Ready to learn how to barter to save yourself some time and money by exchanging skills? Before you get started, think carefully about your skills and the products and services you’ll be exchanging. Make sure that you plan carefully, and you’ll enjoy your foray into the world of bartering.
What Skills Do You Have to Barter?
Planning for Bartering
Bartering can be a casual relationship but there are a few things that you need to keep in mind in order to protect yourself and the people you are bartering with.
- Decide the value of your goods and services before you barter. If babysitting is worth $7/hour for you and piano lessons are $40/month, that means you need to provide nearly 6 hours worth of babysitting in a fair trade barter. If you charge $2/dozen for eggs and your neighbor has sausage for $3/pound, you’ll need to swap 18 eggs in a barter. Consider the cost of goods and services before you make any deals. Bartering is about saving money, not losing your shirt in a bad deal.
- Identify your potential bartering partners. Choose wisely. You want to barter with people you know, at least to start. Consider the goods and services you want, and what you’re willing to offer. Then gauge if the potential barterers would be interested, and approach them with clear terms.
- Define the terms of your bartering clearly before you begin. What exactly are you bartering? One piano lesson per cleaning? Two? How many times will you have to cut their grass in exchange for that new outlet? Set clear terms that include exactly what’s being bartered and the timeline to complete the bartering services.
Great Tips for Bartering
- How to Get New Things Without Spending a Dime: Barter and Trade – Montana Solar Creations
- Bartering To Stretch Your Dollars Even Further – Little House Living
- How to Get Garden Plants for Free – MomPrepares