Tuesday, 30 June 2015
Top Barter Card - India's first online product exchange bank
Top Bartercard is a barter
exchange founded in Bangalore in 2012. Top Bartercard enables member businesses
to exchange goods and services with other member businesses without using cash
or cash equivalents, or having to engage in the direct two-way swap of goods
and/or services at http://www.topbartercard.com
1).What is Top bartercard ?
Top bartercard is a medium in which goods or services are
directly exchanged for other goods and/or services without a common unit of
exchange (without the use of money).A trade or Top bartercard exchange is a
commercial organization that provides a trading platform and bookkeeping system
for its members or clients. The member
companies buy and sell products and services to each other using an internal
currency known as Top bartercard or
trade Rupees. Modern Top bartercard and trade has evolved considerably to
become an effective method of increasing sales, conserving cash, moving
inventory, and making use of excess production capacity for businesses around
the world. Businesses in a Top bartercard earn trade credits (instead of cash)
that are deposited into their account.
They then have the ability to purchase goods and services from other members
utilizing their trade credits – they are not obligated to purchase from who
they sold to, and vice versa. The exchange plays an important role because they
provide the record-keeping, brokering expertise and monthly statements to each
member. Commercial exchanges make money by charging a commission on each
transaction either all on the buy side, all
on the sell side, or a combination of both.
It is estimated that over 350,000
businesses in the United States are involved in Top bartercard exchange
activities. There are approximately 400 commercial and corporate Top bartercard
companies serving all parts of the world and the % volume is as high as 40%. In
India still the percentage of Top bartercard business is around 15 to 20%.
Exchange systems provide new sales and
higher volumes of business, conserving cash for essential expenditures,
exchange of unproductive assets for valuable products or services, reduction of
unit costs, and opening new outlets for excess inventory and unused capacity.
Reciprocal trade finance enables a firm to buy using its incremental cost of
production. So long as incremental revenue exceeds incremental cost, it is
worth it for a firm to trade using a Top bartercard exchange.
2).Benefits of Top bartercard
INCREASE SALES
Top bartercard promotes your business to
thousands of businesses in the Top bartercard network who are all potential
customers, and helps you add on extra business over and above your existing
customers. Businesses use Top bartercard to purchase different products or
services that they need or want with our interest free trade credit and pay for
their purchases with their goods or services.
PRESERVES CASH
Saving Cash is the primary principle of Top
bartercard. Top bartercard permits you, as a business person, to pay for what
you need with your own goods or services, This helps you to conserve cash and
working capital for other priorities. Purchasing with your Top bartercard Trade
Credits means that payment is made with sales done to new customers from the
network.
Top bartercarding helps reducing cash
flow, overhead cost and operational costs. Several services offered through Top
bartercard like Housekeeping, travel, advertising, accounting services etc
relate to your overhead costs. Getting these services through Top bartercard
helps you save cash. Businesses always need cash and Top bartercard always
helps in preserving your cash.
INCREASE PROFITS
Businesses in the Network make additional
Sales within the network this means over and above your regular sales.This
helps you in adding on new customers and adding new customer means more sales,
hence more profit. Over and above that, the actual cost of the products or
services you purchase on Top bartercard
are actually the bulk cost of your Top bartercard Trade Credits earned
EASILY ADD NEW CUSTOMERS
Top bartercard members can
cost-effectively expand their reach by marketing their products or services to
the Top bartercard network members. The
large customer base of members provides a large market and a range of trading
options.
INCREASE YOUR PURCHASING POWER
With Top bartercard the actual cost of
the products or services you purchase on Top bartercard is actually the
wholesale price of your Top bartercard Trade Credits earned. Generating sales
with built-in profits makes the cost of your purchases more economical on Top bartercard.
When you join a Top bartercard network, you open the door to a new, cash-less
way of handling your business and expenses.
SURPASS YOUR COMPETITORS
Top bartercard helps you to expand your
customer base,generate additional sales, improve cash liquidity and increase
profits,thus surpass your competitors and gain a winning edge. Top bartercarding
through a Top bartercard trade Network can help a small business to portray the
image of being a big business without the cash-costs incurred by much larger
businesses.
IMPROVE YOUR INVENTORY MANAGEMENT
Top bartercarding allows you to
effectively improve your inventory management by converting excess inventory
into valuable products or services. If you Top bartercard, you avoid having to
liquidate excess inventory through drastic discounting. If your small business
experiences seasonal markets, Top bartercard provides a profitable way to use
the inventory on a regular basis. Top bartercard provides a system to put that
excess to use in profitable ways. Top bartercard accomplishes this objective by
matching your products or services with businesses looking to purchase them on
trade.
HELPS YOU PURCHASE AT A DISCOUNT
In many cases what businesses want is
stronger purchasing power. Members of a Top bartercard network sells their
products or services to earn Top bartercard trade credits. By calculating the
cash cost of obtaining Top bartercard trade credits, you can figure out the
leverage or purchasing power of trade for your business.
3). How it Works
TransactionExample
A Hotel wishes to "Top bartercard" for Rs. 1,00,000 worth of Print Ad by giving Rs. 1,00,000 worth Hotel Rooms. No print Ad Company would require Rs. 1,00,000 in Rooms that too in the same Hotel, however by selecting a Top bartercard India Print Ad Company, the Hotel pays the Print Ad Company with Top bartercard Trade Credit of Rs. 1,00,000. The Print Ad Company’s account is "credited" and the Hotel’s account is "debited", so the Hotel now owes Top bartercard Trade Credit of Rs. 1,00,000 in Hotel Rooms to the Top bartercard India network, NOT the Print Ad Company. Now this is repaid as various Top bartercard India members come to the Hotel (new customers) over the period of time. Hence, the Hotel has paid for its Print Ad requirements with Hotel Rooms, using an interest-free trade credit.
The Print Ad Company can now use the Top bartercard trade credits earned to buy anything through the Top bartercard India network like Courier Services, Furniture, Office Stationery, even a Family Vacation. These are all the Products and Services for which the Print Ad Company would normally have pay cash. By using their Top bartercard trade credits, the Print Ad Company preserves his cash, and benefits from the extra business.
A Hotel wishes to "Top bartercard" for Rs. 1,00,000 worth of Print Ad by giving Rs. 1,00,000 worth Hotel Rooms. No print Ad Company would require Rs. 1,00,000 in Rooms that too in the same Hotel, however by selecting a Top bartercard India Print Ad Company, the Hotel pays the Print Ad Company with Top bartercard Trade Credit of Rs. 1,00,000. The Print Ad Company’s account is "credited" and the Hotel’s account is "debited", so the Hotel now owes Top bartercard Trade Credit of Rs. 1,00,000 in Hotel Rooms to the Top bartercard India network, NOT the Print Ad Company. Now this is repaid as various Top bartercard India members come to the Hotel (new customers) over the period of time. Hence, the Hotel has paid for its Print Ad requirements with Hotel Rooms, using an interest-free trade credit.
The Print Ad Company can now use the Top bartercard trade credits earned to buy anything through the Top bartercard India network like Courier Services, Furniture, Office Stationery, even a Family Vacation. These are all the Products and Services for which the Print Ad Company would normally have pay cash. By using their Top bartercard trade credits, the Print Ad Company preserves his cash, and benefits from the extra business.
4).Benefits
of Top bartercard Membership
Top bartercard India facilitates improved business performance for member businesses via increased sales from having access to Top bartercard India member database. This is in addition to improved cash flow, reduces business expenses, and reduces idle or excess stock or personnel time, and many other opportunities.
Top bartercard India facilitates improved business performance for member businesses via increased sales from having access to Top bartercard India member database. This is in addition to improved cash flow, reduces business expenses, and reduces idle or excess stock or personnel time, and many other opportunities.
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SAVE YOUR MARKETING COST
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Its
very difficult for a business to survive without cash flow.This leads to
compromising with your marketing activities.
Top bartercard India helps you in this crucial situation by using Top bartercard trade credits within the Y Option network and get you the best marketing activities required for your organization.
Trade
opportunities relating to marketing available through
Top bartercard India members include:
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ACQUIRE NEW CUSTOMERS
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Top bartercard India introduces new member businesses to
thousands of member trading customers who may have otherwise never been
exposed to the new member’s products or services.
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AVOID LOANS AND CREDITS
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Top bartercard India members receive an interest-free trade
credits which allows them to make purchases immediately upon joining the
network,( subject to approval by the management)
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ADDITIONAL SALES EXECUTIVE FOR YOU
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Top bartercard India assigns a Trade Consultant to manage
relationships between members and to help them in selling and finding deals
within the Top bartercard India network.
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ADVANTAGE OF THE TOP BARTERCARD TRADE CREDIT
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You are not utilizing your cash or liquidity to buy your
products or services, you are just trading your products or services with the
products or services that you want to buy.
Hence, when you purchase products or services using Top bartercard India, although you pay the market price, you are actually paying for your purchase with your own inventory - which costs you wholesale. |
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