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The Tuesday Barter Report

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The Tuesday Report

April 26, 2016

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 04/26/2016

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...)




The Monday Motivator!

24th edition of The Monday Motivator. Topic is about Self Esteem. Click here to open pdf document.


IRTA Releases Cash Conversion & Lending Clauses Advisory Memo

As IRTA pointed-out in its February 25, 2016, Advisory Memo on Cryptocurrency and Money Transmitters, the financial/banking system is incorrectly categorizing barter exchanges as "money transmitters" similar to Bitcoin-like cryptocurrencies. This misplaced characterization has resulted in banks and merchant service providers denying cash credit-line facilities and credit card processing services to all sectors of the barter industry.

Additionally, some exchanges are unclear as to the actual role their exchange plays in the trade dollar lending process that typically takes place within a barter exchange system.  

IRTA's newly released Advisory Memo titled "Membership Agreement — Cash Conversion & Lending Clauses" provides helpful membership agreement clause language that can prevent banks and merchant services providers from cutting-off their services to barter organizations.  

This Advisory Memo also reviews the background of trade dollar lending in barter exchanges and suggests clarifying language so as to clearly articulate creditor/debtor relationship is collectively between the members themselves.  
 
Click on the links below to read IRTA's "Membership Agreement — Cash Conversion & Lending Clauses" Advisory Memo.

Digital Version

PDF Version

IRTA would like to thank the following individuals for their substantive contributions to the creation of the Membership Agreement Memo:
 
IRTA's Money Transmitter Regulations Committee: Annette Riggs, Scott Whitmer, John Strabley, Chong Kee Tan, Steven White and Ron Whitney.

Legal Counsel: 
Carl Steinbrenner, Esq., IRTA Legal Counsel
Martin Sklapsky, Esq., General Counsel, IMS
Stephen Tollefsen, Esq., Tollefsen Business Law PC                      

If you have any questions or comments, please contact IRTA's Executive Director, Ron Whitney at ron@irta.com or 757-393-2292.



Growth Is Not A Mistake …
It Takes Focus & Understanding

The founder and CEO of Gazelles, Verne Harnish, says companies hit a wall when they reach a certain size and unless they take the right steps they're doomed to remain small. The biggest challenge for companies with revenues of $1 million to $10 million is often the role of the founder … for three reasons.
 
1)  As the business becomes more complex the entrepreneur simply doesn't have the time to devote to the task he or she has always done best. Subsequently, that task is likely to become a weak link in the organization. A critical decision must then be made to bring in a person to replace you in what has always been your forté. (Often it's sales and marketing.)
 
2)  As products and customers are added, the original accounting system likely won't be robust enough to track all the costs. In short, growth geometrically increases the complexity; without enough detail you may not know where you’re really making the money.
 
3) Once you're above $10 million the gross margins fall apart, because now your company is on the radar screen. Competitors have taken notice. Meanwhile the size of your orders increases, and customers start demanding a discount.

In order to combat this, you have to become laser-focused on your value proposition and know why you're different than your competitors, so you can hold onto your price. One way to differentiate from your competition is to use barter as a part of your selling effort. Barter is a value proposition your buyers will understand and embrace.



BarterNews.com — World's Largest Depository Of Barter Information

Hundreds of valuable articles, techniques, and strategies are found in the following various barter categories:


(The Barter Categories are found on the horizontal bar at the top - 3rd button from right.)

Keep Crooks Away While You’re Away

We all know that officials suggest letting someone, like a trusted neighbor or relative, know that the home will be empty and asking them to check in every once in a while. But with the advent of social media — Twitter, Facebook, YouTube — how we operate in certain situations needs to be reconsidered.
 
The following are modernized ideas for keeping your home safe:
 
♦  Do not update social media with vacation plans.
 
♦ Wait to post pictures until you return.
 
♦ Talk to family about postponing social media updates.
 
♦ Check security settings of your social media.
 
♦ Ask a trusted neighbor to clear away mail and newspapers.
 
♦ Place indoor and outdoor lights on a timer that resembles your regular use.
 
♦ Leave talk radio on to give the appearance that someone is at home.
 
♦ Take your garage door opener out of your car.
 
♦  Lock garage door from inside, and unplug the door opener.
 
♦  Keep up with front lawn maintenance.
 
♦  Check to see if your local law enforcement agency offers vacation checks.


Money-Making Reports Available From BarterNews



Is Your Trade Exchange Missing Out On Valuable New Business?

If 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.

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.



* * ANNOUNCEMENT * *

We have packages of back issues still in print, approximately 30 issues in all.
To order: Click here



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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.


Every barter company in the world is listed on our web site, click through to our Global List of Barter Companies.


We welcome your comments, questions, and observations.

Copyright BarterNews 2016. Redistribution of BarterNews content expressly prohibited without the prior written permission of BarterNews.
 
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