Barter is more than just a great way to exchange goods and services.
Last year, freelance public relations consultant Virginia Randall received free dry cleaning in exchange for her professional expertise. While clean clothes certainly don't pay the bills, this kind of bartering arrangement does have its place among homebased entrepreneurs. In a classic bartering arrangement, professionals exchange goods and services in lieu of cash, just as Randall did with her local dry cleaners. This obviously isn't a recipe for getting rich or even staying solvent, but it is particularly helpful in those inevitable downtimes.
"There's nothing worse that meeting a new client and showing them a resume with big time lapses," Randall explains. "But bartering during slow times can really keep your work up-to-date and allow you to get products and services you don't have to pay cash for. It's also great PR for your business."
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