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Top Habits of the Successful Barter Trader

July 16th, 2012 · No Comments · Barter Blog

Like any other craft, optimizing your participation in a barter exchange takes skill and technique. While the barter network offers a wealth of opportunities for profit potential with members offering valuable goods and services, you need to be well trained to know what you’re doing and generate the most return on your investment. You’ll need to cultivate the best in trading habits to make the most of your barter exchange.

Patience

Not everything is available all the time. The key to barter is to find what you want when it’s an abundant surplus. Like any other market, it’s a matter of supply and demand. Merchandise comes and goes. Wait until the time is right to use your trade dollars and get what you really want.

Nail It

At the same time, don’t wait too long when the opportunity presents itself. If you find the item you need at the rate you want, jump on it . . . even if it’s the middle of the night. Good barter deals don’t wait for you to sniff them out. Find them before your competitors.

Creativity

The only limits to barter is your imagination. In this economy, it can come in handy in ways you don’t expect. Why not pay your suppliers with barter? They may be able to get a better rate, and you can meet your needs with surplus. If bidding for a competitive job, offer to be paid in trade – as incentive to select your company as the vendor. Always remember to think outside the box.

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