Happy Wins-day Comma Convos crew
Today's episode was all about the BARTER.
What is bartering? exchange (goods or services) for other goods or services without using money
What are the disadvantages of bartering?
The following points highlight the six major disadvantages of the barter system. The disadvantages are: 1. Lack of Double Coincidence of Wants 2. Lack of a Common Measure of Value 3. Indivisibility of Certain Goods 4. Difficulty in Storing Value 5. Difficulty in Making Deferred Payments 6. Lack of Specialization. Disadvantage # 1. Lack of Double Coincidence of Wants
Nicole's Bartering Principles
4 pillars to a successful barter: 1. budget 2. community 3. offer 4. agreement
Top 3 Bartering Tips: Barter value must match the exchange
Bartering must be in the budget, Bartering is not free & Barter value must match the exchange !
Learn more about bartering and how you can build muli-generational businesses through bartering visit ibarterblack.com
Today's Sponsors: Carter Capital PLLC- the only 24-hour wealth development firm and institute, Dream Creator Marketing
Travel with us this fall: August 3-7 Wealth Development Summit IV in Toronto
Wealth Development Summit IV | Toronto, CN – Carter Capital PLLC
Become a sponsor of our podcast or run an ad for your business DrickaMCarter.com