MEMBERSHIP TRADE GUIDE
1. How to Conduct a Sales Transaction………………………………….page 2
2. How to Use the NBX Online Barter Store…….…………………….page 3 3. NBX Gift and Debit Cards………………………………..………………..page 3 4. NBX Smart Card Terminals……………………………….………………page 4 5. NBX Trade Dollar Advances……………………………………………….page 5 6. NBX Trade Dollars vs. Cash Expenses………………………………..page 6 Your Trade Ambassador Be a Guest on Friday After Next trade Talk Show
Place Your Product in our E-Guide 7. NBX Resort and Activity Packages…………………………………..page 6 8. NBX Proper Member Etiquette…………………………………….……page 7 9. Using Trade Dollars to Reduce Cash Expenses…………….. page 10. Using Trade Dollars to Enhance Your Company Benefits Program…………page
11. Using Trade Dollars to Create Employee Incentives……….page 12. Using Trade Dollars to Create Customer Incentives…….page 13. Using Trade Dollars to Expand Your Client Base………….…page 14. Using Trade Dollars for Local and Global Advertising….…page 15. Using Trade Dollars for Tax Deductible Donations………….page 16. Trade Dollars and the IRS………………………………………….....page
HOW TO CONDUCT A GLOBAL TRADE EXCHANGE SALES TRANSACTION Please remember to have the ID# and the name of the member you would like to do business with as it is listed in the directory. It is easiest to choose option 2 and paste the ID# in the designated box. ONLINE Sign in to your account. Go to the Member Services section of your menu bar located on the left side of your account page. Select Request/Post a New Transaction. Choose whether you are buying from or selling to a member for this transaction. You will have two options in executing your transaction: Option one: Select the name of the exchange of person you are transacting with. From there select either the last number in the members ID# or the first letter in the name of the business or person you are transacting with. Follow the prompts to include the amount of trade dollars being transferred and a brief but detailed description of the item or service being bought or sold. Click “click here to request this transaction”. You will receive an email confirming the transaction has been posted and the funds have been transferred. Option two: Paste the ID# of the person you are transacting with in the box marked “I already have the members ID#” and the first letter in the name of the member you are transacting with. Then select the member from the list provided. . Follow the prompts to include the amount of trade dollars being transferred and a brief but detailed description of the item or service being bought or sold. Click “click here to request this transaction”. You will receive an email confirming the transaction has been posted and the funds have been transferred. All funds are immediately transferred from the buyers trade account to the sellers trade account when transactions are requested/ posted by the buyer. In some cases sellers executing sales transactions may require online approval from the buyer before the funds are transferred. If you need help or a tutorial in how to conduct a sales transaction Call 321-890-6400
Membership Profile Industry Index Contact Information Promotional Product or Service
ONLINE BARTER STORE Nuera Barter Trade Exchange Online Barter Store is your NUMBER 1 SOURCE for online sales, both locally and internationally. Create your own storefront complete with your logo, pictures of products for sale, a pricelist or menu, etc., even a map to your location and a link to business website! You can post multiple storefronts for multiple products or services. Your membership entitles you to unlimited use of the barter store and it’s many features.
The online barter store is a great tool to direct traffic straight to your front door. You can use the online barter store to announce monthly specials or current promotions and events your company may be having. Keep your product pages updated. You can keep yourself and your products front and center by adding new items to the barter store. Remember each time you post a new storefront every trade associate in the network will get an email announcing your new ad and a link to view it.
Design your storefront yourself with our user-friendly design program or call 321-890-6400 and we will be happy to do it for you!
GIFT AND DEBIT CARDS
Did you know that in addition to the convenient online purchase of products and services, Nuera Barter Trade Exchange offers Gift & Debit cards for use throughout the network?
A Gift Card can be used like a Gift Certificate, specific to one business or designed to be used like a Debit Card, good toward purchases through any Global Trade Exchange Affiliated Business.
Applicable Taxes, Shipping and Gratuities are to be paid in cash at the time of purchase. *When Purchasing Vendor Specific Gift Cards, arrangements can be made to prepay any applicable taxes. The amount of applicable taxes will be determined as state tax law mandates and based on the actual dollar amount of the Gift Card.
Nuera Barter Trade Exchange Gift and Debit Cards make great gifts for Holidays and Birthdays.
NBX SMART CREDIT CARD TERMINALS Nuera Barter Trade Exchange also offers “smart” swipe card machines, for the fastest and easiest way to facilitate your trade transactions. Our smart machines accept all major credit cards, as well as NBX swipe cards. Best of all… we’ll match any competitors POS rate and even buy you out of your old contract. If you are interested in incorporating a swipe card machine in your place of business you may contact your trade broker or place an online request for your smart swipe card machine from the NBX website.
IMPORTANT INFORMATION PERTAINING TO TRADE DOLLAR ADVANCES Effective January 2011 a 6%, per month, cash fee will be assessed to all negative trade dollar balances. This means if you have received a trade dollar advance and have a negative balance as a result of this trade dollar advance- i.e. you have not paid back the trade dollar advance in full, you will incur a monthly cash fee of 6% of the total amount of your unpaid balance on the trade dollar advance. EXAMPLE: if you receive a Trade Dollar Advance in the amount of 200 trade dollars and have repaid 100 trade dollars. This leaves a balance of 100 trade dollars. In your monthly statement, you will see a $6.00 TDA cash fee due.
MORE IMPORTANT INFORMATION PERTAINING TO TRADE DOLLAR ADVANCES: Funds from Trade Dollar Advances that are spent on merchandise or services not provided by an immediate member of the Global Trade Exchange are recognized by the Global Trade Exchange, The International Barter Alliance, and the Global Trade Exchange borrowing member as an International Barter Alliance or IBA Trade Dollar Advance. IBA Trade Dollar Advances must be satisfied and reimbursed to Nuera Barter Trade Exchange in IBA trade dollars.
TRADE DOLLAR ADVANCES Did you know Nuera Barter Trade Exchange offers Trade Dollar Credit? Easy credit terms provide more buying power for you to attain the goods and services you need.
When requesting a Trade Dollar Credit Extension you should be prepared to place double the total amount of the advance you are requesting in gift certificate, tangible product or services on Nuera Barter Trade Exchange Online Barter Store. So, if you are asking to attain a $5000 Trade Dollar Advance, you would place $10,000 worth of product at 100% trade in the online barter store. Talk to your Trade Broker if you are interested in obtaining a trade dollar advance.
NBX TRADE DOLLARS VS. CASH EXPENSES
CASH EXPENSES: WHERE TO EXPECT THEM
In order to keep trade fair and working to the benefit of all involved, and also to practice trade in compliance with state and federal tax laws, on certain trade purchases you may encounter applicable cash expenses, taxes and/or fees. Shipping and handling is universally paid in cash. Tips for personal services such as spa services, tips for restaurant servers, etc are to be paid in cash at the time service is received.
LABOR VS. PARTS & MATERIALS: Typically a mechanic, contractor and most other labor based professionals offer their labor on trade. Unless otherwise agreed upon, it is to be understood by all parties that parts or material associated with the completion of any job on trade will be either provided by the member seeking service, or paid directly to the member providing the service to cover or reimburse his cash expenses for completing the job.
*When parts and/or materials required for your specific project are available on trade you will be able to complete an entire project with no associated cash expenses.
All members providing services that incur a cash expense to the member seeking service should be able to furbish documentation in the form of purchase receipts for parts and materials, or establish reasonable consideration for such expenses incurred, such as gas for travel, etc.
HOTELS AND RESORTS
When accommodation stays are purchased on trade, it is to be understood by all parties that any and all applicable taxes are to be paid in trade at the time of check-in or check-out, according to the establishment’s policy and procedure. All tipping for on-premise employees is required to be in cash as well.at the time of purchase or booking.
RESTAURANTS
Activity ex. Golf, Local Attraction, Sailing Expedition, Diving, Boat Charter, etc.
When dining at any restaurant on trade, it is understood that the tip given to your server will be 20% of your total bill. This is to be paid in *Air charter not included on vacation packages unless otherwise stated cash when you pay for your meal. Any and all applicable taxes are also to be paid in cash when you pay Resort and Activity Packages can be amended to suit the desired pace of your getaway. Opt for an active getaway including for your meal. horseback-riding and golf or choose a low-key package with quiet stay accommodations, a hot air balloon ride and spa treatments. RESORT AND ACTIVITY PACKAGES Talk to your Trade Broker and explore more options on Resort and Nuera Barter Trade Exchange Offers several ready-made getaway Activity Packages. packages for the individual, couples and families alike. A typical package includes: Hotel/Resort Accommodations
Restaurant Script or Certificates
PROPER MEMBER ETIQUETTE Remember to always treat fellow trade clients with the same standard of excellence in which you would service your cash clientele. Undoubtedly they will convey their experience with your company to others inside and outside of the network. A positive experience for them leads to new trade and cash client referrals. Do not inflate service or product prices when servicing fellow trade clients. These are your business peers and it is likely that in the future you may be seeking the services they are offering. In addition, you want to establish presence in the exchange as a valued and reputable asset to your local trade community. People talk and fair market value of any product is easily attainable. Again strive to be recognized for your company’s integrity and dedication to fair exchange transactions. When frequenting hotels, resorts and
Hotels and luxury resort accommodations are a wonderful resource that we are proud to offer through the network. Please be sure to be respectful of the establishment’s property and other guests during your visits. Nuera Barter Trade Exchange prides itself on amicable and mutually beneficial member to member exchanges of goods and services. If for any reason a discrepancy arises, whether it be in product pricing or standard of service, and you feel that the matter can not be resolved between yourself and the other party, please contact Jenn-Marie Jackson at 321890-6400. We value your participation in Nuera Barter Trade Exchange and we will always do our best to go the extra mile to provide you with quality service and increase earning potential. with that too!
TO REDUCE CASH EXPENSES BASIC MEMBER BENEFITS
Barter improves corporate profitability by introducing a company’s product into the barter marketplace and using revenues gained from the transaction to obtain products services that would normally have to be purchased with cash.
But not only are you saving the out-of-pocket cash expense. Most of the time you are getting the things you want at a HUGE DISCOUNT… here’s how: A must read: We will use a restaurant in this example. Say we have a restaurant purchasing airtime or carpet cleaning or any service for that matter. Let's say the price of that service is $100 (100 trade dollars). Well of course the have sold $100 worth of meals to earn those trade dollars. BUT keep in mind their actual cost to provide those meals was $30. THEREFORE... though they
paid the fair market value of what they bought, they actually obtained it at a 70% discount! * formula works for any business on every purchase!
MEDICAL BENEFITS PROGRAM Enhance your employee benefits package through with Global Trade Exchange. We can solicit large corporate medical, dental and fitness packages for you and your employees. This is an invaluable asset and we highly encourage you to take advantage of this program. It could save your company and your employees thousands of dollars per year. .
Enhance your employee benefits package through with Global Trade Exchange. We can solicit large corporate medical, dental and fitness packages for you and your employees. This is an invaluable asset and we highly encourage you to take advantage of this program. It could save your company and your employees thousands of dollars per year. *If you are a medical professional interested in participating in this program please call for more information how to become a participating provider. USING TRADE DOLLARS TO CREATE EMPLOYEE INCENTIVES Most companies intent on attracting quality personnel try to provide a generous employee-benefits program. Such programs often require a sizable cash investment. As a viable alternative, numerous programs are available that you can package for your employees on trade. Your company can put together an on-going benefits program that offers employees conventional benefits that are paid for with new sales. REWARDS PROGRAM Reward your employees at Christmas for a job well done by a gift of a NBX Gift Card or gifts purchased through NBX with trade dollars. Set up a dental program for your employees and their families and funded with trade dollars. Give employees legal or medical services through prepaid premiums acquired with trade dollars. PARTICIPATATION PROGRAM You could also give your employees discounts on all purchases. You pay the regular, prevailing price in trade dollars and collect the discounted cash amount from the employee.
USING TRADE DOLLARS TO CREATE CUSTOMER INCENTIVES Most companies intent on attracting more business try to provide generous incentive programs to encourage new traffic trough the door. Such programs often require a sizable cash investment. As a viable alternative, numerous items are available on trade that you can purchase and use as customer rewards.
Your company can put together purchase incentives ranging from free pens and hats, to a free vacation package. Most companies intent on attracting more business try to provide generous incentive programs to encourage new traffic trough the door. Such programs often require a sizable cash investment. As a viable alternative, numerous items
are available on trade that you can purchase and use as customer rewards. Your company can put together purchase incentives ranging from free pens and hats, to a free vacation package.
REWARDS PROGRAM Reward your best customers this Holiday Season by giving them wonderful gifts purchased with trade dollars.
CONTEST PRIZES You can use your trade dollars to purchase prizes or other items for use in contests such as Raffles, Drawings, or Giveaways.
USING TRADE DOLLARS TO EXPAND YOUR CLIENT BASE You should strive to trade with other members of the exchange in a fair and profitable way. Remember: Trade clients always lead to cash referrals. People talk and happy trade clients results in eager new cash clients expecting to receive the same exceptional services. * Restaurants in particular should recognize the value of the trade client. Trade clients rarely eat alone and often bring fresh new clients to your establishment who are sure to return on their own and pay cash for their next meal. Accepting trade
establishment who are sure to return on their own and pay cash for their next meal. Accepting trade clients also means your staff earns more per shift than if the establishment only serves cash clients. As an added bonus more vehicles in your parking lot leads to passing traffic taking note of your busy establishment. One of the best ways to utilize your Trade Dollars to increase your client base is to use them to buy advertising. Replace your current advertising options with those you can obtain on trade, or add to your current advertising regimen by purchasing even more on trade.
USING TRADE DOLLARS TO CREATE CUSTOMER INCENTIVES USING TRADE DOLLARS FOR LOCAL AND GLOBAL ADVERTISING We want to fill your needs as quickly as
possible and to assist in bringing you profitable new trade and cash customers. We intend to devote our energies and expertise to doing exactly that. Whether you are interested in increasing your company’s presence globally or locally, chances are we can help you with that. Contact your
Trade Broker for a comprehensive list of TV, Radio, Web and Print advertising options for your area. Don’t have a TV or Radio commercial ready to air? We can help you with that too!
USING TRADE DOLLARS FOR TAX DEDUCTIBLE DONATIONS You can use trade dollars to donate to numerous non-profit organizations listed in The Global Trade Exchange. By posting a “buy from” transaction to any of these organizations you will be sent an electronic receipt of donation that you can use to easily claim your tax deductible donation.
PROPER MEMBER ETIQUETTE TRADE DOLLARS AND THE IRS All parties listed in the Global Trade Exchange are required to provide a current Tax ID number, EIN or social security number, and have a 1099b on file. Any member or account found not to have such documentation is subject to immediate suspension or termination of their NBX account. The IRS considers profits and expenses generated from commerce trade transactions to be deductible and taxable, just like cash transactions. Always be sure to include your trade transactions when filing with the IRS.