Paying with Tradebank is no different than paying with any other debit card. It is always the responsibility of the seller to obtain the authorization; it is how they are paid. The authorization can be obtained via www.mytradebank.com or Tradebank’s mobile pay App when the funds are transferred from the buyer’s account to the seller’s. In the process of completing the transaction, the seller should ask the buyer for their Tradebank debit card in order to obtain the buyer’s 16 digit account number and verify the purchaser is a valid Tradebank cardholder.
Perception is Reality. If you’re like me, you know that the manner in which you’re perceived affects the relationship you have with other people. The 12 x 12 x 12 Rule can help manage the perception others have of you. The 12 x 12 x 12 Rule asks three questions: – How do you look from 12 feet away? – How do you look from 12 inches away? And finally, – What are the first 12 words out of your mouth? What we’re talking about here is perception versus reality, and how very important it is to create the “right” perception of yourself and your business. Because at the end of the day, networking is about creating relationships, and every relationship starts with the initial perception others have of you. The 12 x 12 x 12 Rule can help make sure you come out looking like a winner.
Get a signed contract before any work begins, both parties should have a signed contract (or approval from both parties via email) saying what the buyer will receive, the price that will be paid and the date by which the services are to be completed or the product is to be delivered.
Consult with your accountant to understand the tax implications. Those bartering within a network will receive a form called a 1099-B, or “Proceeds From Broker and Barter Exchange Transactions.” You must report any related profit or loss when you file your business’ income taxes. The exchange network is obligated to report your transactions to the IRS, but always keep your own records just in case.
Barter to provide benefits, such as dental care, restaurant gift certificates, massages, and vacations to your employees
Barter Slow Moving Merchandise
Promote and barter those items that are slow to move to use your otherwise unused products or capacity.
Ask your barter customers to refer you to members inside AND outside of the network
Increase the vendors listed on Tradebank. If your favorite vendor is not listed, contact the business and ask it to consider joining the network.
Use trade dollars to provide gifts for valued clients.
Use trade dollars to provide PR/marketing services to increase your business
Check the myTradebank site often to see who else has joined and whose services you might need. You might have ignored the pressure washer listed there until the day you need your driveway or building pressure washed.
Move quickly when you see specials offered on the Web site. They may not last long.