Trade Instead of Cash: Barter Economy Grows to $20 Billion

Innovative company puts buyers and sellers together through an Internet-based barter company.

[USPRwire, Sun Jan 29 2006] Business owners and managers are switching from cash to barter transactions at a record pace.

Many businesses are getting into barter because it helps them to gain new customers and free up cash. Buying and selling through barter helps businesses free up cash for other uses.

Finding other businesses to trade with is not difficult. On-line barter brings thousands of businesses together with the click of a mouse.

"Our web site enables you to sell goods and services for trade dollars instead of real dollars. Then you can use those trade dollars to buy from other members of the exchange," said David M. Bresnahan, founder of www.FreedomBarterExchange.com.

The barter industry is growing rapidly, with barter sales increasing from $40 million in 1991 to over $20 billion in 2000, according to published reports. Companies large and small use barter rather than cash more and more frequently.

Barter is the art of trading what you have for what you want, and it is now the preferred currency of many entrepreneurs who prefer to keep their money in the bank as they expand their business. Businesses do not need to directly exchange with each other, and there is often no need to even be in the same state to conduct an exchange.

The Freedom Barter Exchange has a web site that members use to list what they have to offer. Anyone can search the available products and services. When a buyer finds a match, the on-line system handles the transaction and keeps track of the trade dollars available to each member in their account.

Freedom Barter Exchange can be used by any type of business selling products or services, locally or globally. Anyone with something to sell can sell for trade dollars, and then use those trade dollars to buy from others on the network, according to Bresnahan.

New members are provided with a free month to try the service without cost or obligation. Each new member is assigned to a free barter consultant who helps them learn how to use the program effectively.

Contact:
David M. Bresnahan
603-522-0148
David@FreedomBarterExchange.com

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