why barter instead of buy
DESCRIPTION
Bartering is still an ideal answer to some of the most complex issues of today’s unstable marketplace. Here we discuss why it’s good to barter instead of buy.TRANSCRIPT
Why Barter Instead Of Buy?
Here we discuss why it’s good to barter instead of buy
Helps eliminate extra transactional cost
Bartering can save you money by eliminating transactional cost involved in a financial dealing. Let’s take an example; if you are thinking to buy an already-used car from an individual, you need to pay tax, respective of the regulations applicable to your locality.
Helps find a liquid secondary market
The existing buying patterns heavily rely on direct rewards and there’s not necessarily any sustained way to sell or buy products/services that lack a liquid secondary market. Bartering helps the buying process by opening up new avenues of increased opportunities irrespective of market constraints
Helps exchange skills and knowledge
Bartering assists in exchanging skills and makes room for knowledge sharing. When you buy something from a shop, you are participating in a rigid and close-ended communication where the main aim of the buyer is to obtain the product and the seller aims to get a profit from the deal. In bartering, things are different.
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