How can Trade Smart Now Network help me?
Membership in the Trade Smart Now Network can be beneficial in a variety of ways. Barter is a great way to move excess inventories, fill empty chairs in restaurants, or fill cancelled appointments if you are a service provider – when you can’t easily do it through a cash paying venue. Barter is simply an alternative currency – another way to do business; that ultimately improves your cash flow and increases your profit margins.
Trade Smart Now Network will refer other members to you; who can utilize your products or services and thereby giving you trade credits that you can use to obtain the products or services that you in turn, need or want. It’s that simple.
How much will it cost to be a member?
There is a one time fee of $495.00 to join. There are no monthly fees. Because our trade directors are paid to help you “buy” and “sell,” there is a 6% commission that is charged in cash every time you “buy” or “sell.”
How do I know what is in my trade account?
The Trade Smart Now Network uses the DoBarter software as a platform – which means that you can view your account online at any time. In addition, you will receive a monthly statement of all your barter activity, your trade balance and a summary of the 6% cash commissions. Your barter transactions will be reported to the IRS each year, via a form 1099B, so your company financials and tax returns are accurate.
What about taxes?
Barter is not a way to avoid tax obligations. The IRS considers barter to be a taxable event, just like any cash sale or purchase and Trade Smart Now Network Exchange reports all trade sales to the IRS on Form 1099B. Applicable sales tax is charged and paid in cash between members.
How do I know what I can buy?
We have a “members only” section that you can log into and see the products and services available from our members. However, here is where a good relationship with our trade directors helps. Our trade directors are eager to assist you.
How do I buy something or sell something?
Our trade directors will help you through any transactions that you need help with. While our trade directors are here to help, Trade Smart Now Network is a third party record keeper – so your involvement in your trade deals is imperative when it comes to deciding prices, quantities and shipping.
What if no one wants what I have?
Just like the cash commerce world – there are times when the demand for a certain product or service is limited. Again, this is where our trade directors are invaluable. However, keep in mind that the world of commerce moves on supply and demand – which is largely predicated upon price. No one wants to be taken advantage of. Hiking up pricing just because it is a “trade” transaction will result in limited demand and you being stuck with your excess inventory. Fair retail drives demand.
What if I want to buy something before I sell something?
That works. Trade Smart Now Network – as a third party record keeper will not actually buy your inventory, but what we will do is purchase a letter of credit for your product or service, which in effect will give you trade currency to use.
What if I determine that barter isn’t for me and want to discontinue my membership?
At the end of the day, everyone likes to deal with people that want to deal with them. If barter is not a business strategy that works for you – no one wants to talk you into bartering with them. Barter is something that when it works it works great and when it doesn’t – don’t barter.
If you choose to “go on hiatus,” we ask that you simply let us know and that is the end of that. You can still be a member – just not a trading member. Since there are no monthly fees, our members go from actively trading to hiatus status all the times, as they personal needs and wants dictate.
If you close or sell your business, your account will be automatically closed – as only business owners may be members. If you simply decide that you hate barter – well, we’ll close your account upon receipt of your written request.
How do I get started?
Fill out a membership form and pay the $495.00 one time membership fee. That’s it. We will require that you attend at least one of our “new member training” sessions before we allow you to start actively trading, which you can do over the phone or in person and will take about 15 minutes of your time.
