Wine Bar Uses Barter to Save Cash

Great article from Bartering for Business in barter savy. Really good ideas and tips on how a business could save money using barter. Hope you all find it informative!

Jun.17, 2010 in Bartering for Business
By Heather Popa, Account Executive

I love when members are able to take full advantage of the network and use barter as a part of their continuous business model. A locally renowned wine bar was looking to save cash to increase their bottom line, so they incorporated BizX into the business and found ways to save cash on fixed and variable costs.
By accepting trade dollars from customers, the restaurant can fill their empty tables and is able to offset expenses they otherwise would have paid cash for. BizX markets the restaurant to their network of businesses to bring them the desired amount of business to offset their expenses.
By filling their empty tables, they were able to gain another form of income to later pay for these expenses:
· The restaurant has been able to purchase wine from Patterson Cellars. As sales begin to increase on these wine sales, the wine bar says they are saving about $2000 a month.
· They have been able to purchase crackers from Partner’s Crackers. The restaurant uses crackers in many of their appetizers and saves money by purchasing them through a barter network.
· They were able to purchase memberships to a membership based health care group for the owner and two employees. This allowed the restaurant to save on a huge cash cost and still provide a valuable benefit.
· They began outsourcing their book keeping and accounting to Knowledge Integration Solutions and pay for this monthly service with BizX.
· They were also able to revamp and update their websites by outsourcing to a web development company.
By being a member of a business-to-business barter network, they have been able to pay for all of these products and services at their cost of goods and save cash.