Cash conversion ideas
You can use the income generated from your sales to Ormita members to create more cash. Here are some suggestions:
- Use Ormita Credit to buy products for your business and free up your cash.
- Invest in a business using Ormita Credit.
- Donate your product to an Ormita Approved Charity and receive tax rebates.
- Buy a car, house, office etc with Ormita Credit and keep it or sell it for cash.
- Take your friends to a restaurant and pay the total bill using Ormita and collect their portion of the bill in cash.
- Buy fitness club memberships with Ormita and sell these to your friends.
- Buy advertising space and use it to attract more cash customers or sell the space for cash to another business.
- Create a benefits package for your staff and include discounted goods or services that they can purchase from you with cash (and that you purchase using Ormita Credits).
- Buy a car for your child and have them repay you over time in cash.
- If you belong to a medical benefits scheme you can pay your health costs with Ormita and receive the refund in cash.
- Buy something on behalf of a church or charity and get a full or partial refund from them in cash. If you do not want a refund then you may be able to claim it as a tax deduction.
- Buy tickets for attractions and sell them for cash.
- Purchase staff gifts using Ormita and keep the money saved.
- Join an investment group with other Ormita Members. Buy property together and repair it using Ormita Credit and then sell it on for cash.
- Pay for family and friends accommodation with Ormita Credits and get them to reimburse you in cash.
- Rather than give a discount, purchase products with Ormita Credits to give as a “reward” to your customers, thereby protecting your existing cash profit margins.
- Buy wine and sell it to the public for cash (restaurants).
- If you belong to an organization that needs to rent a conference centre or accommodation use your Ormita Credits and have the organization repay you in cash.
- Buy vouchers for restaurants, hotels, entertainment venues and resorts and sell them for cash.
- Buy additional equipment which you can hire out to others for cash.
