Successful barterers within a trade exchange exhibit some of the same characteristics:

They’re excited about purchasing at a wholesale barter cost, so they exhibit a very positive attitude about barter.

They understand that communications with their trade broker is of utmost importance, and weekly communicating is a must. It’s a part of their business agenda.

They’re also very aware that patience is necessary in the barter world. Because not every business barters (not yet anyway) sometimes a product or service isn’t readily available.

Good traders are thankful for the wide array of availabilities, and actively barter for what’s obtainable by focusing and spending their trade dollars in the following manner:

Priority One: Products and services to increase business—advertising, radio, TV, newspapers, handbills, etc.

Priority Two: Business expenses—supplies, signs, furniture, business machines, maintenance, etc.

Priority Three: Investments—art, collectibles, real estate, buying equities or deeded properties and selling them for cash through exchange Realtors whose commission is in trade.

Priority Four: Personal items—insurance, doctors, dentists, clothing, home improvements, etc.

Priority Five: Luxury items—travel, jewelry, stereos, etc.

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This entry was posted on Sunday, March 9th, 2008 at 10:44 am and is filed under Entrepreneurs & Small Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.