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  • Writer's pictureThe Money Coach

Bartering - the New (Old) Currency

Bartering brings to mind images of medieval traders. Although the concept hasn't changed over time, online bartering marketplaces have become an entrepreneur favorite. The tricky part is to determine the value of the items or services traded. I recently read an excellent article with good guidelines to establish a favorable barter. The key takeaways include:

Decide what you want to barter

Properly estimate its value

Determine what you need

Consider using an exchange or direct bartering.

Check out your prospective bartering business partner

Know your negotiating limitations

Prepare legal documentation

For more information about modern-day bartering, take a look at this article.


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