These businesses understand that by paying for expenses with trade income instead of cash, it allows them to have more cash available for other things.
This “new” money goes straight to their bottom line. Take a look below at the many trade benefits created by participating in the trade network.
Trade Increases Sales
Tradesource markets its members to hundreds of local businesses and thousands of businesses nationally that are potential customers over and above your daily cash-paying customers. Member businesses will make incremental sales because of the demand of buyers looking for trade opportunities from within the trade network.
Trade Means Increased Profitability
With trade, added profits are realized by members because of new customers. Sellers in a trade network make incremental trade sales (over and above their cash business) and increased sales mean increased profits.
Trade Improves Cash Flow
There are two main ways to increase cash flow – more sales and reduced costs. Using trade does both! Trade allows you to pay for what you need with what you have, allowing you to preserve working capital for other needs. When you use trade instead of cash to purchase needed products and services, you reduce your cash costs by paying for them with revenue generated by new trade sales. When you purchase something using trade credits, it will be paid for with new sales that probably would not have happened without a membership in the trade exchange.
Trade Means Wholesale Buying Power
The real cost of the products you purchase on trade is actually the wholesale cost of your trade credits earned. Making sales with built-in profits makes the cost of your purchases more economical on trade. When you join Tradesource, you open the door to a new, cash-free way of handling everyday business and personal expenses.
Trade Moves Excess Stock and Fills Idle Production Time
Every business owner struggles with the dilemma of what to do with extra inventory or idle production time. Trade provides a tool to put that excess to use in profitable ways. Tradesource matches your product or service with businesses looking to purchase them on trade. It’s a win-win situation.
Trade Provides a Competitive Edge
Tradesource participants patronize your establishment over the competition, because your Tradesource affiliation is an incentive to do business with you. Tradesource attracts new customers to your business without affecting the existing cash sales already being generated by your company.
Trade Means New Cash Sales
That’s not a misprint. Yes, we said cash sales. If you perform a good job for a Tradesource member, they’ll refer their cash-paying friends, clients, family and associates to you.
Trade Means No Bad Debts
Trading takes the hassle out of collections. When you make a trade sale to a Tradesource member, you can call the corporate office in advance for authorization to verify that the member has the trade credits to pay for their purchase from you. Then, upon order completion or delivery, a simple signed transaction slip submitted to Tradesource will confirm the transfer of funds. It’s that simple.
Tradesource Makes Record-Keeping Easy
Tradesource works like a bank, providing record keeping and administrative services for your trade activities. Direct trading often becomes cumbersome at record-keeping time. With Tradesource’s convenient clearinghouse concept, there’s no need to keep track of the credits traded. They use state-of-the-art technology to track sales and purchases and provide an easy-to-read, itemized monthly statement. Plus, the Member Website is available for transaction processing anytime that you want.
Wonder how trade can impact your business? Request a personalized demonstration to experience the Tradesource trade exchange or join now.