2015 Michigan Renaissance Festival – August 22 – 10AM thru October 4 – 7PM (Weekends only)
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Serving the Great Lakes Region Since 1978
Metro Trading Association is the oldest trade association in the Great Lakes Region. MTA is here to help your business improve cash flow, reduce inventory and increase profits through bartering. It’s our top priority to fulfill your personal and business bartering needs. As the Midwest’s leading organized barter service, MTA has concentrated on building a strong barter economy for its members. Through our association with the International Reciprocal Trade Association and the National Association of Trade Exchanges we can access tens of thousands of businesses worldwide. Since opening in 1978, MTA is approaching more than a quarter of a billion dollars in transactions.
MTA provides exceptional customer service and commitment to our members. We look forward to your success!
Looking for a way to increase your sales and decrease your expenses?
Bartering may be the answer to your problems. Through the use of trade or bartering, you can fund many of your business and personal purchases without using cash. Instead you use trade revenue earned from selling your product or service to other member companies. Free up cash you may need for other purchases or use it to expand your business, and buy what you need for your company with trade revenue.
4 Bartering Rules of Thumb
Excerpt from Careers Barter –written by Natasha Burton/LearnVest
July 19, 2015
4 Bartering Rules of Thumb
Ready to take a spin at swapping goods and services yourself? Review these must-knows first, so you can get the best bang for your bartering “buck.”
- Research rates.If you’re offering a professional service, you already know what your standard rates are. But if you’ve never charged for your services before, then you need to land on the right price tag, based on your time and skills.
“You can’t make good trades if you don’t know the value of items or labor,” explains Pablo Solomon, 67, an expert barterer from Austin, Texas, who has swapped labor and goods for decades.
Ultimately, the best information will come from asking around to see what other people are paying for the services you want to offer. So if you want to barter accounting or clerical skills, for example, look into what local temp agencies are paying their contractors for such services.
- Focus on value—not price.A trade doesn’t need to be between items or services of equal value in order to be fair, says Solomon.
“I am often happy to give several items I no longer want in order to get something that I do want—and other people are usually the same,” he says.
Consumer-spending expert Andrea Woroch believes that time is actually the most valuable asset when bartering. In other words, you don’t necessarily need to have a specific trade or skill or coveted item to barter—you just need to be willing to put in some hours.
For example, instead of giving a friend a wedding present, consider what services you can offer. “Offer to watch the bride and groom’s dog during their honeymoon,” Woroch suggests. “You may not dog-sit for your main profession, but it’s still something helpful you can do.”
- Be patient—and vigilant.Finding the right match when trying to trade physical items can be time consuming. You not only have to find a person who’s willing to barter, says Stehrenberger, but you also have to have something that person wants.
So he suggests making a list and taking good photos of everything you can offer for trade before reaching out to other barterers.
“It usually takes emailing back and forth lists of everything you might want to trade, and then meeting up to check out each other’s stuff, before a barter can be made,” he says, adding that it’s also crucial to always be 100% honest about the condition of your items.
For that matter, the old adage “let the buyer beware” is especially true for bartering. When you barter through an exchange, most business owners are vetted and have a history, says Brown, but the guy you met on Craigslist isn’t.
“And please don’t trade with someone who is going to get on a ladder,” he says, “or touch your plumbing, unless they are licensed, bonded and insured!”
- Pay the tax man. Although bartering doesn’t involve cash exchanges, you are required to pay the government on the goods and services you swap.