The third element to managing a barter economy is the company’s currency deficit. A deficit is the amount by which a sum of money falls short of the required amount. In a national economy, it is the difference between government spending and the total revenue from taxes. This same principle applies to the BizX economy. [...]
Another key element in managing a modern, sophisticated barter economy is the velocity of the economy’s currency. Just like in a national economy, constant spending is largely associated with economic strength. Having an active economy means people value their exchange’s currency, they are willing to accept the currency and they have valuable places to spend. [...]
In the barter industry, it is not uncommon to hear barter dollars referred to as “funny money,” which often implies that it is not a legitimate currency and that the barter economy is properly administered. In reality, the complexities and considerations associated with managing a modern, sophisticated barter economy hold many similarities to managing a [...]
Often barter is seen as an ancient method of paying for goods and services where two individuals swap to receive what they need. Today this type of direct barter has been updated to a more sophisticated system, which allows for complex trading. It exists in conjunction with modern monetary systems and is part of many [...]
There are a number of reasons to use barter in your business and a number of benefits to being a member of a business-to-business trade exchange. When you join a trade exchange they provide record keeping, networking opportunities and the ability to buy from and sell to a group of other companies.They also provide an [...]
When joining a trade exchange one of the first questions asked is “What can I buy?” Although this is an important aspect of joining, there are a number of other things to think about when joining a b2b barter network. This ensures that you receive the most out of a barter network and see the [...]
Recently there has been a rise in the presence of bartering services. It make sense that in an economic recession, people are looking for ways to make these types of transactions. Individuals and companies still want the products and services they need, but without spending their precious cash. When many people think of barter, they [...]
A main reason companies join a B2B barter exchange is to gain more market share, which is often an expensive and time consuming task in the cash market. In a cash market, companies hire new sales staff, offer special discounts or promotions or spend on advertising or other marketing campaigns to obtain new customers, which [...]
Many people know the benefits of barter: it saves cash on expenses and allows companies to acquire products and services at their own cost of goods. But people are also very aware of the many problems that can arise when participating in direct barter. Many of these can be solved by joining a business-to-business trade [...]
This video features BizXchange co-founders Bob Bagga, CEO, Chris Haddawy, COO and Raj Kapoor, CFO. They discuss the B2B barter industry as a whole and how the industry and BizX is working to provide structure to trade transactions around the world. They discuss how being a member of a trade exchange allows companies to conduct [...]
