Every day my phone rings, my messaging platforms ding and my inbox goes off with People wanting to know more about Alternate Currencies, BBX Trade Credits in particular.
They want to know how it works and most importantly, how it will benefit them?
Now it’s no secret that there are two major factors in the reasoning behind these questions being directed towards me.
- The Network Educate Invite Business Support Program has been primarily built using BBX Trade Credits.
- My Day Job is “National Sales Manager” for BBX.
Chances are, you probably have the same questions as everyone else and you’ve probably even spent some time on blogs, forums and around the web, trying to get answers. Problem is, you keep getting conflicting answers, right?
That’s why I compiled this list of frequently asked questions.
I wanted to make sure you got the right advice from someone who’s successfully navigated the world of Digital Trade Credits. Read on…
Q.What are BBX Trade Credits?
A.BBX Trade Credits are an alternate payment method used as a payment method to facilitate sales and spending between members of the BBX Business community.
Q.Is it a Contra/ Barter style system?
A. At its most basic form, the answer is yes but, it goes way beyond that.
When you do a contra deal with another business, someone always gets the blunt end of the stick. Your product may be worth more than the other product, so you are losing out. To add to that, if the other business doesn’t want your product, the deal will not go ahead.
BBX acts as a 3rd party record keeper for all transactions meaning that every transaction holds a dollar Value, and you are paid what your product is worth and with over 20,000 members of BBX around the world, you can be assured that someone out there will be happy to accept your products.
Q.Are BBX Trade Credits Taxable?
A. Yes. The BBX Trade Credit is fully approved by the ATO as well as many Tax Offices around the world. This also means that any legitimate business expenses made with BBX is also a Tax Deduction.
Q. What can I spend my BBX on?
A.This is such a hard question to answer on a blog as there are so many places that you can offset cash expenditure with BBX.
At NEI, we have created a new website, accounting, CRM systems, New Printer, Vehicle maintenance, SEO, Social Media Marketing and even use BBX to pay for part of our Outsourced Staff. Seriously, we haven’t even investigated what we can spend on in personal life yet…
Q. Is there a Cost?
A. Of Course. It’s a Very Minimal Cost for the service and support you receive. Think of it this way…
If BBX introduced you to 20,000 businesses that would buy your product or service, would you be happy to pay a small percentage of that Sale?
Think of it as a Commission Only Salesperson.
Hopefully, this has answered some of your questions about BBX. I have been involved in BBX for almost 20 years and I can say that every business I have ever owned, run or been an influencer in has been directed to use BBX with some amazing Results.
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