Archive for the 'Barter News' Category
In cash-strapped times, Tait Carson of Tradebank is building a cash-free economy in Orlando.
Businesses in the Tradebank network trade their products and services for “trade dollars,” which they can use to buy from any of the companies in the network — with a range of companies from, as Carson says, “accountants to zoos.”
The bartering system allows companies to do business with one another without using financial resources, something Carson said has become an increasingly appealing proposition in recent years.
When money was falling out of the sky three years ago, [businesses] weren’t really thinking of new ideas,” Carson said.
That was then. Now, just more than a year after he opened his Orlando office, Carson claims an ever-growing client list. According to Carson, more than 200 businesses signed up with him in his first year alone, making his the fastest-growing region in the national company’s 20-plus year history.
As the regional owner of Tradebank of Orlando describes it, the key to Tradebank’s success with bartering is that it doesn’t rely on one-on-one trades……
http://www.orlandosentinel.com/business/os-tradebank-fast-growing-region-20100310,0,948681.story
Matt Llewellyn, Managing Partner of 23rd Street Brewery, has been a Client of Tradebank for four years. Llewellyn states, “If you are not with Tradebank you really should be. It’s a great way to grow your business as well as saving on dollars that you might not want to spend on essential things.”
A savvy trader, Llewellyn explains, “The first place I call is Tradebank to see if they have anybody that I may be able to utilize that instead of using cash dollars I can use trade dollars for that kind of thing.
Llewellyn continues, “I certainly welcome anyone who comes into my restaurant and uses their trade dollars. The way Iook at that, it just saves me money in the long run because I am able to buy things that otherwise I might think twice about if my restaurant may truly need.”
Barter Business Opens in Colorado Springs
Tradebank of Colorado Springs offers businesses new ways of saving cash and promoting business
Colorado Springs, CO (January 27, 2010) Tradebank of Colorado Springs, a new franchise of Tradebank International Inc. (Tradebank), is now open for business. Regional owners Ross Porter and John Lynch have already begun educating local businesses on how to barter for products and services they would otherwise pay cash for. This announcement was made by Todd Gerry, President of Franchising for Tradebank International Franchising Corporation.
Hundreds of business owners and professionals are currently members of neighboring Tradebank of Denver, owned by Porter and his wife Jennifer since purchasing the existing territory in May 2009. They have seen tremendous growth in the last year—with a large boost in new accounts and a 150 percent increase in trade volume. “Businesses throughout the Tradebank network are enjoying the benefits of barter,” said Porter. “Barter can help reduce overhead, improve cash flow and increase cash profit. In any economy, barter is a win-win solution.”
Tradebank, overall, has experienced a 57% increase in new account sales last year and has seen volume go up by 11 percent. 2009 brought in more than T$40 million in trade transactions.
Prior to becoming regional owners of Tradebank, Porter and Lynch were both clients of Tradebank. Porter had been an active member of Tradebank for 15 years by bartering the meals at a restaurant he owned in the Atlanta, Ga., area. He now lives in Denver. Lynch bartered advertising opportunities with Tradebank as owner of Uview Media, a provider of “out of home” advertising. Since 1992 he has operated the company with his wife, Tiffany, a graphic designer. Lynch brings years of sales experience and a contact base of more than 200 restaurants and another 200 local business contacts to help build clientele in the Colorado Springs area. He now lives in Aurora.
“We will have a strong management presence in Colorado Springs on a regular basis,” stated Lynch who believes that is a key differentiator among competitors. “I’m excited to help other businesses the way Tradebank has helped my business grow over the past 14 years. Barter has helped reduce cash expenses, making a real difference in meeting our financial obligations,” he continued. “We’re focused on growing barter in Colorado Springs and building synergy with businesses in Denver and the thousands of other members in our network.”
”We are pleased to open business in such a great community as Colorado Springs,” stated Gerry. “Ross and John are coming into a great situation because along with an existing client base in nearby Denver, they bring a tremendous amount of barter and sales experience to the table.” Businesses can contact Tradebank of Colorado Springs by calling 719.232.5212 or e-mailing to rporter@tradebank.com or jlynch@tradebank.com.
-more-
More About Tradebank
Tradebank International Inc. (Tradebank) is a privately held international trade exchange founded in 1987. Headquartered in Lawrenceville, Ga., Tradebank operates in more than 70 regions within 14 states in the U.S., Canada, Czech Republic and Slovak Republic. More than 11,000 Tradebank clients barter their products and services. Tradebank earned the Consumers’ Choice Award for 2009 in the “Barter and Trade Exchange” category and received the 10 Year Gold Award in 2009 for earning the award ten times. Tradebank International Franchising Corporation is the entity that was formed for franchising the Tradebank International Inc. concept. www.tradebank.com.
###
Photos and interviews available
Businesses of all sizes are scrutinizing expenses and cutting costs where they can.
Some costs of doing business — advertising, ordering inventory and construction — can’t be eliminated entirely.
That has led the Iberian Pig and others to a centuries-old idea they say helps in any economy: bartering.
Among them is Blue MedSpa, a four-year-old company that offers traditional spa services, such as facials, massages, liposuction and tattoo removal.
“Right now, it’s tough economic times,” said Scott Cooper, Blue MedSpa’s chief operating officer.
Like the Iberian Pig, the spa barters its offerings through the services exchange firm Tradebank International for things it needs, such as advertising. The advertiser is “paid” with credits that they can use to purchase services of another member firm in Tradebank’s network….
Bud Kottman, the owner of Slumberland Furniture, recently threw a customer appreciation breakfast, complete with pastries, coffee, and a waiter to serve it all. And he didn’t pay a cent for any of it. Instead, he spent “trade dollars,” currency he earned by bartering couches, mattresses, and other pieces of furniture.
With cash at a premium these days, more businesses are doing what Kottman does and bartering goods and services to other business owners. It can be done informally — two companies making an evenly valued trade — or in a more formal “exchange” by which companies earn barter trade credits that they can bank and use with any vendor participating in the exchange network.
Kottman has been bartering for more than a dozen years. In June he joined Tradebank International, a barter exchange, as a way to expand his barter network further than the friends and business partners he knows face-to-face. Since then he’s bartered furniture for advertising, new tires and oil changes for the company’s vehicles, employee incentives, a security system, and hotel rooms….
“Tradebank has been around since 1987,” Henry said. “I’ve been open here since June and we just hit 50 trade partners….
Having the opportunity to work closely with hundreds of business owners, Tait Carson, Regional Owner of Tradebank of Orlando, understands the pitfalls and challenges that businesses face in today’s tumultuous economic climate. In response to the overwhelming feedback from the business community interested in how they can gain a competitive edge in the marketplace and increase profitability, Tradebank of Orlando is now offering weekly barter seminar luncheons to educate local business owners as to the benefits of incorporating barter into their business plan.
Carson states, “Tradebank provides business owners the unique opportunity to conserve their cash and increase their
profits. While many businesses have participated in direct trades, very few are familiar with doing business though organized barter companies such as Tradebank. Our weekly barter seminar luncheons provide business owners with the perfect opportunity for them to have lunch while learning about how barter can boost their bottom lines as well as network with other prominent business owners in the community.”
Tradebank of Orlando barter seminar luncheons are held every Wednesday from 11:30 am – 1:30 pm at the MetroWest Country Club located at 2100 S. Hiawassee Road, Orlando, FL 32835. The luncheon is free to participate, but RSVP is a must. Call 407-448-1068 or go to http://tradebankoforlando.com/rsvp.htm.
Tradebank offers smarter way to save on services…..
FOR IMMEDIATE RELEASE Contact: Fitzgerald PR 770-887-6060
Tradebank of Atlanta-DeKalb Has New Regional Owners
LAWRENCEVILLE, GA (September, 30 2009) Tradebank International Inc. (Tradebank) is pleased to announce that the Tradebank of Atlanta-DeKalb region is under new ownership. Julius Green and Lance Melon purchased the DeKalb territory, on September 1, 2009, with the goal of exponentially increasing barter activity in the region and to further educate local businesses on the benefits of barter. This announcement was made today by Todd Gerry, President of Franchising for Tradebank International Franchising Corporation.
“Barter offers great benefits to business owners looking to save cash on expenses and overhead,” stated Green who previously worked as a Prepaid Legal executive director and in corporate America as manager of financial accounting. “Based on my financial background, I understand and am impressed with how barter can affect the bottom line of a business.” Lance Melon and his wife, Linda Melon, were previously in business at the Gwinnett Place and North Lake Malls owning two separate kiosk merchandise displays. Linda is now Tradebank of Atlanta-DeKalb’s full-time broker.
Tradebank of Atlanta-DeKalb was previously managed by Jerry and Teresa Holley, who currently operate two other Tradebank franchise regions in the Metro Atlanta area. Many loyal business owners and professionals are currently members of Tradebank of Atlanta-DeKalb and have been enjoying the benefits of bartering for products and services they would otherwise pay cash for.
“Business owners are always looking to expand their business throughout the year,” stated Gerry of the 22-yr. old, Lawrenceville-based Tradebank headquarters, “but what are they doing in order to make it happen? One overlooked solution for those who have yet to achieve their business goals, or those who just want to bolster their bottom line a bit more, is bartering. Tradebank provides an immediate ability to tap into a market that is guaranteed to provide new, incremental business.”
Many businesses have chosen recently to find out what barter is all about. Tradebank has recently seen ‘09Q2 trade volume go up 11% and new account sales go up by 51% compared to ’08Q2.
More About Tradebank
Tradebank International Inc. (Tradebank) is a privately held international trade exchange founded in 1987. Headquartered in Lawrenceville, Ga., Tradebank operates in more than 70 regions within 14 states in the U.S., Canada, Czech Republic and Slovak Republic. More than 11,000 Tradebank clients barter their products and services. Tradebank earned the Consumers’ Choice Award for 2008 in the “Barter and Trade Exchange” category and has captured this award seven times. Tradebank International Franchising Corporation is the entity that was formed for franchising the Tradebank International Inc. concept. www.tradebank.com.
###
Tradebank International, Inc. is one of those rare companies that is perfectly positioned to grow during a recession. Not only that, but they are helping other businesses grow along the way….