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
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
Kudos To Bartercard New
Zealand For Their Accomplishments
Paul Bolte was hired as the CEO of Bartercard New Zealand three
years ago with the goal of getting the firm back on a fast-growth
track. The progress Bartercard has attained under his direction is
remarkable; Bolte has positioned the company as a good corporate
Bartercard New Zealand is posting impressive numbers (sales) in a
country that has a 4 million population. Last year the company�s
6,800 members transacted over $210,000,000 in trade dollar activity.
It is an entrepreneurial organization achieving growth even within
the current challenging economic conditions.
Bolte visited with New Zealand�s prime minister the Honorable John
Key earlier this month as part of Team Bartercard, which is a group
of 16-to-19-year-old students. They are mentored by Bolte and formed
for the International Young Enterprise Competition 2009, which took
place in June.
80 students in the competition worked in teams to create ideas,
prototypes, business plans and presentations, focusing on global
trade and innovative solutions to an issue or need. The teams had
two challenges to complete that culminated in presentations to two
different panels of judges. The judges looked for a winning
combination of teamwork skills, an innovative approach, and an
outstanding standard of product or service, prototype, business
plans and presentations.
winning team was Team Bartercard, which represented New Zealand
later that evening in the Global Enterprise Challenge. The Honorable
John Key extended a personal invitation to the group of
entrepreneurial students to join him for morning tea in his office
followed by a tour of Parliament.
is important as leaders of successful companies that we take the
time to mentor students in programs such as this, since they are our
future business leaders,� says Bolte. �The opportunity extended Team
Bartercard by the Prime Minister was a huge honor and I was
privileged to be a part of the group.�
more information on Bartercard NZ e-mail
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
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
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ITEX Increases Bank
Line-Of-Credit To $2,500,000
ITEX Corporation (OTCBB:ITEX) has announced that it has entered into
an agreement with U.S. Bank, its primary banking institution, to
increase the maximum loan amount under its revolving credit line
from $1.5 million to $2.5 million. The interest rate is one-month
LIBOR+ 2%, equating to a current interest rate of 2.24%.
Steven White, Chairman and CEO, noted, �There is currently no
outstanding balance under this line-of-credit and we have no
immediate plans for use. However, we felt it prudent to increase our
access to additional capital in order to position us to take
advantage of potential opportunities. U.S. Bank has been a great
partner over the years and we appreciate the support it has provided
to help us expand our business.�
Timothy J. Flynn, Vice President of Commercial Banking for U.S.
Bank, commented, �We are pleased with ITEX�s consistent financial
performance and overall success during the last six years. During
this period ITEX has done an exceptional job strengthening its
balance sheet, increasing positive cash flow, eliminating debt
associated with its acquisitions, and demonstrating sound fiscal
management. These factors, along with our positive and open
communications with ITEX�s management, were instrumental in
approving the increase in the line-of-credit limit.�
more information on ITEX