How to beat the big boys in Ecuador accepting barter

Like with any small business you put in Ecuador, you’re going to have competitors with DEEP multi-million dollar pockets.

In my case for my 19 room hotel near the Quito airport, I compete with the Wyndham an international chain.

So how can a little guy like me or you when against these corporate dicks.

Of course, there’s always charge less than them.

But there’s other creative ways to beat these guys too.

Like what I started to do this week: Offering alternative payment methods.

For instance a month ago on a trip to the States I noticed many younger people in the States like my brother pay for everything with Cash App, a free phone application that connects to your bank account and allows you to make payments to other users quickly and super easy.  I now accept Cash App.

You could also try accepting Bitcoin.  It’s as easy as creating a digital wallet through an app like Blockchain.  Search for it on Google Play Store.  Download and you get a digital address people can send Bitcoin too. It has a learning curve but you get the hang of it quickly.  I now accept Bitcoin.

You could also accept barter.  Why should we be forced to always accept fiat money, aka cash?  Why not except goods in exchange for a service.  For instance, I have someone coming from the States bring me something they buy (so they can verify the contents), and on arrival I reimburse what they spent as per their receipt for the item and for the act of bringing it I offer the room free. If they item can net a $100 gain here, I now sold my normally $40 room for $100.  I now accept barter, too.  Email me if you need a room.

The big guys move a lot slower and it may be years before they adopt these alternative payment options that gives you the advantage in the eyes of some customers.

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