge MA Earthborn Studios, Inc. Leeds AL Plastic Jungle Mountain View CA ReadyPing Chicago IL I Want A Better House Nashville TN Encore Path Baltimore MD Ksplice Cambridge MA |
Savannah Office Supplies is located at 104 Broughton St. in Savannah between Drayton and Abercorn St. Bora Akcakanat sells everything from office supplies to office furniture, mailing supplies, HP cartridges, appointment books and planners,and much more. Stop into his store or visit his website at www.savannahofficesupplies.com. He also offers fast, free delivery for all orders $50 and over. He is accepting up to $30 per transaction on 100% trade and a $600 monthly limit.
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.
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
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