Bartering: Learn How People Are Swapping Skills And Services
… For Free
By Mike Sparks
Cash, Credit or…“Want to Barter?”
We’ve all heard the term ‘Bartering.’ You may have learned in the lunchroom in grade school or even kindergarten.
Bartering is simply swapping one of lunch box items with a friend in return for one of their snacks—then you have bartered.
What is Barter and Bartering?
Webster defines bartering as: to trade by exchanging one commodity for another : to trade goods or services in exchange for other goods or services.
Bartering is simply trading a good or service for another or another good or service with someone when there is no monetary currency exchanged.
Bartering has been around since human history. Early civilizations relied on bartering as exchange for needed items and services. Many societies today still rely on bartering as a form of exchange.
What is a Modern Bartering?
The past few years bartering has been on the rise. The internet has helped with conducting exchanges. Bartering is worldwide and will always be a form of exchange. During bullish economic times we see bartering and during bear economies we see bartering as well.
With barter networks such as Barter Network Inc., Biz Exchange.com, BizQuest.com, Craigslist—just to name a few, they can help facilitate barter transactions. Theses companies provide goods or services to raise money that we can exchange for goods and services.
There are also modern barter exchanges located throughout the U.S.—more than 1,100, to be precise. Those barter exchange services enable people and businesses alike to use “barter bucks” to trade goods or services for credit. Those credits are in turned used so that they can apply to something else on the exchange.
History of Bartering
To learn the history of bartering we have to go way back to 6000 BC.
Bartering was first introduced by the Mesopotamia tribes. The Phoenicians bartered goods and services to peoples located in various areas across oceans.
The Babylonian’s also practiced and improved upon the bartering system. Goods such as tea, food, spices and even weapons were exchanged.
Salt was a highly popular form of exchange. The payment for services to Roman soldiers were paid with salt.
In early America colonials exchanged furs, musket balls, deer skins, and more. Later when currency was crated—bartering did not go away—it simply got better and became more organized.
Bartering During Recessions and Depressions
When times are tough and there is lack of money, bartering becomes a necessity.
You’ve heard the old adage that is attributed to Plato;
“Necessity is the mother of all invention.”
That quote certainly holds true in the areas of bartering.
Case in point; during the Great Depression bartering was used for food and many other items and services. Often times various groups and people helped to organize themselves much similar to banks or credit unions. During the bartering process when items and services were sold the owner would receive a credit and the buyer’s account would be debited.
Danny is very creative and was in the market for a work van. Back when I was operating my former car business, MidTn Autos.com I would often sell a few work vans. At the time I was in need of a computer and security system. Danny and I struck a barter deal and he got what he wanted and I got what I wanted.
There is an old Zig Ziglar quote that says;
“If you help enough people get what they want, you will get what you want.”
In my experience and opinion that is the key to a successful bartering transaction.
Even though bartering doesn’t involve the transaction of cash—you are required to pay the government on the goods and services you swap.
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