GETS Trade is a Capacity Exchange or B2B Marketplace that uses "Trade Credits" (or "Trade Dollars"), a digital currency operating within a closed-loop system. These credits act as IOUs, backed by the participating businesses themselves, similar to the Swiss WIR Bank.
Essentially, it's a peer-to-peer network where businesses trade goods and services directly using Trade Credits. This system provides a flexible way for businesses to exchange value within the capacity exchange.
Businesses use the capacity exchange in one of two ways:
These businesses have a 'Line of Trade Credit' that can be used to purchase goods and services immediately. This balance is paid back through future sales on 100% Trade Credits.
These businesses sell their goods or services first to earn Trade Credits and then spend those Trade Credits at a later date on items they need to run their business.
Do I have the potential to do more business?
If the answer to that is Yes then GETS Trade can effectively help you generate new sales and offset cash expenses with Trade Credits.
How GETS Trade Improves your Cash Flow
There are two main ways to increase cash flow - more sales and reduced cash outlay.
GETS Trade Does Both.
GETS Trade allows you to pay with what you have for what you need - thus allowing you to preserve working capital for other needs.
When you use Trade Credits instead of cash to purchase needed goods and services - you reduce your cash outlay by paying for them with new revenue generated from marginal sales... sales that probably would not have happened without Trade.
GETS Trading Means Wholesale Buying Power
With GETS Trading, the real cost of the goods or services you purchase is actually the wholesale cost of your goods sold which naturally gives you a discount.
Making sales with built-in profits makes the cost of your purchases more economical.
When you join GETS Trading, you open the door to a new, cash saving means of handling everyday business and personal expenses.
Cash Savings Calculator
Cash & Trade Credits Blends
GETS Trading allows Members with positive trade balances to accept a blend of Cash ($USD) and Trade Credits, our members are less likely to become overloaded with Trade Credits at the cost of their cash flow.
GETS Trading recommends that Members take cash for the raw cost, which is the cash they would pay out to replace the stock sold or purchased, and then take trade credits for the balance, which is the marginal cost of sale, keeping prices the same as for cash only transactions.
Because cash has been paid for the raw cost of this new business, there is no actual cost to do the extra business that would come through GETS Trading membership. This extra business is over and above existing sales volume (turnover), and is business that would not otherwise have been generated if they had not joined the Exchange. All fixed costs and overheads are covered by existing turnover.
So, this produces the perfect trading alternative whereby businesses not only conserve cash from existing customers, but also increase their cash flow through new business, and they have generated trade income from the profit on business they would otherwise never have had, the actual cost of Trade Credits to them is ZERO.
The Exceptions
There are exceptions on the blend of Cash & Trade rule this is where members who have a Trade Credit Line and a negative balance are required to repay on 100% Trade whether they are selling Hard or Soft Goods.
Fair Trading Policy
ALL Marketplace Items that have a dual currency price Cash/Trade Credit blend MUST be the same as your normal published or listed CASH Price.
It should be noted that in order to build repeat business and ongoing relationships within GETS Trading, there has to be a mutual fairness between clients. Categorizing Soft Goods as 100% and Hard Goods as part cash part Trade Credits is a good rule to follow. It's all about negotiation and the actual nature of the goods traded.
Example
If a hotelier wanted to sell a room night (soft good) priced at $100.00 on 50% cash and 50% Trade Credits that would NOT be acceptable. However, if the hotelier wanted to sell a conference priced at $100,000.00 on 30% cash and 70% Trade Credits this would be acceptable as there would be cash costs involved.
