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How GBC Barter works for an Auto Repair Shop

How GBC Barter works for an Auto Repair Shop

You could be losing up to $100,000 in revenue—and not even realize it! Take the case of Bob, a graphic designer, and Gary’s Garage. Bob, a member of Global Barter Corp., had a transmission problem with his car.

Bob’s GBC broker refers him to Gary’s Garage, a fellow GBC member. Bob is a brand new customer for Gary’s Garage—in fact, he didn’t know they were so close to his home. The garage does the work using available downtime, so their cost basis is what they paid for the cost of parts only—yet they barter for the full price of parts plus markup and labor.

Gary’s Garage had needed some good signage for awhile now. So Gary trades with a GBC member sign company without spending a penny in cash.

The beauty of it is that Gary’s Garage received something they needed while preserving cash flow—and actually purchased the signage for about 30 cents on the dollar—the cost of the garage’s parts investment. They could have traded for so many vital business needs: tools and equipment, office supplies, accounting services, advertising. With so many members within the GBC system, Gary’s Garage has the ability to attract new customers and obtain almost anything they need to do business—without spending a dollar out of pocket.

Who doesn’t want to save cash? Who doesn’t want to purchase goods and services for 30 cents or less on the dollar?  If the outlay is your cost of goods or unused time and labor, but you are trading for full retail price, you are getting a tremendous bargain. Unsellable inventory or unbillable downtime (net losses) is converted into purchase power. It’s not long before you grasp the amazing potential of GBC membership: buying what you need for cents on the dollar, increasing your business exponentially through new customers and conserving your cash resources!

NEXT: How Barter Works for an Accountant or other Billable Time Professional

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