Bartering
Barter is a type of trade where goods or services are exchanged for a certain amount of other goods or services; no money is involved in the transaction. It can be bilateral or multilateral as trade.
It is a word frequently used as a synonym for 'negotiate/negotiation', but this usage is incorrect.
A common form of barter during colonial times was tobacco. Also bushels of grain and wampum were
popular forms.
Barter trade is common among people with no access to a cash economy, in societies where no
monetary system exists, or in economies suffering from a very unstable currency (as when
hyperinflation hits) or a lack of currency.
A disadvantage of using bilateral barter is that it can depend upon a mutual coincidence of wants.
Before any transaction can be undertaken, each party must be able to supply something the other party demands. To overcome this mutual coincidence problem, some communities have developed a system of intermediaries who can store, trade, and warehouse commodities. However, the intermediaries often suffer from financial risk.
To organize production and to distribute goods and services among their populations, many
pre-capitalist or pre-market economies relied on tradition, top-down command, or community democracy instead of market exchange organized using barter. Relations of reciprocity and/or redistribution substituted for market exchange. Trade and barter were primarily reserved for trade between communities or countries.
Barter becomes more and more difficult as people become dis-possesed of the means of production of widely-needed goods. For example, if money were to be severely devalued in the United States, most people would have little of value to trade for food (since the farmer can only use so many cars, etc.)
In finance, the word "barter" is used when two corporations trade with each other using non-money financial assets (such as U.S. Treasury bills). Alternatively, the standard definitions of money could be seen as being too narrow and needing to be expanded to increase near-money assets.
From Wikipedia, the free encyclopedia
EDDY ANTON'S TRADE WORLD - Eddy Anton, of Trade International Exchange and occasional guest authors share information on this blog about trade, bartering tips, videos, stories, and all kinds of information on organized trade.
Friday, October 4, 2013
Wednesday, August 28, 2013
The Cash-Strapped Turn to Barter
Interesting article on barter to share:
New money is not flowing to Main Street. Since October 2007, there
has been a decline of almost 30 percent in loans approved for small
businesses, the Small Business Administration reported.
Companies short on cash are often forced to let workers go, and in October alone companies with 50 or fewer workers eliminated 25,000 jobs, according to the ADP Small Business Report.
“During recent history, we have seen these businesses adding jobs while larger-size businesses shed them,” said Joel Prakken, chairman of Macroeconomic Advisers, which prepares the report. This is the first decline in small-business employment reported by ADP since November 2002, he said, and the largest percentage decline since the economy was emerging from recession in early 2002.
In response, barter exchanges are working hard to sign up participants. The exchanges range from publicly traded entities like International Monetary Systems and the Itex Corporation to smaller operations like U-Exchange.com. Many are reporting double-digit increases in membership, as well as a bump in transactions.
At Itex, for example, registrations jumped 36 percent in October, said Steven White, the chairman and chief executive. The exchange, founded in 1982, has more than 24,000 member businesses.
Bartering has grown with the times and is now much more than “I’ll take yours, if you take mine.” Often, these days, multiple parties meet through online exchanges and amass credit that can be used for future transactions (more like “you take mine and I’ll take someone else’s later.”) Drawing on the reach of the Internet, many exchanges include participants from around the world.
What makes barter so appealing during an economic crisis? Barter specialists point to three attributes. First, a member business can find new customers and use excess capacity. Second, a satisfied barter partner often refers cash-paying customers to the small business. And third, the participants can conserve hard-to-come-by cash.
Ken and Angela Lineberger, owners of the Wine Tailor winery and retail store in Rancho Cucamonga, Calif., said sales would be flat this year had they not been active in the Itex exchange. Thanks to bartering, overall sales are up 8 percent, Mr. Lineberger said.
These are customers who wouldn’t normally seek out their wine, Mr. Lineberger said. “We just had a couple drive over 100 miles to buy six cases of our wine because they’re Itex members,” he said.
Itex customers pay the full retail price, he added; they are not discount buyers. The Linebergers use Itex dollars they accumulate in sales to pay for pest control, electrical work, accounting and legal services. “It’s nice to move those over to Itex,” he said, because it frees cash. They also use it for vacations and other personal transactions.
For tax purposes, barter is treated like ordinary sales, and its value must be reported. The barter exchanges record all transactions and report them to the Internal Revenue Service. Of course, informal bartering among small companies and independent contractors has gone on for decades, and some report the revenue and pay taxes, while others prefer to operate within the underground economy.
Bartering is estimated to generate more than $3 billion through exchanges in the United States, said Robert B. Meyer, who edits BarterNews.com, a trade publication. That does not include corporations that barter directly, he said. Official tallies are hard to come by, he said, because there are more than 250 exchanges and the systems are decentralized.
Hundreds of exchanges are available online, some national and some regional. Some charge membership fees and annual fees, while others do not. Often, there are transaction fees of up to 6 percent.
Small-business owners should do the normal due diligence when looking for an exchange, said David Wallach, president of the International Reciprocal Trade Association’s global board. For references, check with people or businesses in your area that use an exchange, and before entering into a transaction, vet your potential partner with the Better Business Bureau. The association, a nonprofit group that promotes barter and trade, has a test for businesses, “Is Barter for You?,” on its Web site (irta.com).
Chris Keogh, who runs his own construction firm, Jade Stone Construction, in Pearl River, N.Y., just completed his first barter transaction through International Monetary Systems (imsbarter.com).
“The construction business has always been feast or famine,” said Mr. Keogh, 47, a native of Dublin who has been in the New York region for 22 years. During a recent bad stretch, Mr. Keogh was scrambling to drum up new customers through advertising, Craigslist and even roadside signs. I.M.S. Barter saw the Craigslist post and contacted him. After he researched the company, Mr. Keogh said, he decided to give it a try, agreeing to paint a house for $5,000 — $1,000 in cash and $4,000 in I.M.S. trade dollars.
Mr. Dalsimer subsequently referred Mr. Keogh to two new customers. One of them will provide Mr. Keogh’s next project, painting a two-bedroom apartment in Somers, N.Y., in another part-cash, part-barter arrangement.
“You have to be careful how much you trade,” he said, because you don’t want your business to become dominated by bartering. And each side of a transaction carries that 6 percent fee, cutting into profit. Experts recommend that a business use barter for no more than 5 to 15 percent of sales to avoid crowding out cash business.
Many barter exchanges offer credit to members who have been turned away by lenders in the real economy; in its recent credit-line review in October, International Monetary Systems issued $2.7 million in trade credit to its network of 18,000 businesses, adding to an existing $55 million in established credit lines, said Krista Vardabash, its director of marketing.
“We base our credit on the products and services that the member businesses have to offer, not on their cash accounts or how they look on paper,” said Donald Mardak, the chief executive.
To be sure, bartering is not mainstream, said John C. Moore, a founder of U-Exchange.com. Still, traffic at the site, which is run by Mr. Moore and his co-founder, Barb Di Renzo, has spiked 70 percent this fall, he said, with an influx of participants from Spain, South Africa, Britain and the United States.
One new member at U-Exchange is R House Construction, owned by Rich Rowley of Tacoma, Wash. In a recent post on U-Exchange, he offered new home construction, remodeling, home repairs, real estate work orders, home maintenance and commercial improvements. In exchange, Mr. Rowley is looking for vacations, real estate, homes, land, dining, medical care, dental care, a boat, a motor home, groceries, gas, entertainment, a ski pass and tickets to Mariners baseball games or Seahawks football games.
So far he has had no takers, but he said he remained optimistic. “We have to learn to adapt to the changing landscape,” Mr. Rowley said. “Part of that is bartering. The exciting thing is this is another part of the puzzle that gets us to where we’re going.”
His wife, Kathy Robinson, came up with the idea of bartering as their business dropped off, said Mr. Rowley, who usually builds two houses a year and sells them. This year, he sold only one house; the other remains empty.
Even if the U-Exchange post does not work out, Mr. Rowley said, he has arranged privately to do renovation work on a vacation home in Ocean Shores, west of Seattle, while he and his wife stay in another beach home. “We really like to travel,” he said. “We don’t want to be denied that just because the economy is going south.”
The Cash-Strapped Turn to Barter
Jill Connelly for The New York Times
Companies short on cash are often forced to let workers go, and in October alone companies with 50 or fewer workers eliminated 25,000 jobs, according to the ADP Small Business Report.
“During recent history, we have seen these businesses adding jobs while larger-size businesses shed them,” said Joel Prakken, chairman of Macroeconomic Advisers, which prepares the report. This is the first decline in small-business employment reported by ADP since November 2002, he said, and the largest percentage decline since the economy was emerging from recession in early 2002.
In response, barter exchanges are working hard to sign up participants. The exchanges range from publicly traded entities like International Monetary Systems and the Itex Corporation to smaller operations like U-Exchange.com. Many are reporting double-digit increases in membership, as well as a bump in transactions.
At Itex, for example, registrations jumped 36 percent in October, said Steven White, the chairman and chief executive. The exchange, founded in 1982, has more than 24,000 member businesses.
Bartering has grown with the times and is now much more than “I’ll take yours, if you take mine.” Often, these days, multiple parties meet through online exchanges and amass credit that can be used for future transactions (more like “you take mine and I’ll take someone else’s later.”) Drawing on the reach of the Internet, many exchanges include participants from around the world.
What makes barter so appealing during an economic crisis? Barter specialists point to three attributes. First, a member business can find new customers and use excess capacity. Second, a satisfied barter partner often refers cash-paying customers to the small business. And third, the participants can conserve hard-to-come-by cash.
Ken and Angela Lineberger, owners of the Wine Tailor winery and retail store in Rancho Cucamonga, Calif., said sales would be flat this year had they not been active in the Itex exchange. Thanks to bartering, overall sales are up 8 percent, Mr. Lineberger said.
These are customers who wouldn’t normally seek out their wine, Mr. Lineberger said. “We just had a couple drive over 100 miles to buy six cases of our wine because they’re Itex members,” he said.
Itex customers pay the full retail price, he added; they are not discount buyers. The Linebergers use Itex dollars they accumulate in sales to pay for pest control, electrical work, accounting and legal services. “It’s nice to move those over to Itex,” he said, because it frees cash. They also use it for vacations and other personal transactions.
For tax purposes, barter is treated like ordinary sales, and its value must be reported. The barter exchanges record all transactions and report them to the Internal Revenue Service. Of course, informal bartering among small companies and independent contractors has gone on for decades, and some report the revenue and pay taxes, while others prefer to operate within the underground economy.
Bartering is estimated to generate more than $3 billion through exchanges in the United States, said Robert B. Meyer, who edits BarterNews.com, a trade publication. That does not include corporations that barter directly, he said. Official tallies are hard to come by, he said, because there are more than 250 exchanges and the systems are decentralized.
Hundreds of exchanges are available online, some national and some regional. Some charge membership fees and annual fees, while others do not. Often, there are transaction fees of up to 6 percent.
Small-business owners should do the normal due diligence when looking for an exchange, said David Wallach, president of the International Reciprocal Trade Association’s global board. For references, check with people or businesses in your area that use an exchange, and before entering into a transaction, vet your potential partner with the Better Business Bureau. The association, a nonprofit group that promotes barter and trade, has a test for businesses, “Is Barter for You?,” on its Web site (irta.com).
Chris Keogh, who runs his own construction firm, Jade Stone Construction, in Pearl River, N.Y., just completed his first barter transaction through International Monetary Systems (imsbarter.com).
“The construction business has always been feast or famine,” said Mr. Keogh, 47, a native of Dublin who has been in the New York region for 22 years. During a recent bad stretch, Mr. Keogh was scrambling to drum up new customers through advertising, Craigslist and even roadside signs. I.M.S. Barter saw the Craigslist post and contacted him. After he researched the company, Mr. Keogh said, he decided to give it a try, agreeing to paint a house for $5,000 — $1,000 in cash and $4,000 in I.M.S. trade dollars.
Mr. Dalsimer subsequently referred Mr. Keogh to two new customers. One of them will provide Mr. Keogh’s next project, painting a two-bedroom apartment in Somers, N.Y., in another part-cash, part-barter arrangement.
“You have to be careful how much you trade,” he said, because you don’t want your business to become dominated by bartering. And each side of a transaction carries that 6 percent fee, cutting into profit. Experts recommend that a business use barter for no more than 5 to 15 percent of sales to avoid crowding out cash business.
Many barter exchanges offer credit to members who have been turned away by lenders in the real economy; in its recent credit-line review in October, International Monetary Systems issued $2.7 million in trade credit to its network of 18,000 businesses, adding to an existing $55 million in established credit lines, said Krista Vardabash, its director of marketing.
“We base our credit on the products and services that the member businesses have to offer, not on their cash accounts or how they look on paper,” said Donald Mardak, the chief executive.
To be sure, bartering is not mainstream, said John C. Moore, a founder of U-Exchange.com. Still, traffic at the site, which is run by Mr. Moore and his co-founder, Barb Di Renzo, has spiked 70 percent this fall, he said, with an influx of participants from Spain, South Africa, Britain and the United States.
One new member at U-Exchange is R House Construction, owned by Rich Rowley of Tacoma, Wash. In a recent post on U-Exchange, he offered new home construction, remodeling, home repairs, real estate work orders, home maintenance and commercial improvements. In exchange, Mr. Rowley is looking for vacations, real estate, homes, land, dining, medical care, dental care, a boat, a motor home, groceries, gas, entertainment, a ski pass and tickets to Mariners baseball games or Seahawks football games.
So far he has had no takers, but he said he remained optimistic. “We have to learn to adapt to the changing landscape,” Mr. Rowley said. “Part of that is bartering. The exciting thing is this is another part of the puzzle that gets us to where we’re going.”
His wife, Kathy Robinson, came up with the idea of bartering as their business dropped off, said Mr. Rowley, who usually builds two houses a year and sells them. This year, he sold only one house; the other remains empty.
Even if the U-Exchange post does not work out, Mr. Rowley said, he has arranged privately to do renovation work on a vacation home in Ocean Shores, west of Seattle, while he and his wife stay in another beach home. “We really like to travel,” he said. “We don’t want to be denied that just because the economy is going south.”
Monday, August 19, 2013
BUSINESS 2 BUSINESS
FYI:
Business-to-business barter through a trade
exchange is an effective way to get value out of your spare capacity and
downtime. Members of the exchange network use trade dollars as the form of
currency, providing companies a strategy to increase sales and save cash.
The U.S. barter market makes a staggering
$12 billion annually. In other words, $12 billion worth of goods and
services are traded every year without any currency changing hands. The World Trade Organization estimates that
15 percent of the $5.62 trillion made in international trade is conducted on a
non-cash basis.
Tuesday, July 30, 2013
NO CASH
No need to use your cash! Start trading today to get what you want and need and save money by using trade dollars! Call Trade International Exchange and we will show you exactly how it is done!
Call (855) 900-8439 (TIEX)
Call (855) 900-8439 (TIEX)
Friday, July 26, 2013
INTERESTING PORK BARTER
Business-to-consumer bartering can also involve nonprofit organizations
trading with consumers. For example, in 2000, Lindenwood University, a private
institution located near St. Louis, launched a "Pork-for-Tuition"
bartering program whereby the school agreed to accept full-grown hogs as
tuition payment from cash-strapped farm families struggling to put
their children through school. The hogs were subsequently slaughtered at
a nearby processing plant and served in the school cafeteria as bacon,
sausage, pork chops and ribs. The Pork-for-Tuition bartering program
served as an effective retention tool for students who were at risk of
dropping out of school.
(ref. The Wall Street Journal)
A Backyard Cabin for Barter
A Backyard Cabin for Barter
Hiroko Masuike/The New York Times
By REBECCA ROTHBAUM
For a little more than a year, Ms. Key, a 34-year-old New York artist
and M.F.A. student at Hunter College, has been bartering stays in the
outbuilding behind her 1899 brick row house in Brooklyn in exchange for
help fixing up the main residence. The cedar-shingled one-room
structure, which until recently had been her studio, was built in 2009
on the footprint of an old garden shed. She furnished it with a
quilt-covered bed and framed botanicals, and guests are treated to the
clucking of her three chickens, which roost nearby.
Recently, Ms. Key, who is also an owner of the ArtShack, a Brooklyn
organization that runs art classes for children, discussed the
arrangement, which she calls the Den Transaction. She blogs about it at dentransaction.blogspot.com.
Q. HOW DID YOU COME UP WITH THE IDEA OF THE DEN TRANSACTION?
A. I own this house, but I don’t have any money to put
into it. It’s a real fixer-upper. Space is such a commodity in New York,
especially. I just kind of put those two things together and thought I
could have people stay here and have help. It was a total experiment.
HOW HAVE PEOPLE FOUND YOU?
Posting photos on Facebook and other social media was really helpful. I
also posted it on this artist’s residency Web site Trans Artists, but I
think I need to take it off because I’m getting enough people through
word of mouth. I like the idea of not booking it up for years. A lot of
people e-mail me last-minute.
WHAT HAVE BEEN THE BEST BARTERS?
I’m a single parent. I’m a student. I own a business and a house, and I
make my own work. So I have a lot going on. Some of the most helpful
things have been people cooking for me and my daughter, and fixing
things and gardening.
One person who comes to mind is Akemi Martin, who cooked traditional
Japanese food for me for a week. Every day I got home and there was an
amazing, delicious, healthy spread. I just felt like the luckiest person
in the world.
ANY WILD ONES?
The aunt and uncle of a good friend of mine stayed here over Christmas
while they were visiting their family in New York. They’re sending me a
chick from Montana, which is where they live.
ARE YOU LOOKING FOR ANY SPECIAL SKILLS?
I’m going to put together a wish list soon. The stairs are really old
and falling down, like, inside the house. There’s a wall I want to knock
down there. I need a new kitchen. Where do I stop?
AS MUCH AS IT FILLS A PRACTICAL NEED, YOU ALSO SEE THE DEN TRANSACTION AS AN ART PROJECT.
All my work stems from architecture. I’m interested in how and why we
create the spaces we live in and function in. A lot of my work is about
meshing public and private spaces. The cabin strikes me as the most
private space that you could have. But it’s in this very public realm.
Of course, the yard is not public. But it’s a dense urban environment.
You’re living among other people.
WOULD YOU EVER RECREATE THE DEN TRANSACTION IN A MUSEUM OR GALLERY SETTING?
No, no, no. It can’t be done. “Site specific” is kind of an outdated
phrase, but it’s about the experience of coming here. It can’t be
recreated. I like to work in a specific space and respond to that and
the politics around that space. Every space has a set of politics
swirling around it.
YOUR DAUGHTER IS ALMOST 6. WHAT’S HER REACTION TO ALL OF THIS?
She loves it. Having interesting people come through is priceless. When
Akemi was cooking, we would help her, and she just learned so much.
DID SHE ASK, “WHY IS THIS WOMAN IN OUR KITCHEN?”
No, she calls them the “den people.” She’s used to it. She’ll ask me,
“Who’s coming for dinner tonight?” It’s weird if it’s just us.
Tuesday, July 23, 2013
7 Tips on Barter for Small Business
Article on "tips on barter" for small businesses. Click on the link to read article:
Wednesday, July 17, 2013
BARTER INSTEAD OF PAY
You do not always need money to get the goods and services you need.
Organized barter is a new spin to an old concept. Remember trading your
peanut butter sandwich for chips in elementary school? Now you can use
those innate skills to grow your business.Call
(855) 900-8439 and learn how to start trading today!
(855) 900-8439 and learn how to start trading today!
Friday, July 12, 2013
QUOTE ON TRADE
“The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.”
Adam Smith quotes (Scottish philosopher and economist, 1723-1790)
Adam Smith quotes (Scottish philosopher and economist, 1723-1790)
Friday, June 28, 2013
THE EXPLODING BUSINESS OF BARTERING FROM HARVARD BUSINESS REVIEW
The Exploding Business of Bartering
HARVARD BUSINESS REVIEW
7:00 AM September 12, 2012
Our Global Trends research, along with discussions with senior executives around the world, show that in response to tighter credit and budgets companies are exploring new ways to create and capture value. In this context, they see bartering as a way to steer around the restrictions imposed by cash and credit, to extract value from perishable or underperforming assets, and to expand channels to market and find new customers.
Business bartering has been around for a while (Pepsi conquered the USSR by exchanging the soft drink for vodka in 1990), but the pace is rapidly increasing. In 2010, for example, the North Carolina Bar Association approved the participation of attorneys in organized barter exchanges allowing them, for example, to swap legal services for credits to "spend" on a vast range of services from computing to web design, auto repairs and advertising. Now, at barter exchanges across the world, professionals from doctors to electricians are trading their services for goods, services or "trade credits" which can then be used to pay for business expenses whether printing, advertising or travel. Meanwhile, corporate barter firms, the intermediaries in barter transactions, have flourished, helping companies to create value from assets which may no longer fit their strategy, may not be working at capacity or are no longer needed. Client firms swap what they don't want or need for something they do — frequently media services. In addition to swapping goods and services for media, companies can use the trade credits they receive from the bartering intermediary to exchange for freight, travel, waste management and equipment. Honda, Kia and Subaru have bartered cars for media trade credits. Haymarket Exhibitions made part payment for advertising using tickets to their exhibitions. Leading electronics firms have bartered discontinued stock, placing it in leading hotels in exchange for media and trade credits — gaining a potential new client in the hotel group in the process. Food manufacturers have bartered excess inventory in exchange for media credits or trade certificates allowing them to purchase other services such as hospitality and cleaning. Lufthansa has bartered real estate for media credits and aviation fuel.
Companies considering bartering should consider three questions:
- Are there services for which you could barter to improve your cost base or capacity utilization? For example, if you are in the travel industry, can you trade "perishable" excess capacity — whether rooms or golf tee times — for flat screen TVs or refitting your fitness center, as Magnolia Hotels based in Denver has done?
- What under-performing or non-strategic assets do you have that could generate value through creative bartering? For example, food processor Hormel Foods Corporation sold a frozen food brand which no longer fit its strategic goals to corporate barter firm ICON in return for putting part of its media spending through ICON.
- What other assets could you benefit from bartering? For example, could a barter deal quickly expand reach, credibility or brand recognition in the market for new products poised to launch? One start-up microbrewery in the US funded its launch and purchase of essential services by bartering for its stock via a barter exchange — building its brand in the process.
Wednesday, June 26, 2013
BARTER ECONOMY
This is a great article I found on barter economy and wanted to share it:
Bartering may sound like a style of commerce more fitting to a backwater marketplace than a modern capitalist environment. According to the International Reciprocal Trade Association—an organization created to promote “just and equitable standards” in modern bartering—the U.S. barter market is a staggering $12 billion annually. In other words, $12 billion worth of goods and services are traded every year without any currency changing hands.
People often require some encouragement to give bartering a shot. Debbie Lombardi, president and founder of Barter Business Unlimited, a Connecticut-based exchange network, says that despite her company’s track record and 4,000-plus registered members, she still regularly encounters resistance and confusion from prospective customers. “Nobody comes to me and says, ‘I’ve always wanted to try bartering,’?” she admits. “It’s more like, ‘I don’t get it. Is this some kind of scam?’”
Barter Economy excerpt from Bloomberg Businessweek, Rise of the Barter Economy
Barter Economy is further defined by the link provided.
Barter Economy
No Currency? No Problem!
A barter economy is an economy that lacks a commonly accepted currency, so all exchanges must be made with goods and services because money does not exist in these economies.Bartering may sound like a style of commerce more fitting to a backwater marketplace than a modern capitalist environment. According to the International Reciprocal Trade Association—an organization created to promote “just and equitable standards” in modern bartering—the U.S. barter market is a staggering $12 billion annually. In other words, $12 billion worth of goods and services are traded every year without any currency changing hands.
Barter Economy is Gaining Steam
Scott Whitmer, founder of trade exchange company Florida Barter, says that while 2011 saw positive signs of an economic recovery, many small and medium-size companies are still struggling. “Bartering has continued to help many [of these] companies grow and conserve cash,” he says. Though Florida Barter enjoyed a record 2011—a 12 percent increase in total trade volume; more than $17 million worth of trades among the 1,600 clients—Whitmer says bartering as a business practice is still in its infancy, “on the cusp of exploding.”People often require some encouragement to give bartering a shot. Debbie Lombardi, president and founder of Barter Business Unlimited, a Connecticut-based exchange network, says that despite her company’s track record and 4,000-plus registered members, she still regularly encounters resistance and confusion from prospective customers. “Nobody comes to me and says, ‘I’ve always wanted to try bartering,’?” she admits. “It’s more like, ‘I don’t get it. Is this some kind of scam?’”
The Barter Economy is no Scam
It’s no scam, but it can be complicated to the uninitiated. As Lombardi explains, “We run like a little bank.” Members are paid in “barter dollars,” which they can exchange with other members for goods and services. Within the bartering community, it’s the only acceptable currency. “It’s like going to a barter mall,” Lombardi says. “They can do all their holiday shopping. They can get the carpets cleaned. They can pay for their child’s orthodontic work. It’s almost limitless.”Barter Economy excerpt from Bloomberg Businessweek, Rise of the Barter Economy
Barter Economy is further defined by the link provided.
Incoming search terms:
- barter and trade
- barter trade swap
- trade and barter economy
- an economy based on barter and trade
- how would a barter economy trade?
- equitable exchange bank in barter
- economy based on barter and trade
- before money was invented how were goods and services exchanged
- bartering economy
- bartering
Share and Enjoy...
(ref. http://trade-in-exchange.com/barter-economy/)
Friday, June 21, 2013
FEEDLY
Recently I cam across this article regarding "feedly" and I thought it was very interesting. Here I share it with you:
Google Reader has been widely adopted by content curators, but Google is retiring this product on July 1.
An ideal replacement is Feedly, which lets you easily receive, organize, read and share content from your favorite blogs.
With Feedly, the most recent content from each blog you subscribe to is added each time you open it up. Feedly makes sure you see new content and provides a central place to read and share it from.
Features:
Prior to July 1, you will need an account with Google Reader to use Feedly; if you don’t have a Google Reader account at this stage, wait until July 1 and register with Feedly directly.
For now, when you first install Feedly, it connects to your Google Reader account and imports your current feeds. After July 1, you can use Feedly as a standalone application.
Once you have Feedly installed, you are ready to add feeds from your favorite blogs. To add a new feed, select the ‘Add Content’ option and enter in the feed URL, a title or #topic.
We searched for Jay Baer’s blog Convince and Convert.
When Feedly finds the blog you want, click the ‘+’ button to add it to your Feedly feed.
When you add a feed, you will be asked to do some basic configuration to help identify the feed with a title. A useful tip, shared by Kristi Hines, is to name the feed with the Twitter address of the person/company who provides the content so you don’t have to look up their Twitter address each time you share something.
In addition to naming the feed, you can also categorize it. This lets you organize blogs into custom categories such as personal and business.
#1: Subscribe to Blogs Using Feedly
Blog posts can be a great source of content, but it takes time to visit each blog and check for new posts every day. Subscribe via email and you get far too many emails or they may not arrive at a suitable time for you to read them. This makes an RSS reader a valuable curation tool.Google Reader has been widely adopted by content curators, but Google is retiring this product on July 1.
An ideal replacement is Feedly, which lets you easily receive, organize, read and share content from your favorite blogs.
With Feedly, the most recent content from each blog you subscribe to is added each time you open it up. Feedly makes sure you see new content and provides a central place to read and share it from.
Features:
- Use Feedly on Desktop and Mobile – You can use Feedly from your desktop and Android, Apple iOS and Kindle mobile devices.
- Integrate Feedly with Buffer – Instead of sharing all of your content at the same time, Buffer will spread publication out across preconfigured times.
- Organize post views to suit your reading style – There are some excellent configuration options that allow you to view posts in the way that best suits you. You can group blog posts into different categories, scan a summary of the posts, view the full posts, save posts to a queue for later viewing or tag articles so you can find them easier in the future.
- Find new feeds – A feed is the content of a blog you subscribe to. In Feedly, you can search for new feeds by category, by entering in the URL of the feed or by searching with keywords.
- Take advantage of Pinterest integration – You can pin images directly to your Pinterest boards from within Feedly.
- Get Curated Featured articles– You can switch this feature on or off. When it’s on, Feedly will automatically highlight popular articles.
Prior to July 1, you will need an account with Google Reader to use Feedly; if you don’t have a Google Reader account at this stage, wait until July 1 and register with Feedly directly.
For now, when you first install Feedly, it connects to your Google Reader account and imports your current feeds. After July 1, you can use Feedly as a standalone application.
Once you have Feedly installed, you are ready to add feeds from your favorite blogs. To add a new feed, select the ‘Add Content’ option and enter in the feed URL, a title or #topic.
We searched for Jay Baer’s blog Convince and Convert.
When you add a feed, you will be asked to do some basic configuration to help identify the feed with a title. A useful tip, shared by Kristi Hines, is to name the feed with the Twitter address of the person/company who provides the content so you don’t have to look up their Twitter address each time you share something.
In addition to naming the feed, you can also categorize it. This lets you organize blogs into custom categories such as personal and business.
Wednesday, June 12, 2013
Tuesday, June 11, 2013
The Ancestral Feeling
In a world in which we are all so socially connected we are loosing the most important ingredient in the recipe to have a good client following. We have forgotten that fuzzy warm feeling that we create when we talk to each other or when we shake hands or just know our customer. We are so involve with our blogs, twitter, Facebook and company that we forget that people still prefer to do business with people they know. When you barter you have that human contact. That ancestral feeling of doing the deal right because it will mean that you are doing business with your neighbor. I know it is old school. But it works.
Monday, June 10, 2013
Think Barter First
"THINK BARTER FIRST." This is what I try to inculcate in all my clients. When they ask me why is it so important, I always answer the same way: "IT MAKES SENSE!!!!"
If you read my blogs or my articles (wiki-how), you will also see how it makes sense to always THINK BARTER FIRST.
~ Eddy Anton
If you read my blogs or my articles (wiki-how), you will also see how it makes sense to always THINK BARTER FIRST.
~ Eddy Anton
Saturday, June 8, 2013
Prosumer
You
can be a consumer or a producer. When you barter you can be a a
prosumer. If you want to learn about how to benefit from being a
prosumer contact me:
EddyAntonJr@gmail.com
EddyAntonJr@gmail.com
Monday, June 3, 2013
Tip of the Day
TIP OF THE DAY from Trade International Exchange (TIE):
Think of ways to use barter to create an incentive for your employees. Perhaps that bonus can be a weekend mini vacation or a couple of tickets to a football game.
Call to find out how to get started! (855) 900-8439 (TIEX)
Think of ways to use barter to create an incentive for your employees. Perhaps that bonus can be a weekend mini vacation or a couple of tickets to a football game.
Call to find out how to get started! (855) 900-8439 (TIEX)
Think Trade First
Think trade first. This means that before you
spend cash you ask yourself if you can get it on trade. If in doubt,
ask your trade advisor at Trade International Exchange (TIE)
Friday, May 31, 2013
I Talk to Strangers
I
met Robbie Stokes last year and was very impressed with his passion,
commitment and the message he is sharing all over the world. The I Talk
To Strangers documentary project will be the first documentary about
strangers fully funded by strangers. Robbie needs, within the next 24
hours, the fundraising goal of $20,000 and he is only short a little
over $2,500. If he does not reach it, he will loose all the funding so
far given by complete strangers. Please click at the bottom link to
learn about the project and make a financial contribution for as little
as $1 to whatever amount you can.
Thank you for your support.www.italktostrangers.com/kickstarter
www.italktostrangers.com/ kickstarter
Thursday, May 30, 2013
Social Media
If you are new to our page/blog, welcome to Trade International Exchange (TIE)! We are the hottest, upcoming trade exchange in the market! If you haven't visited our social pages yet, take a look now and join us on this great adventure!
Check out our Twitter, YouTube, Linked In, Yelp, Instagram, & Pinterest pages....
Share with your friends!
Twitter = mytiex
YouTube = mytiex
Linked In = Trade International Exchange
Yelp = Trade International Exchange (give us a review)
Instagram = tiextrade (follow us)
Pinterest = TieTrader
Tuesday, May 28, 2013
In today’s difficult recession economy,
firms
are eager to increase sales and market share, move idle inventory, and
keep a
positive cash flow to motivate and retain key employees. Wise companies
are
gaining a distinct competitive edge by using trade. TIE members are
perceiving the additional benefits provided by us,scoring big during
this recession.
Acting as a firm's sales force, we find buyers and sellers, help arrange deals using trade dollars instead of valuable cash, and make sure the transactions go smoothly. We certainly have rewritten some of the bartering rules. Now the business owners are the ones to come out the really big winners. But we are not stopping there, we are now working to use barter in Mezzanine Financing, selling a business quicker, using Barter to supplement retirement accounts, and as an investment vehicle when purchasing real estate.
It is a new world, with new challenges and opportunity and at TIE we are helping shape it.
~Eddy Anton
Acting as a firm's sales force, we find buyers and sellers, help arrange deals using trade dollars instead of valuable cash, and make sure the transactions go smoothly. We certainly have rewritten some of the bartering rules. Now the business owners are the ones to come out the really big winners. But we are not stopping there, we are now working to use barter in Mezzanine Financing, selling a business quicker, using Barter to supplement retirement accounts, and as an investment vehicle when purchasing real estate.
It is a new world, with new challenges and opportunity and at TIE we are helping shape it.
~Eddy Anton
How TIE is Born
The Barter industry is not living up to
its expectations, especially during this recession, when it should be
peaking. Many businesses are struggling to adapt, evolve, and maneuver
through
these tough economic times. Barter is an answer but a complete overhaul
of the
entire barter concept is necessary in order to rebuild the
barter process.
At TIE we did not stop with the old
industry standard of no blended accounts. We also eliminated the Broker
level, completely dismissing the traditional middle
man in every barter deal. This one benefit alone will save many barter
members
thousands of dollars a year.
Not satisfied with these, we decided that we should also revolutionize the way exchanges should communicate, advise and manage their clients . So we implemented a system that offers our members the most hands-on, in the field, face-to-face barter services known. Our certified Trade Advisors receive a level of training that allows them to serve not only as trade facilitators but also marketing and sales specialists for our members. The Trade Advisors, through their research into our members industry and their multiple visits to the members facilities become an extension of our members marketing and selling team.
Our Trade Advisors also play an important role in our education initiative "Think Trade First". Our monthly breakfast meetings not only support the "Think Trade First" plan but also create a fantastic networking opportunity for our members and continue educating our members on how to effectively use their trade dollars, constantly maximizing and improving their position.
~Eddy Anton
With
this thought in mind TIE (Trade International Exchange) was born, we impressed upon business owners
the
main benefit of barter. And in particular we emphasize our very TIE way
of doing things, for example: Blended Accounts. Members in
industries that have a significant out-of-pocket overhead can charge
barter
customers a blend of part-trade and part-cash. Traditionally, sellers
could charge only trade dollars for their products or services. This
rigidity precluded many industries from benefiting of the values of
barter. The blend concept was
established for certain industries. An industry standard had to be
challenged and defeated.
Not satisfied with these, we decided that we should also revolutionize the way exchanges should communicate, advise and manage their clients . So we implemented a system that offers our members the most hands-on, in the field, face-to-face barter services known. Our certified Trade Advisors receive a level of training that allows them to serve not only as trade facilitators but also marketing and sales specialists for our members. The Trade Advisors, through their research into our members industry and their multiple visits to the members facilities become an extension of our members marketing and selling team.
Our Trade Advisors also play an important role in our education initiative "Think Trade First". Our monthly breakfast meetings not only support the "Think Trade First" plan but also create a fantastic networking opportunity for our members and continue educating our members on how to effectively use their trade dollars, constantly maximizing and improving their position.
~Eddy Anton
SHOPPING CENTER ON TRADE PURCHASED BY EDDY ANTON
Proof you can buy real estate on trade! Here are some pictures of the shopping center I +Eduardo Anton purchased on TRADE via
TRADE INTERNATIONAL EXCHANGE!
The possibilities are endless with trade!
ANTON & FOX
Here I am Eddy Anton, +Eduardo Anton with the talented and beautiful TV & Radio personality, Jessica Fox getting ready to film our infomercial for TRADE INTERNATIONAL EXCHANGE!
Benefit of Bartering - by Eddy Anton
I could write a book about this subject. Recently, I was filming an infomercial and educational package about bartering and I was asked by the director to give the three main benefits of bartering. By the tenth or eleventh take I screamed "THERE IS ONLY ONE BENEFIT TO BARTERING (insert foul language here), MORE SALES". Obviously, I over simplify my answer to the director. So, it got me thinking about this issue.
After some soul searching, this is my attempt to codify some of the benefits of using barter or trade.
CONSERVE CASH: Barter helps you and your business conserve cash by using trade dollars to obtain what you want or need. Trade dollars are credited to a trade account in the trade/barter exchange, which can then be spent on any item or service desired from within the network.
INCREASE EXISTING BUSINESS: The barter exchange markets your business to other member businesses in your member directory, through weekly email blasts and through their Trade Advisers. Your business gets incremental sales from buyers looking for barter opportunities within the network. You can improve cash flow by increasing sales and reducing costs. Participating in an exchange does both! Trade enables you to pay for the products and services you need with what you have. When you hire a contractor, paint your office, or buy office supplies with Trade Dollars, you conserve your cash to pay for other expenses. And, when you purchase using Trade Dollars, you pay for it with revenue from new sales - sales that you probably would never have had.
CREATE NEW BUSINESS: Every business owner has excess inventory, production, capacity or appointment time. That unscheduled appointment today has zero value tomorrow. When you join a exchange, it provides you with new business to put your excess to use in profitable ways. They accomplish this, by matching your product or service with businesses looking to purchase them on trade. “Word of mouth” is the number one source of advertising for small businesses and if you do a good job for a exchange member, they will refer their cash-paying friends, customers, family and other businesses to you. In addition, trade revenue from the incremental sales that the exchange will bring you, will attract more cash customers and build your brand and create new business by allowing you to advertise via television, radio, print, online campaigns, and direct mail.
WHOLESALE BUYING POWER: With an exchange, the real cost of the goods you purchase on trade is actually the wholesale cost of your Trade Dollars earned. Making sales with built-in profits makes the cost of your purchases more economical on trade.
MOVE INVENTORY AND FILL IDLE INVENTORY TIME: Trade allows you to improve inventory management. By converting excess products into valuable goods and services. If you trade, you avoid having to liquidate excess inventory through drastic discounting. If your small business experiences seasonal markets, trade provides a profitable way to use the inventory on a regular basis. Using a trade exchange provides a system to put that excess to use in profitable ways.
EMPLOYEES INCENTIVES: Trading is also a great way to offer bonuses, contest prizes, wellness programs and tickets - all available to you without using cash, and all based on your cost of the incremental business that the exchange has brought you. For example, by using a trade exchange dentists, you can provide a much appreciated benefit to employees without having to pay cash for it.
Monday, May 20, 2013
TRADE ADVISORS
A TIE Trade Advisor works with you to bring your company
new sales and increased market share, to move available inventory and to
minimize cash outlay for everyday business expenses. Members of an exchange use
trade dollars, instead of cash, to handle their transactions. Trade
International Exchange provides you with your own “sales force.”
You can charge retail value for goods and
services in trade dollars, instead of selling them for reduced rates in cash or
having them go unsold. TIE acts as a third-party record keeper, providing members with monthly statements that
reflect all trade purchases and sales and show the current trade-dollar
balance.
Saturday, May 18, 2013
Tuesday, May 14, 2013
INFOMERCIAL
Trade International Exchange's staff has been hard at work getting our infomercial ready! We can't wait to be able to share it with you as well as all the educational material (CD/DVD's) we are preparing for you on how to be a # 1 "Trader"
Friday, May 10, 2013
NETWORK WITH TIE!
Let TIE get you what you want by giving others
what they need. Buy, Sell, Trade! Come network with us and open up a
whole new world of business contacts via Trade International Exchange (TIE)
BUY, SELL, TRADE TODAY!
BUY, SELL, TRADE TODAY!
Wednesday, May 8, 2013
STRANGERS CHANGING THE WORLD
Interesting project! Watch and pass it on:
We can change the world one stranger at a time!!!
Click on link and watch video:
http://youtu.be/jh5qhzGBCpo
We can change the world one stranger at a time!!!
Click on link and watch video:
http://youtu.be/jh5qhzGBCpo
Thursday, May 2, 2013
NEW BUSINESS
Every business owner has excess inventory, production, capacity or
appointment time. That unscheduled appointment today has zero value tomorrow.
When you join TIE, we provide you
with new business to put your excess to use in profitable ways. We
accomplish this by matching your product or service with businesses looking to
purchase them on trade. Eventually, there is a full circle of trade that takes place. Try it today!
Wednesday, May 1, 2013
EMPLOYEE INCENTIVES
Trading with Trade International Exchange (TIE) is a great way to offer employee incentives such as bonuses, contest prizes, wellness programs and tickets - all available to you without using cash, and all based on your cost of the incremental business that TIE has brought you.
For example, by using TIE member dentists, you can provide a much appreciated benefit to employees without having to pay cash for it. It is a win-win situation. If you would like to learn more about my trade tips, feel free to email:
Eddy@TradeInternationalExchange.com
Thanks,
+Eduardo Anton
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