Modern barter is the way entrepreneurial business people get what they need, when they need it – even if they don’t have the cash .

 How BCI National Exchange works?

Most of us have an idea of how bartering works: We exchange something of ours for goods or services provided by someone else. But in practice, the problem usually comes in finding two individuals who actually both want what the other has.

BCI National Exchange takes the concept and makes the execution of the barter system possible. By acting as a broker, with a virtual currency, the BCI National Exchange trading exchange allows trades to happen. In the example, the window cleaner who doesn’t like carrots can still clean the windows, but receive a credit he can spend on something he does like; and the carrot producer can sell his carrots to a vegetable lover.

To help a new BCI National Exchange client start trading, BCI National Exchange offers each trading member a line of credit – a bit like a credit card limit, but without the high interest charge. Members can spend up to their limit on goods and services, but on the understanding that they will make their own goods and services available in due course, which will be sold to other members to make up the deficit. An individual trading account can be in debit or credit from month to month, but so long as a member is actively trading, there is no need to tally up the credits and debits each month.

The barter system provides each trading member with access to staff whose job it is to help them trade. A trade co-ordinator will work with the member, to help them buy goods and services they need from other BCI National Exchange members, thereby conserving cash and helping with a company’s cash flow. This works best, when a member is clear about what they will be needing, and gets into the habit of asking their trade co-ordinator for help, before simply spending out cash.

As the flip side to helping a member buy using the barter system, the BCI National Exchange team then find new, extra business for the member, with which they can balance the debit on their account. Effectively, the trade co-ordinator acts as a sales support, finding new customers to buy the products or services, on the seller’s preferred terms. BCI National Exchange is all about increasing sales, and helping to fill spare capacity, so the seller needs to decide if there are relevant restrictions on their BCI National Exchange offer. For example, a restaurant that is always packed on a Friday and Saturday evening, may offer meals to BCI National Exchange members on quieter nights of the week.

BCI National Exchange manages the virtual finances of members’ accounts, using the concept of the “trade rupee”. This equates in value to a cash rupee which makes accounting for GST and taxes straightforward; and indeed many accountants use BCI National Exchange to help conserve cashflow in their own businesses. And, as BCI National Exchange takes a commission charge on the business the BCI National Exchange system generates, it always has the growth of members’ businesses at the heart of its operations. Simply, if members don’t trade, BCI National Exchange makes no money.

With BCI National Exchange, the concept of bartering is made simple, and the value of the BCI National Exchange system for helping business entity to improve their cashflow and grow their businesses through tough economic times.