Wednesday, June 17, 2009

X-Deals!

Exchange deals--a transaction where one product is exchange, traded or bartered. Usually, there is no cash involved, mainly products or services.

Now that we have some sort of definition, how can the Pinoy Fundraiser use it? Let's say you have a project for an orphanage. You will need food, furnitures, fixtures. clothes, and a whole lot of other stuff.

Some of these you will eventually buy yourself but some of them can be had for x-deals. As the term implies, there should be something traded or exchanged. In our orphanage's case, the PF can partner with companies that manufacture or distribute food stuff so that the orphanage will not have to buy them. In return, the orphanage can drum up the "deal" via banners, press releases or newsletter articles. Getting a company to deal with you is a whole lot of a different matter that I will not be discussing today.

When things like these happen, the orphanage will save on the cost, in whole or in part, of purchasing food stuff. This goes the same for furnitures, equipment, computers. Everything can basically be had for x-deals.

Now, there are companies that will just give you a donation instead of going through an x-deal. And those companies or individuals that are truly admirable.

God bless you and see you tomorrow!

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