Tips for a hassle-free barter exchange - Do this for a hassle-free barter exchange

Tips for a hassle-free barter exchange - Do this for a hassle-free barter exchange

Tips for a hassle-free barter exchange - Do this for a hassle-free barter exchange

Say barter and the earliest memory that comes to mind is a scene from an old movie where the kind family doctor accepts a chicken/sack of vegetables for delivering a baby. According to data provided by the Reciprocal Trade Association, approximately 400,000 companies around the world engaged in barter transactions and has grown as compared to previous years. This system must have diminished over the years but with the advent of technology, the modern barter system is only newer and better. However, ‘How can I make an effective barter transaction?’ is a question that must have frequently crossed your mind. This is how you can make the best of your barter experience.

Make a list of goods/services you are willing to exchange

Make a list of all the things you are open to trading and can spare and the things you might require in the near future. Staying open to things you are willing to accept helps you in finding great trading opportunities. Although good websites have a variety of goods and services that you could exchange, having a ready list helps. Feel free to request the owner a trial period before you decide to finally purchase it. Alternatively, you could re-exchange these goods for the services you need.

Register on a bartering website

A barter trading website can help in facilitating secure, international trade between parties. It can prove to be advantageous due to a large number of people listed. Some popular websites also assess the value of each good listed on their website to ensure that all the parties involved get a fair deal. In some cases, the website might charge a nominal fee/one-time registration charge for registration.

Exercise caution

Stay open, however, do exercise caution to ensure that you are not being cheated. While opting for essential services, decide against opting for a service provider that you would not pay for their services.

Insist on warranty certificates

Try goods to ensure that they are in a working condition and request the owner for the warranty certificate/other legal documents in case the product is still in warranty period.

Strike a deal

While exchanging high-value goods, ensure that there is a legal contract clearly stating what each party stands to receive. This can help in safeguarding the rights of all the parties involved and ensuring that there are no misunderstandings in the long-run.

While there are pros and cons to bartering, in most cases, the good overweigh the bad. Challenges can be dealt with the help of planning and communication between both the parties. Barter trading can be extremely rewarding and help you obtain goods and services without hurting your finances. Registering on an international barter site that eases your burden, helps you connect with potential parties all over the world and can facilitate barter exchanges all over the world.

Tips for a hassle-free barter exchange - Do this for a hassle-free barter exchange

Say barter and the earliest memory that comes to mind is a scene from an old movie where the kind family doctor accepts a chicken/sack of vegetables for delivering a baby. According to data provided by the Reciprocal Trade Association, approximately 400,000 companies around the world engaged in barter transactions and has grown as compared to previous years. This system must have diminished over the years but with the advent of technology, the modern barter system is only newer and better. However, ‘How can I make an effective barter transaction?’ is a question that must have frequently crossed your mind. This is how you can make the best of your barter experience.

Say there is a company from india who has registered their products on the barter trading site dealing in computer spare parts and there is a finished product company in the USA that is Intrested in buying the parts . Both the companies and easily communicate through the website Email and negotiate for exchange for finished goods for supply of spare parts for the equivalent amount or less and mutually benefit from the trade .

EG: ABC Computers company based is usa is interested in EFG comp spare parts pvt ltd based in india , Spare parts needed for the plant in usa is worth 20000 us dollars and EFG Spare parts company also is interested in purchase 15000 usd worth of finished product . Looking at a mutual favorable advantage both companies transfer amount to each other where in both parties benefitted as they had their sales and business all done at same time . Hence saving their operational production costs.

Make a list of goods/services you are willing to exchange

Make a list of all the things you are open to trading and can spare and the things you might require in the near future. Staying open to things you are willing to accept helps you in finding great trading opportunities. Although good websites have a variety of goods and services that you could exchange, having a ready list helps. Feel free to request the owner a trial period before you decide to finally purchase it. Alternatively, you could re-exchange these goods for the services you need.

Positioning the company on International barter platform

It is very crutial for SME and Business Enterprizes and corporates to register and artistically present on the website which builds a sense of trust and also highliting the details of the firm and the credibility and trust and its capacity and output and recognition in the respective markets they deal in .As the world is the market there can be potential buyiers or companies interested in doing barter exchange or just simply but the product or services this windw of oppourtinity will be lost if the first impression is not well showcased .

Please login to post a comment.

Categories

Testimonials

Tags

Cookies

This website uses cookies to ensure you get the best experience on our website.

Accept