Cash is King. Bartering is Queen.

It’s a method of payment as old as time. Bartering is back! Cost of living at an all time high and affordability becoming a household concern, bartering is re-entering the marketplace in multiple ways. From B2B with platforms like Barterpay to Business to Consumer with the uptick in interest in ‘swap parties’ and local Facebook pages.

As a small business owner in Canada, you want to create revenue and bring home cash to pay your bills. However, saving money through mutual exchanges will also keep more money in your pocket.

What if you exchanged your products/services for other valuable commerce? It might not be traditional cash flow, but it certainly has benefits. By bartering, you open up your business to exposure and referrals. Perhaps even markets you may not have otherwise worked with. Barterpay offers exactly that. Opening up your business to thousands of other businesses across the country.

Bartering directly with other businesses CAN also allow you to keep you earnings tax free. I say this with caution because services are easier to barter "“off the books”, but product is not. Speak to your bookkeeper or accountant to learn more.

If you are looking at Bartering as a very possible option to supplement your needs, then start talking to other businesses you use often, or open up the option to your network. At the end of the day, bartering can save you money and open your business up to more opportunities.

If you are looking to talk more about your business and would like to book a consultation, Click here.