Better Business? Think Barter Business
Why trading for products and services makes great financial sense
The Internet isn't only a global marketplace, it's a great place to barter. That's right, barter. Cash-strapped homebased business owners can now barter products, services, surplus inventory, excess production capacity and more, in exchange for needed services and supplies from other companies. And in the world of barter, anything goes.
Online bartering sites for small businesses are one of the Internet's best kept secrets, but not for long. Take Ubarter for instance, which will launch its updated, "super-charged" site (http://www.ubarter.com) in September. "Our new business allows users to browse and post items free of charge," says Steven White, the company's founder and CEO. "And with each item 'sold,' users receive 'Ubarter Dollars,' which can be used toward purchases of other goods and services posted." A transaction fee of 10 percent (5 percent for both the buyer and seller) is assessed with every sale.
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
Crypto Doesn't Have to Be Serious. Just Ask This Comedian Who Organized a Conference About Failure in the Industry.
Want to Succeed? Turn Your Fixed Mindset Into a Growth Mindset.
Google's CEO Is Asking Employees 3 Simple Questions to Boost Productivity
'Greatest Storyteller Wins.' Katy Perry on the Surprising Link Between Pop Stardom and Entrepreneurship.
The 5 Personalities You Meet in a Coworking Space
'Man's Best Friend' — and Investment: The Thriving Industry of Pet-Related Franchising