The advantage of using barter exchange

"No matter what you have as an asset, nor what your wants or needs are, someone, somewhere needs what you have or has what you want and is willing to trade for it."

Barter exchange has several great advantages for you as a business owner. It creates possibilities which are not achievable without this service. Eurogain uses BBX barter exchange and we would like to share the top 7 of reasons to use barter exchange. This is so that you can benefit from it as well!

BARTER INCREASES SALES
Barter Exchange markets your company to other businesses who are members. Your company will secure incremental sales because of the demand of the buyers looking for barter opportunities from within the trade network. Businesses trade so that they can purchase what they need or want, and pay for it with the additional sales of their own product or service.

BARTER MEANS NEW CASH SALES

The number one source of advertising for small businesses is "word of mouth." If you do a good job for a Barter Exchange client, they'll refer their cash-paying friends, clients, family and associates to you. Growing your business will always be tied directly to referrals from your happy customers. Additionally, barter revenue can be used for radio, television, print, direct mail, online campaigns and other methods of advertising to attract more cash customers and build your corporate awareness.

BARTER IMPROVES CASH FLOW
There are two main ways to increase cash flow - by increasing sales and reducing costs. Barter does both! Barter allows you to pay for what you need with what you have. When you re-roof your building, surface your parking lot, paint your offices or buy office furniture/equipment with Barter Points, you can use your cash to cover other important costs. When you purchase something using Barter Points, it will be paid for with new sales - sales that would likely not have happened without Barter Exchange.

BARTER PROVIDES A COMPETITIVE EDGE
Barter Exchange participants patronize your establishment over the competition because your barter affiliation is an incentive to do business with you. Barter attracts new customers to your business, without affecting the existing cash sales already being generated by your company.

BARTER MEANS WHOLESALE BUYING POWER
With barter, the real cost of the products you purchase on trade is actually the wholesale cost of your Barter Points earned. Making sales with built-in profits makes the cost of your purchases more economical on trade. When you join Barter Exchange, you open the door to a new, cash-free way of handling every day business and personal expenses.

BARTER CAN HELP COLLECT RECEIVABLES
A small business might find it hard to pay you in cash but would be glad to fulfil their obligation in product or services. Barter exchange can offer these goods and services and credit your account for the balance you were owed. Your uncollectable just became revenue that can be spent on a number of your business needs.

BARTER IS A GREAT WAY TO OFFER EMPLOYEES INCENTIVES
Do you offer your employees dental coverage? By using our member Dentists, you can provide a hugely appreciated benefit to employees without having to pay cash for it. Barter is also a great way to offer contest prizes, bonuses, wellness programs and tickets - all accessible to you without using cash and all based on the incremental business the Barter Exchange has brought you.

These are a few reasons for Eurogain to use barter exchange.

At Eurogain, we provide all our Company secretary services in 100% barter points. Are you looking for the assistance of a company secretary?

We welcome fellow BBX members who wish to take advantage of this offer to utilise their BBX credit points.

For more information please contact us:

EUROGAIN Group

Call: 603-9100 1050

Email:  info@eurogain.com.my

Contact: Kevin Kiew, Dennis De Witt or Felicia Lee

Barter exchange services

‘The buyer and seller determine the pricing of the goods and services.’

Barter is a method of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. ‘One person’s trash can be another’s treasure’ is a saying and it is proven by the barter exchange service. Many of us have things we just can’t sell for cash and too often we have to settle for less than its value. For these cases, the barter exchange service is excellent.

Modern trade and barter developed into a sophisticated tool that can sometimes help businesses increase their efficiencies by monetizing their unused capacities and excess inventories. The worldwide organized barter exchange and trade industry has grown to an $8 billion a year industry and is used by thousands of businesses.

One of these barter exchange services is BBX International, founded in 1993 by Touma. It has operations in Australia, India, Costa Rica, Taiwan, Singapore, New Zealand and Malaysia. The barter trading platform functions as a credit and debit card system that allows businesses to access a variety of goods and services in a less competitive market place. The buyer and seller determine the pricing of the goods and services.

BBX allows buyers and sellers to gain exposure to a new and confined market, reduce any inactive capacity in their business (excess stock), improve profitability of the business trough extra sales as well as lower cost purchasing and increase turnover and market share trough incremental sales.

An example is: what if you are the owner of a restaurant and a every meal service you have an average of 10 tables that don’t produce revenue. By advertising you will accept BBX credit payments for dining. New barter business will fill those empty tables with customers you have never done business with, and provide you with TCredit dollars to offset your cash expenses.

What’s the actual cost of accepting TCredit dollars for your meals instead of cash? Let’s say your cost to deliver a meal is RM60. By serving added new customers at the tables that would have gone empty and produces no income, your sales to BBX members generate RM1,000 in TCredit. You use RM1,000 in TCredit income for much needed repairs that you would normally paid for with Cash. The bottom line is that your RM1,000 in repairs had an actual cost of RM600 and you realized an actual RM400 hard cash savings!

Because of these advantages Eurogain makes use of the barter service. We offer our company secretary service trough BBX where our fees may be paid trough 100% barter points. For more information about this or barter services please don’t hesitate to contact us:

 

EUROGAIN Group

Call: 603-9100 1050

Email:  info@eurogain.com.my

Contact: Kevin Kiew, Dennis De Witt or Felicia Lee

The Company Secretary

“A company secretary is there to see to all the legal formalities of your company so you can focus on your businesses.”

Every company in Malaysia is required by the Companies Act 1965 to have at least one qualified Company Secretary. A Company Secretary is a professional whose role in a company is that of an advisor for legal matters and he/she is a very important member of the company's management to handle all official paperwork, statutory documents and procedural matters in the running of the company as required by the Companies Act and all other applicable laws.

Most small & medium enterprises (SMEs) engage the services of an external Company Secretary from a professional secretarial firm so as to enjoy cost savings and at the same time, to maximise the expertise offered by the experienced Company Secretary.

If you want to incorporate a private limited company in Malaysia, the Company Secretary will be the right person to assist you.

Before you begin the incorporation process, you will need to choose a name for your company. Once the name has been approved, the Company Secretary will assist you to draft out the company’s memorandum and articles of association and to prepare the other pre-incorporation documents and forms.

If it is your intention to take over a business, the Company Secretary will play an instrumental role in preparing the necessary for the change of the target company’s ownership and to offer related legal advice on the process.

During the course of your company’s business, the Company Secretary will also be assisting in the preparation and submission of statutory returns of the Company as required by the Companies Act 1965, arranging for the company’s board and general meetings and the preparation of the minutes of meetings. The Company Secretary will assist to prepare resolutions in accordance to the powers given under the provisions of the Memorandum & Articles of Association, give advice on Company Secretarial matters and to perform other related secretarial duties as may be required from time to time.

In short, a Company Secretary is there to see to all the legal formalities of your company so you can focus on your business.

At Eurogain, we have two highly experienced Company Secretaries to advise you and a highly competent and experienced team in our secretarial department to assist in producing all the required corporate documents for the directors and shareholders.

Eurogain is also a member of BBX Malaysia and we offer incorporation and secretarial services where our fees may be 100% paid using BBX credit points. BBX offers a cashless trading system that allows local small businesses to trade goods and services worldwide. Therefore, we also welcome fellow BBX members who wish to take advantage of this offer to utilise their BBX credit points.

Are you looking for the assistance of a company secretary? Please don’t hesitate to contact us:

EUROGAIN Group

Call: 603-9100 1050

Email:  info@eurogain.com.my

Contact: Kevin Kiew, Dennis De Witt or Felicia Lee