 |
|
| |
| How Tradefirst's Business-To Business Trade Exchange Works |
| |
| |
|
|
| |
| Buying & Selling |
| |
| |
Buying and selling on Tradefirst and how it affects your business |
|
| |
| |
Once your Tradefirst account has been set up you will receive: |
|
| |
| |
|
Your Tradecheque Book |
|
Your Client / membership details and account number |
|
Your personal web site access codes and user names |
|
Client Details and account number |
|
Copies of all current printed product lists, special offer details etc. |
|
Trade credit facility details, where agreed |
|
Your product(s) and / or service(s) details and ad copy as they will appear on Tradefirst's web site directory and other publications.
|
|
|
| |
| |
You are now ready to trade on your Tradefirst account! |
|
| |
| |
The Trading Process
Your account will be activated once you:
Begin buying - within agreed credit limits
OR
Begin selling - By advertising and listing your products / services |
|
| |
| |
What are your priorities? |
|
| |
| |
If your current priority is to reduce cash expenditure, improve cash flow, or buy goods / services which have not been budgeted for initially but have now become necessities,then you can choose to buy first. |
|
| |
| |
If, on the other hand your priority is to increase sales now because of spare production / distribution capacity or to sell excess stock, then you may choose to sell first up to an agreed volume or value. |
|
| |
| |
Trade Bands and Filtering - Controlling your trading activity and volume. |
|
| |
| |
Typically, most members want to be able to buy needs and sell their products or services freely on an ongoing basis.
Conversely, most members, especially in the initial stages of membership, like to control their trading volume to a manageable degree: ie: not to sell too much and have more credit than they can realistically spend in the short term or to go too much into debt on their account whereby excess pressure would be on them to supply back in the short term.
In order to manage trading volume, Tradefirst apply a Trade Band to your account: |
|
| |
| |
Controlling purchases - Trade credit limit: |
|
| |
| |
To control purchasing volume, an initial trade credit limit is applied to your account, so if you have been approved for a Trade Credit Facility, you may begin buying goods and services immediately from other Tradefirst members, but only up to the agreed credit limit, just like an overdraft limit in your bank account. See Increasing Trade Credit Limits below. |
|
| |
| |
Controlling Sales - Sales value limit. |
|
| |
| |
To prevent unlimited purchases / drawdown by other members of your products or services, you can limit the value of sales at any time to a certain value. This is normally equal to your trade credit limit. Once your account reaches that positive balance ( sales over purchases ) figure, your products or services are removed from all listings, you will be informed by e mail and your monthly statement will show your Trade balance each month.
This means that you are operating within a trade band: ie: an agreed figure either side of zero, beyond which your account should not deviate. In effect, Tradefirst give you a Trade credit facility and you give Tradefirst a credit facility. This ensures that you control how much buying or selling you engage in at any time. |
|
| |
| |
Filtering sales and sales enquiries: |
|
| |
| |
In order that you are always aware of which sales and sales enquiries are from Tradefirst members, you may choose to have all initial enquiries and / or actual sales processed via the Tradefirst Trading Office. On your listings on the Tradefirst online directory, interested buyers are advised that all initial enquiries must be made via Tradefirst. This means that you are always fully aware of all sales and enquiries coming from Tradefirst members. |
|
| |
| |
Increasing your credit limit: |
|
| |
| |
Once you have been trading for some time and have successfully sold to a number of Tradefirst members, you may apply to have your trade credit facility increased. Increased facilities are subject to a number of criteria and are:
a) Based on the sales activity and history, general availability of your products and services, the impact of any specific restrictions you impose regarding availability and also the level of customer satisfaction expressed by other members who purchased from you.
b) Based on normal trade credit checks and references.
c) If you apply for an increase in your credit limit.
Click here for full Trading Terms and Conditions.
| |
| |
| |
|
|
| |
| |
| More on how it Works |
| |
|
| |
| |