Bartering for goods and services is an age old practice that many people are very familiar with. In recent times, business barter exchanges have grown in popularity and thousands of entrepreneurs are using them to grow their businesses while they conserve their cash to pay for other expenses.
Being a member of a barter network allows you to trade the goods and services you offer with others within the network. This creates a secondary form of currency that is just effective as cash.
For example, the owner of a computer repair business who needs to have some printing done can seek the services of a printing company within his barter network. However, the computer repairman does not have to directly exchange his services with the printer. He can use the credits that he has accumulated from offering his services to others within the network to purchase the printing. These credits are often referred to as trade dollars which essentially act as a secondary form of currency that is created amongst the business owners within a barter network.
Barter exchanges are often composed of thousands of different businesses that are trading products and services with each other. By using trade dollars, a business owner can purchase the things he needs grow his business while keeping his cash to pay for strictly cash expenses. Starbucks won’t take his trade dollars but a member of his barter network will.
Becoming a member of a barter network can be a profitable new business strategy. Share business with others and conserve your cash by bartering.