Bartering

468 views

Published on

Published in: Business
  • Be the first to comment

  • Be the first to like this

Bartering

  1. 1. The Basics of Barteringroshankumar.2007@rediffmail.com
  2. 2. Bartering has been around as long as people have.Before the exchange of money for goods and services,people would trade for the necessities of life. I’ll give youmy basket of apples for your basket of potatoes. I’ll tradeyou some of my grain for that load of wood youchopped.The exchange of currency for goods and services maybe simpler but bartering has never really disappeared.For example, prisoners commonly use cigarettes ascurrencies to get protection or extra food because that’sall they have to work with and kids transact lunch-boxtrades every day.The value of something is relative. The kid who getscookies every day might crave the cream-filled cupcakeof his friend and be willing to trade more of his lunch forit. As in all bartering, the ideal situation is when eachparty gets something they consider more valuable thanthe thing they’re giving away.The recent economic downturn made bartering apopular undertaking again for both businesses androshankumar.2007@rediffmail.com
  3. 3. individuals and bartering websites have been poppingup. You list the items and/or services you have to tradealong with the thing or service you want to acquire andwait for someone with what you need to reply.Trading with someone seems simple enough but thereare a few basic rules to keep in mind. Think of all of the skills and possessions you would be willing to trade and list everything. There’s a greater chance of getting a favourable response . You may see something you would like to trade for that hasn’t been offered. It can’t hurt to ask the person about it. The worst that can happen is they will say “no.” Stay safe. When meeting for an exchange, have someone you know go with you and meet in a public place. Don’t let someone coax you into trading something you don’t want to trade and don’t barter for something you really don’t want. Be prepared to just walk away. People may try to offer services that don’t quite seem on the level. Ifroshankumar.2007@rediffmail.com
  4. 4. you wouldn’t pay them for it, don’t barter with them for it, either. There are no guarantees when bartering. You can turn something on to make sure it works but, even if it starts up, you still can’t be sure that a laptop doesn’t have a dying battery. You can’t blame the other party for a bad trade. The choice to barter was yours and, just as you can make a bad decision when making a retail purchase, it can happen when you barter, as well.Bartering gave way to currency because it could be justplain impractical at times, taking a lot of time and workto find someone who wanted what you had to offer whoalso had what you needed. Even today, trying to decideon what constitutes a fair trade can be problematic.For those reasons, bartering probably isn’t for everyonebut trading for what you need could be the solutionwhen you find yourself short of cash.roshankumar.2007@rediffmail.com

×