Short on cash? Need a new computer? Try barter!So, what's barter? Barter is exchange of goods and services without use of cash. It is oldest form of commerce, and today more and more businesses are discovering or rediscovering awesome power of barter.
Here's how barter works: When you need a product or service for your business, instead of paying for it with cash, you instead pay for it with your otherwise unsold products or services, meanwhile allowing your business to expand without additional cash outlay. It is estimated that over 65% of Fortune 500 companies engage in barter to one extent or another.
But don't get impression that barter is just for big business. Local companies trade among themselves all time, for products and services to reduce cash outlay, and to promote their businesses. For example:
A garage owner can barter his auto repair services for legal services with a local attorney.