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Trade is a way of transacting business without the use of cash. Essentially, you can purchase the goods and/or services you need, and pay for them with the goods and/or services you have.
There are several advantages to trade, with the first and foremost being new business. Trade provides you with new clients, which allows you to expand your potential market beyond your traditional, cash-paying customers. It also creates a relative increase in your cash flow since you are now trading your goods and services for what you need, rather than spending cash. Moreover, trade is also extremely advantageous in that it allows you to put idle resources to work; excess time, inventory and capacity are converted into additional revenue, which in turn translates into extra profit you may have otherwise never realized.
Trading one-on-one with other businesses is a very labor-intensive process because it requires that both parties have something the other needs or wants. Moreover, the opportunity cost of your time in order to directly trade successfully is very high. With our trade exchange, however, trading becomes much more efficient because everyone trades with everyone, even if they do not want what the other person has to offer. Whenever anyone purchases something from your business through trade, your account is credited with Grow Dollars, which can then be spent on any item or service needed or wanted from within the trade exchange.
If you are unable to
find something you would like to barter for,
please contact GROW. We will either help
you locate a member who offers what you’re
looking for, or we will try to sign up new
members who can provide you with what you
GROW will often extend an interest-free
credit line to its members, but on a
There are no tax advantages or disadvantages
to barter. Barter income is the same as cash
income for tax purposes. Bartering should be
considered a marketing tool, not a tax tool. As
with cash income, however, barter purchases
that are business-related are also tax
Grow has the same reporting requirements as banks and stock exchanges. At the end of the year, we total your barter transactions and submit this information electronically to the IRS using form 1099B. All tax payments are applicable as if the barter sales and purchases were made in cash.
The seller is expected to trade their
goods and services at their normal cash rates.
They are not obligated to extend any
promotions or discounts to barter customers
that they offer to cash paying customers.