When was the last time you bartered for something? Remember what it was? Chances are that it was a direct transaction in which you paid for a product or service with your own product or service
If you’re like most business owners, you know where every penny goes. You don’t have a lot of extra cash floating around all the time. But I know that doesn’t slow you down. Barter, through an organized exchange, Barter Exchange using a common private currency, can be an excellent way to get the things you want while increasing the visibility of your business.
Bartering can benefit your company in many different ways:
-- It can help
--It can help
-- It can increase
--You can often obtain goods and services on more advantageous terms than you can with cash
-It will enhance
Barter is a no-
Here’s an important check list to consider If you’re
- Read the online reviews about the exchange and talk to existing members. This will shed some light on how members feel about their experience.
- Create your “Wish List.” You know that list of goods and services you need/want for your business. Examples: printing, web design, dental, advertising, jewelry or cleaning services. The possibilities are endless. Determine what your barter leverage is by assessing the market for the product or service you wish to trade for.
-Draw up a list of the goods or services you need or want for your business . Best know as “Wish list”(Examples: printing, web design, dental, advertising, jewelry or cleaning services).Determine what your barter leverage is by assessing the market for the product or service you wish to trade. Understanding the demand for your product/service will help you better navigate the barter universe.
-Be sure that you and your potential barter exchange offers the value you expect in terms of members and that their members trade fairly .
- Be fair and avoid making the 2 most common mistakes committed in the barter world: i
Organized barter exchanges, with their rules and system of debits and credits, can eliminate most problems that might arise in most transactions. Joining an exchange can make bartering easier and more efficient for you and your business while providing you freedom to focus on the bottom line.
BarterJuice Bits: According to the U.S. Department of Commerce, Barter accounts for over 30 percent of the world’s total business. In the U.S., over 300,000 businesses actively use organized barter in addition to cash.