3 Ways to Barter Away Your Office Expenses

Are you looking for an efficient and practical solution to reduce your business operational cost? Then stop looking, because the concept of bartering is the answer to your problem. Bartering can save your business a great deal of money, simply by trading goods and services with someone else rather than money. In case you are facing the heat of recession or are struggling to make ends meet with your new start-up, bartering will help reduce operating costs and keep your business afloat. However the trick to good bartering is to agree to the right agreement which is not only beneficial for you but also for your partner. At Bizcostsavers B2B Marketplace, you get the opportunity to connect with other organizations and form an effective agreement for bartering.

In the list of Forbes 500 successful companies, it has been estimated that 65% of them carry out the bartering system. Thus, this statistic clearly justifies the fact that bartering helps to expand businesses, reduce operating costs and collaborate with colleagues in the network. Here are some more benefits of bartering that are very helpful:

• It helps you evolve mutually beneficial relationships with other business owners.
• You can build a network of colleagues who can later become referrals.
• You gain hands on experience and expand your skills.
• You can meet people outside your industry and form a social network.
• Improves your negotiating skills.

 In order to reap these benefits, here are some great ideas for ways to barter. Following these three ways can truly help reduce your overhead costs.

1. Barter for Office Space – Leasing or buying an office space can prove to be one of the biggest expenditures incurred by a company. Instead you can offer to perform services for a company which has a spare office space. You can even rent a small room space from another company in exchange for services such as web designing. Even if you have already rented an office space, you can ask your landlord for reduced rent in exchange of performing maintenance for the grounds. This can prove to be a win-win situation for both you and your landlord. 

2. Barter for Service – All businesses can barter for services with other organizations. For instance if you are a web designing company you can barter with another company to file your taxes while you design their website for them. This method of bartering will help you increase your network with another industry which can form a beneficial relationship in the long run. 

3. Barter for Print – Every business has small printing needs for letterheads, envelopes, business cards and other marketing materials. You can strike a deal with the printer to perform these services for free while you advertise their shop on your printed materials. You can come up with other ways to form this agreement as well.

 The primary advantage of bartering is the positive impact it has on your cash flow; you don’t have to spend cash to get what you want. You can be as creative as you want and come up with unique ways of helping each. At Bizcostsavers, we help you find those unique solutions so both you and the other business firm can benefit thoroughly from the arrangement.