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Posts Tagged ‘barter’

Financing Your Business – A strong financial base is important to the success of a new or expanding business. Source: Florida Small Business

Wednesday, July 21st, 2010
Business Toolbox

Financing Your Business

A strong financial base is important to the success of a new or expanding business.

Danielle Williams
Danielle Williams, director of operations, Oceans 234, Deerfield Beach [Photo: Eileen Escarda]

» Trading Game   When Danielle Williams decided to remodel her upscale Deerfield Beach restaurant, Oceans 234, she relied heavily on barter, one of the oldest forms of obtaining goods and services. Williams, the restaurant’s director of operations, traded restaurant meals for more than $80,000 in new flooring, plumbing, interior design, uniforms, a logo, signs and more. The value of bartered goods added up to more than half the $150,000 total cost of remodeling. “It’s just so smart, so easy,” says Williams, who in late 2008 joined NuBarter, a Savannah-based barter network with offices in Daytona Beach, Sarasota, Tallahassee, Pompano Beach and Boca Raton.

NuBarter and other barter networks let members earn and use trade credits. So when Williams provides $500 in restaurant meals to the barter network, she can use those credits for any member’s goods and services, even if they never eat a meal at her restaurant. “It’s like having a Visa,” says NuBarter’s Karen Roumay. Barter networks charge members an annual fee, a monthly maintenance fee and collect a percentage of the value of the trade. In NuBarter’s case, the annual fee is $395 plus $15 per month in cash and $15 per month in trade credit. They collect 10% of the value of the trade in cash from the buyer.

Williams says that originally she thought she would barter only for a short period, but now that the remodel is finished she is bartering for all types of goods and services for the restaurant on an ongoing basis.

A key, she says, is knowing how much you can afford to trade each month.

Still, says Williams, “There’s no reason I would stop bartering.”

Barter Leaders Merge to Offer More Trade Opportunities

Wednesday, July 14th, 2010

Contact:            Gary Field

FOR IMMEDIATE RELEASE
Tel: 912-233-0808
Cell Phone: 912-631-6808
eMail:  Gary@NuBarter.com

BARTER LEADERS MERGE TO OFFER MORE TRADE OPPORTUNITIES
Barter dollars go farther as NuBarter and Barter Brokers International join forces
(July 2010) Savannah, GA based NuBarter (www.NuBarter.com) and Charleston, SC based Barter Brokers International (www.BarterBrokers.com) announce that they will join forces creating the largest barter marketplace in the Southeast. Barter Brokers International, a 16 year veteran with offices in Mount Pleasant, SC, has a membership base throughout North and South Carolina. NuBarter, based in Savannah GA, has offices across Georgia, Florida, and South Carolina with members totaling over 2000 in a wide variety of industries.

“We are excited to leverage BBI’s longevity in the SC/NC region and look for the integration between the two marketplaces to be complete by early to mid August of this year” said Gary Field, CEO of NuBarter.

As for joining forces with NuBarter, Bill Bailey, President of BBI, is thrilled to be able to extend the NuBarter network to his existing client base.  “Over the past 16 years we have seen tremendous growth in the barter community. Our joint mission is to continue to provide an effective way to increase sales, reduce cash expenditures and increase profits for our members.”

About NuBarter:
Established in 2002, NuBarter assists businesses in attaining new cash customers, increasing cash flow and profitability, reducing cash expenditures and saving companies’ needed cash reserves. Unlike other barter companies, NuBarter monitors the fair market value of goods and services  to avoid potential pitfalls and monitors member accounts to assists in the formation of a barter strategy, including  their goals and objectives, to insure the success of their transactions. NuBarter was the 2009 runner up in Forbes Magazine’s, “Boost Your Business Contest” and the 2010 winner of the Savannah Small Business Chamber’s “Business of the Year”.

About Barter Brokers, International
Founded in 1994, BBI has representation in Charleston, Columbia, Savannah, Hilton Head Island, Myrtle Beach, Greenville, SC and Charlotte, NC. BBI is a well established trade exchange in The Carolinas. BBI helps its member companies enhance their businesses through exchange of products and services instead of making cash disbursements.

# # #

If you would like more information about this topic please call Gary at (912) 233-0808 or email Gary at Gary@NuBarter.com

Atlanta Adds New Hotels to the network

Wednesday, September 9th, 2009

Very pleased to announce the addition of two hotels to the area.

The Hampton Inn at Peachtree Corners and The Hampton Inn at Ga Tech.

Both hotels have already had business from NuBarter members and gotten rave reviews. Price, service, comfort and location.

We will soon be adding more!

Low on Cash? Try Barter

Monday, August 31st, 2009

Published: 28 Aug 2009 01:18:06 PST

Author: Rosalind Resnick

Q: Our sales have been slow for the past three months, and I’m worried that we won‘t have the cash we need to keep our home based catering business afloat. Any ideas?

A: If you don’t have the money to pay your suppliers, ask whether they’ll consider a barter deal instead. Barter, a noncash exchange of goods and services that dates back to the dawn of human existence, has seen a resurgence among cash-strapped small businesses that lack the cash or credit to pay for the supplies, advertising and other products and services they need to survive.

As a catering business that can offer food preparation and hospitality services, your company is in an excellent position to barter with a wide range of vendors–radio stations that sell the ad spots you need to attract new customers, attorneys and accountants who may be willing to swap their professional advice for help throwing parties and creating gift baskets, even a web designer who’s willing to host or update your site. Thanks to the internet, barter deals can be done online through exchanges such as International Monetary Systems and Itex, which promise to help you conserve cash and boost sales by letting members trade their excess inventory at full value to purchase computer equipment, T-shirts, caps, phones, printing services and even restaurant meals.

But barter has its limitations. Just about every landlord still wants his monthly rent in old-fashioned greenbacks–and your local utility probably won’t let you use cupcakes to pay the electric bill. There are also tax consequences to consider. Michael Goldberg, a CPA from Scarsdale, N.Y., who advises small and midsize businesses on tax planning and compliance, says it’s important to remember that barter transactions are considered sales and must be reported to the IRS on your federal tax return.

While it may be possible (though not legal) to barter your services with the company next door and not report it, you can’t get away with it when doing business through barter exchanges on the internet. “Barter clubs credit or debit members’ accounts based on goods and services provided and purchased,” Goldberg says, noting that most club members will get an IRS form 1099-B from the exchange showing the value of the credits to their account.

However, debits to members’ accounts can be tax-deductible if they are spent in connection with a trade or business. “IRS looks closely at barter transactions to confirm that they are reported properly,” Goldberg says. “A standard preliminary question in an IRS audit is whether there have been any barter transactions.”

Top 10 Barter Categories

Monday, August 17th, 2009

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

Savannah Office Supplies has joined NuBarter!

Friday, July 10th, 2009

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.

NuBarter Offers Vacationing Families Good Times to Great Destinations

Friday, June 12th, 2009

manzanillomexico1

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.