Archive for Save Money Barter

Benefits of Online Bartering

Let’s talk about barter. We all know the concept because we do it all the time. It’s in our genetic program (I believe) to trade and reciprocate. When we were little we swapped sandwiches for lunch, exchanged clothes or accessories, toys and so on. It’s a human instinct to negotiate, compare and trade. Done correctly, it’s a classic win-win situation: both parties gain a benefit.
Bartering is an old concept from the times when there was no currency. You might think now that we have money, things are much less complicated. But in fact they are not. Using money in situations you wouldn’t have to can be a waste. And why not gaining double benefits by finally getting rid of an unwanted item and receiving a needed one instead? By doing so you also contribute to a greener world by conserving resources (basically you recycle).
I’ve talked about bartering in general. Now, what are the concrete benefits of bartering online? Are there benefits at all? And how does that work anyway?
Let me tell you, there are numerous benefits. First of all, thanks to the internet as a driving force of globalization, we can reach people all over the globe – within seconds! This is a very interesting aspect when it comes to trading. The potential group of people you could trade with becomes almost infinitely large. You can basically reach millions of people in split seconds. This brings me to my next point: it’s efficient! There is no longer the need to reach out to people who might have what you want and who might possibly engage in a trade with you and meet them personally. Also, there is no reason to be embarrassed. Being part of a barter network means you’re among like-minded people. We understand people who don’t feel like asking the dentist whether they can pay with apples instead of cash.
Bartering-Tips-For-Online-Business-300x300
Another aspect that should be considered is the fact that people who join online trading communities come from different backgrounds and join the network for different reasons. This increases the chances for you to find a matching trading partner.
You can basically go online, register (which only takes a few seconds at http://www.barterquest.com) and your successful trade is only a couple of clicks away. You don’t need cash or a credit card, simply ship your item to your trading partner or perform the negotiated service (or provide your Real Estate). Speaking of goods, services and Real Estate: you can barter with all three categories, meaning BQ will let you trade the temporary use of your house with a car or the service of a nanny and so on (you get the idea).
So why don’t you become a member of the BarterQuest network today, make your lifestyle greener, save money and have fun? We’re looking forward to welcome you in our community! http://www.barterquest.com.

Karin

Why barter?

Originally on http://thriftyandgreen.com/content/saving-money-bartering

Few of us are immune to the pressures of living in these challenging socioeconomic times. However, we often perpetuate our struggles to save money by solving our day to day problems through spending. Often it is for the sake of convenience; time is another resource in short supply, so we pull out our wallets and spend. Bartering relies on a completely different type of currency – one of creativity, energy and time. In an ideal situation, everyone’s needs are met by exchanging goods and services of equal value. Not a dime need be spent. Since everyone has something to offer that someone else wants or needs, bartering is something anyone can do. I often exchange favors with my brother, which works well as we each have different skills to offer. Recently, I traded several haircuts for his willingness to deliver and install a dishwasher. We also occasionally need an hour or two of childcare, and enjoy spending time with each others’ kids. Win-win.

community_people

How to Start Bartering

Make a list of skills you have to offer. Think about what you do at work (after all, if someone is paying you to do your job, your skills are worth something). Are you a quick typist and an expert at formatting documents? There is someone out there who could use help with updating a resume. Are you an accountant? Come tax season, everyone will want an hour of your time. Do you troubleshoot computer glitches? Your time is valuable to most of us year round. Now think of services you can offer that don’t require professional expertise. Could you house sit, pet sit, dog walk, de-clutter a closet or entire home, clean carpets or prepare meals? Could you offer storage in your garage or home, or a room or bed to a traveler? Are there things you love to do that you could teach someone else? Did you play basketball in high school and have time to coach your neighbor daughter once a week? Could you teach someone to play bridge or the cello? I bet your energy and time are more valuable to others than you realized. The next step is finding others to barter with. Spread the word among family, friends and neighbors. Use social media to seek out and organize a network of like minded people who want to share skills and time rather than spend money. Create an ad on Craigslist, and search the site for the people interested in exchanging services. Individuals and Business owners should check out bartering networks that have been created to help people and entrepreneurs trade services with each other and other businesses locally, nationally and internationally.

Other Benefits of Bartering

Bartering depends on good will between parties. While you can spend your money anywhere and walk away, bartering requires voluntary cooperation. As you begin to trade your time for someone else’s, you will find yourself living a life of connections rather than a life you may think of as self-sufficient – using money to hire strangers to solve problems. You will find yourself thinking about how you can take care of others as much as you think about getting your needs met. Most people believe in returning kindness for kindness; it’s something we do, like returning a borrowed cookie sheet with a fresh batch of baking. Feeling helpful and appreciated are essential to our sense of well being and self-worth. By finding ways to help each other save money, we can create a healthier and caring society.

Bridal Bartering

Originally on http://www.brides.com/wedding-answers-tools/wedding-timeline-budget/2009/05/bridal-bartering

While planning their November 2008 wedding in Los Angeles, Leen Lim and Win Dong were eager to save money. As painters who have day jobs in creative fields (she’s a graphic designer and he’s in the custom framing business) they knew they could use their talents to make sure the wedding was affordable and lived up to their aesthetic standards. But while Leen was able to sew the tablecloths and design the invitations, there were some services beyond her capabilities. So they decided to leverage their skills by bartering. They traded frames from Win’s company for wedding photography, which worked out nicely for both parties. And the DJ, chosen for his preference for jazz and old standards, agreed to spin discs in exchange for business postcards designed by Leen. All told, she estimates they saved 30 percent of their total costs through these trades.?Bartering, the exchange of goods and services instead of cash, has been around since one caveman needed something another caveman had. While it has always been a steady, if relatively unknown, part of United States commerce, the troubled economy has thrust it into the spotlight. The National Association of Trade Exchanges (NATE), based in Mentor, OH, estimates that trade activity in barter businesses has grown more than 15 percent since 2006. U-exchange.com, a free online barter exchange service, reports that unique page views jumped from 385,931 in July 2007 to 512,285 one year later.
001_primary
Bartering for a wedding was once considered déclassé, but wedding experts say that there’s no longer much of a stigma associated with it. At a time when many budgets run $30,000 or more, “Couples are trying to get creative with how they finance their weddings,” says Samantha Goldberg, a planner based in Chester, NJ. “We told anyone who asked that we bartered with our vendors,” adds Leen. “Everyone said it was a smart thing to do.”
That’s what Tom and Nichole Nynas discovered when they bartered Tom’s graphic design skills in exchange for photographs by well-known wedding photographer Liz Banfield for their 2000 wedding in Duluth, MN. Way ahead of the trend, they knew they couldn’t afford Banfield’s prices and were delighted when she agreed to a trade. For her part, Banfield was early into her photography career and not only had time in her schedule but also happened to need some high-quality graphic design help. They drew up a contract in which Tom agreed to create a new logo and design for her business cards and stationery, and Banfield agreed to shoot their wedding.

Think barter, grow richer!

Originally on http://kofiboahen.com/?p=41

Bartering is fast becoming an increasingly popular business growth strategy. The U.S. Department of Commerce estimates that 20% to 25% of world trade is now done in barter. Corporate barter is now a 20 billion dollar industry (corporate barter is only one type of barter). Everyone from business corporations on the New York Stock Exchange to small home – based businesses are jumping on the barter bandwagon.
Judging from all the emails I received from my previous barter article (if you missed it, you can read it on my blog, quantumprofits.blogspot.com). I intend to really delve into specific barter strategies that companies can easily replicate to lower their expenses and by default boost their profits. These strategies I will be discussing are highly valuable in the sense that they are very practical and more importantly if they are applied properly, companies can rake in millions of Cedis in profits depending on the size of the company’s operations.I have not only discussed the issues but I have included real – life cases of companies practising these barter strategies and profiting immensely from it. My idea is to show you that these strategies really work and that your company can and should also take advantage of these opportunities.

Save-Money-1-537x402

1) Save cash on capital and operating expenditures
With the right barter system incorporated in your company’s marketing and procurement strategy, your company can save large sums of money. Once your company has clearly identified the capital items needed, be it computers or cars; the company can then contact a competent Barter consultant (BC) to help identify the appropriate swap partners and to ensure a smooth transfer. It usually becomes very necessary to use the services of a BC if the swap is not direct. The BC will usually introduce other parties into the transaction to ensure that the deal goes through smoothly. In the same vein, barter can be adopted in financing operating expenditures at huge discounts. Once the company identifies all key operating cost centres such as internet expenses, telephone charges, fuel charges etc. The company then works with the BC to identify companies who provide such services. The BC will then have the responsibility of ensuring that your company receives what it needs without necessarily paying cash. To do this, the BC will also have to satisfy the supplying company, sometimes this requires the introduction of a third party who wants your products and has what the supplying company needs. To illustrate, recently a client of mine (a major player in the media industry) financed large portions of its capital items including cars and computers and also key operating expenses such as yearly internet services as well as end of year employee gifts (flat screen TVs) through barter. The company thus saves millions of Ghana Cedis by adopting this system of business.

2) Vastly expand your available advertising budget without any cash
An international air courier company in competition with Federal Express hired a barter firm to help finance its entire advertising campaign. The barter firm secured the advertising for the company and paid not with cash but in air courier credits. The barter firm’s job in this case was to convert the credits into cash (only to new non – existing clients) for onward payment to the media house. In the end, the courier company enjoyed its advertising up front, kept its cash reserves intact and more importantly lots of the cash conversion barter sales (some of which were Fortune 400 companies) have continued to use the air courier on a full–cash–paying basis long after their barter credits were used up. So far, in the eight years since the original trade was done, nearly 24 million worth of resulting “cash continuation” business has occurred as a lucrative “by – product” of the initial one – time barter transaction.
Whiles this example is foreign, it is entirely practical in Ghana. For instance in the last couple of months, my company (QuantumProfits Consult) helped negotiate a barter advertising deal worth over GH 80,000 carried out by a major furniture outlet across different media without a cedi changing hands. Apart from the company enjoying increased business, brand awareness and recognition from the advertising campaign, it has also enjoyed lots of referral business from the customers who bought the bartered goods from us thus leading to huge residual benefits for the company.

3) Finance rapid growth without cash
Carnival Cruise Lines, a Florida based cruise line, which is now one of the largest cruise lines in the world started with a single ship and very little operating capital. The company through its barter agency traded empty cabins for radio, television and newspaper advertising in 100 cities over a ten-year period. The underlying philosophy was very sound. First, the cost of an empty cabin once the ship sails is minimal. Second, the passengers usually spend considerable cash in the bar, casino, gift shop and shore excursions, thus the net cost to the cruise line to fill an empty cabin was literally zero. Stated differently, they made massive profits off the bartered cabins being occupied instead of going out empty.
The strategy yielded huge dividends; they used the technique to become one of the largest cruise lines in the world and continuously advertised in 100 cities for more than 10 years without ever paying cash. More importantly the company generated over a $100,000,000 in revenue. The owner of the cruise line is now on the Forbes billionaire list. It all started with one thirty year old ship and heavy barter advertising.
This strategy is very practical for companies within the hospitality and airline industries which have very perishable services. With the right barter strategy in place, such companies can advertise very heavily to raise more revenue during the yuletide period as well as create a strong brand in the long term. For hotels in particular who usually shun advertising as a result of revenue difficulties, barter is a wonderful option. This is because, apart from the fact that they can now get the all the advertising they want without paying in cash, people who purchase the barter credits still have to buy food from the restaurant as well as pay for other services the hotel offers, hence generating more revenue for the hotel.

4) Continuously generate a steady stream of profit at far above close – out prices
A major Japanese auto manufacturer had 1,000 cars that were in the U.S. that they had been unable to sell. With the help of a barter agency, the company bartered the cars to radio and television stations in selected markets at full retail prices. The advertising credits was used to introduce a new sports car that become a runaway success but which the company could not afford to previously run advertisements for.
The bottom line, the cars were sold at full retail prices and millions were saved on the advertising schedule and the introduction of the new sports car became the basis of a blockbuster success for the auto manufacturer due to continuous brand awareness and visibility as a result to the advertising credits it acquired solely on trade.
This barter strategy is also very practical for manufacturing concerns as well as importing companies, who may usually have a need to move out old stock to make way for new stock or new models. Rather than sell at heavily discounted prices which can create holes in the company’s account statements and create problems with stockholders, barter may be a smarter option which allows the company to sell at fair prices without affecting the company’s brand as well.

5) Employee and stockholder benefits
Many companies issue employee and stockholder benefits in barter either for the company itself or for other bartered goods or services they have acquired. Christmas presents, sales bonuses, customer inducements can all be given without using cash. For instance, most of my clients do not use cash in buying Christmas presents for their staff. My outfit is very busy now bartering from flat screen TVs to hotel credits to be given to various employees for their wonderful service during the course of the year. Honestly, your company can and should be doing same.
Truth be told the barter strategy is no discriminator of businesses, as long as your company produces a product or a service that has value to a certain customer group, your company has what it takes to cash-in from incorporating barter in your marketing and procurement strategy.
After reading all these specific barter strategies and the accompanying examples, I’m sure you are wondering which strategy is right for your company. Well that’s the million dollar question. Finding out the best strategy for your company and implementing it properly could see your company slashing its cost down significantly and automatically improving profits. As I usually say, nothing substitutes for good professional advice. It is time to have a chat with a competent BC. The BC will help you find a good barter strategy as well as integrate it in your system with little difficulty so as not to completely upset your established organisational plan. Trust me, if you really want to get on the barter bandwagon, that’s the best advice you should heed to.

Master Bartering: Strange Ways to Save Money

Originally on: http://www.savingadvice.com/articles/2011/09/29/107785_master-bartering-strange-ways-to-save-money.html
By: Jennifer Derrick

A couple of weeks ago, I wrote a piece about how to master haggling to save money. This week I’m giving tips on how to barter successfully. Like haggling, bartering isn’t often done in the U.S. I think part of it is because, as with haggling, people are embarrassed to barter. Some people feel uncomfortable suggesting that they trade resources or talents. We also lack many of the close community relationships that make bartering easier. When you’re close with your neighbors, church members, or coworkers, there’s a lot less discomfort in trying to arrange a deal.

Bartering is nothing more than trading one skill or resource for another. Maybe you trade an hour of mowing the lawn for an hour of babysitting your two-year old. Or you trade some old clothes that your kid has outgrown for some books that your neighbor wants to get rid of. No money changes hands when you barter and that’s the beauty of it. Each party gets something they want or need, but they don’t have to pay for it. If you want to try to barter, here are some tips to get you started.

article-page-main_ehow_images_a06_tn_ak_barter-car-800x800

Know what skills or resources you can offer: Think about your skills and resources. Can you sew? Fix computers or appliances? Do yard work or babysit? Build a deck? Make a website? Do taxes? Do you make great jelly? Maybe you have a lot of tools or landscaping equipment that you could loan to someone. Inventory your stuff and think about what might be in demand. Everyone has some skills or resources that can be traded. Once you know what you can offer, you can begin to think about what you might want.

Be specific about what you want: When looking to barter, be very specific about what you want. Simply saying, “I need someone to clean my house,” isn’t specific. Potential trading partners have no idea how big your house is, how dirty, or what you mean by, “clean.” A better way of phrasing it is, “I need someone to clean my 1,200 square foot house once per week, including vacuuming all carpets in the common areas, cleaning one and a half bathrooms, and mopping the kitchen floor. I’ll handle the bedrooms and provide all cleaning materials.” When you get specific, people who might want to trade with you can better determine if what they can offer is comparable in value to what you want.

Assess the value of what you want vs. what you’re offering: While “value” is often subjective, it is possible to assign a value to the skills/resources you’re offering in comparison to those you want to acquire. The first place to look is on the open market. What does what you want cost in the marketplace? If an hour of cleaning is $100, you need to offer something that’s approximately the same price. If your tool rents for $20 per day, you shouldn’t really ask for an hour of cleaning (at $100) in return unless the person wants to rent for five days. Look online or call some local businesses and ask what they charge for what you want and what you can offer.

Identify people you might trade with: There are many ways to find people who might trade with you. First, think about who might need what you have to offer. Then think if there’s anything they can offer you. Maybe you’ll come up with a neighbor who has a broken deck you can repair and you know she’s good with computers and can take a look at yours which has been acting up. If you want to move beyond the realm of people you know, you can advertise on Craigslist or in your local want ads. You can directly approach business owners in your community. Maybe you can offer to clean the gym in exchange for a free membership. Finally, there are bartering clubs that you can join, both online and off. As with anything, make certain you aren’t dealing with scammers. Find out as much as you can about the people you’ll be dealing with and try to avoid getting ripped off.

Don’t take advantage, or be taken advantage of: If you’ve agreed to do five hours of labor and you reach that point, don’t let your bartering partner talk you into more unless you are getting more, too. I know a guy who does construction work. He bartered some car repairs with someone who needed a garage finished. Both tasks were valued about the same. Well, after my friend completed his work, his bartering partner kept pushing for more. Being a nice guy, my friend did some of it before he finally put his foot down and said that the deal was no longer fair. Since he didn’t need any more car repairs, the other guy had nothing to offer to continue to make the deal fair. My friend was being taken advantage of and finally had to walk away, leaving bad feelings on both sides. Don’t let yourself be taken advantage of, and don’t be the schmuck who’s always pushing for more.

Be fair: You want to strike a deal that’s fair to both of you and leaves you both satisfied. If you can’t agree on terms, it’s better to walk away than to try to push the other person into a deal that doesn’t fit. There are a lot of potential trading partners in the world. Don’t use guilt or threats to try to force a bartering deal.

Bartering, done well, can be a great way to save some money. It is also a great way to build relationships amongst neighbors and other communities. Nothing brings people together like striking a good deal.

You can also use it as a springboard to bigger things, in some cases. If, for example, you trade some jewelry you made with a few people for some other things you need, word might get around that you make nice jewelry, resulting in paying customers. The same applies to skills like graphic design, computer maintenance, landscaping, or tutoring. You may end up not only saving money but making money, as well.

Barterer’s Market: Swapping for what you need

Originally on http://www.elgavibe.com/?p=2689
by: Cody Wetmore

We don’t always have money to spend, but we’re never without a need for goods: groceries, shelter, transportation, entertainment… you name it, someone’s looking for it. Instead of sulking over a lack of funds, why not ask for a trade? If you can find the right person with the right need, the stuff hidden in the back of your closet, a specialized skill, or some time can be just as good as gold. The beauty of bartering is that neither party has to pay a dime.

Use what you’ve got

The first step to successful bartering is looking at what you have. There’s no use trying to make a deal without having anything to trade in return.

  • Stuff. What’s lying around that you don’t need anymore? You’d be surprised at what people are willing to trade for.
  • Skills. Many skills you consider commonplace can seem like magic to the right person. Imagine showing an elderly person how to use a word processing program, teaching a college student to perform bicycle maintenance, or creating a website for a local restaurant.
  • Time. The most valuable asset of all. If you spend evenings watching TV, consider using this time to perform simple services like watering a garden or looking after a vacationer’s cat.
  • All value is relative

    Finding the perfect barter buddy isn’t easy; bartering takes patience. Every person’s estimation of value is different, and you need to find someone who values your assets on par with theirs. When finding someone to trade with, keep these things in mind.

  • Needs of the other person. An ugly sweater collection probably won’t be worth much inArizona, but it could be worth a lot to a hipster inSaskatchewan. If finding a local trade is difficult, try broadening the scope.
  • Timing. A ticket for a sold-out concert could be worth ten times the initial price the night of the show, but it won’t be worth anything the next day.
  • Appraise realistically. Barterers won’t care that your Star Wars poster was a gift from grandma. Assess the value of your trade objectively by comparing the monetary value of similar items on Craigslist and eBay.
  • There’s a marketplace for everything

    It’s time to find someone to trade with. While trading with a neighbor is certainly the fastest option, there is no guarantee that you’ll want what he/she has and vice versa. Online bartering sites allow you to post and search for items. They’re usually grouped by state or community, which can limit your scope. However, these tools can also be used to broaden the search to connect with a wider range of people.

    Craigslist’s barter section is a popular choice among barterers, but there are a variety of other sites, like baarter.com and u-exchange.com, that provide the same service. Some bartering sites cater to specialty audiences: swapstyle.com lets you trade clothing, zwaggle.com has parents trading old kiddie stuff, and tradeafavor.com deals in–you guessed it–favors. You can even trade intangibles, like time, through timebanks.org. Whatever the item, chances are there’s a forum to trade it at.

    In good faith

    Bartering is based on trust. In other words, you have to hope that the other person will provide the agreed item or service. Since this is the unfortunate risk of bartering, those who cannot afford to get ripped off would do well to trade locally. This doesn’t eliminate the risk altogether, but you have the added comfort of face-to-face transactions to help make sure everything is on the level.

    Bottom Line: Bartering has flourished through the recession. Between January and February of 2009, bartering site u-exchange.com saw 1.1 million page views. We all like to earn money, but in tough financial times, trading can just as easily get us the things we need.

    An unsung marketing tool: business barter

    Originally on http://www.theglobeandmail.com/report-on-business/small-business/sb-marketing/sales/an-unsung-marketing-tool-business-barter/article2142109//
    By: Ryan Caligiuri

    I think of marketing as being all about finding the right strategies and tools to help your company grow.

    That means everything from finding competitive advantages to implementing multiple lead-generating programs to using a variety of ways, from traditional advertising to social media, to spread the word about what you have to offer.

    ou also have to have in place strategies to keep costs in line – and find ways to get products or services your company needs to grow that you would normally pay for with cash, but which you might not be able to afford.

    That’s where one of the oldest and most underutilized tools in the entrepreneur’s tool belt comes in. It’s called business barter.

    It’s not rocket science and it’s not new, but for many small and cash-strapped businesses, it can be a very effective part of the arsenal for growth.

    Running a small business, I like to keep my cash close and have to be careful about how I spend my money. I don’t want to spend on things I know I can barter for when I want something from someone, and I can give them something — my marketing services — in return.

    Think I’m kidding? I’ve used barter for the last eight years to acquire everything from marketing materials to office furniture to a company car. Right now, I have three barter deals going for a complete website redesign; for a company rebranding (logos, business cards, etc.); and…for suits and ties.

    Barter background concept glowing

    Bartering can help your company look and act the part.

    A former client really wanted to give off the image of being an artsy and forward-looking organization. Its furnishings didn’t go with the image.

    So it bartered its marketing services with a furniture retailer — and when clients saw the new, higher-end and more artsy furnishings, they commented on how much they matched the company’s branding.

    Companies have not only saved money using business barter but have also created revenue streams out of these transactions.

    Take, for example, a small radio station in Florida.

    It was having a tough time making revenue to keep its doors open, so the owner decided to trade his product – advertising – for other products and services.

    His first barter transaction was to swap advertising time on his radio station for about 1,000 electric can openers.

    Most might look at this and see no opportunity, but the owner saw plenty and decided to try to sell the can openers over the air.

    After a very short time, he sold them all, and made enough money to keep the station open.

    But he didn’t stop there. He decided to continue trading products and services for advertising time. Continuing on this path, he turned that once-struggling station into a company that now generates about $1-billion a year in sales.

    That company, by the way, is now called the Home Shopping Network.

    blogpic

    There are two types of barter that a small business can explore: a one-to-one trade or triangulation.

    One-to-one trades are the simplest form of barter. You simply go to the most suitable business and propose a trade of your product or service for one of theirs.

    One-to-one trades can also allow small businesses to enjoy significant cash savings, because they can trade something at retail for something of equal value in the marketplace.

    For example, you might trade something you have to offer for $10,000 of equal retail value that might have only cost you $1,000 to develop. You end up saving yourself $9,000.

    The other form of barter is called triangulation. That’s when you involve three or more transactions in a barter deal.

    This form of barter comes in handy when the straight one-to-one transaction doesn’t work out because your initial partner is not interested in your product or service.

    In that case, you can find another partner with something your initial partner may want. Get control of that product or service and then go back to the initial partner and complete the trade.

    For example, let’s say you’re a creative agency and need new furniture for your office. You already tried trading your creative services with a furniture store but it wasn’t interested. So you ask what it would like. The answer: New carpets.

    Knowing this, you go off to find a business that deals in carpets and propose a trade of $10,000 worth of carpet for $10,000 of creative services.

    If they agree to the trade, you now control $10,000 worth of carpeting and can go back to the furniture store and trade it for $10,000 worth of furniture that you need for your own business.

    If you’re going to try bartering, start with someone with whom you have a level of rapport. Maybe you know Web designers, graphic designers, printers or advertisers who might benefit from your products and services. If not, try out your first triangulation deal.

    Be flexible and make sure you come up with a win-win proposition. If someone else charges more hourly for their work than you do, you may have to offer more hours of your time for less of theirs.

    Think about the things that are missing in your business that you can’t afford to pay cash for but that would help your company grow better or stronger. Focus on going after barter deals for them.

    Whatever you decide to do, start small. It will allow you a chance to refine your pitch, get comfortable with the process and become a seasoned specialist in business barter.

    Some Benefits Of Using Bartering For Your Small Business

    Originally on http://www.freefinancialtoday.com/2011/08/19/some-benefits-of-using-bartering-for-your-small-business/
    By: Jules Vandermint

    Bartering is becoming ever more popular as a method of commerce. The US Department of commerce says that between 20% and 25% of all of world trade is now done through this sort of method. As such, if you are setting up a small business then it is a good idea to take advantage of this tool. If you do choose to do this, here are some of the main benefits of using bartering for your small business.

    One of the main benefits is the fact that barter increases new business opportunities. You can attract customers and referrals who would not have known about your business had you not joined a Barter network. Members of the network will be a lot more likely to choose you over your competition as there will be no outlay of cash and you can instead use Barter credits. This will then increase your cash sales due to the additional exposure and through referrals.

    2col_lg_handshake_clock_bg

    Barter will also expand on your customer base. You can maintain your current customer base while continuing to expand on it through your network. If you offer a better service to your current customers then they are far more likely to pass on word of your service to others and therefore this will begin to increase your overall customer base.

    The lifestyle that you lead will also improve as well. Being part of a network offers numerous benefits one of which will be the option of being able to use barter credits rather than real cash when you pay for different services and transactions. In addition to this, if you find a service that you require that is not part of the network you can then recruited then into the network and get a bonus for doing so.

    When you want to join a network it is certainly possible to find numerous ones online. The idea that you do not have to live in any specific state joined a network is also a massive benefit.

    These are just a few primary advantages that you will see when you join a barter network.

    Learn How to Barter Before You Need To

    originally on http://www.associatedcontent.com/article/8281075/learn_how_to_barter_before_you_need.html?cat=25 by Cheri Majors

    Make Bartering a Game

    The potential for bartering is available wherever you live, between neighbors, friends, and businesses. By starting small and turning it into a challenge for your family, see how long you can go without using any money, only bartering for necessities.

    In my years of teaching young children I discovered that any curriculum turned into a game, or challenge, makes learning (and teaching) much more fun. Because bartering may quickly become a necessary means of exchange, it would be best to begin learning now, before you have to.

    Practice Makes Perfect

    Practice barter trading with your family members as a game. If you need pointers watch how your kids do this between siblings, and friends, with their toys, clothes, and games.

    Challenge yourself by using bartering skills, going as long as you can without using money. Expect to fore-go fast-food stops, movies, and other forms of entertainment, unless you have inside contacts with coupons, freebies, or promotional items to share or trade.

    You may be able to barter/exchange with them for goods and services at your disposal, so ask. Bartering clubs have been forming and would be a great place to register and get started (see the listings on the last page).

    Family Necessities

    Figure out what your family needs on a daily, weekly, and monthly basis, listing these items along with local contacts to explore. Examples might be a local dairy farm to secure milk products, or discussing trades for veterinary services, if you have your own livestock.

    Local markets and corner businesses are usually more responsive to trades than are the larger corporate, owned and operated grocery store chains, or discount emporiums. Get to know the small business owners in your town, along with the road-side produce-stand operators.

    Obtain a local area Chamber of Commerce business members’ roster for small, independently owned and operated businesses. Your church directory may also list the businesses within their membership, or advertise in their weekly or monthly program brochure.

    Family Skills and Services

    Create another list of all your family’s skills with which you will be using to barter. List hobbies, crafts, and skills your family already has, as they will become your bartering currency.

    These skills can include anything from quilt-making and carpentry, to dog grooming and raising chickens. Also include service skills such as teaching, baking, gardening, or health care.

    Many skills can be taught to others while producing “sale-able” products, such as baking, gardening, metal work or carpentry. Your family’s skills, hobbies, and crafts will become your currency/spending account.

    Bartering Clubs

    Check out these online bartering club sites and directories to find availability in your area, or start your own. The one I am most familiar with is “BarterQuest.com”, where their motto is “Post and Trade for Free!” For a directory listing of bartering clubs and resources, for commercial or individual use, try “Barter Site Directory” online.

    Most bartering clubs will offer free memberships for the first month. But you could end up paying monthly fees, straight from your bank account, so read the fine print first. Keep in mind the monthly fees may total more than the services are worth, so practice free bartering now.

    Commerce – Barter In Times Of Trouble

    originally on http://projecttz.com/?p=3419 by Phil Palij

    Money is a medium of exchange and a store of wealth. It is very easy to fall into the trap of thinking that no trade or commercial activity can take place without money, it simply isn’t so. In this age of economic uncertainty individuals and countries all over the world are once more discovering barter. So what exactly is it and how is it done?

    China, India, Iran a Modern Example

    1. Problem – China owes Iran $30Bn for oil.
    2. Problem – India owes Iran $5Bn for oil.
    3. Problem – International oil payments are made in $US
    4. Problem – International sanctions for the last two years means no $US dollars can be paid over.
    5. Problem – Trade ceases; OR DOES IT?

    Resolution

    Oil is vital to energy hungry developing countries like China and India so the way out of the crises brought on by sanctions is to negotiate an exchange of goods and services of equal value with Iran for past oil deliveries and future ones too, no ‘money’ changes hands. It is an example of a modern barter deal.

    Trade without money?

    While barter may seem an old fashioned way of trading in a digital world where billions of dollars flow across continents in a nano-second, but as you can see in the example above it still has its place in the economic toolbox of any nation, and of course any individual. It is not complicated and it is a simple truth.

    You don’t need money to trade.

    We are looking at barter systems for individuals, small business and communities, helping them trade anything, absolutely anything without the need for money. Money still has an important role in, but you don’t need it, what you do need is negotiating skill and faith in your trading partner.

    Advantages And Disadvantages

    Advantages

    • Trade for skills, goods and services can take place without the need for money
    • Encourages new business activity in the present expecting to be ‘paid’ for it at some date in the future.
    • Empowers the individual to offer skills, labour and services when he or she has no money.
    • The environment benefits because existing products are traded without the need to create new ones, conserving resources.
    • Barter can be used as part of a deal letting you hold on to your money

    Disadvantages

    You have to remember that the disadvantages of barter are what caused ‘money’ in commerce to grow in importance, that said, with a little creativity and determination and the advent of the digital age the barriers to its increasing use are coming down.

    • You have to find somebody who has what you want and of course they want what you have and at the time you are both looking.
    • Once you have found a potential trading partner you need to agree how much of your stuff you are willing to trade for some or all their stuff.
    • Barter between friends who know and trust eachother can be done in relative safety. Trading with strangers at the other end of the country who you have never seen before is a risky business.

    Some Barter Systems Around The World

    With the aid of digital technology and the internet the world of barter can be taken to a very sophisticated level:

    Australia

    Barter may have been a poor relation in recent times but that is changing. A Queensland company set up BarterCard in 1991 with the vision of becoming the worlds largest trade exchange. According to their site in 2005 the International BarterCard franchises had an annual turnover of AUS$1.2Bn.

    United Kingdom

    There are an astonishing number of barter and giveaway sites in the UK: inspired by environmental reasons, the desire to re-cycle stuff, and to avoid simply throwing unwanted things away. As users of the freecycle givaway system will tell you, no matter how unlikely the item you put online, you will probably find at least one person that wants it and probably a horde! It works. Barter is one step beyond and that works too. Here are a few sites to browse.

    United States

    BarterQuest

    As you can imagine there are a huge variety of barter sites in the US and here we look at BarterQuest which has been in the news recently. The founders got together over a coffee and financed the website driven business which as yet makes no charge for its services, but will make micro charges in future per barter deal the users of the site make.

    You can see their site here www.barterquest.com

    What The Press Say

    www.timesonline.co.uk- Money is dead – long live barter
    www.telegraph.co.uk – Popularity of bartering websites soars

    But I Have Nothing To Barter

    Oh yes you do, everyone has something to offer. It can be an item that you no longer use, a service or a skill.

    If you barter an item you no longer need, you not only remove a little clutter from the house but you save money, help someone else and get something you can really use in return.

    If you are an artist or musician, you can barter your talent by offering  music or art lessons in return for what you need.

    A skill can be something as simple as helping someone’s child learn how to throw that curveball or teaching the neighbour down the street how to use her new digital camera.

    You may know of someone going away on holidays and they may need someone to walk the family pet, mow the lawn, tend to the pool, water the plants or anything around the house for that matter.

    These are just a few examples but it just goes to show that you’re only limited by your imagination.

    Money as a medium of finance and microfinance does not have to limit the use of barter in any deal. In fact it is capable of creating trade where there was no possibility of any before. The interest here is not to look at barterit from the perspective of large national and international institutions, but from the perspective of the labourer, tradesman, subsistence farmer trying to make their way in the world, educate themselves and build a better future.

    Barter is a way of thinking and a valuable personal tool giving ordinary people the chance to help themselves. More case studies from the world of barter will appear on this site soon.