Q: How can members buy if they haven't made any sales?
A: You give new members a credit line, much like a credit card
company provides cardholders with a credit line. Typically from $500
to $1500, $2500 for long established businesses, and on a case...
Most exchanges charge monthly fees rather than annual fees. The
reason for it being better cash flow, but even more important
attrition. When it comes to a member having to pay their annual
fee, which is about 10 times more than the monthly fee, the...
A good practice for a new account set-up fee, if you will meet with
the members or speak with them by phone, and provide them with
business consulting services so that their benefit in being a member
of a barter exchange will be maximized, you should c...
Q: How do members start trading in a new exchange if no one has
trade dollars? A: To get trade velocity started in a new exchange,
you provide members with credit lines, much like a bank issues credit
cards to businesses with credit lines. Members...
The following details an excellent suggested fee structure for a new
exchange.... Charge $15 cash and $15 trade per month so that you
have residual income even if some members don't trade for several
months. And, the trade fees will cover trade busi...
Q: Is there a regulatory body that oversees Barter exchanges in the
US and Dubai? A: There aren't any regulatory bodies for barter.
There are associations, such as IRTA and NATE, but neither they, nor
the governments in the US or Canada set any regulat...
As recommended by Harold Rice a CPA knowledgeable about barter
exchange operations and proper recordkeeping for the IRS, an exchange
should maintain five operating accounts: General Operating
Account - for all trade dollar income and for all trade...
There are several "out of the box" ways to get and track referrals....
Many years ago, when I owned a barter exchange in NYC, we used
Purchase Orders to not only get referrals from members, but also to
show the referred companies that we had immediate new...
Send 1099b in Manage > Exchange emails a 1099b to members. The 1099b
barter sales also appear on member's January & February statements.
In reports, you have the ability to view (HTML) or export (Excel) IRS
filing data. In February, you can upload 10...
