was founded to help companies and individuals build a secondary economy to their cash economies using barter. We provide substantial business development for our members or "traders" and at the same time we use networking and social marketing to inspire commerce amongst our members, and recruit new ones. We launched on January 1, 2016 and we are very grateful that companies are taking the research
we have completed on the world wide economic outlook very seriously. Our members are now diversifying and benefiting from the thousands of hours of our research, and the years invested in creating The Executive Trade Network. Our technology and team allow us to both promote our members/traders goods and services, and automatically track every transaction between members. We are both the internet marketing company behind the promotion of our members as well as the moderators of all trades. Barter is trading things without the use of money. Most of the poorer run barter exchanges have lost the trust over time of many of their members. Partially because the retail pricing for many of the items in the barter networks are artificially increased to accommodate the barter value versus the cash value of transactions, and partially because of the fees. At times it is “bait and switch tactics” of members who refuse the alternative currency of the trade network when its time to pay for their own purchases. With ExecutiveTradeNetwork.com and the TradEconomy.com both communities are moderated with real life traders, personal brokers, and auditors who insure that the that trust established on the onset of the exchange and the long term economic value of the trade credits, will continue to have both economic and social value over time. Non-cash trade accounts for nearly 30 percent of the world’s total business.
70% of all Fortune 500 companies utilize trade on a regular basis equating to billions of dollars of transactions annually. Over 65% of the corporations listed in the New York Stock Exchange are presently utilizing trade to reduce surplus inventory, bolster sales, and ensure that production facilities run at capacity. The International Reciprocal Trade Association estimates that approximately400,000 businesses engage in non-cash trade in the United States.
20% – 25% of world trade is some form of counter-trade.
3.4% of SME businesses in Australia engage in reciprocal trade. On the 60th anniversary of the Swiss WIR excess capacity trade system, annual volume in reached over $2 billion US dollars – with approximately 80,000 members (20% of all Swiss businesses) nationally. At its peak in 2001-2002, an estimated 6 to 10 million Argentines participated in the Red Global de Trueque barter system, including doctors, manufacturers, and even railways, turning over approximately 6 billion US dollars per annum in transactions and accounted for approximately 15% of Argentina’s mean personal income. The main reason that our core team chose to set up TradEconomy, Inc. is that we have all participated in other barter networks and found faults with the software, systems, processes, teams, and members and we lost faith in those old and outdated exchanges. We share the vision that a trade exchange that is run professionally, has very low transaction fees, and is simple to use will have an extremely positive impact on Long island’s economy and it would also be an interesting and profitable enterprise/endeavor to engage in. Initially, our core team members shared the belief that something meaningful, possibly in terms of quality of life, and community would be accomplished by deploying a trusted trade exchange here on Long Island and In order to make concrete steps forward our team focused on available resources and infrastructure, both technological and economical. The research began to identify an exchange software product, which would accommodate the features, functionality, oversight, communications, and auditing functions identified as the most important and necessary components of a effective trading network. What we found is that most of the existing networks and the software that runs them is either overpriced, or outdated, and in many cases both. Knowing that virtual world and Internet communications will play an essential role in facilitating the exchange of information and in providing the backbone of the trading infrastructure, we decided to adopt a platform and modify it to meet these needs. Our existing vendors, partners, and business associates and the culture of collaboration between us is layered on a strong bond built through years of collaboration and our trusted relationships. For example, most of us even before the economic downturn had all practiced paying it forward, extending credit to clients, believe in “Karma” and extending trust is prevalent in most every aspect of our lives. This shared history coupled with a determination to help Long Islander’s create value, and preserve cash currency, is the foundation for our effort. At the same time, we also know that it is a big leap of faith for people who are known to be rather conservative and slow in adopting new (or old) concepts to engage in a new trade exchange, so we will seed the system with good faith and trust to establish the network. We all share the same vision that small and medium sized enterprises and local businesses on Long Island are ready to enter an additional and different Trade Exchange where you exchange goods and services for other goods and services. With our trading system members do need to trust each other even though the exchanges do not rely on traditional currency, the US Dollar. Adopting the perspective that social change and establishing new comfort zones for economic stimulus is apparent by our focus grouping and pre-launch activities. Each of us expects to not only supplement our own economic growth, but to also create value and employment opportunities for others. Together we want to prove the locally economy can and will be more robust with the ability to trade amongst ourselves and rebuild the local economy through the addition of these trades, an alternative to the cash economy. Our networks are founded on the basis of a shared vision that people want to help other people and find value and provide value in any way they can that can be trusted especially here on Long Island where so many people have excess bandwidth or capacity. This foundation is based on the social relations of the founding team and our shared real life credibility and relationships. We all have more than one experience with each other: from friendship, to childhood relationships, to having worked together on business and political efforts, to the fact we are all from Long Island. ExecutiveTradeNetwork.com is a unique economic space born with some specific goals: enabling proximity-based and trust relationships; fostering economic empowerment of Long Island’s local economy, creating a resilient and vibrant community, and creating a more equitable and professional environment for trading. Our networks foster new trusting relationships between our members and, by virtue of this, it is a dynamic social network whose attributes make it stronger and more resilient than all of the existing trade exchanges available to Long Islander’s. Trading volumes in the ExecutiveTradeNetwork.com network are typically higher cost goods and professional services that you would typically offer business to business or in traditional higher end retail establishments who commit to ten thousand dollars in trading annually. The TradEconomy.com network is another economic space for beginner traders who have the ability to and commit to, a minimum of one thousand dollars of in-network trading annually. Executive and experienced traders may be trading cars, yachts, collectable items, professional services, excess bulk inventory, entire warehouses of goods, jewelry (new and estate), and other higher priced goods and services. The only true difference between the two networks is the size of the commitment to trade. Thus, ExecutiveTradeNetwork.com and the TradEconomy.com networks have strong online presences and fundamentally rely on the online space to create economic interactions and complements traditional social and face-to-face interactions, enabling the networks to scale up to the entire Long Island community and to support interactions between members who do not know each other through other channels. ExecutiveTradeNetwork.com and TradEconomy.com credits are the “trade credit/trust units” created and used by each of the networks members (unit of account and medium of exchange). This credit unit is not convertible into any other currency, it can only be spent and acquired through economic participation in the network, and it is digital (electronic). It is issued as mutual credit without interest. It is one of the many tools and services provided to the network by the brokers in addition to quoting, business networking, event creation, community management, online services, help-desk, moderation, auditing, membership growth, site promotion, and other tangible services. Trade Regulations
As trade exchanges both ExecutiveTradeNetwork.com and TradEconomy.com are subject to existing regulations and operates for profit and each of our transactions where taxable in the “real world” are taxable in the trade exchange. Merchants as well as individuals are held to the highest degree of integrity and morality in their trades. Yet profit is not our main priority and only by creating new opportunities for our members do we create value for ourselves as we all participate in the network as well as host it.
