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