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Local Trade Partners
your cashless community.
How a Saavy Plumber Saved a Marriage.
A money tale. Imagine this scenario:
Let’s take the case of “Gary The Green Grocer”. Gary sells fresh fruits and vegetables. He has a 5,000 square foot building, huge refrigerators and display bins, 6 employees and an overhead door and a cool blinking neon “Open” sign. The problem? He has a major plumbing problem- the sewer line beneath the concrete floor has collapsed leading to a catastrophe- a smelly, disgusting and dangerous sewer back up! Gary calls “Paul The Plumber” The repair cost? $10,000. The floor must be sawed up and underground pipes replaced. It is a huge emergency plumbing job. Business is good but not that good. Short of going hat in hand to his annoying “In laws” or small-minded banker for a loan- what can Gary do?
Gary has a brainstorm.
What if he pays the plumber using Local Trade Partners? Gary considers the possibility. Gary has excess capacity- after all he is not 100% busy all the time, few businesses are. He marks up his produce by 100%- meaning that when he sells something for a dollar- it only costs him 50¢. All of his other costs are fixed, bank payment, labor, yellow pages, property tax and utilities- he is paying these costs anyway. If Gary can persuade Paul the Plumber to take $10,000 in produce for the plumbing repair, then Gary will only be out $5,000 in cash- Gary can handle that! Gary asks Paul- but Paul does not need $10,000 in produce- he likes to eat- but that is a lot bananas and spaghetti squash! Paul says that if he were to do a deal like that it would be with an orthodontist since Paul has 3 kids with crooked teeth. Gary has a Major Problem! The sewer back up is horrible. The county health department finds out and shuts him down, the local TV station shows up and does a hit piece for the 6 o’clock news during sweeps week: “Stinky Sewage in Aisle 3”.
Gary’s business is ruined.
His wife divorces him and she moves in with Gary’s best friend from High School, Barry the Butcher. Barry drives by Gary’s house blasting sappy 80’s love songs in his shiny new “Smurf Blue” Camaro. Gary declares bankruptcy and is last seen selling wilted cucumbers on a lonely street corner.
Enter Local Trade Partners!
But suppose Gary is a member of Local Trade Partners. Local Trade Partners facilitates Gary the Grocer trading with Paul the Plumber. Gary is not going to do a direct trade with Paul. Instead he is going to pay Paul with Local Trade Partners trade dollars and (you guessed it!) Paul will spend those trade dollars with “Oscar the Orthodontist”!
Gary has been selling to other members of the trade exchange, accumulating Local Trade Partners Dollars in his account. All those customers have been “found business”. Gary remembers a customer that drove from an hour away to buy produce. That customer explained that he owned a computer repair business and that he filled his idle time with new customers from the trade exchange, earning Local Trade Partners Dollars. Everyone it seemed was motivated to spend their Local Trade Partners Dollars with fellow members and conserve their cash.
Gary continued to make sales through Local Trade Partners.
Gary spends his Local Trade Partners Dollars on dining out, auto repairs, massages, golf, a dentist, his CPA, attorney and flowers and jewelry for his beautiful, adoring wife who just got Botox through Local Trade Partners.
This, in essence is the BEAUTY OF LOCAL TRADE PARTNERS! Call us! 479-443-1977 or in Fort Smith 479-648-9999.
We’re saving local businesses thousands of dollars in cash every week.