It’s been about a year since the Covid precautions and regulations began, and most business owners are still struggling to cope with the “new normal”. According to health and economic professionals, it’s going to be a long road to get back to full capacity.
You probably have done everything you could to maintain normal business structure, and keep your employees and your customers. Most likely you are probably facing burn out trying to figure out the next thing you could possibly do to reduce costs and save as much capital cash as you can.
That makes this the perfect time to consider joining the IMS barter exchange.
According to Cheryl Czach of Cheryl Czach Coaching and Consulting, LLC in correspondence with Forbes, “One novel way I’ve seen small businesses navigate this challenge is through bartering. Exchanging services with another small business or solopreneur allows you both to get needed support without the financial impact. Swapping coaching for accounting is a great example. Of course, it’s important to agree on the value of services and terms of the engagement upfront.”
Modern barter exchanges are more than swapping one service for another with another small business.
“There are formal barter exchanges that process the barter transactions, acting similar to a financial institution. Your barter dollars are banked for future use, when you can tap them to “purchase” goods or services from members. Prices are set in trade dollars. Members of the network pay in kind through a payment platform,” explains John Strabley, CEO of International Monetary System, who was quoted in an article on Money.com.
By joining a barter exchange such as IMS, you can reap many benefits using trade as a currency. By doing B2B bartering you can use trade to:
All these options are just a portion of what a barter exchange can do for your business during tough economic times, and beyond. If you are interested in learning more about barter, read more here, otherwise, give us a call and we can walk you through how barter can change the way you do business.