Monday

Is Bartering for You?

When some people hear the word barter, thoughts come to mind like “Times must be tough,” but this isn’t always true. Yes, bartering is a great way to conserve your cash flow when you’re on a budget but there are other benefits to bartering than just saving money.

Bartering is a smart solution if you’re a business owner holding excess inventory. You can trade your surplus with other business owners offering services or products you require.

If you’re contemplating on selling your vehicle, you can eliminate the selling and buying process by bartering for the vehicle you’re after.

If you own a vacation home that’s in need of a few repairs, you can barter with a plumber or an electrician for example. You offer accommodations for a vacation/weekend getaway and they in return supply their services.

Another example is one of our members who are offering an HDTV in return for a vacation stay. Now that’s a win-win situation.

The most important thing to remember is that it takes two to tango. Don't sit around waiting for someone to contact you. Initiate a few deals and start the ball rolling.

The great thing about bartering is that you’re only limited by your imagination. Regardless of what proposition you have in mind, there will always be someone interested in what you have to offer.

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