| One-to-one trade
also limits the amount you can trade with each other,
based upon the quantities of goods or services you can purchase
directly. Radio air time is valued at about 20 pizzas per minute. So
even if the radio station was willing to take your pizzas, how many
commercials can they trade? Through
BNI, you can sell hundreds of pizzas throughout our network. We convert the value of those pizzas into Barter Dollars that you can
then spend on radio advertising to grow your business. Or you can
buy printing or supplies or a much-needed vacation for you and your
family.
When you join BNI
you are assigned a personal broker. This person is
responsible for helping you sell your good and services across the network
and
helping you source and purchase the goods and services you want and
need. Plus your broker will manage these trades to ensure fair value
received and given. We manage the whole process so you have time to
focus on your business.
How will bartering through Business
Network help grow my business?
Sales is often the hardest part of any
business success. What if you could tap into a source of new
customers? Even better, these new customers are already SOLD when
they walk through your door, or call you on the phone. Business
Network is a source of new, incremental business. It's like having a
commission-only salesperson.
In turn, as shown in the advertising
example in the first question, there are a great many goods and
services available in our network to help you grow your cash
business. Need advertising, a web site, flyers, postcards, signs?
Pay for them using your own goods and services (thereby discounting
by your cost-of-goods) and watch your business grow.
Oh, and each of those new Business Network
barter customers are potential referral sources. Serve them well and
they'll tell their business acquaintances, neighbors and friends;
none of whom may be in the network and therefore will pay you cash.
Are there tax advantages to bartering?
Tax-wise, barter income and cash income
are treated exactly the same. There are no tax advantages - nor tax
disadvantages - when bartering. Business Network Inc., will provide
your business with a 1099B at the end of the year for all the sales
you generated through our network. Similar to the cash world, any
business expenses incurred through barter should be tax deductible.
Consult your tax advisor for details on your particular tax
situation.
How shall I price my goods and services?
Pricing to barter customers should be the same
as to cash customers. A barter dollar equals a cash dollar. When you
go to spend your trade dollars, you will want the same fair
treatment. Trade dollars are just another form of payment.
What is the cost to become a member of
Business Network?
There is a one-time, nominal,
membership fee which is used to set-up your account. Transaction and
monthly fees cover accounting, marketing costs, as well as promoting
your business. Your fees also enable you to receive newsletters,
trade shows and other networking and sales opportunities. Speak to
our sales manager for more details. Or visit our
Join Us page for membership
details, an application and a great "Internet only" offer. |
