Perhaps “cash is king”, but barter is an attractive alternative. Given the cash flow challenges associated with the current economic rut, the newly launched Cape Cod Trade is finding a warm reception from regional business owners. The new venture is affiliated with New England Trade, based in Malden, Mass. and the region’s oldest, largest barter/trade organization, with over 28 years of helping businesses move products and services.
Some initial members include Van Rensselaer’s Restaurant, Wellfleet; Little Capistrano Bicycle Shop, Eastham; Northern Lights hammocks, Provincetown; Sol Spa, Chatham; Scargo Café, Dennis; Firefly Woodfire Grill, Falmouth; Atlantic Limousine, Barnstable; Polar Cave Ice Cream, Mashpee; Cape Cod Beach Chair, Sandwich; Embargo Tapas & Martini Bar, Hyannis and Cape Cod Painting, Marston Mills.
Larry Conn, Hyannis resident and Cape Cod Trade managing partner noted, “Organized barter is a legitimate way to bring new avenues of business to your door and expand your local networking value. At the same time the barter income can help defray your incidental expenses, provide a source of employee bonuses and incentives, augment your health coverage, and perhaps afford you some small luxuries.”
“Cape Cod has always been a haven for entrepreneurs and business people with ambition and energy,” noted Ken Meharg, CEO of Cape Cod Trade and New England Trade.�
Gary Oshry, President of New England Traded added, “From the tourist industry to professional services to manufacturing, Cape Codders have a wide base for profiting from exchanging goods and services.”
TRADING UP IN NEW ENGLAND
Since, 1980, New England Trade has helped thousands of businesses gain a competitive edge by expanding their revenue and reach with barter. Barter is a creative way to increase sales and decrease cash expenses. Restaurants, auto services, travel, retail stores, and professional business services such as accounting, legal and advertising/marketing are a sampling of the numerous clients who do business with New England Trade and each other.
Worldwide, more than $600-billion is traded annually by small firms and giant companies alike. Nearly one-third of all U.S. businesses are involved in some kind of barter and more than 65percent of the corporations listed on the New York Stock Exchange use barter to reduce surplus inventory and bolster sales.
New England Trade also maintains offices at 926 Eastern Avenue in Malden, Mass. and in three decades, it has become the largest barter organization in New England. The company is a founding member of the National Association of Trade Exchanges and a member of the International Reciprocal Trade Association, New England Trade manages more than $5-million in sales annually and has a staff of 10 people. New England Trade is operated by experienced, Certified Trade Brokers who know how to make barter work for business. The company is a long-standing member of the Malden Chamber of Commerce.
For additional information about the Cape Cod Trade, visit www.CapeCodTrade.com or call 508 775-1277.