Time Banking for Businesses

Save your cash for stuff.  Get services by Time Banking.

You’re probably already giving discounts, coupons or other special deals on your product or service. Increase your return on this investment by converting some of these offers into hours on the time bank – you’ll gain access to services you need at the same time gain new customers through your time bank participation.

Time banking is an alternative form of currency that is based on hours rather than dollars. Actually, we like to say it's a "cooperative" currency, as it works hand in hand with your dollars to help build your business and our local economy.

Time Banking allows businesses to conserve their cash by gaining access to a wealth of service providers who trade in time rather than in dollars.

Member businesses who provide a service can designate a certain number of hours per month they’d be willing to give on the time bank. Those businesses who provide products can instead offer loyalty points or other forms of discounts to time bank members.

Business Benefits of Time Banking

• Focus your time ON business, not away from it.
  Let a time banker step forward to take your relative to a doctor’s appointment so you can continue working at your business.
• Get access to new customers
  Let time bankers try your business using time bank hours, and many will return as cash-paying customers.
• Reward old customers
  Many time bankers are your customers already. Keep your name top-of-mind as they look for services on the time bank.
• Try out potential new employees
  Time banking is not a substitute for employment, but time bankers have shown themselves to be great potential employees through providing businesses with a taste of their services through the time bank.
• Be connected to the Lake County community (and your customers) in a deeper way
  Time banking builds community as we all come together to help one another. What better way to get more business (and happiness) than to give to another?

Networking and education
We’ll be holding webinars and meet-ups in towns around the lake to familiarize Lake Countians on the use of time banking, and to network with each other to explore possible service exchanges. Make sure you’ve joined our mailing list to be kept abreast of when and where these events are being held.