Itex has a well thought system for Bartering goods and services. We charge a small fee for our services, but we also keep track of your barter points and your transactions so you don’t have to. At Itex Barter on the Treasure Coast, we also network with other barter franchises all over the country, so if you are looking for good or services which aren’t readily available in your geographical area, we can search other areas to help you find the things you want to trade for.
In general though, if you aren’t familiar with bartering here are some things you should know about.
1. Don’t Take On Too Much Work
Bartering can be a great tactic to get more out of life, but you have to be careful not to go overboard with it. Ultimately, you have to remember that bartering isn’t helping your bank account grow, and you should therefore approach any bartering agreement with common sense. We don’t want you to get into a position where you find yourself with a full workload and no money to show for it.
2. Make Sure Both Parties Understand What’s Involved
Before entering into any sort of bartering agreement, be sure that you understand exactly what you’re getting into and make sure the other party knows for certain what you’re willing to offer.
Written agreements, signed by both parties are the best way to enter into a barter.
3. Don’t Undersell Yourself
With bartering agreements, it’s easy to forget how much time it actually takes to perform certain tasks. Before you take on any barter, time your self and take an accounting of how much you normally earn per hour. The key to becoming a bartering pro is to make sure that you structure agreements so that your time is being well compensated.
4. Have An Exit Strategy
You can usually tell fairly early in a bartering relationship whether or not the other party will hold up their side of the bargain. Be sure you have set up a system to assess how things are going early in the relationship and terminate the relationship sooner rather than later. It’s always a great idea to set up a trial period where you both feel out how things will work before making a firm commitment.