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. [...]
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 [...]
By Sean Sykes, Account Executive When the historic Grand Lake Theater in Oakland needed a new paint job, they turned to barter to help with this costly, but much needed expense. The iconic building stands out in the city with its famous rotary contact roof sign (the largest west of the Mississippi), but the exterior [...]
By Heather Popa, Account Executive at BizXchange Members of B2B trade exchanges often think of offsetting business expenses and purchasing personal perks for business owners and employees that they otherwise wouldn’t be able to afford. But members often don’t think about the benefit of being a member if there is ever an emergency in their [...]
In these videos Lee Travis, Owner of Obot Electric, discusses how he has used barter since joining a B2B trade exchange in 2004. He does commercial and residential installation and repairs, lighting retrofits and lighting upgrades. If his employees aren’t working all the time, he is losing money. By filling their downtime with jobs done [...]
