Jim's Trade Net
Blog Posts

My Month Living On Trade

This post is written by Hamish Jones of Greenlight Communications, a member of Jim’s Tradenet who has been active within the Jim’s TradeNet community over a number of months For the month of April, I made a vow to “live” off trade dollars. For as much as possible of my business and pleasure expenses I tried to use Jim’s TradeNet.I am not going to lie. I didn’t buy everything with Trade Dollars. It was not possible to change all meetings to TradeNet venues and I did have other bills to pay. But I did manage to get much of my spending covered – for those services where I didn’t have pre-existing supplier relationships, I was able to change some of my purchasing decisions to allow me to purchase more on trade. Lunches – Pizza and Pasta on Broadway in Reservoir helped me with most of my lunches over the month…

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5 Great Jim’s TradeNet Benefits All Members Receive

Jim’s TradeNet is not just a Trade Exchange. It’s an excellent Trade Exchange with thousands of members but it’s so much more than that. Jim’s TradeNet is an excellent network for all businesses – no matter whether you provide products or services. All businesses can benefit from being a member of Jim’s TradeNet. The purpose of this article is to share with current members and potential new members 5 great benefits all Jim’s TradeNet members get from being part of the network. This is certainly not an exhaustive list of the benefits of Jim’s TradeNet and we’ll expand on other benefits in other articles but this blog post just gives you a brief overview Here are 5 key benefits of being a member of Jim’s TradeNet. You’ll get more customers if you are a member of Jim’s TradeNet Jim’s TradeNet opens your business up to thousands of other businesses seeking…

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Why Would a Company Accept Trade Dollars as Well as Cash?

Companies who join TradeNet not only have the option to fill in downtime and/or move excess capacity but also implement a marketing strategy to attract NEW clients and generate a NEW income stream. TradeNet enables a business to accumulate additional income and pay for some of the existing business expenses normally spent out of the profit from your cash clients. Use the Trade Dollars from new business generated to pay for expenses incurred in the running of the business.    

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Are you saying the right message?

  So you’ve registered for Jim’s TradeNet (JTN) and now all the business will fly in the door right? Well not really, I mean is that how it happened when you opened your doors for the first time? Of course not, you concentrated on your marketing message, you put the word out and now you have customers knocking on your door. With this in mind, what are you saying to all the potential customers on JTN? What does YOUR Business Description say about you? Take a moment; think about the customers you want on JTN. What is the problem that you’ll solve for them? Take a sheet of blank paper or open a word file, and write out a description of the problem your business solves for these customers. This statement will become part of your JTN marketing message and should be the brief in your business description. Remember Jim’s TradeNet is…

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Managing the Trade Flow for Your Business

As with all of the other aspects of any business, the need to be in control of every facet is important. The trade flow (i.e. the volume of trade sales) needs to be planned and understood to be effective. The Jim’s TradeNet system features a number of measures to reinforce the way that you manage your trade flow. The following components of the system will assist you to gain the greatest advantage through the implementation of a trade component to your business. A cash only based business is best broken up into 4 categories; current cash income, unsold / excess capacity, current cash expenses and a proportion of cash profit. (Refer below) CASH ONLY BUSINESS MODEL   By implementing a business strategy that includes a trade component, a trade strategy is ideally suited to focus on reducing the proportion of unsold or excess capacity for your business. A trade strategy…

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Developing Your Trade Strategy

A good trade strategy is a smart way to meet your business goals. By working in the trade economy you move inactive inventory and unused capacity to purchase vital goods and services without adding financial strain to your bottom-line. A good trade strategy can provide: Market opportunities New business relationships A higher cash flow Trade Dollars can help you: Fund new programs that were off the table due to budget constraints. Redirect the financial benefit of trade toward other programs.you have planned. Ease the burden of excess capacity Increase cash flow to pay off expensive debt It’s important to know how to approach a trade strategy to gain the most benefit for your business. Jim’s TradeNet is hosting two breakout sessions on the 16th of August. These sessions are designed to help you determine how trade can fit into your business by: Adding business partners who bring more to the table…

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Solve your Cash Flow Fears

  This time of year you are probably focused on how you’re going to grow your business, getting new business, finding new customers and most of all managing cash flow. Even if your company is profitable, a shortage of cash can cripple your operations. Many business owners list cash flow and financing among their biggest worries. In the best-case scenario, limited cash flow might keep you from hiring or making improvements to your business. In some cases, negative cash flow might prevent you from taking on a new order for lack of supplies, keep you from meeting your operating expenses and payroll, or cause you to rack up unnecessary late fees due to delinquent payments. There is all kinds of advice out there to show you how to manage cash flow, improve cash flow or supplement your cash flow. But how do you know what works for your business and…

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6 Reasons to include a ‘Trade Component’ when preparing your 2016/2017 Budget

Fund your marketing budget Use Trade Dollars to invest into your marketing budget, not only will you attract new trade clients but also cash clients Use Trade $ on expenses – redirect the saved cash to pay off expensive debt Keep more cash in your pocket by spending Trade Dollars on business expenses, therefore increasing cash flow Finance a new project or an expansion initiative Use trade dollars to expand your business through TradeNet Reward contractors or staff Value your staff and keep your business thriving by rewarding them Move Excess Stock Move stock through the trade economy Fill excess capacity / unpaid time Make your business productive   Use trade as a powerful and creative way to INCREASE YOUR CASH FLOW. Paul Godden Divisional Manager of Jim’s TradeNet tradenet@jimstradenet.com

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Jim’s TradeNet 1st Birthday Business Expo

Just over one year ago, Jim’s TradeNet began. Our sole purpose is to create a Business Community where owners could exchange services and products using a virtual currency of Trade Dollars. The TradeNet system is designed as a tool to help businesses to grow and prosper within a trade exchange.   We celebrated the anniversary with our first business expo, gathering  members throughout Melbourne. Service organisations, product offerings and strategic business networking came together to create an exciting atmosphere full of connections.   Jim Penman spoke of a bright future for Jim’s TradeNet, looking forward to impressive growth with even more member benefits within the network. Jim introduced the creator of the TradeNet payment platform, Richard Long, and painted a clear picture of the future development of the system. It was an inspiring talk and we thank Jim for his candour and genuine passion for our growth.   Paul Godden was introduced next….

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Optimise your next piece of communication to meet your goals

Your business plan ‘Dream big’- turn the dream into a vision- the vision into SMART goals- the goals into strategies and actions.  That’s how business planning goes, right? Then, add some research and analysis to help decide what the priorities should be. Not that many of us do it really well, but it does show how to move from the big picture, to what’s important today (versus what’s ‘urgent’).  Writing it down gives something to measure against in the future, and to share with others.  Starting with the end outcome in mind, means you know where you’re going. Persuasive Communication’s Role Communication will without doubt, form a big part of implementing the goals strategies and actions.  The goals will include categories in the fields of: marketing/ sales operations finance leadership, so… Marketing is all about communicating your unique offer with prospective customers Operations, requires systems to be documented and taught to staff…

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