Tag Archive for trading

BarterQuest Will Exhibit at Small Business Expo in New York

BarterQuest will offer small businesses the opportunity to trade costs for profits

NEW YORK, May 14, 2013 – BarterQuest (www.barterquest.com), a platform that supports the exchange of goods, services and real estate, today announced that it will be an exhibitor at the Small Business Expo, taking place in New York City at Pier 92, 711 12th Avenue (52nd Street) on Thursday, May 16th. BarterQuest will be at booth 321.The company will encourage small businesses to become members of its trading platform.

On BarterQuest, businesses can trade their inventory for the goods or services they need or sell their goods and services to an expanding network of businesses and consumers, increasing their sales, reducing their costs, and expanding their customer base. The goods and services of member businesses will be the subject of special online promotions by BarterQuest. Moreover, they will be first in line to upgrade to BarterQuest’s new B2B platform which is expected to launch this year. The new B2B platform will offer its members immediate trade credit and the opportunity to trade with a highly targeted group of businesses that have been vetted for their attractiveness as trading partners.

Businesses that register at the Expo will pay a substantially reduced registration fee.

“Businesses are already active users of our site and have evidenced a demand for our services by the small business community,” stated Bianca Han, Executive Vice President of BarterQuest. “To successfully trade, you must first be able to network, communicate what you have and what you want for it, and trust your trading partner. BarterQuest is all about making your trades easy by providing effective ways for you to find the trades you’re looking for, to negotiate and complete your trades, and to have confidence that you’ll get what you bargained for. Further, cash can be used on the site to equalize trading values or to buy the good and services that are offered. When they barter, businesses can transform costs into profits, a form of alchemy that is a ‘win win’ for the trading partners.”

About BarterQuest

BarterQuest supports the exchange of all types of goods, services, and real estate by consumers and businesses. It offers a full solution for e-barter, providing platforms that allow its users to improve the economics otherwise available to them in the all cash market. Its trading platforms are based on proprietary, patented technology, including the instant matching of the haves and wants of users for two party and multi-party trades. Exchanges are facilitated by a user friendly Web design that is unique in its combination of features. BarterQuest is headquartered in New York, NY and is owned and operated by JPM Global, Inc., a Delaware corporation. For more information, visit www.BarterQuest.com.

Except for historical information contained herein, this news release may contain forward looking statements that are subject to risks and uncertainties.

Vendors seeking further information, please email: bhan@barterquest.com

Bianca Han, Executive Vice President
BarterQuest
231 West 29th Street
Suite 906
New York, NY 10001
212-279-0070
bhan@barterquest.com

Media
Gutenberg Communications
Kerri Hazama
212-810-4168
kerri@gutenbergpr.com

No cash? No problem, if you barter

No cash? No problem, if you barter

originally posted by A. Kawlowski on http://www.cnn.com/2008/LIVING/wayoflife/09/02/bartering.rise/index.html

(CNN) — Miriam Brown has always wanted to visit Cape Cod, but when she recently began to plan a trip and found out she would have to pay $200 or more a night for lodging, her dream vacation seemed out of reach.
Miriam Brown and her husband bartered their services for room and board on Cape Cod.

Brown, who lives in New Orleans, Louisiana, is an accountant. Her husband is a home renovations contractor.

Like many people dealing with a soft real estate market and high food and gas prices, they just don’t have that kind of extra cash for a trip.

“I have traveled a lot in prior years, but after [Hurricane] Katrina, there’s just no money for traveling,” Brown said.

So she still plans to go, but she won’t spend any cash at all on lodging.

Brown has joined the growing ranks of Americans who are bartering — trading goods and services without exchanging money — as a way to cope with tough economic times.

Brown posted an ad in the barter community last month, offering to trade her accounting skills and her husband’s knack for home repairs in exchange for room and board on Cape Cod, Massachusetts.

She has lots of company.

“When the economy turns unfriendly, users become far more creative to get their everyday tasks done,” Susan MacTavish Best said.

Swapping ‘to get by’

Other Web sites that put Americans in touch with like-minded people who are willing to trade everything under the sun have also seen a boost in traffic.

“I think a few years ago it was more for fun,” said Jessica Hardwick.

“But we’ve seen a real shift in the last year, and especially an increase in the last few months, where I think people are really doing it to get by.”

Some of the most popular items to trade for late this summer were school uniforms, which some parents found they could not afford to buy for their children, Hardwick said.

Experts aren’t surprised Americans are becoming more financially creative during an economic downturn.
Dealing with the economy

• 67 percent of consumers have haggled in recent months, compared with 33 percent in 2006

• 61 percent of consumers now regularly use a shopping list, compared with 35 percent last fall

• 70 percent of shoppers now look primarily for “the deal” in the Sunday inserts, compared with 51 percent last fall

“Historically, when times get tough, you see a 50 percent-plus increase in bartering as a way for people to be able to buy things or get things and do it economically,” said C. Britt Beemer, chairman of America’s Research Group.

The company talks with thousands of consumers every week to gauge their spending habits and attitudes.

A couple of years ago, many Americans had $500 to spend at the end of the month, but that money has evaporated because of rising prices, Beemer said.

“We’ve never had a time, at least in my lifetime, where you have food and fuel going up at the same time. So it isn’t a question of buying things, it’s a question of buying nothing,” Beemer said.

Breast implants and a horse

Businesses have long recognized the benefits of bartering, and there are hundreds of barter networks set up across the country to fill their needs.

They use barter credits as currency, so a plumber in need of a filling doesn’t need to search for a dentist’s office with plumbing problems to make a deal. He can fix a leaky pipe for one member of a network and use the credits he earned for that job at any other.

“Really, there are no limits to it. We trade for just about anything you can think of,” Michael Krane said.

Bartering on this scale is also robust in tough economic times. Krane said his exchange has seen a 20 percent rise in barter transaction volume in the first six months of this year.

A longtime client is Thomas Forrest, an orthodontist in suburban Pittsburgh who barters his services for everything from office improvements to stationery. His practice hasn’t been affected by the economic downturn, Forrest said, but some of his patients seem glad to be able to visit him under the barter arrangement.

“I think if you have a business owner who has children in need of braces, I sense a gratitude that that’s available,” Forrest said.

Barter exchanges must carefully document all trades, since the Internal Revenue Service considers income from bartering as taxable. However, a barter exchange “does not include arrangements that provide solely for the informal exchange of similar services on a noncommercial basis,” according to the IRS.

In New Orleans, Brown and her husband are getting ready to go to Cape Cod after finding a taker for her bartering offer. The couple will work five hours a day in exchange for staying in “a beautiful three-bedroom house right in the center of it all,” Brown said.

“We can do a lot more if we don’t have to pay for room and board,” she added.

Ways to Save Money during Summer

originally posted by Farnoosh Torabi on http://tinyurl.com/2g2z3je

Summer’s well upon us, and after last year’s “staycation” trend there’s some pent-up demand to go out, get away and have fun. At the same time, we still want to save money. From dining out to buying airline and concert tickets, here are some great saving strategies, … and in some cases free deals!

Restaurants

Americans spent more than $200 billion eating out last summer, according to the U.S. Census.

Day Trips

• Look for Target free arts and culture events. The retailer offers free or discounted entry to museums, concerts and galleries across the country. This year there are more than 2,000 free events.

• Free summer movie days at Regal Theatres. The chain runs a “Free Family Film Festival,” with a nine-week schedule of free movies with select days and times.

• If you’re a member of a discount club you may get discounts when they buy movie tickets in bulk.

• The U.S. National Park Service is offering free admission on August 14-15 at more than 100 parks that normally charge a fee.

beach-picture-waves-people-Tydan

Travel

The average family of four will spend $4,000 on a vacation this summer, according to American Express. Eighty percent of those surveyed said they plan to lower their travel costs. Here’s some help.

• Swap homes. Join a home exchange club like www.barterquest.com. There’s also a housing swap section.

• Book plane tickets on either Tuesday or Wednesday when prices are cheapest, according to travel experts.

• Reserve hotel rooms on Sundays, when the weekend rush is over and hotel managers have time to talk on the phone and discuss available discounts.

Beach

Stock up on food, drinks, beach towels and chairs before you get to the beach. Otherwise, you’re likely to pay a premium for things you can easily get for much, much less back home.

Bartering when starting a Business

Posted on April 26th, 2010

http://www.aboutcabinets.net/blog/benefits-of-starting-a-cabinet-business/

If you are running a business or thinking of starting a business, there are great opportunities to make your venture a profitable and lucrative one. The thing is that it’s not only you you will be facing the economic crises; it is everyone around you going through the same problems. In these times, what you can do to make your business grow without spending more money is by bartering services and goods and establishing good relations with other businesses and professionals.

Below a few tips and suggestions on how you can use your cabinet services to your advantage and spread your business without spending money or going out of your way!

  • Approach accountants for your business as they can help you greatly with your books and accounts. In turn offer your services to individual accountants or their company and help them if they need any jobs done. This will not only help you in your business but also help you to show them what you can do and ask for referral jobs too.
  • You can also approach attorneys or lawyers and ask them to trade out expenses in a barter exchange.
  • The same goes for physicians and other medical practitioners, you can approach them in barter of your services and do a fabulous job for them. This makes starting business worthwhile as no matter how the economic conditions are, you will be able to carry on your business forward and make a name for yourself with good services and a neat job.
  • Approaching auto mechanics is another great way to bartering your services and getting your car repaired at the same time. All these things will help to get the word about your business out as business can only progress if people see what good you sell.

Bartering and a More Genuine World

Posted on: January 22, 2010
Originally posted by: Tara Lane, Staff Writer
http://sparxoo.com/2010/01/22/reciprocity-and-a-more-authentic-world/

“Do unto others as you would have done unto you.” The Golden Rule is often repeated, but seems to be rarely followed. That is, until you look closely. We are entering into a network economy, where our online connections are just as important as those offline. Social media and online interactions have brought us together in ways like never before, causing our culture to develop an unwritten rule of reciprocity both on and offline. Call it karma, paying it forward, or returning the favor – it all boils down to reciprocity, and the act of exchanging goods, services, or goodwill with people in your own backyard, and all around the world.

Examples

Kiva – As a prime example of a digital exchange economy, Kiva connects entrepreneurs and lenders from around the world over the Internet. Through Kiva, lenders donate money to help others build their business, but are paid back when the entrepreneurs find success. The cycle continues, over and over, building the perfect example of reciprocity.

Authenticity – In the days of AOL, chat rooms abounded with hate and attacks among users of all ages. Now with social media networks, that feeling of hate has changed to respect, with positive conversations being fostered on public platforms such as blog comments and community forums. We can put a name to a face and interact in a much different way, making these networks more human and enabling individuals to connect on deeper levels. As a result, we’re more likely to treat people with more respect and generosity in the digital space.

Stats

* Reciprocity can be found in basic human connection. For instance, Craigslist has seen an increased use of the bartering section of the classifieds; the number of ad listings has doubled in the past year.

* The number of companies matching charitable donations continues to stay steady despite a tough economic outlook.

* Kiva has a 98 percent success rate for the repayment of loans

Take Aways

Reciprocity is the foundation of social capital. When someone follows you on Twitter, we usually follow them back. When we get a friend request, most people will accept it out of respect, even if the real world connection isn’t there. All the rules we follow in our real world interactions transcend into the virtual world, where they’re becoming ever more important as networks grow. Don’t be afraid to reach out to others online, and become a part of the conversation. On social networks, it’s expected.

Not everything is about money anymore. Recent findings suggest that the act of bartering goods and services in place of cash payment is becoming more and more popular, especially in a down economy. We are becoming more trusting of one another through successful reciprocity with others. If you’re a new startup business, consider finding creative ways to get your business off the ground, whether it’s offering free services or swapping tips with a fellow entrepreneur. Most of the time, people are more than willing to give advice and help someone else out – because they’ve been there, too.

Predictions

* Reciprocating links outside of SEO purposes will become more popular, using social networks as the main channel for doing so. We’ll have networks that provide complete transparency – including browsing histories – for the benefit of others.

* More online transactions will be done through bartering rather than for money as both a way to save money, and also to benefit from the knowledge of others who provide goodwill to others.

* Less passive following and more active listening and participation will be done across all platforms. Social networks relying entirely on interaction will begin to sprout, rather than be place holding profiles for users.

Who Needs Money? You Can Barter!

Posted on: January 19, 2010
Originally posted by: Kathryn Buschman Vasel, FOXBusiness
http://www.foxsmallbusinesscenter.com/strategy/2010/01/19/small-businesses-need-know-bartering/

The old-fashioned technique that allows busine

When Carrie Kerpen of Buzz Marketing was looking to create the “buzz” needed to get her business off the ground she faced a typical entrepreneur’s dilemma: she didn’t have any extra funds to allocate to the cause. So she took an old-fashioned route: bartering.

Starting out cash-strapped, the company –which today has 8 full-time employees and 30 part-timers in offices in New York City and Boston — worked out a quid-pro-quo relationship with a flower retailer that needed marketing help.

“The company provided us flowers and gifts that we sent to potential clients after meetings.  It really added that extra ‘Wow’ factor,” said Kerpen, who founded the company with her husband in 2006. “It definitely made us look more creditable and helped us snag clients.”

Bartering allows businesses to exchange goods and services without hurting cash flow, which can be especially tight in today’s economy. Business-to-business barter transactions generate $12 billion annually, according to the International Reciprocal Trade Association Last year, more than 250,000 businesses engaged in bartering to help boost revenue. In these days the people come back to the old way of trading and if you need theirs and they need yours who needs money anymore?

To get off on the right foot here are five tips to keep in mind when bartering.

No. 1: Start Small

If it’s your first time bartering, don’t jump in head first, said Danielle McCormick, founder and CEO of MyCubi.com.

“If it’s a big project start with the person doing a small task to make sure the long-term relationship is going to work,” she said.

No. 2: Don’t Sell Yourself Short

If you are using an online bartering site make sure to really sell your qualities—treat it like a dating service.

“If you are an electrician include your experience, number of clients, a list of skills, recommendations and before-and-after pictures,” said John Moore, founder of the online bartering site U-Exchange.

Moore said businesses that are interested in bartering should go for it.

“Don’t just sit back and wait for people to come to you—make the initial contact to see what is out there,” he said.

No. 3: Keep it Professional

Treat a barter client like any other client, said Kerpen.

“Compare prices with others in the industry to make sure you are getting a fair deal and put everything in writing,” she said. When drawing up the contract, be sure to include a deadline for the services or goods to be delivered.

No. 4: Stay in Contact

It’s a good idea to check in with the barter client to make sure the exchange is on track.

“Have a monthly status meeting if the deal is long term. Communication is key, and you want to make sure everyone is happy,” Kerpen said.

No. 5: Don’t Forget Uncle Sam

There is no loophole for bartered transactions and trades are taxable in the year it is performed, according to the IRS.

The fair market value of the goods and services being exchanged should be declared as tax income.

Bartering Returns in North Korea

Posted on: January 20, 2010
Originally posted by: Yoo Gwan Hee
http://www.dailynk.com/english/read.php?cataId=nk01300&num=5928

As predicted by experts on North Korea’s economy, since the authorities have yet to officially release state prices, the North Korean people are now surviving by bartering.

A defector, who spoke with his family in North Hamkyung Province on Tuesday, reported the news to the Daily NK, “I called my family to send some money to them as I had heard they were in trouble, and they told me that the current situation is unspeakably terrible. They live only by bartering with others.” “The old way of trading is coming back and the people return to their roots.”

He explained further, “For now, state-designated prices are still not public, so people think that selling goods for cash now would mean making a loss. Therefore, bartering has become the main method of trading for the people.”

According to the defector, the barter value of products is decided according to their value in old money. For instance, before the currency redenomination, one Pollack was 1,500 won and a kilogram of corn was 900 won, so people barter one Pollack for a little less than two kilograms of corn. Other products are dealt with in the same way. Barter trade is carried out only privately in homes so as to avoid detection.

The source noted, “People complain that the authorities keep stressing the idea of a strong country in the 21st century while the people’s living conditions are no different from in ancient times.”

He added, “On January 8, people had a day off for Kim Jong Eun’s birthday, but it did not interest them. The succession issue cannot hold people’s interest; they just want everything to be put in order.”

Bartering – a Creative Way to Save Money

Posted on: January 13, 2010
Originally posted by: Webnews
http://www.webdesignbyleah.com/internet/why-many-people-are-getting-creative-with-their-financial-decsions-and-using-bartering-as-a-type-or-currency/

A lot of people are having to become quite creative in the past two years as the economy has continued to go down and the majority of Americans are financially worse off than they were only 12-24 months ago. People have been realizing that you can live a more simple life and that having more material items will not make you more content and by reducing the size of your home and your possessions may be a good change for the future. A lot of younger people were used to paying for everything with a credit card and then when they lost their jobs they were left with a lot of debt. They have had to learn to save their money for things they really want and to live within or below their means now. One thing that has gained popularity and is one of the oldest forms of commerce is to barter or to offer a fair trade for something instead of exchanging money. You can barter services or even items such as fair trade jewelry or handmade furniture.

A lot of people that work in service related jobs have been more used to bartering with their customers and it is definitely popular again. For example, a person that is a hairstylist may be able to offer their hair cutting or styling services to receive an item that they do not have the money for right now but must get immediately, like a new set of tires for their vehicle. rather than cash they can offer some haircuts to pay for the tires.

bartering

Another service job that would be a perfect one to barter would be the additional items that people have had to eliminate their tighter budgets but really miss having. One example is a housecleaner who has had their business drop a lot lately might be able to exchange cleaning someone’s place for child care for her kids while she goes out to work.

Some people have goods that they sell or make that would be great bartering capabilities. For example, a woman that makes beautiful handmade jewelry could barter some of her jewelry pieces to get a few home cooked meals delivered to her family by a friend that is a great cook but can’t afford to purchase the jewelry. Another example would be person that crafts beautiful personalized baby furniture such as cribs, changing tables and dressers that needs to have tutoring help for her child it. She could barter with a teacher that is pregnant and will be needing things for her baby and will also be on maternity leave and could help the woman’s daughter with the academic tutoring that they may need.

In the end, many people like bartering as long as they feel like they are getting an even exchange of goods and services. It allows people to be able to get things that they want or need without having to have the cash to pay for it. A lot of people are going back to some of the lessons and techniques once used by their grandparents with their finances.

Share and Trade Advertising

Posted on: December 17th, 2009
http://www.advertisingguidelines.com/advertising-agencies/shared-and-trade-advertising

advertising

One of life’s basic rules goes something like this: if it seems too good to be true, it probably is. That can be the case with used cars and blind dates. But every once in a while you’ll find a great deal that actually turns out to be a great deal. Generally speaking, the price of a product or service is directly related to quality. Higher priced goods are better quality, while poorer quality fetches a lower price. Past experience can lead to prejudice, status can determine value, and both can hike costs.

No one should have to settle for second-best because of budget constraints, especially small business owners. Fortunately, there are creative ways to get both great quality and affordable prices. If you have a product to offer, but don’t have a large advertising budget, there are different ways to get the effective advertising you need.

Shared Advertising
The Internet is a great resource of shared advertising. By placing your advertisement on another individual’s or company’s website, and returning the favor, both parties will receive double the exposure and frequency of hits. Again, shared advertising is most effective if it appeals to the same target audience. It goes without saying that an ad for senior’s health products may not get great results if paired with a punk rock clothing store.

Trade Advertising
Also called “bartering”, trade advertising is exchanging your product for advertising space. Bartering for ads can give small businesses excellent opportunity and value beyond what they could normally get, even with a bigger budget. Advertising on the radio, cable and your local newspapers or magazines can give a definite perceived value for your product; but by trading your goods or services, you haven’t spent a bit of cash.

Even more value can be found in an endorsement agreement. Convincing a radio or television host to endorse your product is the best form of advertisement you can get. You will provide the host with your products or services up to an agreed amount, and he or she will say wonderful things about your company on the air. You can’t put a price on this type of broadcasting power.

The Three Month Challenge

Posted on December 17th, 2009
This blog is actually very interesting, the person has been bartering for two months and plans to continue for another month

challenge

I have completed almost two months of my no shopping challenge (Christmas shopping and milk/buttermilk and fresh produce at Farmer’s Market have been the exceptions).

Observations thus far:

-It was hard to have much homemade food on hand one week when I was sick- but we made do- stocking up on some frozen meals and baked goods is key for the weeks when things don’t go as planned.

-Going Christmas shopping is tempting to buy more than is on the list- so nice to remove myself from this situation through this challenge- maybe I’m just weak.

-I love removing grocery shopping from my weekly To-Do list.

-Ranch Dressing!! I made the most amazing ranch dressing the other night when I needed some for a salad I made and didn’t have any. And not with a packet of seasoning… it was awesome… look for my next cooking class related to this.

-Supporting your local produce is such a great way to participate in your community, very green/environmentally friendly, and forces you to eat in season!

-Why would someone do such a thing?: save money, save time, rely on local agriculture, rely on yourself/abilities more

-Bartering: I have bartered with a number of friends for apples, bananas, coconut, coffee- This has been a fun part of the challenge- I have been blessed by these trades and love sharing fresh bread or granola or eggs or jam with friends! Anyone want to barter this week?