If you’ve ever swapped one of your items (toys, food, books, etc) with a friend in return for one of theirs, congratulations, you’ve bartered. A barter is a system of exchange where goods or services are directly exchanged for other goods or services without a medium of exchange. Bartering system has been around for centuries even before the invention of money. However, it’s not necessarily something that an economy or society has relied solely on.
Bartering dates as far back as 6000 BC and it was used especially during the Great Depression. The coming of the Internet age made it easier to barter globally and increased human interaction. Nowadays, you can find all sorts of services and goods renewed on the Internet and there are bartering rooms, online auctions and swap markers which allows people from all corners of the earth save money by exchanging an item you have but no longer want or need for another one you need. The disadvantage of bartering is the inability to verify the trustworthiness of the person you’re making the exchange with and the authenticity of the item being exchanged. There is no proof of certification or consumer protection involved in modern day bartering.
On the plus side, there are advantages of bartering and the top of the list is that you don’t need money to barter. You get your item you want to trade and swap it for another one you need. Also, bartering isn’t limited to just items but extends to services rendered. For instance, you could bake for someone and ask for help in building a website. The Internet has made bartering flexible and the pros outweigh the cons of bartering. There are however, rules to bartering to make it easier and safer to do. First of all, you need to figure out what you want to trade and what you want to receive in return. After doing that, you identify a trading partner which can be done by reaching out to either friends and family members or strangers on the net. You can then go ahead and explicitly state out the details of what you want and what you’re offering.
After all that, you barter. Trade up without exchanging money which saves you a lot of money over time and you can increase human communication. Have a good Monday and a beautiful Ramadan.