Thursday, April 16, 2015

Trading Internationally Through Barter Exchange Sites

By Joanna Walsh


One of the earliest economic activities is the exchanging of goods and services for other goods and services. This was, and still is, known as bartering. Those who wish to engage in the historic practice in this modern technology centered world have an opportunity to do so through the use of barter exchange sites.

The need to trade existed long before the invention of currency or money. Bartering was invented as a means of facilitating trade without necessitating the use of money. Even though society has grown immensely since early times, and innovative concepts such as money and currency have materialized, there still exists a need for people to exchange items with others. Websites that facilitate trading are there to meet this need.

A wide variety of items are traded through these mediums. The nature of these items vary significantly and can range from impressive ones such as parcels of land or houses to seemingly simple items such as trinkets. Despite the nature of the item being traded, traders have full control over their bargaining decisions.

In order for a successful trade to take place both parties must share mutual agreement. Both parties must reach a consensus on the value of the items being traded. The deal has to be made on the agreements that the items being traded are of equal value.

Trading can be simple or difficult dependent on the value or uniqueness of the item being put up for trading and the demands of the trader. A trader who has an item that has low global value and demand, will find it difficult to get it traded for something that is valuable and in high demand. A trader who has a very unique and valuable item will find that there are so many offers that the only challenging will be in choosing from among them.

Political and geographical boundaries are broken down through these sites. Depending on the restrictions and rules of jurisdictions in which they live, people from all over the world are able to use these platforms to do business. Very few states or jurisdictions have regulations that restrict the use of these virtual platforms because the trend around the world is to move towards the creation of a global business community.

Since people use these platforms to trade with others in different locations the issue of delivery has to be a concern. Smart traders ensure that delivery concerns are addressed in the agreement before accepting a deal. Sometimes, depending on the type of website being used, the delivery will automatically be dealt with during the bargaining process.

Online bartering is a very real, current and practical solution to a need that originated in early times and has not changed much since. These websites fulfill a modern need for a timeless business activity. This is why their relevance to today's world cannot be disputed.




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