Join a Bartering Club

By Steve Thompson, published Nov 13, 2006
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Bartering has been an acceptable practice as long as humans have roamed the planet. Bartering is the simply act of trading one thing for another of comparable worth. When you practice bartering, you are using goods or services as currency rather than money. However, most people considering bartering to be a somewhat archaic practice, thought it is estimated that more than 50% of the companies on the New York Stock Exchange use bartering as a form of business.

If you are interested in the concept of bartering, it might be a good idea to join a bartering club. Bartering clubs are groups of people - some with memberships in the thousands - that work together to pair different people based on their bartering needs. Although you can barter with just about anyone, a bartering club gives you access to more people, thereby increasing the likelihood of satisfying your needs.

Why Haven't I Heard of Bartering Clubs?
Bartering is more popular in times of recession and financial despair. When the economy suffers, the demand for bartering increases accordingly. However, when the economy is strong, people are more likely to go out and buy the things they need than to pursue bartering as an alternate option. You should begin to see an increase in bartering clubs because of the Internet, though, and there are hundreds of options for joining bartering clubs.

What Can You Use to Barter in Bartering Clubs?
Anything. Literally: anything. Used items, collectibles, homemade crafts and even services are appropriate things with which to barter. You might think that you have nothing to bring to the table, but a close examination of your home and your skills will most likely prove otherwise. Bartering clubs are also sources of information; you might learn something from other members that will help you determine what you have with which to barter.

Join a Bartering Club

Bartering isn't just for farmers in the country anymore; you can barter with just about anything.

Credit: morguefile.com

Copyright: morguefile.com

Takeaways
  • Bartering clubs usually have membership fees.
  • Make sure to research the type of bartering club in which you are interested.
  • You must report bartering transactions to the IRS.
Did You Know?
Bartering clubs are not always legitimate, so make sure to research the club before joining. Ask for a list of members as well as a composite of the types of items up for barter.
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