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The Corporate Barter ConceptBased on the current economic situation, timing is perfect for businesses to grasp the benefit of corporate barter. What are your current options?
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Corporate Barter ServicesHere's how Tazmedia works:
Barter is a proven and successful 50 billion dollar industry. Based on the current economic situation, timing is perfect for businesses to grasp the benefit of this burgeoning business. Barter is an innovative method of transacting business without the use of cash. In organized barter, business members buy what they need and pay for it with what they have, with TAZMEDIA serving as the intermediary marketing agent, facilitator and a third party record-keeper. Despite the historically bad economic conditions in the United States and around the world, one bright spot for 2009 is the business of barter. In 2008, it was estimated that in North America alone roughly 250,000 companies conducted barter transactions worth over $16 billion. Most North American barter companies are reporting recent increases between 15 and 35 percent in transactions; the trend is expected to continue. Barter has long been used as an alternative means of doing business, especially in less-established economies. Pepsi and Russia formed an unlikely alliance when the soft-drink giant gained marketing rights in Russia in exchange for ships full of vodka. Mercedes-Benz traded buses for $44m of bananas in Ecuador, and Thailand offered rice in return for fighter planes from Russia. The International Reciprocal Trade Association (IRTA) estimates that 30 per cent of the world's business is done on a barter basis. "Across the globe, companies are short of cash and credit, and seeking alternative ways to survive the economic turmoil. Banks, still feeling the bite from worthless assets, remain unwilling to lend." "Because of the difficulty in accessing credit, and because modern trade and barter exchanges offer credit lines and alternative revenue streams, barter companies will likely continue their strong growth," added Wallach. "Modern trade and barter makes sense for most businesses. Those responsible for monitoring the bottom line at any company should definitely explore the barter option and the benefits involved."
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