April 27, 2004
by Bob Meyer, Editor of BarterNews
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will never be sold, traded, or given to another party.
Fete's Top Traders In Chicago
largest independent trade exchange, Illinois Trade Association,
hosted a lavish Awards Luncheon for its top traders. An impressive
group of some 300 entrepreneurs-business owners from the Chicago
area-came together at the Bristol Court Banquet.
It was a fitting
tribute to valued members by Jack Schacht, one of the commercial
barter industry's most successful entrepreneurs, and his partner
Joan Varner. From their part-time efforts, on a kitchen table in
1983, they've built ITA into a 6,000 member trading powerhouse!
were provided to the luncheon attendees, with every esteemed company
named. At the top of the program were the eight companies that traded
(sales only) more than a million dollars last year, followed by
the thirty-three companies trading at more than $500,000 each. The
remaining 390 companies listed traded a minimum of $100,000, with
an average of $255,000 per company. Each company was presented with
a beautiful 16-inch, pyramid-shaped etched glass award.
was Bob Meyer, publisher of BarterNews magazine. He crafted his
message for the powerful traders by talking about ten world famous
business moguls who have used barter in a variety of ways to build
their wealth. Meyer's succinct message was: The biggest, the best,
and the brightest among us barter.
It was an exciting
networking event for these exceptional traders, and promises additional
growth for the forward thinking ITA. Businesses in the greater Chicago
area can obtain more information on ITA by calling (847) 588-1818,
or checking their web site at www.illinoistrade.com.
Note: One of the ten examples of world famous business moguls talked
about at the ITA Awards Luncheon was Donald Trump, and the trade
he consummated with General Electric's pension fund when they acquired
the former New York City headquarters of Gulf & western, eight
years ago. After a fabulous redo the building was renamed the Trump
International Hotel and Tower. (Interestingly, the furnishings are
now being replaced, having been deemed too weathered for the superglossy
Trump image. Scott Zawitz, owner of Fort Pitt Furniture in Chicago
now has the eight-year-old accessories.)
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Monetary Systems' CEO, Don Mardak, Outlines Plans
International Monetary Systems (OTCBB:INLM) stock split went into
effect April 20. The company's plans to consolidate the barter industry
can be heard on www.ceocast.com,
a popular web site for investors and investment professionals.
In the CEOcast
interview with host Michael Wachs, Mardak discusses the company's
past acquisitions and future plans for growth.
Build Rapport & Empathy With Your Client Base!!
The most powerful
marketing tool in the barter industry, The Competitive Edge
newsletter, is all ready for your use...no work is needed! Click
Announces First Annual College Scholarship Program
One of the
oldest, most established trade exchanges in the country, TradeAmericanCard,
will provide five students with a $1,000 trade dollar award. A letter
of recommendation from a teacher, counselor, employer, or community
leader will be part of the eligibility requirements.
form, listing special achievements as well as community involvement
and employment or volunteer experience, will be part of the judging
process in addition to a 500-word essay titled, "How barter
has influenced my life, both business and personal."
barter company in the world is listed on our web site,
click through to our Global
List of Barter Companies.
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
- Real estate
auctions are on the rise: Sales exceeded $60 billion in 2002,
up from $10 billion in 1980. There are 6,500 auctioneers selling
real estate in the U.S., 100 of whom handle the majority of the
sales. Most of the top ones are a Certified Auctioneers Institute
graduate or an Accredited Auctioneer of Real Estate. (The web
site www.auctioneers.org has a directory.)
- Is Iraq on
its way to laying down entrepreneurial roots? The National Foundation
for Teaching Entrepreneurship, a U.S. organization that both trains
inner-city kids to open their own companies and runs educational
programs in countries making the switch to market-based economies,
is working in Iraq. Twenty Iraqi teachers have been trained, and
in turn are putting thousands of Iraqis through 70-hour training
Roundtable, an organization of U.S. business chiefs, has donated
more than $2 million (from Pfizer, FedEx, Microsoft, et. al.)
to help University of Baghdad's College of Administration and
Economics. The school has been supplied with books, computers,
and other needs...all with the goal of igniting a spark to small
and medium-size businesses which will provide real growth in
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In a previous
issue we reported on the phenomenal success of the gift card
bearing the Starbucks name. In the company's recent second-quarter
profit report, the chain says it was the popularity of its gift
card that has pushed profits, along with new store sales, to
a 53% surge. The Starbucks Card redemptions accounted for net
revenue of $138 million, up from $90 million a year earlier.
the 50 and older bracket represent 79 million Americans, according
to the Census Bureau. That number is expected to grow to 106
million by 2015, at which point it will account for 45% of the
is now in the discount jewelry business. The firm will be selling
merchandise from its own stock, and shipping from its own warehouses.
This is a different business model than they've followed in
the past when entering new areas (such as apparel, sporting
goods and gourmet-food), wherein the retailers, not Amazon,
handled the fulfillment.
for global vehicle sales could exceed 60 million in 2004. If
so, it would be the first time ever to hit that number!
DirectMarketingNews editorial laments the recent controversy
and emphasis placed on the outsourcing of a few thousand telemarketing
and other jobs to India.
our politicians come up with something better to bicker about
than a bunch of low-paying jobs that no one here wants as a
long-term career anyway? Outsourcing has become such a touchy
subject that the American Teleservices Association won't take
a position on it, although the Direct Marketing Association
has lobbied against state legislation restricting companies
that want to take jobs offshore."
of Americans—160 million people—are now toting wireless
phones, nine times as many as a decade ago.