During the economic downfall of the United States in 2008 money became scarce as people were jobless, going into foreclosures and really couldn’t spend money on the extra items they wanted. In turn, a great tool that was used all the way back in the early centuries suddenly became extremely popular again: that is a bartering system. Bartering is a great tool that can increase your income and actually make you money but you need to be smart about it. Let me give you some insight on the Secrets Of The Successful Bartering.
Firstly and most importantly is you must know the products you’re working with. The better you know your product, the more you will be able to know the true value. You can’t sell something you know nothing about, right? Master your products and know them inside and out. Know how to spot fraudulent or damaged products which can save you a lot of time and money down the road.
Okay, so you know the products you’re aiming to get while at the same time you’ve mastered your favorite valued items to barter. Next comes the fun part! Bartering is a trade and science all within itself. It entails quite a few details but let me break them down simply as possible for you.
Three Steps Of Successful Bartering
1. Read your potential trader. If you have an item that the person really wants, they will surely be willing to let that item be traded for one that is of lesser value. This is a gold mine for you and often the easiest way to make barters happen. Try to gauge the interest that your potential trader has in your item. This is a great tool to use not only in bartering but all life situations.
2. This bartering system entails trying to barter anything and everything. Look through your closets, garage, yard sales, practically anywhere. You will be surprised as to what valued items people will be interested in. An example, I once traded an old CD player valued at about $50 and bartered it up to a brand new computer simply because the guy really wanted a new CD player. Everything has value, but the value changes depending on the person.
3. The next step in the bartering game is to figure out where to find a potential market. The best place is simple, and I’m sure you know of it: Craigslist. Craigslist is an amazing website that you should take full advantage. Another tool to add to your arsenal is the power through word of mouth via friends and family. With social networking sites like Twitter and Facebook you can interact with people that you know will trade with you.
So the next part of this process is up to you. How much money you make and specifically finding the right valued items is solely up to you and your successful bartering. I’ve given you the guidelines now you have to put in the action! The harder you work and more people you reach, the more potential you have to make some extra cash. Good luck to you and thanks for stopping by. If you’re interested in changing your financial situation look at more Ways To Make Money.
