Tag Archive for money

Bartering booms in recessionary times

boom

Posted on December 9th, 2009
http://www.news-journalonline.com/NewsJournalOnline/Business…

When the owners of Joey’s American Road Service wanted T-shirts for their staff, they didn’t need money. Instead they bartered services for the shirts and were able to conserve their cash for more important things.”I have always loved working with the bartering system,” said Gabe Magnone, co-owner of the business at 1725 S. Nova Road.

While the idea of bartering — the direct exchange of goods and services — is hardly new, advances in technology have expanded the scope of bartering far beyond the early days of swapping butter and eggs for sugar. Firms now use trade dollars or credits they earn by trading available inventory or staff time for products and services.

Christopher Muller, a professor at the University of Central Florida, said bartering has been used effectively by restaurants and other businesses for years. “When the economy turns soft, many people think of it as a good way to control cash flow,” Muller said this week.

At various times, all restaurants do some kind of trade for goods and services, he said. “It is especially useful for radio and television advertising programs.The restaurant will offer a certain amount of face value dining coupons and the media outlet will run advertising in the same amount, both sides see themselves as winning.”

Bartering is a great way for businesses to get rid of excess inventory during slow periods like the current recession. Many businesses don’t have the cash flow they need or are sitting on excess inventory with no buyers in sight. Paul Rompf, another UCF professor, agreed. “Bartering makes sense if you have excess capacity and you want to reduce cost. It (also) is a way for businesses to acquire goods and services they otherwise might not be able to afford,” Rompf said.

Somebody Trade?

Posted on December 7th, 2009

http://capecod10.cityspur.com/2009/12/05/wanna-trade/

What do you have to offer?

TRADING floor 042007

No, not a question about your personality: the question targets your ability to take part in the new economy – bartering. It may just be a media myth, or it may be the next big thing, but accounts bartering being used to make ends meet are beginning to appear in newspapers from the ‘Cape Cod Times’ on 3/22/09 to the prestigious ‘Financial Times’ of London on 3/21/09. And it’s not just limited to individuals, as the first of those reports focuses on ordinary Moms and Dads, while the second names Mercedes-Benz and Vodafone as participants.
Bartering, the exchange of goods or services without cash payment, has been part of the alternative lifestyle scene for decades. It has received official recognition via IRS rulings about what is taxable and what is not. But, in the words of one barter exchange enthusiast, until recently, “We were out beating the bushes trying to get people to join.” Not any more – barter offers on Craigslist classifieds have risen sharply, and online barter exchanges such as U-Exchange have seen an exponential rise in traffic. Where once items may have been advertised as being for sale (a cash exchange) they are now often listed under the barter banner.
In Quebec, Maryloo will exchange graphic design, web design and web hosting services for a healthy horse (preferably pinto) suitable for trail riding; and in Uganda Emmy will swap a set of table drums for a laptop computer. In this economy everything is on offer, and anything is someone’s desire. The greater the number of participants, the greater the chances of having your exchange completed: there are only four listings for the whole of Uganda, and Emmy’s chances don’t look good.

If you decide to trade that stamp collection but don’t have an immediate need of anything else, some exchanges convert your sale to “trade dollars” – or “green dollars” on many environmentalist sites – that you can use to make a purchase at some future date. These dollars are notional, unbankable, and attract zero interest: but that’s not likely to faze the barter enthusiast, whose back is firmly turned on all that banker babble in pursuit of a different dream. A dream that includes a sustainable, community-based, person-to-person relationship with the people who can provide what is needed.
At least until times get better.

Bartering, New Approach, Old Idea

Barter

Posted on December 3rd, 2009
Original post by: Life Compass

Bartering system is not something new for us, it has deep historical roots. The entire business setup of our ancestors was primarily based on bartering. When we go through the business chapters of the old days, we can note how people used to do their daily business to survive. Many folks still find it tricky to recognize bartering as one of the fast growing form of engaging in business without involving money. On the contrary, bartering is growing in renown today with enterprises and consumers realizing how great way it is to budget and how creative way it is to lower costs. Credit goes to the modern technology as bartering has become alive again. The internet has seriously helped it to make a powerful comeback and folk now may be able to trade services or products without using money.

Bartering has proven to be an effective way to ease cash flow issues for established and expanding businesses. It also helps in building a customer base for the new businesspeople. In bartering business, you can trade everything from landscaping, furniture, printing, travel, and so on. Bartering is proving itself as a cheap and sensible way to economize. Actually, bartering is everywhere, even at our home. Don’t you remember when your mum had said ‘if you do your home work, you would get chocolate’. Bartering is an element of our life, though unnoticed. We do barter in different forms. Bartering is present in different magnitudes, from our houses to a well established business empire.

If we know the correct way to barter, many resources and probabilities will be opened for us. It is an innocent way to look after our needs while also offering others what they require all without involving money. On a wider and professional scale, we can offer our services and products we no longer need, in return for getting from others the goods and services that they no longer need. Bartering can help us become a successful trader without involving money.

Mother Barters For Children’s Christmas Gifts

Hand shake

Gina LaValle of Arlington, Texas, is bartering for Christmas gifts for her four children,reports Marianne Martinez from CBS 11 News. The LaValles moved to Texas after her husband, Richard, lost his job and the family lost their house in New Mexico. Since then Richard has been working two jobs, and they have been selling everything to pay bills — even Gina’s wedding ring.

She offered her work services on Craigslist in return for gifts, hoping that she would be able to give her children a happy holiday. “Last year, they didn’t get a Christmas,” she told 11 News. “I don’t want a hand out, that’s why I said I would barter.”

How to Decrease our Business costs?

Posted on November 30th, 2009
Original post by: Caleb Rodriguez

http://technologyofmanagement.blogspot.com/2009/11/10-effective-ways-to-reduce-business.html

10 effective ways to reduce business costs

cut_costs

1st Barter If you have a business that should be bartering goods and services with other companies. You should try to trade for something before you buy. Barter deals usually require little or no money.

2nd Network Try networking your business with other companies. You can view or mailing list. This stream of marketing and advertising. You may also try bartering goods and services with them.

3rd Wholesale / bulk saves money to buy your supplies in bulk. You can create a membership at a wholesale warehouse or buy through mail for a wholesaler. Buy the supplies you are always running out.

4th Free Stuff You should try visiting the thousands of freebie sites on the Inteet before buying your company provides. Here you can find free software, graphics, backgrounds, business services online, etc.

5th Rent Rent Have you ever purchased equipment used in only a short period of time? You can only have the equipment on loan from someone else or rented the equipment from a “rent-all” business.

6th Online / Offline Auctions You can lower prices for supplies and equipment auctions online and offline. I’m not saying all the time, but before paying the retail sales prove these elements before they offer.

7th Plan Ahead Make a list of business supplies or equipment needed for the future. Keep an eye on the shops, have a big turnover. Purchase of goods, if they are on sale before you need it.

8th Used Stuff If your business equipment and supplies is not required to be new, buy them used. Here you can find items used in yard and garage sales, shopping, things for sale message boards and newsgroups etc.

9th Negotiate You should always try to negotiate a lower price for all companies or accessories. Not bad for trying. They claim to be a seller in a parking lot.

10th Search You can always looking for new suppliers for your business supplies and equipment. If you wish to suppliers with lower prices and better quality. Not only with some.

Bartering During the Holidays


Posted on November 30th, 2009
Original post by: Wendy Thomas on November 24th, 2009

http://www.nashuatelegraph.com/living/lifestyles/450478-224/consider-bartering-during-the-holidays.html

Bartering for goods and services has a long standing history in New England. We’ve all grown up reading stories about how the colonists helped each other out by trading products or services. Hey, I’ve got a dozen eggs – I’ll trade the eggs for help with tilling my garden.

These days, bartering is still alive and well. In my case, one way I save money by bartering is that I review books for a Web site. I don’t get paid for the reviews, but I get to keep the books, which then become gifts for friends and family. To me, that’s a pretty good tradeoff. Books are wonderful gifts and ones you can personally recommend are even better.

In another case, I have a friend who has offered to help us pick up the leaves in our yard in exchange for my setting her up an account and getting her going on Craigslist. Living near woods with lots of tall oaks, this is a welcome trade I happily accepted.

This season, think about how you might be able to barter for what you need. Can you provide a meal to someone in exchange for helping you figure out a software program? Can you watch a friend’s child for a few hours in return for help cleaning out a garage? Can your son shovel a driveway in return for some math tutoring?

With so much to be done in all of our lives and with continued limited funds, the time has come to be creative and think about how we can share what we have to help each other along.

If  we could spare money with bartering why don’t do it more often?

Barter Without Money Exchange

Posted on November 23rd, 2009

http://www.swishswapblog.com/bartering/why-do-we-exchange-money-instead-of-bartering-for-goods-and-services

Currency is easier to carry around than IOUs for favors, or things like livestock or shells or gold…which measure wealth in some cultures.

It puts an objective and constant (or slower changing) value on goods and services that you can measure to get what YOU need from someone else.

If your skill is cake baking and you need a haircut, you can’t always count on your barber needing a cake. And third and fourth party round robin transactions are hard to manage…such as you bake a cake for the horse shoe guy, who shoes a horse for the gardener, who pulls weeds for the barber, who gives you a haircut to complete the circle of give and take. After a while, especially when dealing with larger numbers of people, meeting everyone’s needs is very very complicated. It can work when people place equal value, and agree to the terms of small arrangements. And there are Bartering systems that are in place even in this country where people set up complicated exchanges like the one I just illustrated so that their skills can be utilized for trade…the question is though…if a skill is valuable enough to work in a barter system, it is valuable enough to be marketable as a job where a person can be paid for that skill. I guess a barter system allows people to benefit from things like hobbies.

In a currency economy, you sell a cake to the guy who needs a cake, and then take your money to the guy who cuts your hair…who uses the money for what he needs. The money isn’t valuable in and of itself, it is just paper or metal. But it gives you buying power, saying you have done what needs doing to acquire something at a certain price.

Life Without Money

Posted on November 23rd, 2009
Original post by Jason Blevins, The Denver Post, November 22nd, 2009

http://www.denverpost.com/headlines/ci_13842247

MOAB — Cave-dwelling Daniel Suelo is one of many across the planet who happily live without money.

The vagabond philosopher known as the “Peace Pilgrim” walked 25,000 miles across North America for nearly three decades beginning in the 1950s, living without shelter or food until it was offered.

India’s wandering monks, or sadhu, number several million and are widely respected as holy men who have abandoned all material attachments.

Heidemarie Schwermer of Germany recently penned a book about her life without money and gave all her earnings away.

Mark Boyle, a pen-pal of Suelo’s and fellow “freegan,” just finished a year-long experiment of living moneyless in England. A publisher asked Boyle to write a book about his penniless year.

Trouble is, Boyle says, the book contract comes with pay.

Suelo has wrestled with the same dilemma. A publisher recently offered Suelo a book deal but balked when Suelo asked that he not be paid and the book be made available for no cost.

So, now an author is interviewing Suelo and writing his story.

Boyle plans another tack: He will use all proceeds from his book to establish a moneyless community based on his “freeconomy” philosophy.

Like Suelo, Boyle says the more he gives, the more “organically and miraculously” his needs are met.

“I would write about difficulties about freely giving, freely receiving, but haven’t had any of note,” Boyle says.

Suelo and Boyle regularly blog about their lives and ponderings, using computers at local libraries.

Suelo’s blog (at zerocurrency.blogspot.com) has nearly 800 followers.

He doesn’t harbor some extreme dream that the world will follow his lead by abandoning money and moving into caves. He does, however, hope his path will stir “incremental change” and that maybe more people will embrace a simpler life without what he calls “our addiction to money.”

“I do this to show that we are in a culture that believes our happiness comes from things outside ourselves, rather than within,” he says. “You can be happier with less.”