Spending Ormita is a little different than spending cash. It takes planning and a little patience – but the payoff is well worth it!
When dealing with your members, remember to keep these tips in mind:
Build relationships with active traders
In any region there will usually be a core group of high-volume traders who can help you learn more about how to make the most out of Ormita.
Attend networking meetings
By attending networking meetings your members will meet other businesses and find out a bit more about them and what they have to offer. It also gives them a chance to off-load their surplus inventory or time to people who are looking to buy.
Although Ormita is a method of introducing businesses to one another your members must remember that many deals are done based on relationships – it helps if your members show their face at functions every now and then so that people remember who they are when it comes to making a purchasing decision.
Plan trades in advance
Few members will accept Ormita for urgent jobs. Most people want to use trade to fill their downtime. Allow plenty of time so that your trading partner can work the project in between cash jobs. Be understanding with them and make it clear to them that you will allow them some flexibility in finishing a certain task.
Watch for members who are eager to trade
Every so often you will receive a fax or email which has updates on new members and other members who are eager to trade. Strike while the iron is hot! If you need a product or service buy it when they are trading! You can’t assume that the trade will still be there weeks or months from now!
You can’t trade everything
Some members only accept trade at certain times and may not be accepting Ormita when cash business is at a peak and/or when they are understaffed. Don’t wait for the last minute to arrange a trade – you may be disappointed.
Plan to pay full price
With using Ormita you will usually pay full price – businesses rarely discount Ormita work. (You should never pay more than full price – report any unfair trading practices to your broker!). When you see a sale promotion on your email, fax or on the website, act immediately. The best deals are snapped up quick!
Spend trade dollars as you earn them
Here is a quick checklist:
• Is your company buying its internet hosting on barter?
• Are you getting your printing done on barter?
• Have you swapped printers?
• Is any of your repair/servicing work now done on barter?
Also remember to set up regular purchases with members who can supply products you need and look for traders which can help grow your own business.
Use Ormita credits to reward employees or loyal customers
Save cash and reward employees with flowers or gifts purchased from other Ormita members. Perhaps a dinner out? Or a gift voucher for a trip away?
You can also use Ormita credit to put on functions at various venues. You might like to provide an information evening for your clients – or an evening to attract new clients, or just take your best customers out for dinner and drinks!
Remember: good deals go fast
Don’t give up if your first tries don’t produce a deal. The best deals go fast – and when members are busy with cash, they’ll often put new Ormita on hold. Over time you will build relationships with trading partners and you will learn what kind of trades work for you.
Spend Ormita instead of cash
Once you earn barter dollars, why not use them to decrease your cash expenses? Your Ormita credits can buy key business services such as: accounting and legal, stationery, tea and coffee, office cleaning and printing – services you’d otherwise have to pay cash for. Alternatively, you can use your Ormita credits to buy supplies or to pay for client entertainment. With careful planning Ormita can help free up your cash flow!
Increase the goodwill of your business
By trading with Ormita you are able to build goodwill by obtaining customers you would not previously have had. This increases the overall value of your business.
Copying and distributing this article
Ormita provides free updates about the generic benefits of barter to those interested in local currency, community currency, countertrade, reciprocal trade, barter exchange, time dollars, hours and other forms of community trade vehicles.
You may freely copy and distribute this article provided that you attribute the author and/ or source as the Ormita Commerce Network.
About Ormita
The Ormita Commerce Network spans 5 continents, with direct representation in more than 17 countries plus additional partnerships in a further 59 countries. The business allows companies to exchange goods and services on a reciprocal trade arrangement.
Some of our Websites
Ormita Commerce Network Australia – www.ormita.com.au
Ormita Commerce Network Canada – www.ormita.ca
Ormita Commerce Network India – www.ormita.co.in
Ormita Commerce Network Mexico – www.ormita.com.mx
Ormita Commerce Network New Zealand – www.ormita.co.nz
Ormita Commerce Network United Kingdom – www.ormita.co.uk
Ormita Commerce Network United States of America (USA) – www.ormita.com
For Licensee, Franchise and Partnership Enquiries please visit : www.ormitacorporate.com
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