Friday, August 19, 2022

No products in the cart.

  • About
    • Contributors
    • Disclaimers
    • Terms & Conditions
    • Giving back
    • Mission Statement
    • Past Issues
    • Where to Find
    • Call us at 613-935-3763
  • Advertise With Us!


  • Home
  • News
  • Leisure & Lifestyle
  • Columns
  • LTE
  • Events
  • Contributors
No Result
View All Result
No Result
View All Result
The Seeker Newsmagazine Cornwall

Bartering In Business

Editorial Board by Editorial Board
March 7, 2014
in News and Announcements
Reading Time: 2 mins read
25 0
Read more of The Seeker online at  theseeker.ca

Read more of The Seeker online at theseeker.ca

15
SHARES
169
VIEWS

You might also like

So I tested positive for Covid – Day 3 of isolation

Businesses that are being lucrative in Ontario

Ontario Introduces A Plan to Stay Open: Health System Stability and Recovery

Read more of The Seeker online at  theseeker.ca
Read more of The Seeker online at theseeker.ca

Bartering is when you swap or trade goods or services for those of another without exchanging money. We do it all the time with family and friends, so why not with other business owners? There are many different ways to barter that can be effective ways for small business owners to expand your businesses and/or reduce your costs.

Bartering has many benefits and there are a number of reasons why you may want to explore bartering.

  • Often you can fill a need that you have without spending any money
  • You may meet business owners from a different industry and create a relationship that provides various opportunities
  • You can build a network of colleagues that may become a source of referrals

Typically, bartering begins when one business owner approaches another business owner who offers something they require.Make a proposal that indicates the services or products involved, the value, and an explanation as to why it will be mutually beneficial. You might be surprised how easily an agreement can be made.

Whether you are a seasoned entrepreneur or are just starting your business, bartering arrangements should be treated like any other business relationship. There are steps you should take to ensure that you are supporting your small business and creating the foundation for a successful experience.

Before agreeing to a barter arrangement, measure what you will be giving and what you will be receiving in return – the two should be of relatively equal value. You should also verify that the other person is qualified to provide the product or service that they will be providing and that they have the authority to make the agreement. It is normally better to work out the particulars of a barter arrangement through the business owner or manager.

A written agreement should outline the terms of the bartering arrangement, and it can be the most important part of the relationship. Be sure to clearly outline what each party is providing as well as a timeline or deadline. You should also plan to communicate with the other party on a regular basis in order to continue to build the relationship.

Bartering is not always in the cards – do your homework and choose reputable businesses that you want to be associated with. Bartering is a give-and-take proposition that can be very valuable to both parties involved, but only if both parties understand the concept.

Author

  • Editorial Board

    View all posts

Next Post

Taking the pulse of the female portion of the Community

Place YOUR ad here now

Facebook Twitter Instagram Youtube TikTok

Don't miss anything!

Get notified of all our new news by ringing the bell at the bottom right corner!

The Seeker Newspaper is located at 327 Second Street E., Cornwall, ON K6H 1Y8 -- All rights reserved
The Seeker does not accept responsibility for errors, misprints or inaccuracies published within. The opinions and statements of our columnists are not to be presumed as the statements and opinions of The Seeker, and should not substitute professional or medical advice.
ISSN 2562-1750 (Print)

ISSN 2562-1769 (Online)
No Result
View All Result
  • Home
  • News
  • Leisure & Lifestyle
  • Columns
  • LTE
  • Events
  • Contributors

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In