https://youtu.be/0QaDT443HOc
Held in June 2016, the Bartercard New Zealand Mid-Year Trade Show welcomed over 100 exhibitors from around New Zealand to the ASB Show Grounds in Auckland.
To find out more about how Bartercard can grow your business visit www.bartercard.co.nz/Contact.html to fill out your contact details and a member of our team will be in touch will you soon, or call 0508 227 837.
https://youtu.be/jXTlWdTweDw
Bartercard is quarter of a century old this month! Its doors officially opened on 1, November with its first transaction being processed the very next day with, still active member, Kennedy Furniture.
Founded in 1991 on the Gold Coast, Australia, Bartercard is the world’s largest trade exchange, attracting new customers and increases sales. The concept allows businesses to exchange goods and services without the use of cash. It has 6,000-member businesses across New Zealand, approx. 15,000 cardholders, 13 local branches, 110 staff and trades more than $150million worth of goods and services outside the cash economy each year.
Over the years Bartercard has made advances in technology, and innovation is key to their longevity and success. In 2016 they partnered with the popular Entertainment™ Book and have many affiliations with charities and sponsorship deals.
In 2010, the Bartercard Foundation was established as a registered charity to support those charities requiring wider national prominence for their great cause.
Unlike most charities who aim to pass on 80% of their donations to the cause, with 20% to cover expenses and other costs, 100% of the donations raised by the Foundation go to the chosen charity. Bartercard New Zealand pays for all the costs of operating the trust.
Bartercard aims to become the sales growth network of choice and we can see why.
Bartercard has been a great addition to our business, we use it for all manner of business expenses as well as the odd luxury item that pops up. Once we figured out how it would best work for us everything just fell into place. I would highly recommend Bartercard as a means of increasing your business income. The assigned territory trade brokers give you one point of contact and they are worth their weight in trade dollars, they make everything very easy.
– Gary Rainey, Manawatu region
Happy birthday Bartercard!
Does Bartercard Work? YES and It Boosts Business
Lower Hutt and Auckland businesses are the star big-city performers in New Zealand’s cash-free economy, while Selwyn is the top rural region.
Bartercard members in those three areas enjoyed the largest increases in sales in the year to June 2014, with some achieving growth of close to 25%.
Lower Hutt in particular has seen a surge in the volume of bartering businesses with growth that outstripped the Auckland region by over two percentage points.
Data analysed by Dr Paul Bracewell from Wellington-based Dot Loves Data shows the country’s non-cash economy is thriving, with more than $200 million worth of goods and services ‘bought’, ‘sold’ and swapped each year through the Bartercard network.
More than 7,000 businesses belong to Bartercard in New Zealand, with some of them having been in the scheme since it began 23 years ago. Memberships ranges from start-up companies to long-established family businesses and charities, some of which use Bartercard ‘dollars’ to pay for advertising as well as to ‘buy’, ‘sell’ or swap good and services.
Bartercard NZ CEO John Scott says the top five sectors active in Bartercard are professional services, hospitality, automotive, construction and building, and food and drink.
“Meanwhile, provincial areas experienced the greatest improvement in operating cash flow, particularly Bartercard members in Horowhenua, Manawatu, Mid-Canterbury, Southland and North Otago.”
Dr Bracewell’s analysis looked at the performance of more than 3,500 members who have significant sales or spend through Bartercard.
“Two thirds of our members have been bartering on our exchange for more than five years while 31% have been involved for more than 10 years,” says Scott. “They stay in the scheme because they know it works – and works well – for their business.
Top Performing Large Regions (Increased Sales) – Above Average Growth in Sales after 12 months
• Lower Hutt City (16.7%)
• Auckland (14.2%)
• Hamilton City (11.0%)
• Christchurch City (10.1%)
After Two Years:
• Auckland (15.5%)
• New Plymouth District (15.4%)
• Lower Hutt City (12.9%)
• Napier City (10.2%)
• Rotorua District (10.1%)
Top Performing Small Regions (Increased Sales) – Above Average Growth in Sales after 12 months
• Selwyn District (23.0%)
• South Wairarapa District (12.8%)
• Timaru District (12.2%)
• Waikato District (12.1%)
After Two Years:
• Kapiti Coast District (>25%)
• Marlborough District (>25%)
• Far North District (>25%)
• Central Otago District (17.7%)
• Western Bay of Plenty District (11.1%)
• Waipa District (10.3%)
Improved Cash flow: Top 10 areas to experience an improvement in cash flow over a 6-month period:
• Horowhenua District
• Ashburton District
• Southland District
• Waitaki District
• Manawatu District
• Rotorua District
• Dunedin City
• Central Otago District
• Wanganui District
• Nelson City
About Bartercard: Following Bartercard’s creation in Australia in 1991, Bartercard New Zealand became the first international licensee a year later. Since its inception, the Bartercard Trade Exchange has grown to more than 7,000 member businesses across New Zealand who buy, sell or swap over $200 million worth of goods and services outside the cash economy each year. Bartercard operates in New Zealand, Australia, United Kingdom, Thailand, United Arab Emirates, and Cyprus.
Orignal Source : © Scoop Media
Rather surprisingly, Ask Bartercard has been asked, “Is Bartercard a pyramid based model or a Ponzi scheme?” This is surprising, only for the fact that Bartercard was founded on the Gold Coast, Australia, in 1991, and has been enjoying rapid growth ever since. The three founding Directors shared a dream and vision, to make Bartercard the world’s largest trade exchange, expand globally and sustain a brand identity with a street presence.
Following its creation in 1992, Bartercard New Zealand became the first international licensee, through the development of a sophisticated licensing model that has been efficiently replicated throughout the globe. So, no,
Bartercard is not a pyramid based model or a Ponzi scheme. As any business does, they seek to bring on new members to expand the network and provide new trading opportunities to their members, as well as replacing business operated by members that may have sold, closed or are otherwise unable to continue operating. There is no hierarchical setup where existing members gain rewards from new members further down a ‘hierarchy’ using the network. Their philosophy, business model and pricing structure are based on members making transactions, rather than merely becoming a part of the network.
To explain, the Bartercard concept uses an alternative, electronic currency (Trade Dollars) that is exchanged between members to pay for goods and services to improve cash flow (cash be conserved for other business expenses), reduce cash expenses (by using Trade instead) and attract new customers. Trade Dollars are a well-recognised and accepted method of payment in New Zealand, and one Trade Dollar is equivalent to one New Zealand Dollar for all accounting and taxation purposes.
Bartercard is a registered Financial Services Provider and operates in a bartercardsimilar way as a credit card or another bank account. When it comes to accounting, there is no difference between cash and Trade Dollars, with sales being recorded as income and purchases being recorded as an expense or asset, so for more information on how does Bartercard work, Bartercard members and getting new customers please go to http://askbartercard.co.nz .
Ask Bartercard celebrates the fact that Bartercard has been in operation for over 25 years now, and here they answer the question, “What are the benefits of a trade exchange?”
The Bartercard concept uses an alternative, electronic currency (Trade Dollars) that is exchanged between members to pay for goods and services to improve cash flow (cash be conserved for other business expenses), reduce cash expenses (by using Trade instead) and attract new customers. Trade Dollars are a well-recognised and accepted method of payment in New Zealand. One Trade Dollar is equivalent to one New Zealand Dollar for all accounting and taxation purposes.
Bartercard is a registered Financial Services Provider and operates in a similar way as a credit card or another bank account. When it comes to accounting, there is no difference between cash and Trade Dollars, with sales being recorded as income and purchases being recorded as an expense or asset.
You can promote your business to thousands of local, national and international businesses who are all potential customers. Bartercard has over 6,000 member businesses in New Zealand and over 36,000 member businesses around the world using Bartercard to grow their business.
There are so many benefits to joining Bartercard, and the first is you will attract new customers with Bartercard’s large referral network. Secondly, you can reduce your cash costs by paying with Bartercard trade dollars.Similarly, you can build business contacts, as Bartercard is a membership-based network, with many local and national networking events.
You will also clear excess stock without the need to discount, and finally, you can access interest free funding with Bartercard’s interest-free line of credit, which allows you to make purchases immediately upon joining the Bartercard network, so for more information on what is Bartercard, Bartercard members and how does Bartercard work please go to http://askbartercard.co.nz .
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