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Do not confuse it with “turning a key” but is quite similar to the concept. Turnkey products or turnkey solutions are products or services designed and built to a fully operational form such that it is ready to operate. You install the system and open it to start working on, just like a key to open a door. Traditionally, the term “turnkey” was used by construction companies where a building contractor completes the construction of a project for the buyer to utilize it thereafter.

Select the Apt Enterprise Software Solution for your Business

When it comes to your existing business, as for every other business, to go online what would you like to implement in your business? Whether to build a custom software comprising of all the features that your business requires or to purchase a ready-to-use turnkey solution? Enterprise software solutions can be classified broadly into two categories:

1. Custom made or On-the-shelf business software
2. Turnkey or Off-the-shelf software

For a brief comparison, a custom made software when compared to a turnkey solution will have all the business needs included but will require a higher time period for design and implementation and can also cost the company a huge investment. Here is where off-the-shelf software solutions or turnkey solutions in simple terms is beneficial. Let us discuss the advantages of turnkey solutions in detail.

Advantages of Off-The-Shelf Software Solutions

Easy Implementation

The biggest advantage of turnkey solutions is that they are easy to implement even on an existing business. It will be priorly set to start operating on completion of installation. The system will have an amalgamation of different features from billing, accounting, website design, or even content management.

Economical

Creating a fully customized software can cost you a high expense due to the requirement of software building platforms and professional developers. If you are on a limited budget, then turnkey software solutions are your best option. Since they come in a package providing all the basic features that your business requires, turnkey solutions are the quickest and budget-friendly choice for your business.

Time constraints

Building a fully customized software will require a great deal of time for successful execution. You will have to check for the availability of the designers and developers and schedule the project execution accordingly. Off-the-shelf software solutions have its pro here as well. Since they are ready to use solutions all you need is to buy the software and run the file and off to work!

Limited Technical Know-How

If your business team does not have a strong team of programmers or development specialists, implementing a turnkey solution is easier. This will save you time and budget when compared to the process of hiring a software developer or a team with the caliber of delivering you the best solutions within a confined time period.

Analysis, Service and Customer Support

The solution provider will always be available to support the business owner from step one. They will analyze your business requirements and note down all the major points to be covered by the software and will finally select the best turnkey software solution for your existing business. They will also render quality service and support at all times. They will provide the users with initial training on how to use the software effectively.

Technical Support

During issues regarding the working of the software or any bugs, Turnkey solutions providers are known to provide faster and reliable technical support. Since, they have a larger team of professionals working on the software, the absence of one developer will not affect the debugging process whereas this can be crucial in the custom developed software.

Updates and Ugradations

Turnkey software solutions will have regular upgradations or version updates to stay close enough with the latest technologies. The users will be notified of the new version or extension updates in order to update them on your existing platform.

Now, here arises another question. Apart from these pros, even off-the-shelf solutions also have its divvy of cons. Some of the most prominent ones are as follows.

• The software can at time miss out on certain features that you require for your business.
• The software might have extra features that are of no use for your business.
• There can be miscellaneous charges for service and maintenance, licenses and even upgrades.
• Limitations in customizations.
• Lack of scalability when compared to the growth of your business.
• Compatibility issues when used on your existing infrastructure or platform.

It is here that open source software scripts such as the products of iScripts become helpful. This forms an extension to the different enterprise software solutions. Such scripts can be categorized as customizable off-the-shelf software solutions. This will provide you with a comfort level where the turnkey solution misses out on certain features vital to your business. The customizations can be done by employing a developer or even can be done by the turnkey solution providers as well. Let us have a look at some real-life scenarios and how custom off-the-shelf or turnkey solutions can be implemented to improve the customer experience in those businesses.

Real Life Applications for Turnkey Solutions

On-Demand Marketplace

If you are planning on to start with an on-demand business venture like a taxi service, gym training facility, mobile parlor facility, etc, you can use an Uber for X software script such as iScripts UberforX. The software also comes up with a mobile version of the script which will help in reaching your business to a wider audience through smart devices.

Online Food Delivery Service

Planning on to extend your restaurant chain to the wider audience? One of the best solutions will definitely be food delivery services. With the high demand for online food delivery options beginning from the pizza deliveries to the present day champions Uber Eats, Swiggy and Zomato apps, online food delivery can be highly effective for better branding. Using an online restaurant delivery software script such as iScripts NetMenus will be an instant solution for your business requirement.

Order Tracking and Delivery Platform

Last Mile delivery systems are booming. So if you’re into investing in a similar business venture or crowdsourced delivery services, the very first step to execute is to select a professional order tracking and delivery platform. One such software is the iScripts LocoLogic. The software is an open source script which will aid in customizing the software according to your business requirements.

Online Web Store Creation / Build an eCommerce Website

A very common business nowadays, isn’t it? But for the business to be a well-known brand or bring in good profits you will definitely require a good website. A shopping cart, proper billing facility, help desk feature and so on are some of the must include features in your website. iScripts provides turnkey solutions for creating your custom e-commerce website or an online web store to sell your products.

Customer Help Desk

Customer Satisfaction is the key to a successful business. To achieve this it is essential to have a helpdesk feature for your website that can be accessed from all pages. Keeping in direct touch with your customers and regular follow-ups are some top factors in generating happy customers. iScripts SupportDesk is one such a turnkey software solution that you can add to your existing business for interacting easily with your clientele.

Techies who are foodies, this blog is just for you! Food is one of the most important necessities that come along with the other essentials, water, and shelter. In the busy lifestyle of a techie due to the lack of time, they are more prone to having food outdoors than freshly prepared food at home. This has resulted in an increased demand for fast food centers. This high demand but has its unhealthy side with the excessive use of artificial flavors, colors and savories. This has affected the health of the young generation resulting in high numbers of reported cases of obesity and lifestyle disorders. Hence, there has risen a trend of youngsters looking up for healthy food habits and searching for restaurants provide the same.

Here comes in the gourmet restaurants to the picture. There must be at least a few of you who are new to the term of gourmet restaurants. Gourmet restaurants are more towards the expensive side when comparing the prices. The high prices are usually due to the high precision preparation and garnishing by exceptionally talented and pro chefs. To relax and have a meal comfortably, gourmet restaurants are your bae. Gourmet dishes or haute cuisine are mostly associated with the culinary preparation of solid and liquid edibles in a sophisticated manner by high caliber or qualified chefs. Gourmet dishes are more into the beautiful presentations that will leave you speechless and tastes delicious!

To impress your first date, you can take her to any one location of Kaffe 1668 in the Empire City, New York. Kaffe 1668 was established in 2012 dealing with takeouts and catering. Kaffe 1668 South now offers to easily buy their best coffee brews online. Users can select from a variant range of strong, roasted and brewed coffee and tea. Users can either get them directly delivered to their doorstep or even pick it from any of the Kaffe 1668 branches at your convenient time as well.

The website was developed using the latest framework technologies such as PHP ICARUS Framework, Angular 7, Linux and Apache. We have been in the web development business providing the best-in-class services and solutions since 2013. If designing a web store to showcase your products and sell them online is your dream, drop us a call directly to 312-423-6728 or email us with your requirements to sales@iscripts.com and return with the best cost-effective development solutions for your brand. Avail a free consultation from us by clicking here.

This one common term has been around in the online marketplace since quite a few years. But what does the term actually mean? The term last mile was initially used for referring to the final stage of telecommunication networks and has nowadays widely used to describe the final lap of package delivery services. Last mile delivery hence can be defined as the transportation of goods from a warehouse or hub to a destined address which can either be a home or commercial space. The term also refers to the delivery of goods from the source to the destination as fast as possible.

Lately, last mile logistics has gained a high significance in retailers, restaurants and e-commerce providers due to the omnichannel retailing processes. For all those who are unaware of omnichannel retailing, it is very similar to multi-channel retailing. With the onset of ‘Internet of Things’ people have moved on to shopping on multiple channels, i.e; both online shopping through online stores and e-commerce websites and offline shopping from brand stores. Hence, when the scenario reaches to online shopping or package deliveries, last mile delivery has a large significance on branding. Studies have shown that consumers are ready to pay better for same-day and last mile deliveries.

Last mile delivery system for Retailers

Gone is the time, people wanna go to retail stores to buy their groceries, stand in long queues for weighing and billing. Mostly every household now prefers groceries to be delivered at their doorstep n the same day of delivery. This forms the biggest challenge for retailers to get the items delivered the same day. They will have to not only keep up to the quality of their products but must also ensure the quality and timely delivery of the products simultaneously.

As per a recent study conducted by Capgemini, 3 out of every 4 consumers and ready to increase the spend for online grocery deliveries. This has forced a great investment issue on the retailers regarding faster delivery of products at free cost at every location. Certain locations still are uncovered due to the lesser number of probable orders to come in and the distance from the nearest delivery hub. Almost 65% of customers nowadays opt for the giants such as Google Express, Instacart or Ocado for faster deliveries which can act as a threat for the local retailers due to the inept delivery services.

Last mile delivery system for Restaurants

In the past years, food delivery has opened up to a lot of scope in the delivery business. With the convenience of ordering food on a single tap and having them freshly delivered within a short time has caught a lot of attention and appreciation. But the growing demand has put a heavy responsibility on the delivery agents to deliver them on time without any damage or quality concerns.

Pizza deliveries have mastered the art of self-delivery without outsourcing deliveries to third-party delivery service providers. This has led many restaurants to in sourcing their delivery systems leading to a much more efficient system. For properly managing such a system, proper order and delivery management system is a must that can be accessed anywhere at any time for both the consumers and the service providers.

Last mile delivery system for e-Commerce dealers

Customers are nowadays ready to put in more money for the same day or faster deliveries which have now put greater pressure on e-commerce businesses lately. Online shopping websites must implement a good delivery system else will lose good customers and potential customers due to the negative reviews. This has forced many of the e-commerce dealers to start their own delivery services. Big shot e-commerce businesses such as Amazon has now started their own delivery services.

From all the above-mentioned cases we can see a surge of opportunity for automating the warehousing and logistics process. This can be easily taken care by employing an order and delivery management software like the iScripts LocoLogic. This system will let you easily track every order both on your desktop and smart devices at the same time.

Factors to keep in check for Last Mile Delivery Systems

When delivery management remains to be an important factor it also has its own fair share of cons. With the increase of customers opting for online shopping, speedy fulfillment isn’t that possible to fulfill every time. You must have waited for a lifetime at the time even after you see the products being shipped and being set out for delivery as in the status. The systems that could work casually up to an hour for processing now requires to be processed within minutes which has turned out to be the biggest challenge for delivery system providers. Let us discuss some of the key factors that can effect last mile delivery systems if not closely taken care of.

Cost

The cost has been a raging factor depending upon the geographical areas and the frequency of product delivery. Customers prefer fast deliveries but there occur situations when there is only a single delivery to a far off region from the nearest delivery hub but the receiver will not be present. Such scenarios create anguish on the overall expenditure for delivery systems. The last mile delivery services are estimated to comprise up to 28% of the total transportation cost worldwide.

Transparency

Technology has grown to such an extent where not only the service provider but the customer also receives alerts and updations on how the order has been processed. From the initial stage of order completion till delivery all the stages can be tracked using dedicated tracking IDs or directly from the mobile applications.

Efficiency

Producing the product to the customer at the expected time is the main criterion for efficient delivery systems. As discussed above, customers always appreciate updates and alerts via SMS and email regarding the order status and followups after delivering the products. This is one factor that can be worked on efficiently to retain customers and gain more at the same time.

Security

People now not only order groceries, food or small stuff online but has now begun to order pricey and expensive stuff such as electronics and jewelry online. In such cases, security is highly important. The products must be delivered with zero damage comprising of all the manuals, certificates and warranty papers for future communications.

Recent studies have proven that the online economy is expected to increase to more than 4k trillion dollars worldwide by 2021. Therefore, implementing the right management systems and employing the best service providers in the market is the only ideal solution to stand out from the crowd.

The Future of Last Mile Delivery Systems

Increase in demand for last mile deliveries has put a strain on technology which has come up with some great ideas that will soon come into existence. Have a look at some of the interesting concepts below.

• Implementation of the most accurate order and delivery management system for real-time updates.
• Automation and robotization are the new trendsetters in freight solutions. Technology has improved to such that you will be delivered products by robots and drones in the near future. This will become a necessity soon due to the shortage of drivers and changing labor market scenarios. From packaging, shipping and delivery robots will take up the responsibility.
• Light electric freight vehicles will be employed for deliveries to reach the goal of zero-emission transport modes. All the cargo vehicles will be electrified. This will aid in reducing the costs, especially in the central densely populated urban regions.
• Delivery hubs and centers will open up to new furbished partnerships and investments for a new economic division.

From all of these, you must have definitely reached a conclusion on the significance of the delivery system in your business. Try out the live demo on how order tracking and delivery management software works here.

Customer Satisfaction in simple terms is the satisfaction level of a customer with the purchase experience that the product/ service a company offers. Customer Satisfaction or Customer Experience is one of the top-grossing factor deciding the future of a product or service offered by an organization. Many of the leading business persons have quoted that online retailing is more of selling an experience rather than selling products.

In this worldly scenario where people find it difficult to find time or mindset to go to retail stores and buy commodities and hence opt for buying them online from reputed online e-commerce websites such as the most commonly used Amazon, eBay, Flipkart, Jabong, Myntra and Nykaa. If you are in the vision of beginning a new online business or you already have one, you might always be in thought of how these websites have come to the forefront is the people’s favorite online marketplace. And you would also definitely want to know how you can bring out a similar experience in your online business. This blog will answer all these questions in detail along with some key points to remember for customer retention as well!

This generation nowadays believes in the instant and fast life whether it is about technology, services or even food. The same applies to individual interests as well. When a user visits your website for the first time, he or she must feel that initial interest to go forward and view more of the website. As the famous saying goes, “The first impression is the best impression.”, it is a must to create your website that will catch the attention the users such that they will return to the website again and again, and also recommend the website to their contacts at the same time. Therefore, conducting intensive market research and deciding your targeted audience is ideal to know before stepping forward into the launching the business. This is possible with some intelligent Search Engine Optimization activities for bringing the website in the top list of search engines and some logically applied paid marketing to increase brand awareness.

Creating the Online E-commerce Website

Once, you begin a business the next step will be to create a website to publicize your products and services to the public, especially to your targeted audience. Installing cookies in your website that will remember the customer’s login details, previous purchases, recently viewed items will create an easier platform for the buyer to trust the website and show a keen interest in scourging through the products suggested in accordance with the recently searched ones.

Setting filters to filter out the products based on size, color, any product related factors, reviews, and ratings will create a user-friendly atmosphere. This will in return engage the customers to easily surf through the products they require easily.

When coming towards the product pages, it is ideal to add high-quality images that properly show the products and its important features. Including a product description including all the details from content, material, instructions to use, etc is beneficial in creating a well-informed customer experience. For example, if you have an online clothing store, it will be good to include the details of the material used to tailor the apparel. Also include the details regarding the design, length, size, wash, weather and the model’s size. In this era of virtual reality experiences, adding an extra feature like a 360-degree view or a video with the model will help in the customer’s decision on how the fall of the dress will be in reality apart from in the published photographs.

Previous customer reviews are now a great factor when it comes to buying products online. Hence, it is worthwhile including genuine customer reviews and ratings for every product. Nowadays, it is a trend for everyone to check with the reviews and ratings provided by previous buyers before purchasing the product to ensure the authenticity of the product.

The shopping cart is the most important part of an online business. Users will like to have better cart visibility on every page they visit for easier navigation and comparison. Executing the provision of online payment wallets apart from the traditional COD (Cash on Delivery), Net banking and Credit/ Debit card payments will ease the payment processes especially for users using the online store via smartphones.

Apart from the shopping cart, it is highly beneficial to create a wishlist option which you can utilize to suggest similar products to the user. You can use the same list to give the user special discounts or offers on special occasions as filled in the profile like on birthdays and anniversaries.

Customer Service – The key to Better Customer Satisfaction

When purchasing from a conventional retail store, we always have staff attending and suggesting products according to our requirements. Who wouldn’t like to experience the same while purchasing online? Ergo, customer support comes into the picture. If you do not have an appreciable customer support wing you are behind the eight balls. Nowadays, multi-channel contact support including social media, chat facility, email support, and call services is preferred widely. Investing in a dedicated team of patient and empathetic contact support team will help you gain a step forward in the online business game. You can check in investing a chatbot, providing automated email responses, call back facilities, support forms for better understanding and many more.

You can use an open source online store builder script like the iScripts GoStores and iScripts VistaCart that allows integrating your website with major domain registrars, and will simultaneously manage the billing and accounts management, and also provide help desk support features as well.

Role of Social Media Platforms

Social media nowadays, play a fruitful role in generating leads to businesses with its openness to engage an extensive community and reach to a larger audience. Maintaining engaging social media profiles on different social media platforms such as Facebook, Twitter, Instagram, Pinterest, Google+, Linkedin and Vimeo can help in creating brand awareness and encouraging customers to visit the website.

But this should not stay limited to posting a few creatives for brand promotion but should be keenly monitored. Also include interesting campaigns, contests or special day events to instill a fascination in the users. Such steps will help in converting these leads into potential customers. Monitoring the comments, reviews and messages that come in the page are important. Instant responses to both positive and negative reactions will also aid in creating a trust factor among the buyers. Follower building is another important activity that must be given close attention. It is important to know your targeted audience and potential leads who should be invited to follow your page.

Creating a Friendly Relationship with the Buyer

Yes, it is important to create a friendly space between the user and the provider. Just like you would thank your friend, it is important to acknowledge your customer in collaborating or participating in your business with a warm “thank you” email or even discounts or redeemable points that can be used for the user’s next buy. You must also keep up to the promises that you advocate regarding your products and services and avoid any form of compromises in its quality or quantity. Once, a customer has purchased a product from your store it is important that you provide them with proper assistance regarding the shipment and delivery. Open source order tracking and delivery platforms such as the iScripts LocoLogic can come in handy in such situations to keep a close eye on the shipment and delivery systems to ensure they reach the right hands within the promised time.

After every purchase, it is advantageous to carry out a short survey with a few questions or ask for feedback regarding the product and/ or service. Make sure that, the survey does not go longer than ten questions or require more than 3.5 minutes to fill up. Just remember, people are here on the online marketplace to save time so it is important to stay to point and precise. You can also employ follow up emails after the purchase with considering the same points in mind while sending them out.

Sending out newsletters to the website subscribers on the latest collections or latest news and events will help in creating a smooth communication channel between the customers and the service provider.

Happy customers bring in better profits and referrals that will also help in increasing your clientele base. Customers are your source of income, hence “customer satisfaction” must be your goal number one!

Customer Satisfaction in simple terms is the satisfaction level of a customer with the purchase experience that the product/ service a company offers. Customer Satisfaction or Customer Experience is one of the top-grossing factor deciding the future of a product or service offered by an organization. Many of the leading business persons have quoted that online retailing is more of selling an experience rather than selling products.

iScripts has a different way of approach on customer requirements and their projects. We really understand the pain and effort of customers during the phases of developing a solution for their dream business. We treat our each account with utmost care by assigning dedicated developer with QA through out the project. Experienced project manager for each account keeps the project on track and make sure meeting the deadlines. While iScripts meet business requirements using the innovative scripts at very low cost, we do development services at nominal rates and at this time we’re proud to share the story of a project that we did for school domain where admin and users can do ad space management at most fast and smartest method.

8to18 Digital is a unique initiative by a team of professionals created with a vision of managing youth activities such as athletics in educational institutions such as schools or campuses for young talents aged between 8 and 18. To people who are not familiar with the terminology, let us first discuss what Sales Automation is all about. Sales automation is the process where the time-consuming and manual sales process are made to run smoothly with lesser labour and hence using the remaining for better and efficient services.

iScripts has been in the game of developing customized software products with the highest quality and services since 2013. The years of expertise has gained us a lot of new learning experiences every time we engage in a project. One such project was the development of the Sales Automation Tool or the SAT for 8to18 Digital. 8to18 Digital has been a consistent customer and contacted us to render them a customized software to manage their sales process which will result in better conversion rates and optimization of the outbound sales. This platform was created to sell advertising space across its web properties, IE; to sell the available ad inventory to local advertisers.

The SAT tool provides a unique opportunity for its users to utilize and capitalize the ability for the consumers namely, the parents and students, to work with local businesses for the betterment of themselves and the institution. The tool works in a very user-friendly way where the complete process just gets completed in thee simple steps. First, is to select the school/ educational institution, second is to pick the slot and lastly is to pay.

SAT users will have to log into the platform using their unique login credentials to gain complete access to different sales tools employed in SAT such as collaterals, forums, display of the available inventory within their territory and other useful tools. This tool helps in outlining a streamlined process that will provide integrated content and performance functions to be organized in a step-by-step flow. The purpose of this is to provide a very simple and easy-to-use order entry process to complete a transaction between the client payment and billing. The software enables third-party systems to access the inventories and book slots based on which it receives priority above the usual sales representatives.

The system was mainly formulated using the following languages: PHP(LAMP), MySQL, Apache, Linux and Angular JS. The mobile application devised is integrated with the following features: Adtech, Content Management, Ad API, CRM integration, Automated Work Flow, Document Management System, and Advertising and Marketing. The SAT eases the complete sales force process which on the other hand will help in improving the productivity with the effective use of human resources and other functionalities.
You can avail a free consultation on any of our products or services, here.
Call us at 312 423 6728 email us sales@iscripts.com with your development requirements and go back with cost effective and smartest solutions for your business. Click Here for Free Consultation.

This blog is all about how barter networks work. But before that, what is really meant by the term, “bartering”? Is it some form of mere exchanging of simple goods or swapping commodities?

What is Bartering?

Bartering in simple terms means exchanging or swapping items without exchanging money or currency. In the barter system, there is a fair trade between both the parties where both of them get the items that they need in an even amount to as what they involve in the exchange process.

For example, a farmer has a few numbers of sacks of rice grain available but requires a milling machine. A vendor has a milling machine and requires a few sacks of rice. Here the farmer and vendor can take part in the barter system exchanging their commodities of equal value.

The world economy revolves around the trading system. Trading is the most basic economic concept involving the buying and selling of goods or services in exchange for money or exchange of goods or services. The concept of trade dates back to the Stone Age and was then conducted within a smaller scale of transactions and within a short radius of the region. Trade has a large significance in the journey of mankind to explore the world and not stay within geographical boundaries.

In the earlier days, the majority of traded goods were hunting tools and stones of greater value and used the bartering system for trading. Obsidian was among the most traded product in the earlier days in exchange with other commodities such as livestock, spices, metals, precious stones, etc. In the later stage, the invention of the wheel eased transportation hence brought in a lot of opportunity for traders.

Trading is hence considered to be a system that brought people together for mutual benefits apart from the conventional meetings or gatherings that were part of the customs and traditions of the regions. Trading is possible with an exchange of four different transactions.

• Coins or currency: It is the most commonly used transaction system in the present days which is not just restricted to physical currency but also as online cashless transactions with Debit or Credit cards and Internet banking.
• Barter transactions: Cashless trades in exchange for goods or services, or both.
• Virtual Currency: The newest medium of exchange such as Bitcoins, to avoid foreign exchange risks.
• Cryptocurrency: Another new exchange medium innovation using secure cryptography for secure digital transactions.

Let us discuss some common types of barter transactions.

Bartering with Consumer Merchandise

This is the basic barter system that works on the concept of, “double coincidence of wants”. Here, both parties involving in the transaction will equally benefit valued goods.

Bartering using Consumer Services

Here, a barter transaction occurs when one professional agrees to provide a service in exchange for another. For example, if Person A is an accountant and needs a legal representative whereas Person B is a legal officer and requires an accountant, they both can join hands with each of them benefiting from the mutual transaction.

Modern Advertising Services

This is the most common B2B bartering transactions involving the trading of advertising rights. In this reciprocal system, a company provides it available ads space for a second company for the right to advertise at the second company’s ad space.

Another easy example to understand the concept of bartering is a homeowner and a tenant. If you are a tenant and need a home to stay whereas you find a homeowner who would like a tenant to stay and maintain the home, there occurs a bartering deal between the two. Bartering is not restricted within a mutual transaction between two consumers but can extend to a bigger circle which can be broadly called a  trade ( exchange process involving three parties), multilateral trade ( exchange process involves more than three parties) or simply, a barter network.

What is a Barter Network?

Let us look into an example to understand the concept of barter networks. A hotel owner has a few unoccupied rooms that do not bring in any income to the hotel. He can sell these unsold rooms to a barter exchange network member and hence earn income from these rooms. The member who bought the rooms need not be the person in need for the rooms, like in one-to-one barter exchange systems but might be a service provider who can give away the rooms to a single person or many persons. Trade dollars is the medium of transaction and also buy other products or services from the barter exchange network. Barter networks are hence no direct swapping or exchange transactions but are part of a cycle of buyers and sellers.

They were the same as traditional buying and selling with physical money and requires preparing and payment of reporting and taxes, respectively or as required depending on the rules and regulations of the region of website operation.

Barter Networks erases the impractical situation that arises due to the absence and difficulty to find people to gather with “double coincidence of wants”, and hence will improve the flexibility of the complete barter exchange system.

Bartering has been in the business for a long time with its roots extending from around 9000 BC. As for every system in the universe, even bartering has its pros and cons. Let us discuss them in detail next.

Advantages of Bartering

• You can exchange or swap goods easily without involving any form of cash.
• Both parties enjoy the exchange and get the goods they need.
• The flexibility in trade options.

Disadvantages of Bartering

• It can become impractical when you will need a certain good but in exchange, the opposite party will not need your available goods.
• It can also be inefficient when the exchange will not involve an equal swapping for the value of goods.
• Inflation and deflation in the market trends can affect the trade process.
• The lack of consumer protection as the seller identity need not be legitimate.
• One cannot avail any warranties.

Such cases finally resulted in the economy to use coins and currency in exchange for goods and services.

The trend of bartering is increasing nowadays when you exchange something in a good condition but is not of use to you with someone who needs it in exchange for an article that you need from the same person or another person. Swap.com, U-exchange.com and Craglist.com are some of the used barter trade platforms. If you would like to create a professional barter exchange network website like this you can use swap clone scripts like the iScripts eSwap. The software allows you to create websites that provide options for direct swapping, or regular barter network that will use virtual currency and credit points during transactions or a mixed model that provides both direct and barter network swapping and can even use online payment gateways for the transactions. A few steps away and you will have your own online bartering network website!