Networks and Barter Groups - Trade Your Way To Success
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Interestingly, one of unexpected added benefits of bartering is the relationships that are built between small businesses. This can form a very basic strategic partnership. The bartering relationship fosters trust, support, and an interest in the other business prospering. Sometimes, especially when the businesses are complementary, the business relationship turns out to be an even bigger asset than the cash savings from bartering.
In addition to forming individual relationships with other local businesses, you can also arrange exchanges through a barter exchange. Barter exchanges are middlemen for transactions and provide barter credits based on the dollar value of the good or service. The business can then use their credits to purchase goods and services from other members of the exchange. The exchange provides access to a network of actively bartering businesses.
Do note, however, that bartering is not "free" money. The goods and services being bartered do need to be valued and declared on your income tax. The fair market value of goods and services exchanged must be included in the income of both parties. Income from bartering is taxable in the year in which you receive the goods or services. Generally, you report this income on Schedule C, Profit or Loss from Business Form 1040. If you are in a business or trade, you may deduct any costs you incurred in performing the work that was bartered.
Call 540-335-8190 to get stated and we will be happy to explain how to join as well as how barter can improve your bottom line.
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Barter networks or exchanges groups have become a valuable tool for many businesses in recent years. Bartering group members and companies list goods and/or services that they are willing to make available for trade. When your goods or services are purchased by another company, the selling business receives trade credit based on the dollar value of the product or service offered. A business uses its trade credits to purchase goods or services offered by other members. The exchange helps you to promote your products and services to others that you never would have had the chance to do business with. - DC Metro Barter Network
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GrassRootsNetworking.com Founder: Mark Barreres has been a professional internet marketer since 1998. He specializes in helping companies around the world to maximize their web presence for e-commerce and lead generation by using advance social media and search engine optimization techniques. Follow him on Twitter - Call 703-722-6012 - email