(1888PressRelease)
March 22, 2008 - Hope, RI – BarterBing.com, a privately owned 9-year-old barter exchange, is networked with 250 other trade exchanges around the world, with a total of more than 50,000 members anxious to buy and sell using barter instead of cash.
BarterBing.com is a 24/7 online trading platform, like eBay (R), except trades are done using barter or trade dollars instead of cash, or federal reserve notes.
A barter or trade exchange is similar to a bank, except that it uses trade dollars as a medium of exchange instead of cash dollars. Membership in the http://www.BarterBing.com trade exchange enables members to list their products and services for sale, similar to eBay but without a listing free. It then facilitates trading between members. In addition, it provides the accounting services and statements that help members keep financial records and meet IRS requirements.
“We began the revenue sharing program to help expand the worldwide barter economy as an antidote to worldwide recession,” explained Bill Rosenberg, president and C.E.O. of BarterBing, LLC. “Revenue sharing gives our members added incentive to help the barter community grow, which means more and more people will learn the advantages of using trade dollars instead of cash dollars.”
When the economy becomes slow, there are many businesses with slow-moving inventory, or even perishable inventory such as radio time, billboards, vacant hotel rooms, airline tickets, empty tables at restaurants, or event tickets. Companies that provide services may have unsold service time that can be sold through barter.
“Companies can move their unsold inventory or unsold service time through barter and thereby improve revenue during a slow economy. A key consideration is that once the sale is made through barter the trade dollars can be banked in the trade exchange until you want to make a purchase later. Barter gives you greater revenue and improves liquidity,” said Rosenberg.
Members of http://www.BarterBing.com are now able to receive revenue shares when they recommend the barter exchange to others, which gives incentive for members to help the barter community grow.
“Everyone benefits as the number of members increases. BarterBing is networked with 250 trade exchanges throughout the world, with a total of more than 50,000 members. Maximizing cash flow is a top priority of all businesses. Using trade dollars, as an alternative to spending cash, helps you conserve cash,” said Rosenberg.
About BarterBing, LLC:
BarterBing, LLC was founded by Bill Rosenberg in 1999 in Hope, RI in the Providence area. The privately owned company has offices at 295 Main Street, Suite 100, Hope, RI 02831. Members have access to the goods and services offered through barter from over 50,000 other members in countries throughout the world.
Press Contact:
Bill Rosenberg
401-821-5164
