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Archive for the ‘Barter’ Category

What is a Barter Exchange?

Wednesday, May 24th, 2023

Are you curious to find out what bartering is? Bartering is an ancient form of exchange that has been around for centuries and doesn’t involve money. But what is a barter exchange and how does it work? Find out in this [What is a Barter Exchange?] video! 🎥 We’ll explain what a barter exchange is, how it works, and show you the advantages of using one. You’ll also see examples of successful barter exchanges and walk you through the quick and easy process of signing up and trading with one. Find out why bartering is a great way to get what you need without the use of money. Tune in now to learn more!

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📟 RELATED VIDEOS 📟
🎥 What is Barter? https://youtube.com/shorts/JCIyHAu4zbQ
🎥 Growing Your Business With Barter! – An Overview | Growing Your Business With Barter! | Episode #1 👉 https://youtu.be/WxvbRdgT4ak
🎥 Top 10 FAQs About Barter | Growing Your Business With (more…)

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What is Barter?

Wednesday, May 17th, 2023

Do you have something to trade but don’t want to spend any money? Bartering is an ancient and practical way of exchanging goods and services without the need for money. In this short [What is Barter?] video 🎥, we’ll be discussing the concept of barter and looking at how this type of trading can be done both between individuals and businesses alike. We’ll be providing insight into how bartering can be beneficial for both parties and offer some helpful advice for those looking to barter. Sit back, relax, and get ready to learn a skill that’s been used throughout history!

📟 RELATED VIDEOS 📟
🎥 Growing Your Business With Barter! – An Overview | Growing Your Business With Barter! | Episode #1 👉 https://youtu.be/WxvbRdgT4ak
🎥 Top 10 FAQs About Barter | Growing Your Business With Barter! | Frequently Asked Questions (FAQs) 👉 https://youtu.be/j4TgPt3AxMw
🎥 How To Grow Your Business with Barter | How To (more…)

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Top 10 FAQs About Barter

Sunday, July 31st, 2022

Top 10 Frequently Asked Questions (FAQs) About Barter

1. WHAT IS BARTER?

2. WHO CAN BARTER?

Any business owner or professional who has a product or service to offer on trade for which there exists some demand. Obviously, the higher the demand for a product or service and the more limited the supply, the more opportunities you will have to trade for the products and services you want and need. Traders range in size from small sole proprietorships to large international corporations.

3. HOW CAN BARTER INCREASE MY CASH FLOW?

There are several ways in which barter can increase your cash flow. Firstly, normal expenses can be converted from cash to trade transactions, thereby freeing up your cash. Secondly, new customers with whom you do trade business and whom are satisfied with your product or service become great sources of word of mouth advertising – the best kind. Thirdly, you can trade your product or service for all forms of media advertising for more cash business without the out-of-pocket cash costs.

4. HOW DO I KNOW THAT THIS IS LEGITIMATE? / THIS MUST BE ILLEGAL?

The Barter Industry is now officially recognized by the federal government through the “Tax Equity and Financial Responsibility Act (TEFRA) of 1982” as third-party record keepers. Trade/Barter Exchanges now rank on an equal footing with banks, credit card issuers, credit unions, security brokers and others as legitimate custodians in the eyes of the law.

5. WHAT IS A BARTER EXCHANGE?

A Barter (or Trade) Exchange is a business organization engaged in the exchange of products and services without the use of cash. A Trade/Barter Exchange acts in a fiduciary role, facilitating trading between the exchange’s clients via a form of currency, e.g. Trade Dollars (T$), that clients can spend on any of the products and services available on trade from the other clients.

6. WHAT ABOUT TAXES?

There are no tax advantages or disadvantages to barter. The IRS and tax law treats barter identically to cash. Barter sales are treated as taxable income in the year they are credited, just like cash sales. Barter purchases for products and services for your business, including salaries, are tax deductible just like if they were cash purchases. Barter Exchanges report the barter transactions for their clients to the IRS and to the client on a Form 1099-B at the end of the year. You would be responsible for issuing the appropriate Form 1099-B’s for any direct trades in which you participate.

7. WHO ARE THE BEST TRADERS?

Aggressive, intelligent and inventive traders are some of the best. Everyone can learn to be a “mega-trader” by dealing with other traders, watching how they make barter work for them and through creative thinking – “Think Trade First!”, before you spend cash.

8. CAN I GET EVERYTHING I NEED THROUGH BARTER?

No. There are some things that you probably won’t be able to find on trade, including: utilities, parking meters, tips, mortgage payments and money payable to local, state and federal governments( taxes, business licenses, traffic fines). Most everything else can be traded.

9. CAN I AFFORD TO BARTER?

All business owners and professionals can afford to barter. Some can afford to trade more than others, but it can benefit any business. Those who contend that they cannot afford to trade because of cash flow often need the benefits of barter more than anyone.

10. WHEN WOULD I SEE THE BENEFITS?

Each time that you participate in a trade you will realize some of the benefits of barter. When you participate as a seller in a trade you often receive new business from a customer who otherwise would not have purchased your product or service on a cash basis. When you participate as a purchaser in a trade you are acquiring a product or service at a discount equal to your gross profit margin and thereby saving cash. Therefore you will see the benefits whenever you utilize barter to grow your business! So what are you waiting for … ?

If you have any additional questions you would like to see answered, please forward them to me via the contact information below.

This article was originally published on I-Barter.com in 1997 at http://www.i-barter.com/faqs.htm it has been reprinted here in 2022 with appropriate edits and updates with the express permission and approval of the author.

Click Here or at 👉 http://blog.thevcf.com/grow-your-business-through-bartering-with-itex/ to get started Growing Your Business through Bartering with ITEX as soon as possible!

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Growing Your Business With Barter!

Saturday, July 23rd, 2022

GROWING YOUR BUSINESS WITH BARTER!

– An Overview

Can you use new business?
Do you have un/underutilized products or services?
Do you have products and services you need to purchase for your business?
Are you finding it difficult to compete with the “big boys”
with the “deep pockets”?
Wouldn’t you like to have a competitive edge?

Barter is an excellent way to get the new clients you need to grow your
business. Barter can help you utilize your products and services more fully.
Barter allows you to purchase some of the products and services you need
for your business without spending cash. This article will give you an
overview of how you can use Barter to grow you business.

WHAT IS BARTER?

Barter , also referred to simply as trade, is the oldest form of commerce
or business in the world. Barter is simply the exchange of one product
or service for another without the exchange of cash. Described another
way — barter is using what you have to get what you want or need. Virtually
all of us have experienced barter, particularly in our youth — trading
baseball cards, doll clothes, etc. Business of all kinds and all sizes,
from home-based, self-employed companies to multi-billion dollar corporations,
are trading more than ever for a wide variety of products and services.
Barter is now a multi-billion dollar per year global industry. Herein we
will show you how you can take advantage of the opportunities afforded
by barter to grow your business.

HOW DOES IT WORK?

There are a number of ways and types of barter that you can utilize
to grow your business. We will discuss the various types of barter and
how each works and the advantages and disadvantages of each in more detail
in a future article. The two types of barter that are the most accessible
and easiest to utilize are discussed herein, they are Direct Trade, or
one-on-one trading, and trade via a retail Trade or Barter Exchange.

Direct Trade, or one-on-one trading, is where you offer to trade your
product or service with a business owner or professional who offers a product
or service that you want. An example would be a restaurant owner who offers
to trade a certain number of meals to a printer to have their flyers printed.

A Trade or Barter Exchange is a network of business owners and professionals
who have agreed to offer their products and services on a trade basis to
other clients of the exchange. The exchange markets your products and services
to the other exchange clients. Utilizing a Trade/Barter Exchange is usually
the most efficient manner to maximize the benefits of barter for your business
since you do not have to negotiate and account for each trade yourself.

WHICH PRODUCTS AND SERVICES CAN YOU BARTER?

Anything that can be sold or bought on a cash basis can also be bought
or sold through barter. Many people will buy your product or service, or
more of it, on a trade basis when they would not do so on a cash basis,
due to cash flow, their buying discount with trade, etc.

WHAT’S NEXT?

In the next article in this series, regarding “Growing Your Business
With Barter”, we will discuss the various benefits of barter and their
value to you in growing your business.

I hope that you have found this article informative and beneficial for
your business.

This article was originally published on I-Barter.com in 1997 at http://www.i-barter.com/gybwb1.htm it has been reprinted here in 2022 with appropriate edits and updates with the express permission and approval of the author.

Click Here or at 👉 http://blog.thevcf.com/grow-your-business-through-bartering-with-itex/ to get started Growing Your Business through Bartering with ITEX as soon as possible!

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