Contractor at Nicole Murphy new business is not a financing option for businesses in need of loans.
Barter Black founder and CEO Murphy says a critical survival issue for black businesses is lack of funding. She says BLACK COMPANY that his company is prepared to reduce this challenge by standardizing barter. Its platform offers a financing alternative to black-owned businesses.
She points out that Barter Black is addressing the unfortunate statistic that black entrepreneurs are the group most likely to apply for funding. Yet, they are the least likely to receive it. She argues that her concept will allow black business owners to trade their services or goods with other black entrepreneurs. It will also allow them to trade off services such as websites, skin care, coaching, and graphic design.
Murphy says Barter Black now includes a network of over 300 black entrepreneurs who believe they can benefit from barter relationships. She says you don’t have to worry if someone is up for bartering because everyone on the platform is doing it.
“This is historic, and it will be a game changer for the way black entrepreneurs and business owners do business today,” Murphy said.
Its concept is intriguing because lack of capital is a huge obstacle that many black owners face when trying to start, manage or grow a business.
“By using our platform, companies free up monetary resources to reallocate them to other vital parts of their business operations while ensuring that they get the goods or services they need by leveraging their experience and of their expertise, ”says Murphy.
So how do they do it?
Murphy says Barter Black is an online barter network for just about any service black entrepreneurs need. It works on a subscription-based business model, allowing business owners to advertise their services. The platform offers three subscription packages ranging from $ 49 to $ 99.
“When using Barter Black you have to ask yourself, what do you need a loan for? Is it for marketing, administrative assistance or accounting? she points out.
“These are the types of services that you will be able to get on the Barter Black platform through barter. No money is exchanged!
Murphy says one of his biggest hurdles is educating entrepreneurs on the concept of bartering, as they are not used to it in today’s money-driven society.
She will have a black carpet affair that will exclusively launch Barter Black this year from February 18-19 at the College Park Marriott Hotel and Conference Center in Hyattsville, MD.