MPP013 – Why Internet Businesses Should Consider Barter Networks to Sell Their Products & Services with Mike Grantis The Mad Profit Podcast

https://youtu.be/s_LgERBKTUg









Interview with Mike Grantis, Sr. Director Business Development at Barterpay.ca







In Episode 13 of the Mad Profit Podcast, we interview Mike Grantis who is the Senior Director of Business Development at Barterpay.ca. He explains the opportunity of leveraging the oldest form of trade to help businesses improve profitability in today's marketplace.







Mike provides some great examples of businesses that have succeeded in offloading their stock or using excess capacity. Businesses of all sizes can leverage this community to help improve their bottom line















Transcript







Laurent : Hey everybody Laurent Truc here from the mad profit podcast welcome back  today we have a special guest Mike Grantis from barterpay.ca  this is a bit of a different interview than what I've done in the past  barter payday ca is a very interesting new community that's being  created and it's been around now for a couple of years that allows  members to barter with other members and I see a very unique opportunity for even  internet businesses to be able to put excess product or even use up excess  capacity if they have a service business and I think it's a really  interesting way to continue to sell and even diversify  your sales. Mike is a terrific guy and it was a great interview so dive in and hopefully you'll find value in it thank you. Intro : welcome to the mad profit podcast where  we interview active investors entrepreneurs and experts who left  corporate jobs to buy or start successful ventures  and live life on their own terms listen to their stories  learn from their experiences and heed their advice so you too can create  mad profits and the life you've always wanted and now here's your host  Laurent Truc.Laurent: welcome back everyone today we got a special guest with us his name is Mike Grantis from barterpay.ca mike welcome to the show how are you.Mike: thanks so much appreciate you having me yeah, I'm greatLaurent:  I'm glad you're on you're a bit of a different  guest than I've had in the past focused on  more of the online  business type entrepreneurs and  you're obviously your business is that  but I think you provide services for many types of business so it'll be  really interesting to kind of dive in and  get the lowdown of how you help everybody so of course can you give a little bit of  background about yourself.Mike : sure so  my name is Mike Grantis  I’m the senior director for business development with  Barterpay Toronto community  and essentially what barter pay is we're Canada’s largest and fastest growing  organized barter exchange so what that means is we help business owners  to pay for things that they need or accumulate the things that they need  using their own idle time capacity and services  as payment instead of cash right so it's a way for  business owners to conserve some of their cash get the things that they need  increase their profit margins and grow their business. And the reason I say organized barter is because it's very different than  traditional barter right traditional barter is  the oldest form of commerce and it's how business was invented but it's got some  big flaws and one of those is what we call the  coincidence of wants and so what that is when you need to find  somebody that has what you need needs what you have at the same time and  at the same value and you know that doesn't happen very  often in business especially with the complexities of  kind of modern markets and so what we did with Barterpay is we created this  ecosystem where you ...