January 8, 2013
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
Bank Card Delinquencies Fall To 28-Year Low
Another sign the economy is slowly recovering is a report by
the American Bankers Association. They report that delayed
repayments of bank-card loans dipped to the lowest level
since the 3rd quarter of 1994 — falling to 2.75%
of all accounts.
Here & There In The Barter Marketplace …
Word of Mouth
Marketing has added a barter exchange feature (www.GoBuzz.me)
to its platform.
A 30-year barter
veteran, and a member of several trade exchanges, told
BarterNews that BizXchange’s (www.bizx.com)
recent Christmas Holiday Fair in Seattle was the best of
the five in which he has exhibited. He cited the overall
atmosphere and attendance at this past holiday fair, as
well as the event’s organization and superior offerings,
as the reasons for his top rating.
Jack Zufelt, a
national motivational speaker who has appeared at
various barter conventions over the years, is appearing
in a film titled, Openings — The Search For Harry.
And You Thought Real Estate Prices Were High
Where You Live?
In Hong Kong, ownership of a parking lot space might go for
as much as $385,000! Parking has long been a prized
commodity in land-scarce Hong Kong, as tenants outnumber
parking slots in residential buildings 20-to-1. Pushing the
prices even further for parking spaces resulted when the
government placed a 15% tax on real estate being sold to
nonpermanent residents (namely wealthy buyers from mainland
In comparison, a 600 square-foot apartment (purchased
outright) is about $577,000. And if residential properties
in Hong Kong are sold within six months of acquisition,
another 20% tax is charged. Therefore, investors channel
their money into parking spaces, where certain (taxing)
rules didn’t apply.
(Editor’s note: A taxi license in Hong Kong will cost
up to $900,000!)
New U.S. Listing Information …
Utah Trading Company
3601 N. University Ave, #210
Provo, UT 84604
Ph: (801) 802-0322
Fax: (801) 607-5504
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See you next week. . .)
Currency Sets All-Time Trading Record
The Universal Currency
Clearinghouse (UC) set multiple, all-time records in 2012. For the
first time in its 15-year history, UC surpassed the monthly
million-dollar trading mark in December 2012, by posting $1,024,350
in trading activity.
Reciprocal Trade Association’s UC also set an all-time trading
volume record of 6,525,976 for 2012, besting the prior annual record
of 6,035,202 in 2011.
According to Scott
Whitmer, UC Committee Chairman and two-time past president of IRTA,
UC’s tremendous growth is the work of two dedicated people — UC
International Broker Patty Weston and UC Administrator Ron Whitney.
With over 100 participating barter exchanges now involved, the UC
trading future looks exceedingly bright.
Our Changing World —
Movement Toward A Shared Economy
The news that Avis
Budget Group will buy Zipcar for $491 million has evoked strong
reactions in the marketplace. (Zipcar offers hourly rental of autos
in several U.S. metropolitan areas.)
Yet despite the cheers
and howls, nobody knows what will become of the marriage. But the
early-January deal reinforces Steve Case’s belief that we’re moving
toward a sharing economy. The AOL co-founder, through his Revolution
LLC fund, is Zipcar’s largest investor. Revolution stands to make
about $96 million from the sale, according to Bloomberg News.
Case bought into Zipcar
back in 2005, because he saw “a generation shift from ownership to
sharing experiences.” The key, as Zipcar showed, is to make it
easier to share by giving people 24/7 access to vehicles parked in
convenient locations at a reasonable price. (Even the gas is
What’s driving the boom
isn’t just that it is easier to share vehicles, but that it is often
a hassle to own one.
Case has also invested
in widely-ranging ventures such as Exclusive Resorts, a high-end
vacation club that gives members access to luxury homes worldwide,
and LivingSocial, which encourages collaborative consumption with
incentives for friends who buy together. Case is not alone in his
thinking. Witness the growth of
which lets users rent their homes, and
ParkingPanda.com, a new site that lets people rent out their
precious parking spots when not in use.
That said, many
investors are skeptical about the trend in sharing everything from
cars to homes. Some dismiss it as a fad that young hipsters will
ditch once their incomes rise. Insurers have certainly balked at the
idea of covering whatever damage is done by strangers using a
policy-holder’s stuff. Landlords and municipalities can ban people
from sharing for money, or at least demand part of the income. But
such complications also give an edge to businesses that have the
resources, infrastructure, and scale to compete.
As Zipcar’s new owner,
Avis Group brings more than capital to the table. It also brings the
welcome asset of more cars. Zipcar has about 10,000 cars located
throughout ten cities at the moment, which is also the number of
locations Budget and Avis boast worldwide. Therefore Zipcar’s
expansion looks to be dramatic. Moreover, since Avis relies heavily
on corporate clients whose demand for vehicles is lower on weekends,
it makes expansion with Zipcar a natural.
If Avis can share both
its fleet and expertise in managing it with Zipcar, and Zipcar can
give its new parent more access to a hip/urban clientele, that could
take the sharing economy to a whole new level.
Is Your Trade Exchange Missing Out On
Valuable New Business?
your barter company’s listing on BarterNews.com isn’t current, you
are definitely missing out on new business. The web site
BarterNews.com receives heavy traffic — with over 150,000 page-views
every month. Entrepreneurs and corporate executives check the
thousands of articles, the weekly “Tuesday
Report,” and the “Contacts
Section” of our site. They use the latter to find barter
companies with which to do business.
your barter company’s listing up-to-date?
keep your listing current is very easy. See the links below to (A)
update any changes to your company’s listing, such as new location,
phone number, web site or other information, and (B) if your company
has not been listed.
Here’s how to get on board:
make changes to your listing
Riggs Reports Record
Trading Year For IRTA
On January 4, Annette
Riggs, the President of the International Reciprocal Trade
Association (IRTA), sent out an extensive e-mail to the IRTA
membership outlining the organization’s many accomplishments — such
as the UC trading records established (see above IRTA article).
Presumably a press-release will follow, to alert and educate the
business marketplace at large about the on-going development of the
commercial barter industry.
Foreign Real Estate
Investors Prefer USA
A recent survey reflects
a sharply more optimistic view of the U.S. economy and property than
last year. Additionally, the U.S. dominates the global list of
places that commercial real estate investors would prefer to put
their money this year. (China has lost some luster and Turkey has
added sparkle, according to the survey from the Association of
Foreign Investors in Real Estate.)
The global cities to
invest in are as follows:
#1 - New York
#2 - London
#3 - San Francisco
#4 - Washington, D.C. (was #3 in last year’s survey)
#5 - Houston (unranked last year)
#1 - Brazil (same rank
as last year)
#2 - China (same as last year)
#3 - Turkey (up from #7 last year)
#4 - India: tied with Mexico (dropped from #3)
#5 - Mexico: tied with India (up from #5 last year)
Money-Making Reports Available From BarterNews
Nothing Hurts Business
More Than Reliance On False Assumptions
We all have false
assumptions. Even if we don’t realize it, they exist. For instance
consider these typical assumptions:
“Advertising doesn’t work, it’s a waste of money”
our sales staff would just make one more call a day, everything
would be great.”
“Nobody asks for the order anymore ... that’s the problem.”
only thing our customers care about is a low price. Nothing else
“Everybody knows us.”
are the best!”
“We’re the oldest.”
current downturn in our business is only temporary. We’ll come
out just fine.”
Without even realizing
it, businesses base their plans and programs on assumptions such as
these. But embracing such ideas can unfortunately keep companies
from expanding their vision, attracting creative employees, and
succeeding in their quest to gain new customers.
Often, rather than
testing an accepted premise or adopting a new strategy, owners will
ignore the all-too-obvious fact that their course is heading
straight for trouble. Yet only by challenging all assumptions, can a
company literally breathe new life into its operations.
The issue is not just
staying in business. What’s really at stake is finding ways to open
new markets, and becoming the company of choice in your field. The
job is not an easy one, because it often demands dramatic changes in
the way we approach doing business.
In the final analysis,
the determining factor for success is a state of mind that freely
welcomes new possibilities.
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant’s sales & profits.
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
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