A extreme modify in the economy calls for businesses to modify in order to keep afloat, not to mention make a profit. Redundancies, reducing overheads; you know the kinds of things!
The great thing is, businesses can keep "open as usual" thanks to bartering. It is nothing new, in fact, before a financial value was put to note and coin, that is how the world worked. So is it time for bartering to come back? It already is!
You would not know it, but bartering is giant, on a world wide scale. There's barter networks filled with thousands of businesses, all looking for the next nice trade; but why!?
Barter makes use of something that every business has; idle resources. If a business has idle resources, there is room to make or economize using bartering. By thinking outside of the box, businesses can start to get their revenue figures back on track.
Idle resources could be anything; it depends on the business. A web design firm may be paying staff 8 hours a day, but only have work for 6 hours a day. A camping wholesaler may have gone a bit crazy with the whole "economies of scale" approach and been left with one,000 additional sleeping bags; items they might never sell!
Using the barter process, they could do a way exchange and swap goods/services they don't require, for ones they do. Sounds simple? Not always!
Barter networks are great things. of the main issues with the barter process is a business may find another business offering what they require, but the feeling is not mutual. The transaction will never happen without a facilitator.
Most barter networks have something called "trade dollars" and this is what helps them become the facilitator. So if a business charges $50 per hour for their time and barters ten hours services, they are gifted 500 in trade dollars. They then use those trade dollars to buy goods/services in the barter network that they need.
Lots of businesses barter their goods/services out at a lower rate, to be definite they are running at full capacity. They pick up additional business (possibly even long term clients), but this has no direct affect on the consumers that pay the sticky prices they offer on a day to day basis.
Business is changing. Money sales might be down for all, but this can be basically compensated by getting involved with bartering and making use of those idle resources!
Karl Craig-West is a blogger, web-site builder, public speaker and business activist who lives in Leicester, England.
They can be found at http://www.craig-west.co.uk but more often spends time writing and promoting on http://www.businessinpolitics.com.
By Karl Craig West
Source:http://ezinearticles.com/?Revenue-Down?-Bartering-Is-on-the-Up!&id=6519536
The great thing is, businesses can keep "open as usual" thanks to bartering. It is nothing new, in fact, before a financial value was put to note and coin, that is how the world worked. So is it time for bartering to come back? It already is!
You would not know it, but bartering is giant, on a world wide scale. There's barter networks filled with thousands of businesses, all looking for the next nice trade; but why!?
Barter makes use of something that every business has; idle resources. If a business has idle resources, there is room to make or economize using bartering. By thinking outside of the box, businesses can start to get their revenue figures back on track.
Idle resources could be anything; it depends on the business. A web design firm may be paying staff 8 hours a day, but only have work for 6 hours a day. A camping wholesaler may have gone a bit crazy with the whole "economies of scale" approach and been left with one,000 additional sleeping bags; items they might never sell!
Using the barter process, they could do a way exchange and swap goods/services they don't require, for ones they do. Sounds simple? Not always!
Barter networks are great things. of the main issues with the barter process is a business may find another business offering what they require, but the feeling is not mutual. The transaction will never happen without a facilitator.
Most barter networks have something called "trade dollars" and this is what helps them become the facilitator. So if a business charges $50 per hour for their time and barters ten hours services, they are gifted 500 in trade dollars. They then use those trade dollars to buy goods/services in the barter network that they need.
Lots of businesses barter their goods/services out at a lower rate, to be definite they are running at full capacity. They pick up additional business (possibly even long term clients), but this has no direct affect on the consumers that pay the sticky prices they offer on a day to day basis.
Business is changing. Money sales might be down for all, but this can be basically compensated by getting involved with bartering and making use of those idle resources!
Karl Craig-West is a blogger, web-site builder, public speaker and business activist who lives in Leicester, England.
They can be found at http://www.craig-west.co.uk but more often spends time writing and promoting on http://www.businessinpolitics.com.
By Karl Craig West
Source:http://ezinearticles.com/?Revenue-Down?-Bartering-Is-on-the-Up!&id=6519536
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