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Q: How do I repay my line of credit?

Answer

You simply pay what you spend in BBX by providing new sales of your business inventory or service to BBX members. Not with your valuable cash.

Q: How can I access the BBX Global Membership?

Answer

BBX members have access to the global trading portal available on APP and the web, connecting them with other BBX members around the world. BBX also has an International Trade Desk that assists in promoting and placing global opportunities.

Q: Are there any fees involved?

Answer

BBX has a once-off lifetime membership fee. Each account also pays a monthly fee and BBX charges 6% transaction fees on all trading opportunities transacted via the platform.

Q: Where does BBX operate?

Answer

BBX International has established regional offices located in South Pacific, Asean, Uk & Europe, Asia/China, and South Asia.

Q: Where is the BBX Head Office?

Answer

Our BBX International BBX Head Office is in Hong Kong. You can contact Head Office Phone: +852 300 85832 Email: info@bbxworld.com Address: 15th Floor Hutchinson House 10 Harcourt Rd Central Hong Kong

Q: How long has BBX been Licensing?

Answer

BBX has been in operation since 1993, the company was founded in Australia by Michael and Mireille Touma and has since grown into a global operation that currently employs more than 1,250 team members.

Q: How long does the License agreement term run for?

Answer

BBX international Licensing offers a wide range of terms. The current Licensing agreement has an initial term of 20 years, with 2 options of renewal for 10 years each.

Q: What happens after the License agreement term finishes?

Answer

After the initial term of 20 years, the Master License will have an option to renew the agreement for a further period of 10 years. This can then be extended with a further option of 10 years, totalling 40 years.

Q: What training and support will I receive?

Answer

You will receive initial and ongoing training from BBX. The initial training will be in Sydney, Australia. The ongoing training is either in the location of the License, the regional office or the national office, depending if it is individual or group training.

Q: What goods and services can be bought and sold?

Answer

Just about anything that represents value, there is really no restriction. Sales and purchases can either be for business or private consumption. Our members use BBX to offset their business expenses, personal expenditure, sponsorship, PR, promotions, advertising and marketing (turn spare capacity into attracting more cash business), training, staff incentives, charity, wealth creation, networking, value adding to their business.

Q: Can I use BBX for all my purchases?

Answer

Unfortunately no, not everything is available on the BBX platform although the range of goods and services increases almost daily. BBX also provides an interactive customer request solution where it will try to locate new suppliers for the products you require.

Q: How do you guarantee new customers?

Answer

We guarantee to bring you new business equal to your one-off membership fee in the first year. BBX is a closed marketing network that provides your business with an advantage over your competitors!

Q: How do I account for the BBX transactions I have made?

Answer

Simply treat your BBX account as another business account and include this on your accounting software. Your accountant will enter each transaction as a debit or credit accordingly. There are many accountants on the BBX platform that can help you with this!

Q: How can I tell if I am operating at 100% capacity?

Answer

If you can accept a new customer without having to outsource, sub-contract or increase fixed costs then you have spare capacity.

Q: How do I gain something that is unavailable to me?

Answer

Inform your account manager and they will make a request to our new accounts department to source the goods and services you are looking for. Alternatively you can help us help you by referring someone you may know who sells the required goods or services (not only do you in turn save cash but also you can earn extra income under the Ambassador Programme).

Q: What is the role of my account manager?

Answer

Your account manager has three primary roles. They will promote your spare capacity into the global BBX network.Your account manager saves cash in your business or improves your lifestyle by connecting you with suppliers of goods and services in the BBX network. Thirdly, they will network you with fellow business owners on the platform and shares trading tips.

Q: Is BBX income taxable?

Answer

If a transaction is currently taxable then in all probability it will be taxable if transacted using the trading platform. Conversely, if you currently purchase a good or service where you get a tax deduction this will continue to be so when you pay by BBX. We advise all account holders to consult a properly qualified accountant (there are many available on the platform).

Answer

If a transaction is currently taxable then in all probability it will be taxable if transacted using the trading platform. Conversely, if you currently purchase a good or service where you get a tax deduction this will continue to be so when you pay by BBX. We advise all account holders to consult a properly qualified accountant (there are many available on the platform).

Q: How much should I charge or quote on BBX?

Answer

The simple answer is whatever you would normally charge or quote without discounting! However if you wish to discount, it is usually not expected but feel free to do so if the circumstances warrant. Ask yourself, “If I was buying from me, would I be happy and recommend myself to a friend?”.

Q: If I am selling my spare capacity, when should I do the work?

Answer

When you next have an opportunity without taking away a cash sale.

Q: What are my consumer rights?

Answer

Exactly the same as if you were buying with cash, cheque or credit card. The law does not differentiate, and normal consumer protection laws safeguard buyers in respect to things such as warranty and faulty goods. The conduct of business through the BBX platform does not remove the normal risks associated with buying and selling, and normal precautions should be taken.

Q: How secure is the trading platform?

Answer

We own all our infrastructure including e-commerce systems and support tools. In addition we operate a cloud based system where every transaction is traceable.

Q: How do I close my BBX account?

Answer

There is no contract period or restrictions on closing. However if your account is in deficit, you would be required to settle this amount by offering your products or services back into the network to settle the account. If your account is in credit you simply spend the credit down to zero by buying goods and services from fellow BBX account holders.

Q: What is spare capacity?

Answer

Spare Capacity is the ability to take on more business without increasing fixed cost. Spare capacity is also known as “downtime, excess inventory, unproductive/unsold assets or deal capital”. Unsold appointment time, empty hotel rooms, unsold venue passes, unfilled advertising space, rapidly depreciating stock, end-of-line items or oversupplied products all represent lost revenue which otherwise will never be recovered. It is BBX’s mission to transform this otherwise lost profit into new income and investments for corporations and companies