BBB Small Business Advice: Save Money by Bartering

~~  BBB Small Business Advice: Save Money by Bartering  ~~

The concept of bartering predates currency, however currency isn’t as easy to come by these days and some business owners are seeing the benefit in trading their goods or services, instead of dealing in cold hard cash. Better Business Bureau offers the following advice for small business owners on how they can benefit from bartering.

According to Craigslist, a network of online classifieds, bartering ads have doubled in the past year. Craigslist attributes the increase to the declining economy.  It is possible for individuals to barter just about any item or service on Craigslist; but bartering isn’t just for individuals. About 400,000 U.S. companies are doing business-to-business bartering, resulting in $3 billion to $4 billion in transactions annually, according to the International Reciprocal Trade Association.

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