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May 12,  2009

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer...05/12/2009

Five Over-Rated Small Businesses

According to U.S. News & World Report these are the five most over-rated small businesses:

  • Green businesses

  • Contracting

  • Restaurants

  • Franchises

  • Traffic-driven web sites

Twenty-Two Percent of U.S. Homeowners Are “Underwater”

The number of borrowers who owe more on their mortgages than their homes are worth is 20.4 million (21.9%), according to the real estate web site www.Zillow.com.

Ten Popular Categories Within Trade Exchanges

1) Restaurants

2) Advertising

3) Printing

4) Dentists

5) Tires

6) Clothing/Shoe stores

7) Veterinarians

8) Dry cleaners

9) Orthodontists

10)Catering

Outsource, Bid, Barter & Make Money

FreeMyTimeNow.com is an online community where professionals, individuals and businesses can outsource, bid and barter. Just $5 a year for complete access to their web community.

Bartering At Breakfast

A trade exchange in Phoenix, Premier Barter, sponsors a barter breakfast where attendees are charged $30 for the breakfast cum meeting. Business owners can put together one-on-one trades as well as learning more about how a barter company operates and the value derived through indirect barter.

For more information visit http://www.thecreativebroker.com.

All back issues of “From the Desk...” can be accessed by clicking here.

(Please feel free to forward our newsletter to your friends and colleagues. We have a “box” at the end of the newsletter for your convenience. See you next week. . .)


Paul Suplizio Keynote Speaker At IRTA’s

Historical 30th Annual Convention

The International Reciprocal Trade Association announced today that Paul Suplizio will be the keynote speaker at their 30th Annual International Convention at the Dallas Magnolia Hotel. He is one of the founders of IRTA and its first executive director. His keynote address will set the tone for this historic 30th convention beginning 8:45 a.m. on Friday, October 2, 2009.

“Paul is the perfect keynote speaker choice for this special convention. He was among the first individuals who had the vision to create IRTA and he is largely responsible for many of the industry’s accomplishments,” espoused David Wallach, IRTA president. This convention will bring together several Modern Trade and Barter legends and Hall of Fame members who will help mark this historic 30 year milestone.

The International Reciprocal Trade Association, IRTA, is a non-profit organization committed to promoting just and equitable standards of practice and operation within the Modern Trade and Barter and other alternative capital systems industries, by raising the awareness and value of these processes to the entire global community.

For more information see www.irta.com.


Attention Trade Exchange Owners. . .It’s GROW OR GO!

The magic bullet for growth is sales, always has been and always will be...yet the industry’s overall growth is anemic. Why? Maybe it’s because we’re not providing on-going education about our unique way of doing business. Knowledge is always a pre-requisite to taking sustained action.

And for those newcomers, the lifeblood of an exchange, awareness of and understanding about the value of trading is even more important.

If you expect prospects to come aboard and your members to be more active traders, but you are perplexed when the results are less than you desire...there’s a good reason. You must continually educate and motivate every month--month after month after month!

Such action is necessary because, let’s face it, more cash business, not trade, is of paramount importance to your members. You must break through this “cash only” focus and redirect their thinking toward barter. Although most exchanges don’t see the importance of doing so, many industry leaders are taking action and so can you.

As the owner of your own operation, there is an easy and inexpensive solution for moving forward...look into using The Competitive Edge newsletter. It’s a camera-ready, 4-page, professionally written, informational marketing tool...available in PDF format as well as print. So regardless of how you reach your prospects and clients, you will have the necessary vehicle.

Written especially for you, the busy trade exchange owner, I am certain it will be the best investment you ever make.

For more information about The Competitive Edge, and how it can benefit you click here.


IRS Barter Information

Here’s important information regarding IRS barter reporting for trade exchange owners and members of a trade exchange. (Click here.)


* * ANNOUNCEMENT * *

25 Years Of BarterNews Issues Now In Digital Format

Welcome to the largest repository of barter contacts, strategies, and barter techniques in the world. All 64 issues of BarterNews now available in digital format at http://www.barternews-ezine.com.


·         International visitors look for BARTER CONTACTS in our Global Barter Section. If YOUR exchange isn’t listed see the forms on the lower left of the page. (Click here.)

·         Attention trade exchange owners...thousands of visitors every month visit our BARTER CONTACTS section on our web site where we have names & addresses of barter companies in the USA. If YOUR exchange isn’t listed, or the information is incorrect, you can correct the situation by using the forms to the lower left of the USA map. (Click here.) 

Tell A Friend About Our Blog

Our biggest compliments are if you recommend us. Feel free to forward any page to a friend. Thank you for your support!

There are currently 1332 posts and 179 comments contained within 21 categories on our blog. We trust you’ll find them worthwhile, and value your feedback.

Click here www.barternewsblog.com.


Clearing A Passage Through Today’s “Frozen” Economy

By Michael Dotson, CEO/Founder WorkSmart Media Group

We are facing challenges in our economy the likes of which have not been experienced in most of our lifetimes. News stories seem to bounce from bad to worse to hope to despair, leaving relatively rare moments of optimism and huge holes of uncertainty. The primary result of this combined “gloom and doom” assault has rendered many businesses paralyzed with a sense of fear for the present and the future.

Such paralysis has slowed the progress of even the most (formerly) dynamic of companies to a crawl. Economists are left scratching their heads unsure of what to do, and Marketing Departments for many companies appear to be more preoccupied with job preservation than re-establishment of momentum. As professionals, how do we “break away” from this stagnation and take advantage of opportunities to grow our business?

1. Understand the Terrain

Wikipedia defines Trench Warfare as “a form of warfare where both combatants have fortified positions and fighting lines are static”. The key word here is static. By recognizing and accepting that businesses have hunkered down and that the static lines in our economy are likely to remain for the foreseeable future, you can begin to develop a path that will enable your business to move forward.

2. Recognize that Early Progress Could Be Agonizingly Slow

With a robust economy, success could not happen fast enough. In World War I, forward tactical advancement had often been measured in feet or sometime inches – so it is in the economic “trenches” of today. Given our current situation, it may seem that everything is happening in slow motion. Your business plan must take into consideration a reduced pace of progress. Sustainable success can best be achieved through a series of small victories.

3. Lose the Fear!

A good insurance salesperson knows that fear is a strong motivator. It is also understood that fear is an emotion that needs to be brought under control or it will lead to distress and high anxiety. This does not mean that apprehension should be abandoned, but it does mean that your success will be determined by how you deal with not only your fears, but your approach in dealing with the fears of your customers, clients, and competitors. The sense of fear will begin to move from the forefront as you focus your attention on your immediate plan of action.

4. Be Different

There is a common adage that goes something like – performing the same action repeatedly with the expectation of a different outcome is a definition of insanity. What may have worked for us last year, last week, or even yesterday may not work in today’s economic climate. Take deliberate steps to be different in your approach. Breaking from the routine will cause you to begin looking at your business with a fresher perspective.

5. Be a Puzzle Solver

Sudoku and crosswords can be stimulating ways to pass time. Treating your business as a puzzle to be solved can add a new dimension to your efforts. Writing down specific problems to be solved then writing down your solutions can often lead to unexpected and creative results.

6. Every Business Has a Story to Tell

Whether it is your business or your customer’s, there is a story that needs to be told. One of the best ways to get that story out is through the creative use of Public Relations. PR does not have to be an expensive proposition. PR companies are feeling the slowdown like everyone else, and are looking for new clients like never before. Using their professional services on a per event basis could give your business greater exposure with minimal expense. Also, remember that a well crafted and timed Press Release can reward you with huge dividends.

7. Make Technology Work for You

Nearly every business has a data base of e-mail addresses — including yours. These may consist of customers, clients, friends, or others whom you connect with on a regular basis. E-mail Marketing is a proven cost effective way to get your business message in front of your data base. There are many ways to take advantage of this relatively new kind of marketing such as e-mail blasts or even the newest form of E-mail Marketing — e-mailable Video (Video Brochures). To reach a larger audience, many companies offer opted in e-mail lists that can be quite specific for a given type of business or customer. You should avoid bulk e-mail lists, which are often associated with spam (very different than opted in pre-qualified lists). The creative use of e-mail could become the most cost effective method for you to promote your business.

8. Direct Mail Still Works

Even with rising postal costs, direct mail can be a very effective way to get your message out to a broad area. A number of companies offer quality mailing lists with relatively low cost. Keep in mind that when you decide to do a bulk mail, your response will nearly always be a very small percentage of the number of pieces that you mail out. Sometimes they can be a fraction of a percent, but that is often enough to justify the expense.

9. Know Your Competition Better Than They Know You

Staying on top of your competition is now more important than ever. Rest assured that your competitors are experiencing the same economic anxiety as you, and may be dealing with it in ways that you should be aware of. There is much that you can learn by simply observing how your competitors are changing their approach to how they do business.

10. There is No Substitute for Homework!

The Internet is the single greatest research tool ever developed. A certain part of every business day needs to be devoted to conducting research online. By using the resources of the Internet daily, you will be able to stay informed of the many subtleties pertaining to your business. You will be able to learn about new products, technology, and other pertinent information that can help give you a competitive edge. The Internet can also provide a wealth of historical information regarding all aspects of your business (and that of your competitors).

Clearly, there is no single magic way out of our current economic mess. One thing is certain – doing nothing will produce nothing and doing little will produce little! But just like a magician who diligently practices the complexities of a new card trick until perfected, the result of you working smart and paying attention to the little victories can bring a gasp from your “audience” and the resulting question “how did you do that?”

For more information go to www.worksmartmediagroup.com.


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The Growth and Use of Secondary Capital (New Money) Creates Unprecedented Wealth In Today’s New Age Of Possibility

There are many forms of secondary capital—which can be defined as any financial instrument that measures and communicates value in a common language. Would you like to see and learn more about the many forms of secondary capital?

 We have 70 free, informative and inspiring, articles for you in our “Secondary Capital Section.”

Check it out... www.barternews.com/secondary_capital.htm.


Get New Money-Making Ideas And Valuable Contacts!

You can obtain useful, informative ideas and contacts in every available back-issue of BarterNews.


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