Tuesday, November 17, 2009

Barter Exchange Networks

I found this over at the AOCS Website and thought that I'd share it with you.

Bartering is a medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (i.e. without the use of money).

It's interesting to me that there are many barter networks set up. Some have been around for quite awhile. People buy what they need and sell what they want without using Federal Reserve Notes (which are becoming increasingly worth less in value).
So here is a sampling of what's out there:
"ITEX is the leading marketplace for cashless business transactions. Put your cash and credit cards away and buy and sell using ITEX dollars! With ITEX dollars, money will never be the same."
Green Apple
"Green Apple has been in business for more than 17 years and has managed over $500,000,000 in barter transactions. No more one-on-one direct trades, where you must take back from the business that bought from you. Green Apple serves as a clearinghouse for its members' transactions as well as a marketing agent for their businesses, generating new business for its members. Green Apple is your partner in business."
Midwest Business Exchange
"SouthWest Michigan's premier local barter exchange."
IMS Barter Network and Trade Exchange
"Since its inception in 1985, IMS has continued to expand its membership roster by way of acquisitions and a strong program of internal growth. As a result, the company now serves a client base of more than 18,000 business and professional people. By exhibiting a high level of integrity and solid reliability, International Monetary Systems has earned a great degree of respect and has developed a reputation as a dominant player in the barter industry."
American Exchange Network
"The American Exchange Network (AMX) is one of the leading companies in the business to business trade industry. Established in 1982, today AMX has affiliates around the world with a trading network of thousands of companies worldwide. AMX is affiliated with both the National Association of Trade Exchanges and the International Reciprocal Trade Association."

There's an upcoming Barter Expo in New England in December.

Exchanging goods and services has always been around - and indeed we see it on Craigslist and other sites. So if you are short on cash - you might still be able to barter for things especially if you have a skill like designing websites or cutting hair or doing landscaping.

Barter usually replaces money as the method of exchange in times of monetary crisis, when the currency is unstable and devalued by hyperinflation.

Just thought you should know.