Bartering is a great way for small businesses to save money and potentially gaining new clientele. But you me be careful when you barter! Mstete Ross, founder of Creative Eye Branding, shares a a few things you must take into consideration before getting started with batereing.
Bartering Do’s and Don’ts
Have a contract. Get everything in writing. Be clear and concise as what it is you are offering and the value of your service/product.
Have good intentions. Bartering with someone who needs your services just as much as you need their is a win-win situation.
Do your best work. Doing so can lead to a long-lasting business relationship as well as new clientele.
Communicate. Communication is everything.
Research the business and the person you are bartering with to make sure they are reliable and trustworthy.
Ask for referrals. Word of mouth is still a strong marketing tool.
Have bad intentions. If you have bad intentions the end result won’t be a successful one. Someone will feel short changed or cheated.
Don’t be a Yes MAN. Just because you are bartering doesn’t mean you have to agree with everything your partner may want to include. Set limits.
Don’t be afraid to put re-negotiation dates in your contract. Projects may take longer than expected.
Click here for Sample Barter Contract: http://www.kristonica.com/sample_barter_contact.pdf
Check out this free bartering community: http://www.skills2barter.com