Joining A Barter Network Is Simple & Easy

Barter networks are the biggest craze in the world of online networking for today’s business professional. Bartering has been around since long before currency was made or printed for the purchase of goods and services, and it has been renewed successfully by today’s online entrepreneur.


Joining a barter network, such as ITEX, is very similar to a networking site, as they have some of the same fundamentals. By joining a barter network you can access a ton of services and businesses who want to barter for benefits and profits. All you have to do is register and pay a small fee.


A Barter network’s success is not unfounded. Barter networks are made up of thousands of resources that help you to build your business. You get not only more exposure by joining a barter network, but you also have resources from business card firms to sign companies to website design firms, all of whom arrive at the table with things to offer in exchange for something you’re offering.


On the other hand, if the thought of bartering seems daunting to you, or you don’t know just what to anticipate from participation in it, you could benefit from reading about the main elements of business barter basics, perhaps by downloading a no-cost ebook on the subject. What you learn could be sufficient to persuade you that joining a group of people who barter might be an ideal approach to improving your company’s profitability.


You can increase your profit and your business connections by bartering for goods and or services. A great way to increase awareness surrounding your business is to barter for advertising whether in print or on the television or radio. This will increase awareness of your business, bringing in more customers. Another way to set yourself apart from other businesses is to work out a trade in goods or services with a stationary company that can create custom materials like letter head. One last idea for custom materials is to partner with a printing company that can provide you with custom business cards. All of these partner companies can help you raise awareness of your business.


Joining a barter network can have an almost instantaneous positive effect on you and your business. This is because of good networking, which is often one of the highest indicators of a business’s success. If you combine networking with excellent resources and ingenuity you’ve got the formula for a great business venture.
The latest craze in online networking for business professionals is joining a barter network. Bartering existed a long time before any currency was ever printed, and was used to trade services and goods. Bartering has been successfully resurrected by online entrepreneurs.

- submitted by Terry Brandfass of ITEX AZ

On bartered time

Josh Stevens is living the dream, if the dream is drifting from city to city, relying on the kindness of strangers. Man cannot live by bread alone, which is good because Stevens has no bread at all, though he does have a gift certificate for unlimited golf at a local course.

Stevens arrived in Washington, D.C., last week, the latest stop on his year-long tour as Groupon.com's "Groupawn."
And Groupon is ...?
Groupon offers "daily deals at unbeatable prices," says the site. The 10 million members, who speak religiously of Groupon the way Costco members speak of Costco, get discounted goods like spa services or restaurant coupons. (Businesses make money because they only deliver the deal if enough people sign up.)
Stevens won Groupon's "Live Off Groupon" publicity stunt in May. He'd just left his job as a waiter in Chicago. He was thinking about applying to business school. He heard about the contest, which promised that if he went a year using no money but unlimited Groupons, he would win $100,000.
That's why Stevens, 28, is negotiation with the manager at Finemondo restaurant: "I'm not allowed to touch money for a year," he says. He has already used a Finemondo Groupon to pay for his meal; now he produces a sheaf coupons to negotiate a tip. "What do you like to do?" he asks Najib Khaldi, flipping through the stack. "Here's something cool. It's a TopGolf Groupon. There are GPS things in the ball."
After Finemondo, Stevens packs up his Groupons and departs. Next he has a free tour of Madame Tussauds, followed by a free appointment at the Grooming Lounge. To get there, he will use a free Metro card, provided not by Groupon but by Laura Cassil, who heard about Stevens then invited him to stay with her in Washington, where, Stevens says, he would like to take President Obama on a Groupon date.
Something about the Groupawn speaks to people. The 6,000 Groupon groupies who follow him on Facebook want to buy him plane tickets (in exchange for Groupons), pick him up at airports (in exchange for Groupons), meet up with him at restaurants and spend Groupons together.
"Something different comes along, and you want to live vicariously," says Karen Shatin, a contractor for the State Department who has met up with Stevens in two different cities.
"It's the whole idea of him getting rid of his possessions," Cassil says. "He's not paying bills, he doesn't have to worry about looking for a job. It's very romantic."
Just Stevens against the world, him and his Groupons, a glimpse at what society would look like if we suddenly returned to a barter system. Our sustenance would be manicures and sky-diving excursions: We would exchange wine-tasting classes for NASCAR driving experiences or deep tissue massages.
"The spa things are some of my best currency," Stevens says. He's gotten lots of stuff trading those.
After a pedicure, Stevens stands in the lobby of the Grooming Lounge and chats up the other customers.
"Are you here with a Groupon?" Stevens asks a man exiting the spa.
"No," the man says, disappointed. He paid full price, with real money.
Sucker.
- from By MONICA HESSE The Washington Post

Using Barter To Sell Real Estate

Using Barter To Sell Real Estate

Purchasing property using a barter currency has a large number of benefits. Following is an example of a typical property transaction:
· A property might be selling for $100,000 in the cash economy
· The seller has to pay 3% cash commission for the sale to their real-estate agent
· An average property may sit in the cash market for 6-12 months before being sold.
· If the owner is already living elsewhere then the house is often empty and costing them for council levies, maintenance and other charges.
· The buyer has to come up with 10% of the value of the property to get a bank-loan for the balance

Selling On The Cash Market: 
· The property is for sale for $100,000 cash
· The real-estate agent receives $3,000 cash when the property is sold
· Advertising the property for sale has cost the seller $3,000 cash
· The council levies (rates) and maintenance has cost $3000 between when the property has gone on the market and when the property sells
· The interest on the mortgage on the property is $3000 before the property is sold

The cost to sell the property is $12,000

The income from the sale of the property is $88,000 (less costs)

Selling For Part Barter/Part Cash:
· The property is for sale for $70,000 cash and $30,000 barter
· The property sells quickly because:
     o Barter exchange members can use their own surplus time/goods to generate barter dollars
     o Barter exchange members may have excess/unspent barter dollars
     o Barter exchange members can pay $30,000 barter and get a loan from the bank for the rest of the amount (Their 70% cash needed “Loan to Value Ratio” will be very favourable to the bank)
     o The barter exchange would normally charge a cash fee on the $100,000 – which might be 7% of the transaction value to the seller ($7000)

The seller ends up with $63,000 cash plus $30,000 in a barter currency. And, more than likely, the barter sale occurred much faster than a cash sale would have.

The new owner might rent out the property to pay off the mortgage and benefit from capital gain as the property increases in value over time.
- posted by Ormita, May 27, 2010

To learn more about using barter to build your business and make money, contact Terry Brandfass with ITEX Corp.

More Making The Move Towards Bartering

One cannot be too surprised that many are nervous about the state of the dollar, especially with governments warning about new crashes coming in the future.  Bartering is a legitimate way to conduct business, but many are used to the more ‘normal’ ways of payment (cash, credit, etc).  Yet, more and more people are turning to bartering and choosing to forgo the normalized ways.

There are regulations in place through state and local government, so you do want to check up on local laws that surround bartering. 

It really isn’t too difficult to think of what to trade, especially considering it is very likely you are able to do something that someone is looking for.  Many more people are considering it a very valuable option, especially when the state of the dollar is so uncertain.  Bartering is a very legitimate practice that, for many, is holding more value than that of more standard payments.

Link:  http://definitions.uslegal.com/b/barter/

-by biddingbar, as submitted by Terry Brandfass, barter expert