Barter exchange networks such as the Ormita Commerce Network provides a mechanism for business owners to turn their excess capacity into needed goods and services. It supplements existing cash income and provides a way to offset costs against new sales.

If your business is not at 100% capacity all of the time then you have an opportunity to increase your revenue and reduce your current cash costs through the use of barter.

In the cash market:

  1. A business normally creates demand through advertising, word-of-mouth and repeat custom.
  2. Businesses current customers are limited to the amount of people who see their advertising, hear about them and walk past their door.
  3. Virtually all businesses in the cash economy experience times of excess capacity (e.g. unsold appointments, empty rooms, slow moving stock.)
  4. A businesses ability to buy and sell is restricted to the amount of cash available in the local economy.
  5. There is no assurance that those who you buy from will return to make purchases from you.
  6. If a buyer of your product or service goes bankrupt or does not honor a debt you will not get paid.

In a barter market such as the Ormita Commerce Network:

  1. A business is always in demand because there is only one (or a few) of them competing in the marketplace.
  2. Ormita brings you new customers on a regular basis.
  3. Value is created through trading needed products and/or services and is supplemental to your existing cash income.
  4. Whatever it is that you need, be it space, advertising, distribution, equipment, office supplies, repairs and maintenance, professional services, training, entertainment, a holiday, a database or anything else; as long as someone else has it, chances are you can get access to it!
  5. Payment is received and recorded at the time of sale.
  6. Ormita is a closed network of businesses trading with one another, thereby ensuring repeat business.

How it works:

Ormita acts as a clearinghouse for the trade of excess capacities, goods and services – much like an alternative commodity exchange.

Participants buy and sell their excess capacity and/or stock in return for already budgeted for products and services, new investments, cash-flow enhancing products, professional and donations.

Rather than promoting direct trade between participants the Company brokers transactions through its centralized marketplace.

  1. Transactions are detailed in a centralized “ledger” which records the value of the items purchased (debit) and sold (credit) – much like a clearinghouse does for stocks, or a commercial bank does for checks.
  2. This ledger system utilises a “credit” as a method of accounting with 1 Ormita Credit = $1 Cash.
  3. Just like any brokerage firm, Ormita receives a cash commission on each transaction each time you make a purchase.
  4. Sellers pay no transaction fees to Ormita

Founded in 2007 by Jim Gielarowski, Lynnea Bylund, Daniel Evans, Xi Sun and a group of shareholders, Ormita has grown to have operations in 23 countries.

From the outset Ormitas founders  had the objective of creating a business that would be successful, sustainable and create value – not just for shareholders, but for our members.

The Company maintains strong relationships with trade exchanges and related industry specialists across the globe. As a result of these relationships the Company is better able to understand the problems which face our market and its users and develop programmes which address the needs of participants, manage business operations and forecasting growth. The current CEO of the Ormita Commerce Network is Daniel Evans.

You can visit the website of Ormita at http://www.ormitacorporate.com

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