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September 13, 2011

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 09/13/2011

ITEX Cash Dividend Provides 4% Cash Yield

The ITEX Board of Director�s approved a quarterly cash dividend of 4-cents per share, payable on September 20, 2011, to stockholders of record at the close of business on September 9, 2011. The yield is 4% based on a $4-stock price. This is the company�s 6th consecutive quarterly dividend, which has returned $790,000 to stockholders since June 2010.

What�s Your Target?

Looking for more motivation? Try focusing more specifically on your goals and targets. Targets create a sense of purpose and add meaning to even the most repetitive tasks. Without a goal to shoot for, work is just work.

TradePal Introduced

TradePal, a people-centric marketplace that helps users list, discover, share and trade unique items with trusted peers, has been announced.

For more information on this social P2P marketplace click here.

Observe, Listen to Others

More success in social interaction and sales comes about by closely observing people. Whatever they talk about the most is what�s important to them, so listen closely. Frame what the other person is by identifying their fears, successes and choices. Some people may surprise you, but that means they�ve just given you more information to incorporate into your understanding of future encounters with them.

Think About This Suggestion

Life isn�t about waiting for the storm to pass. It�s about learning to dance in the rain.

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. . .)

Superstar Quarterback Tom Brady Knows Bartering For Equity�s Value

Last year�s first unanimous most valuable player of the NFL (National Football League) is not only a great athlete earning millions for his football abilities, he�s also a superstar when it comes to off-the-field endorsements.

The 34-year-old two-time MVP, who is married to superstar-model Gisele Bundchen, has been very discerning when it comes to becoming an endorser of products. He views his relationships with such companies as partners, and he�s aligned with only two companies: Under Armour and UGG Australia, a division of Deckers Outdoor Corporation.

On �Monday Night Football�s� first game, in which Brady�s New England Patriots beat the Miami Dolphins, Brady appeared in a UGG TV commercial, showcasing the masculine, rugged footwear.

An honors graduate of the University of Michigan, Brady requires face time with company executives as part of any endorsement partnership. It�s where he asks astute questions, in addition to equity, believing that in the end, business isn�t that different from football.

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ECCO�s Symposium Focuses On Offset, Customs & Trade

ECCO is an European association for companies, individuals, and institutions involved in offset and countertrade. The association organizes symposiums where members and guests can unravel matters related to international law, customs, trade, and government procurement. Offset research and training are also aims of the European Club for Countertrade and Offset.

The most recent ECCO symposium was hosted in Paris (France) on the 6th and 7th of September. The first day�s program focused on offset in the United Arab Emirates (UAE), with the theme of the second day investigating �Legal and Economic Impacts of Direct Offset.� Speakers and experts hailed from various disciplines, with the 100 delegates representing 15 countries.

An analysis of the demographics and national laws of the UAE shed some light on the major changes that were witnessed in the country over the past years. Information on industries and the goal of the government�s long-term plan to diversify the economy were topics that led to interactive debate.

An overview of the European Union�s (EU) bilateral negotiations showed that it has successfully concluded a number of important trade agreements with trading partners, and is in the process of negotiating agreements with many more. In addition to the World Trade Organization�s (WTO) multilateral negotiations, the EU concludes bilateral agreements and devises specific trading policies with third-world countries and regional areas.

The trade section of the European Commission (EC) shared information on preferential and non-preferential rules of origin, sharing base principles and recent developments in this field. A representative of the French Custom General Directorate further elaborated on the subject.

The World Customs Organization presented its aims to harmonize the rules of origin, explaining the economic impacts of the rules on international trade and investment. A speaker from the WTO offered an interesting perspective on �Made In The World� and explained why the world is moving from trade in goods to trade in tasks.

The theme of the following ECCO symposium is �Offset Within The EU: Enforcement Of The 2009/81/EC Directive.� This event will be hosted on December 14 and 15 (2011) in Brussels. Speakers will discuss their experiences in applying or implementing the new Directive, while countries outside the EU will demonstrate how offset benefits their industries. �Best Practices In Offset� is also on the agenda.

To become a member of ECCO or for more information visit

Is Your Trade Exchange Missing Out On Valuable New Business?

If your barter company�s listing on isn�t current, you are definitely missing out on new business. The web site 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.

Is your barter company�s listing up-to-date?

To 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:

To make changes to your listing click here.

For new listings click here.

The Digital Native: 5 Things You Need To Know About This Generation To Succeed In Business 

By Michelle Manafy

Between all generations lie gaps. Yet in the course of some generations, major events occur that cause tectonic shifts. The fact is that many individuals and businesses today face a massive and growing generation gap. As this digital native generation, which has grown up immersed in digital technologies such as the mobile phones, gaming, and social networks becomes our dominant employee and consumer base, those in older generations must learn to navigate a radically altered landscape in order to succeed in business going forward.

Here are five key insights into the digital native generation that will help you understand how best to leverage their distinct worldview to achieve your business objectives.

1. They live publicly online

Without a doubt, the notion of privacy didn't change overnight with the advent of the Internet. For better or worse (or for lack of a better word), we've seen an evolution of privacy. It was once the norm to keep one�s dirty laundry tucked away out of site. This gave way to a generation that would share from the relative privacy of a therapist�s couch. More recently, we have witnessed the era of trash-mouth talk shows and reality television. However, with the digital native, businesses must address the expectations of a generation raised in social networking environments, in which they routinely share every detail of their activities and opinions with a potentially limitless group of friends.

Tip: Often, businesses are hamstrung by outdated notions of privacy. They fail to recognize and capitalize on the digital native�s openness. We need to understand the native�s natural inclination to live publicly to guide these activities so that they are consistent with our business objectives. We can also build business models that leverage on this openness, both in the way we structure our employee activities as well as customer interactions. 

2. They share knowledge

Once we recognize that the natives are living their lives out-loud, we can begin to understand how this behavior is shapes all aspects of their lives. Despite a good deal of hyperbole about social media and marketing via Twitter and social networks, as many as 50% to 75% of organizations limit or ban the use of social networks while on the job. What this demonstrates is not simply a fear of exposure through inappropriate use of social technologies, it shows a distinct lack of understanding of how to effectively manage and channel the knowledge sharing inclination of this generation.

Tip: Beyond crafting guidelines to regulate the appropriate use of social networks on the job, proactive use of socially mediated, open, collaborative ways of working can help companies capture otherwise transient knowledge assets. The old adage was that knowledge is power; for the digital native knowledge shared is power.

3. They believe transparency yields trust

Because digital natives live publicly and value knowledge sharing, organizations that demonstrate a similar level of openness will be the ones that attract and retain them as employees and customers. Digital natives make new friends, followers, and fans every day. However it is important to keep in mind that it takes a lot of work to maintain the kind of genuine relationship required with the digital native. If digital natives dislike your brand, they will make it publicly known. Luckily, the reverse is also true.

Today�s ultra-connected consumer, raised to share and monitor sentiment, may seem like a fickle friend, but that�s only if organizations don�t stay involved by listening, responding, owning up and doing the work it takes to maintain a genuine long-term relationship.

Tip: Now when it comes to attracting and retaining this generation as employees, it is essential to recognize that today�s best employees are also monitoring opportunities and discussing employers online. For recruiting, this can provide insights into whom the best, brightest, and most social media savvy are. And for employee retention, employers can leverage these same tools and tendencies to make sure that they are competitive in the market, responding to concerns in order to attract and retain the best and brightest.

4. They are timely, not time-managed

While most people are painfully aware that the line between �at work� and �off duty� is increasingly blurred, for the native this will be taken to a whole new level. The digital native will move beyond what previous generations called a worklife balance to a new sort of worklife integration.

For the digital native, work and social activities are ever-present, they travel with the native anywhere and anytime. Digital natives may log more hours at their computers during the course of a day than those in previous generations, but switch back-and-forth between work and leisure in short bursts. Though this may strike some managers as inappropriate, it helps to realize that while an older worker might head to the break room or a co-worker�s desk to clear their head, natives are more likely to �info-snack� or catch up on a quick burst of Facebook updates.

Tip: Moving forward, companies that emphasize collaboration, learning and socialization will see key benefits in comparison to companies that focus solely on productivity. The native doesn�t need to play all day to be happy. However, there�s no reason that work inside an organization can�t be constructively influenced by the expectations of our younger workforce.

5. They believe in interactions, not transactions

Social networking, social media � with all this socializing, one might begin to wonder how any business ever gets done. Suffice it to say, it does and it will continue to do so. However, organizations that develop good social skills will have a competitive advantage over those that remain socially inept. One quality of this business that will be essential for business success going forward is recognizing that this generation is not interested in traditional transactive business models � which are based upon exchanges of money for goods and services. This is a generation that is interested in interactions.

Tip: Unlike a transaction-based system, an interactive one is based upon social currency. The fact is that all aspects of business will need to embrace interaction, from marketing and CRM to product and content creation. This generation doesn�t just want to do business with companies it views as friends; it wants to do business with itself and expects to see its ideals and objectives reflected in the companies it chooses to do business with.

While there are many digital immigrants who are whole-heartedly adopting digital tools, it is not simply emerging technologies that must be mastered. A lifelong immersion has affected the mindset, behavior, and expectations of the digital native generation. To succeed in business with them, we must understand it and build models based on this new native culture.

Michelle Manafy is director of content for FreePint, Ltd. An award-winning writer and editor, her focus is on emerging trends in digital content and how they shape successful business practices. A speaker and dedicated mentor, she is the co-author of Dancing With Digital Natives: Staying in Step With the Generation That�s Transforming the Way Business Is Done. For more information go to


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