Bargain Barter is coming soon

Bargain Barter enables both businesses and individuals to swap goods and services without the need for cash to change hands. Bartering has been around for hundreds of years and has grown into a multi-national market place. In fact, in 2011, it is estimated that goods and services were exchanged to the value of $12 billion and there were around 400,000 businesses involved in bartering. 

What can be bartered?

Almost anything as long as it is legal to do so. 

If you operate a business as an electrician, you may require a patio laid outside your home so you could place an offer seeking a builder to do the work for you in exchange for which you could offer to do some electrical work for him or her. 

If you are an individual, you may need a new drill in exchange for which you are prepared to barter a portable TV that you no longer have any use for. 

Bartering around the world has included goods like cars, boats, washing machines, furniture, toys, clothes, shoes, DVDs, computers, musical instruments to name but a few.

Why use Bargain Barter?

In the current global financial climate with so many businesses and individuals struggling to succeed, cash is at a premium. That in itself makes bartering an attractive way of doing business. 

If you are a business, by bartering rather than paying for something in cash, you will be able to retain any funds in your bank account that could then be used to fund additional contracts thus increasing profitability. It will also open up the door to new business relationships. 

If you are an individual, bartering will mean that you do not have to use any of your savings or increase your liabilities such as by using a credit card to purchase an item or a service.

Bargain Barter is simple to join, easy and quick to use and, best of all, it is free. If you are a small to medium size business or an individual looking to barter a product or service we can help. 

What makes Bargain Barter’s website the best?

Bargain Barter is the first quick and easy to use bartering website meaning that you spend more time running your business resulting in higher profits. You can post offers and needs supported by photos and videos and then await the numerous bids that will come flocking into the website before selecting what you consider to be the best bid.

Bartering is here to stay and is forecast to continue to grow by 5% to 10% per annum so why not join our community and reap the benefits by joining Bargain Barter today.

What are the benefits of bartering to your business?

The conventional way for many a business to trade is that you win a contract to do some work for a customer, buy the necessary stock and materials to do the job, complete the work and then deliver the finished product. Then, you can end up waiting a long time before your customer settles the invoice – sometimes as long as 3 months.

If cash flow is tight, which it is for many businesses especially in the current economic climate, the delay in being paid can be problematic. It is particularly relevant to many new business start-ups as they have to plough so much of their financial resources into setting up the business that involves buying such things as machinery and stock resulting in there not being a huge amount of liquid funds available. For many a business, they become dependant upon utilising an overdraft facility but that has the negative effect of reducing their net profit as they will be paying bank interest and fees.

Well, there is an alternative and that is called bartering or it is also known as swapping. Bartering has been taking place for hundreds of years. In fact in 2011 over 400,000 businesses around the world took part in swapping with $12 billion ‘s worth of goods and services exchanging hands.

So, how does a business participate in bartering? There are two main ways: -

Firstly, by exchanging goods. For instance, your business may own a piece of machinery that is being replaced for a newer model. You are aware of another business that does the same kind of work as you but you know would benefit from the piece of machinery that you are getting rid of. That business may have a computer system that they are replacing with a new one and, because your computer system is older than the one they are dispensing with, you would benefit by using their old one. The solution is simple – you swap your old piece of machinery for their old computer system with no money exchanging hands.

Secondly, by exchanging services. For example, you may be a plumber and a friend of yours is a tiler. You are both upgrading your bathrooms so you agree to do the plumbing work on his bathroom and he agrees to do the tiling in your bathroom with no funds changing hands. 

In both these examples, as no funds have passed between any of the parties, cash flow liquidity is maintained and indeed, possibly, improved. This means that the cash that was not used to buy the goods or services could be used for another purpose such as buying further stock to enable the business to complete additional orders this increasing profitability.

It is also an excellent way of disposing of out dated stock and machinery that may have cost a significant sum to have removed from your business premises and disposed of.  

More on Bargain Barter

The future of bartering for individuals

Individuals have practised bartering for thousands of years. In very simple terms, you exchange goods or services with someone else. Centuries ago, a farmer may have bartered his sheep in exchange for grain from a neighbouring farmer to grow some crops.

The list of items that you could barter really is almost endless. For instance, boats, furniture, works of art, tools, appliances, cars, computers, TVs, vegetables from your garden etc. Just think of the services you could provide and swap such as babysitting, dog walking, running errands, and house keeping.

What if your next-door neighbour had a holiday home and you offered to mow their lawn every week for 12 months in exchange for two weeks holiday in their villa. You may be a plumber who needs a sit-on lawn mower to mow your half-acre lawn so you agree to install a bathroom for someone in exchange for his or her mower. You could offer to iron your friend’s clothes for a month in exchange for two tickets to go to a Coldplay concert.

In all these examples, no money changes hands and, in the current economic climate, that is one of the major benefits of bartering. It is estimated that swapping to the value of billions of dollars takes place every year and it is growing all the time. This is evidenced by the number of websites that have appeared on the Internet to do with bartering such as Bargain Barter. Thousands of individual swapping deals are done every week.

Looking at the example we gave above of bartering your neighbour’s holiday home in exchange for cutting their lawn - normally, if you were going to arrange a holiday, you would either pay for it out of your savings or, if you do not have the money available, probably pay for it on your credit card. You may well have every intention of clearing your credit card balance as soon as you receive your statement so that you do not pay any interest. However, it is quite possible that you won’t clear it and end up paying a lot of interest. If you had done some bartering for the holiday, as referred to above, you definitely would not have got further into debt.

So, swapping really is a great way of helping the family from a financial perspective and with sites like Bargain Barter available to you it can also be great fun getting involved in a variety of swapping deals. You will quickly become experienced in bartering, saving your family a great deal of money and benefiting by obtaining some worthwhile products and services.

Bartering really is a “win, win” situation. Enjoy!