Sunday, August 17, 2008

Bartering and Creative Community Spirit Keeps Food Pantry's Full

The group of women in the Appalachian area who barter tend to have full food pantry's nearly all the time. Bartering is thought of as trading something for something else needed, usually commodies. Bartering can be life sustaining for rural poor or poverty stricken areas. Maybe it is this condition of poverty that has lead this community to revive the bartering business. Successful bartering takes well thought out plans. Women will question what they really need and what they can trade to their neighbor. To be fair, the women ask themselves will what they trade really be what their neighbor needs. This is a trustworthy community spirit of livelihood necessities. This business adventure was an eye opener when results were seen. The women need to take inventory of their food supplies every month or when they schedule to do shopping. During this inventory process they take into account if visitors will be coming and also the weather conditions in winter months.

Usually there will be one driver and this is talked about between and among all of them. All pitch in to help pay gas or barter some food. The car that gets the best gas mileage will be the one taken. This town shopping is talked about for awhile before actual group shopping begins. As a woman picks her food she may be buying for a neighbor only to barter this item for something the neighbor has that she needs but can't afford. This same woman may not have enough money to buy the item she actually wants or needs but knows the bartering system will relieve this need. Usually every woman will check their staples like flour, meal, butter, and milk, before checking other items. The staples can go a long way for life sustaining measures when needed. Foods like beans, rice, and can greens are on the list.

These food items contain protein and minerals that are needed. The remaining items are then checked and replaced. Some will barter for meat. One month beef might be the meat protein of choice. The next month it might be pork or chicken. It's not unthinkable that there have been times that families could eat off the same slab of meat if large enough. Meals can be cooked in like manner. For example, one family might be having vegetables and ham for supper. Another family might be having vegetable soup from the week leftovers. The families can interchange food during these meals so both families can have vegetables, ham and soup.

There are community or family gardens planted in the spring with produce that lasts late into the fall of the year. Should someone in the community not be able to garden they will barter fresh vegetables for maybe a piece of meat. Usually the thought of accepting charity may not be highly regarded. The idea of "I got to trade for it," is usually the thought of the community mentality.
Truly this financial business bartering idea keeps the family fed and the costs down. Even though gas prices are inflated these women keep those prices down by doing a well thought out shopping plan and car pool on these visits. There have been times when visiting in the Appalachians these women would give us food to take home. One woman said she lived on nearly six hundred dollars a month and said she had never had it so good. This same woman give us food to take home with us. Not taking the food would have offend her. This community of women continues to have a hearty pantry full of food. With current economic talks of a possible recession, one might question the community spirit of bartering to better their own economic status.

Geri F. Brewster

Geri F. Brewster is a registered nurse and an adjunct instructor at Ivy Tech College. Geri also spends some of her time in the summer working in the Appalachians in health ministry. She is also a Parish Nurse.

Sunday, July 20, 2008

Why Buy When You Can Barter?

Bartering - Back in Style?

The current cash money system is doing a really lousy job of what it is supposed to be achieving. What is it supposed to be achieving? Simple, the current money system is supposed to ensure that ALL goods and services are linked and transacted in an economy. Imagine the following 2 scenarios:

• Scenario 1: There is no money in the economy only goods and services

• Scenario 2: There are no goods and services in the economy only money

Clearly scenario 2 would not serve us as we would not survive without goods and services. Why are you telling me the obvious? you may ask. Well, its often the obvious that hides the biggest illusion from us, and that illusion is that we need money more than the goods and services in the economy. The truth is that the goods and services in an economy are all that matters and money is purely a system to facilitate the efficient transacting of all the goods and services.

Do you believe the current money system is doing a great job in allowing the efficient transacting of ALL goods and services in the economy? Mmmm I think not.... what about all the unsold products and services in the economy? Virtually every business writes off unrealized potential every day in the form of unbilled hours, unfilled hotels rooms, unsold stock with a shelf life etc etc. Why do we currently do this? Simple, lack of choice of another system to allow the efficient transacting of these goods and services we are currently writing off.

Well, there is another choice. Technology has allowed the global barter system to offer us a neat solution to the above problem. Barter companies internationally have pooled all the unsold products and services described above into an 'eBay' like market place, taken cash out of the equation and introduced a barter e-currency to allow the transacting and record keeping of all the barter transactions. The age old concept of barter has been combined with ultra modern technology! Finally technology has provided us with another choice besides the current banking system!
So what is this Global Barter Industry all about? Well the international Barter Industry is now heading into a mature stage with more than 400 barter companies in USA alone. The volume of transactions traded in barter companies globally for 2007 was over $8 billion! The success of the barter industry has been simply because it has taken a completely different view on currency to the traditional money system.

What do I mean? To create currency for yourself in a barter marketplace all you have to do is place your goods and services for sale in the respective market place. Once you have placed your goods and services in the marketplace an interest free amount in barter e-currency is allocated to your barter account. Meaning that you can buy goods and services in the market place before you have sold yours! This provides a fantastic alternative funding option to a business. The barter industry recognizes that the only assets in an economy are the goods and services and that currency should purely be placed into this market place to facilitate the trading of the goods and services.
Many business owners start off with an abundance mind set at the beginning of their business. Yes perhaps some of this is the result of naivety but a lot of it is because they exude raw passion. They are passionate about their product or service, after all that's why they decided to embark on the journey of starting a business in the first place! Shortage of cash often turns this abundant mind set into one of lack and all too often this douses their passion - which is their real asset.

So what about a system that recognizes your passion as an asset and complements your abundance mindset? What about having a choice of another currency system that could perhaps assist you when you are feeling marginalized or limited? The global barter industry could be your answer as it has already assisted hundreds of business with their growth, maybe this is something you need to look into for your business.


Ex-Yankee Pitcher Pitches Barter As Powerful Business Tool

Mission Viejo, CA - June 14, 2005 - Bob Meyer, a former major league pitcher in the 1960s who signed four-consecutive major league contracts with the New York Yankees, is now the most visible spokesman for the worldwide commercial barter industry.

Meyer is the publisher of BarterNews, which he founded 25 years ago. The magazine reports on the many ways barter can be used to leverage one’s business, as well as up-to-date information on the happenings within the commercial barter industry.

“Barter is an underutilized and under appreciated business tool that virtually every business owner should be using, whether on a direct or indirect basis,” Meyer emphasized. “Globally, it is a $600 billion-a-year way of doing business that enables companies of every size to secure needed products and services. Barter is a proven business tool used by firms for marketing, financing, and purchasing efforts.

“Given today’s competitive marketplace, under capitalization by most startups, and the typical use of high-interest credit cards, anytime one’s product or service can be exchanged for a needed business expense it should be embraced,” he enthused. “And, it is easier than ever with some 800 trade companies, worldwide.”

BarterNews magazine reports on three areas of barter—the commercial trade exchange industry (business barter clubs), corporate barter (large multimillion dollar transactions), and countertrade (transactions between countries). Its readership is international in scope, encompassing six continents.

The magazine has an extensive web site with comprehensive information on the subject, a free weekly e-newsletter, “The Tuesday Report,” and hundreds of articles and contacts. For more information go to www.barternews.com.

About Bob Meyer: A former major league baseball player, Meyer signed the first of four consecutive major league contracts with the New York Yankees at age 21. After an 11-year professional baseball career he launched an import business, selling science-oriented products to schools throughout the U.S. and Canada. After numerous, profitable barter experiences Meyer sold his business and founded BarterNews in 1980. In addition to the magazine, he has authored a 532-page barter program for the business community and publishes a monthly newsletter for trade exchanges.

Acknowledgements for his contributions to the commercial barter industry are considerable. Most notable was his induction into the International Reciprocal Trade Association’s “Barter-Hall-of-Fame” in its charter year, September 1997. He was also the recipient of the first-ever “Lifetime Achievement Award” from the National Association of Trade Exchanges in September 2004.

Contact: Bob Meyer, phone (949) 831-0607 or e-mail to bmeyer@barternews.com.

Saturday, July 19, 2008

Use Barter In Your Business

When we exchange resources, goods, time, inventory, skills, equipment, goods and services, we’re bartering. Instead of using cash, we can barter underutilized time, space or other assets and even future services and production, especially if the products and services have big margins. And they may be depreciating, hard to sell or easy and cheap to produce. Extra capacity is as good as hard cash when bartered.

I know a dentist who bartered his services for advertising time on a radio station and a restaurant that bartered meals for cleaning services. Hotel rooms and staff training, consulting and legal services, high margin electronics and a host of other products and services lend themselves to barter. Barter conserves cash, and the goods are always bartered at their retail price! That means that if your food cost percentage is 34%, you’re buying at a discount of 66%!

You can even pay people to work for you with barter. And with redeemable coupons and gift certificates, you are essentially being loaned money at no interest until those coupons are redeemed. “Breakage” makes barter even more attractive – a certain percentage will not be redeemed.

Barter is like printing money! Deals can be triangulated and cash flow can be relieved and ramped up. Plus, one barter transaction can lead to repeat business and thus an exponential return on investment (without a cash investment!) Bartering services and slow moving inventory for advertising is extreme leverage. Barter can produce cash customers. Think about the resources you have and who would want them. Work ON your business instead of IN it.

About Robin J. Elliott

For more than 19 years, Robin J. Elliott has worked with thousands of businesses in over 49 industries across the United States, Canada, and Africa. He specializes in helping small business entrepreneurs build wealth and gain access to new markets and profit centers through Joint Ventures. Through his Joint venture Seminars across North America he has thought thousands how to create increasing, multiple streams of income without cost or risk and very little time.

Get Robin J. Elliott's FREE: "How To Grow Serious Wealth Using Joint Ventures" Mini-Course, and The Prophet of Profit e-Zine along with video blogs, world class articles, free video, and access to top Joint Venture Partners at http://www.jvwisdom.com.

Robin J. Elliott - EzineArticles Expert Author