Monday, February 05, 2007
Barter Business Booming
Research compiled by the North American Barter Association (NABA) shows that a record amount of almost $36 billion was generated through commercial barter in North America last year.
Last month at a gathering of NABA members in Chicago, Research Director Shirley McBride reported these key observations about the growth of the commercial barter industry:
* One in every 6 businesses conducted at least one barter transaction for the first time in 2006.
* Almost 75% of all Fortune 500 companies used barter, an increase of 14% over 2005.
* The number of new corporations implementing barter transactions in excess of $100,000 stood at 1,845.
* Almost 40% of all small business owners – those with less than 25 employees -- experimented with barter and had positive results.
* The average dollar amount of a commercial barter transaction in 2006 increased to $1,927.
* Merchants using barter saved an average of $327,000 and realized an average cash flow of increase of 18%.
If you’re a business owner, professional service provider, or an individual who simply wants to dispose of items or belongings, you need to check out Joe Barter today.
Joe Barter is an online business where registered members can buy, sell or trade products and services at no charge on Joe’s Trading Post.
College student members can trade texts at Textbook Traders, located in the Joe University section, also at no charge.
All members can access other free networking resources as well.
Registration at www.joebarter.com is free to anyone.
Last month at a gathering of NABA members in Chicago, Research Director Shirley McBride reported these key observations about the growth of the commercial barter industry:
* One in every 6 businesses conducted at least one barter transaction for the first time in 2006.
* Almost 75% of all Fortune 500 companies used barter, an increase of 14% over 2005.
* The number of new corporations implementing barter transactions in excess of $100,000 stood at 1,845.
* Almost 40% of all small business owners – those with less than 25 employees -- experimented with barter and had positive results.
* The average dollar amount of a commercial barter transaction in 2006 increased to $1,927.
* Merchants using barter saved an average of $327,000 and realized an average cash flow of increase of 18%.
If you’re a business owner, professional service provider, or an individual who simply wants to dispose of items or belongings, you need to check out Joe Barter today.
Joe Barter is an online business where registered members can buy, sell or trade products and services at no charge on Joe’s Trading Post.
College student members can trade texts at Textbook Traders, located in the Joe University section, also at no charge.
All members can access other free networking resources as well.
Registration at www.joebarter.com is free to anyone.
