Got outdated or low value inventory filling your storeroom? Turn it into a commodity quickly with barter. Using modern exchange networks, virtually any product or service can be traded for another, from surplus cleaning products to printers and office equipment to even haircuts and massages. When participating in an exchange network, you trade surplus goods in exchange for credits, so it’s not like trading a car in a direct exchange for your neighbor’s boat, for example. The goods you acquire do not necessarily need to be attached to the goods traded. The credits work like money, but are limited for use with other participants of the barter exchange network for other valuable goods or services you need.
Barter has become a new way to do business in this surplus economy. Businesses may have plenty of surplus products and production time due to layoffs, discontinued markets or other fall out from the recession, but cash certainly isn’t one of them. Barter is a way for businesses to get what they need while liquidating merchandise, all without the use of cash. Since you trade at your cost of goods (wholesale value), there is room for profit incentive, and some people are even able to establish their own independent businesses from the trades they initiate on the network.
Of course, like any market, it pays to have some expertise on the concept. To take optimal advantage of trading, many businesses are having their employees attend barter training seminars. The investment is modest and a business can gain a substantial ROI by learning how to profitably turn excess capacity and products to improve their bottom line. Considering the savings and ability to turn otherwise worthless commodities into needed inventory, it’s an investment that pays the company back over and over again in the long run.