There are a few professional trading exchanges if you dont mind paying a commission

Author : LandonBuelow
Publish Date : 2020-10-24


There are a few professional trading exchanges if you dont mind paying a commission

With the recent downturn in the economy, businesses are looking for other ways to make money and profits. And why more money? Possibly so your company can afford to pay for a service or product of another company. But why use money?

Trading and bartering are very old-fashioned forms of doing business, and they are still in use today just as they were back then. It's all about a simple, equal trade. You swap a good or service for another of equal value.

There are a few professional trading exchanges, if you don't mind paying a commission for the products or services traded. Just list whatever you would like to trade. You are then given a credit for the value of your trade. You use that credit then to acquire other products or services which have been put on the list by other companies.

What many businesses choose to trade is often extra service time, or excess inventory they would like to get rid of. Rather than take it as a loss, why not use it to get something else you could use, something your business needs. Trading excess products is often a great way to supplement budgets, too. Why not use the trade credit for purchasing advertising. It won't cost you money, but rather something you already have.

And sometimes the bartering ends up going in a circle. If you are an advertising media, you may need to entertain guests and advertising clients. So, you trade in advertising time for restaurant meals. In turn, the restaurant might need some electric or computerized equipment, so they will trade for something along those lines. And the electrical or computer company just may be looking for an inexpensive way to advertise. Lo and behold, there is your company! And, would you believe it, there was no monetary cost in any of this?

Trading exchanges may not be highly popular at the moment, despite thousands of trades being made quite often. But they are becoming considerably more popular, opening new doors. And some of them are even trading with each other, which opens more and more new doors to you and your company.

You can trade for all sorts of things such as hotel rooms, printing assignments, advertising, restaurant meals, airfare, and why not even temporary help for when your company is too busy.

And trading can be even valuable free advertising. Companies might never have heard of you, and will be excited to hear that you offer just what they need!

One exchange is based in Illinois, and is known as the NTA, or National Trade Association. They estimate that as much as 10% of business is actually done via trading and bartering in any one given year! It might not be a large percentage, but it sure does add up fast! And just think of all of the savings for your business!

Exchange companies usually charge a membership fee, and many even offer a line of credit so you can start using them before you even have anything to trade. And the best part of using such a company is that you don't need to have an even trade. You can get several smaller trades that equal the value of your larger trade.

Unfortunately, the IRS is watching trading and bartering as well. You must remember to always claim what you "sell" through trading to the IRS.

Although most trade offers would be during a person's slower weeks, or include only a limited selection, or even be available during only low travel seasons.

https://www.google.com/

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