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Remember, the IRS treats a
trade dollar like a cash dollar. Therefore, trade dollars spent on
business related purchases can be deducted on your taxes as a
business expense. Of course, check with your tax advisor for more
information. Learn More:
Top 5 Reasons to Barter:
As a BNI member, you enjoy these
benefits and more:
Improve Cash Flow:
Members can purchase needed goods and services with incremental
sales of their own products and services. This is especially
advantageous when your company can use leftover merchandise, excess
inventory, unwanted assets, unsold time on your calendar, et
cetera. BNI membership creates new revenue for your company,
without displacing your existing customer base. Meanwhile, you can
turn your excess inventory or capacity into everyday business needs
-- in place of spending cash -- by using trade dollars to purchase
from other exchange members. Converting barter dollars into cash is
an especially attractive option for some BNI members. For example, a
retailer may purchase goods on barter and then sell them to their
regular customers for cash.
Generate New Sales:
One way to see Business Network Inc. is as an independent,
commission-only, sales rep. BNI actively markets your goods and
services throughout our network. Fielding hundreds of calls per day,
BNI brokers search out and fulfill your purchase requests with other
exchange members. Plus there's a bonus boost to your company. Most
every successful business depends upon word-of-mouth referrals from
satisfied customers. Barter customers are an excellent source of new
customers as they spread the word of a member business to their
business acquaintances, friends and family. These new customers
represent new cash business for you.
Find Hidden Profits:
Fortunate indeed are the favored few businesses running at 100
percent capacity: professionals with full appointment calendars,
manufacturers with back orders, retailers with lines out their doors
and restaurants with two-hour waits. Every business must invest in
their required overhead, regardless of how much they sell. We spend
on space, machinery, equipment, people, education, utilities and
other resources to provide our chosen goods and services. Most of us
find that at the end of each day, month, quarter or year, we have
not sold 100 percent of the goods or services we had the capacity to
produce. Recapture that lost value! BNI offers its members an
additional opportunity to sell that unsold capacity at full retail
value. Other businesses have perishable products or slow-moving or
unwanted inventory. BNI offers the opportunity to move these assets
at full value.
Conserve Cash:
You spend everyday for goods and services you could have bought with
barter instead. Spending barter instead of cash effectively
increases your business budget by increasing your spending ability.
Remember, those barter dollars you're spending -- instead of cash --
came from selling your excess inventory. Meanwhile, you conserve
cash to save, invest and spend for the few things you can't buy
through BNI. The key to success is to, "have barter on the brain,"
as one of our members says. Before she makes any purchase, her first
thought is to see if she can purchase it through the exchange.
Managed Relationship:
Trading member-to-member through Business Network Inc. eliminates many
of the negatives businesses typically encounter in the cash world.
Trading through BNI, you enjoy the advantages of a managed
business relationship. Unlike the "anything goes" and "buyer
beware" cash marketplace, our trade exchange operates with a set of
rules enforced by our exchange brokers. Any business not following
BNI rules or meeting our standards is ejected from the exchange.
Membership in BNI helps qualify the quality of goods and services
provided through the network. Our brokers manage both sides of the
trade, ensuring satisfaction for both buyer and seller. Our brokers
serve as purchasing agents to locate vendors and sources for our
members. Then each trade is pre-approved, so there are no
receivables nor concerns about nonpayment. Barter purchases are easy
to conduct by using a membership card. You get full accountability.
Each month you receive a full and complete statement of your account
activity as detailed as a typical credit card or bank statement.
Learn More:
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