I have been bartering my goods and services for those of others for over 30 years. One year, when I was still based in NYC we were bartering almost $250,000 a year.
Much of the cash you are spending could be saved for other things if you considered bartering more.
Barter is also an effective way to survive when cash is in short supply. In the past it was the way most people got what they needed. Imagine small village trading posts, where trappers trade in beaver pelts for dry goods and other essentials. In the 21 st century is a parallel economy with a private currency. The Webster Dictionary of the English Language defines bartering as “trafficking or trading by exchanging one commodity for another (and not for money).” For many traditionally trained economists, barter is the world’s oldest buying/selling tool. It is a complex and often limited way for a business to expand without the involvement of cash. You trade what you have for what you want. All these descriptions, excluding the one offered by the dictionary, have one thing in common- they recognize barter as a cashless form of money.
Barter may not be cash, but it is definitely a form of money. It is a tool like no other in that it enables people to match their abilities to their income source. It is a way of building income, including cash income, while preserving cash flow. According to Glyn Davies in his book, A History of Money from Ancient Times to the Present, money is “anything that is widely used for making payments, and accounting for debts and credits.” The type of money that is offered and accepted for payment most often – cash, coin, promissory notes, check, credit card, debit card, IOU, influence, goods and services i.e., barter – will in part depend on a number of factors. These factors include how widely the form of payment is used, how easily it can be transferred, how portable it is; the flexibility of its value in times of emergency or urgency and the consistency of its store of value.
Many of my readers have asked me to write a basic book on how to start doing barter. In response to this I have just published an e-book to help people get started in bartering.
“Everything Your Need to Know About Bartering”
If you are interested in getting involved in barter on a larger level just e-mail me and we can schedule a coaching session.
You can order the e-book on barter at:
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