Last Updated Nov 9, 2009 8:25 PM EST
(Episode 367; 9 minutes 39) If you've got stock or services you can't move with cash sales, then the answer might be to barter. 20,000 companies now use Bartercard, accounting for annual transactions worth $10 billion --- except of course, no money changes hands.
On today's BTalk Australia I talk to Brian Hall, a co-founder and the Australian MD of Bartercard. He says it's an option for large businesses too, in fact anyone with idle capacity who want to use it to offset some of their cash expenses.
I've been involved in numerous contra-deals in business, which are always frustrating experiences with everyone maximizing the value of the deal. Airlines, for example, will always contra the peak rate of the airfare. Wouldn't the same thing happen with all barter transactions?
Tell us what you think? Do you barter your services? Add your experiences in the Talkback section at the end of this post.
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