The 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.