There’s a lot of discussion about fees. Should I charge a transaction fee on purchases or on sales. Or perhaps, on both. Should I charge a monthly fee? Cash or trade. Or both? How much should it be? What about a new member set-up fee? Can I charge $395? $595? What’s the right amount?
While there is no single right answer, there is a method to determine the best fee structure, where you can be competitive, yet earn a living.
More coming, so be sure to check back soon…
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I am interested in starting an exchange in Cache County Utah. Our area is about 112,000 residents. Is my area large enough to be successful
Absolutely. Having a local exchange with just 300 members (just 3/10th of 1 % of the residents) will generate about $4 million/year in trade transactions and about $175,000 to $200,000/year in cash revenues. How can we help you get started?