Malden and Hyannis, Mass.-based Barter organization achieves 2,500 member mark
DATELINE: MALDEN AND HYANNIS, MASS…
Perhaps “cash is king”, but barter is an attractive second best. Given the cash flow challenges associated with the current economic rut, New England Trade, based in Malden and Hyannis, Mass. and the region’s oldest, largest barter/trade organization, recently achieved the 2,500 member mark.
“Although our barter/trade organization has received a huge bump from the so-called recession, we empathize with the challenges of the embattled business owner. With the critical mass of 2,500 members we have a very wide range of goods and services to offer,” noted Ken Meharg, CEO of New England Trade.
Gary Oshry, President of New England Traded added, “We understand regional businesses are looking to us to salvage unsold products and extra service capacity and exchange them within our network for something that can help them build their business. Our trade organization allows members to expand the concept of barter – they don’t have to exchange services directly with one member, but can escrow their earned barter dollars and use it towards anything within the entire network.”
Larry Conn, Hyannis resident and Cape Cod Trade managing partner noted, “Organized barter is a legitimate way to bring new avenues of business to your door and expand your local networking value. At the same time the barter income can help defray your incidental expenses, provide a source of employee bonuses and incentives, augment your health coverage, and perhaps afford you some small luxuries.”
TRADING UP IN NEW ENGLAND
Since, 1980, New England Trade has helped thousands of businesses gain a competitive edge by expanding their revenue and reach with barter. Barter is a creative way to increase sales and decrease cash expenses. Restaurants, auto services, travel, retail stores, and professional business services such as accounting, legal and advertising/marketing are a sampling of the numerous clients who do business with New England Trade and each other.
Worldwide, more than $600-billion is traded annually by small firms and giant companies alike. Nearly one-third of all U.S. businesses are involved in some kind of barter and more than 65percent of the corporations listed on the New York Stock Exchange use barter to reduce surplus inventory and bolster sales.
New England Trade maintains offices at 926 Eastern Avenue in Malden, Mass. and 100 W. Main Street, Hyannis, Mass. In three decades, it has become the largest barter organization in New England. The company is a founding member of the National Association of Trade Exchanges and a member of the International Reciprocal Trade Association, New England Trade manages more than $5-million in sales annually and has a staff of 10 people. New England Trade is operated by experienced, Certified Trade Brokers who know how to make barter work for business. The company is a long-standing member of the Malden Chamber of Commerce.
For additional information about the New England Trade, visit www.NewEnglandTrade.com or call (781) 388-9200.
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