Example - ACCOUNTANT

Overview:
New clients will travel further to deal with you because you accept their trade credit in payment for your work and expertise. When they use their trade credit instead of cash, they're saving money (see your example scenario below).

Some assumptions:
1) You are the business owner.
2) Your office is open and the lights are on.
3) Your overhead expenses are consistent whether you're working or not.
4) You're seeking new clients and you have some uncommitted time in your schedule.
5) You don't know how you will use your trade credit.

The scenario:
A client retains your service to a total price of $1,000.00. They pay 1,000.00 in trade credit.
You then buy eyeglasses and contacts for you and your spouse and pay $1,000.00 in trade credit. That $1,000.00 purchase cost you only $120.00 (a discount of 88% saving you $880.00).

Here's how we got there:
Your uncommitted time cost you nothing to utilize, and the trade exchange charged you $120.00 when you spent the 1,000.00 in trade credit (a 12% transaction fee).

Summary:
You acquired a new client just by being a member of Island TradeLink, and you purchased eyeglasses and contacts for you and your spouse at a very low cost. This was a successful trade of uncommitted time for vision care.

In this example we described a purchase almost immediately after you sold your services - but you don't have to spend your trade credit right away, you can save it like cash. And we described a purchase of eyeglasses and contact lenses - but you can buy whatever you want or need.
View our list of recent purchases for other ideas.

Clients paying with trade credit must be considered extra, new customers. You should deal with them only when you have time not otherwise booked by cash-paying clients (cash IS "King"). You can designate certain periods of time when you will accept trade credit.

Learn more about the benefits.