Bartering Makes A Comeback In Down Economy
Old way of doing business is becoming the new way.

By Don Dahler
 

NEW YORK, NEW YORK — In these cash-strapped times, there is still a way to get many of the goods and services we need in our daily lives. Bartering is an age-old way of doing business, and now many are turning to this give-and-take method, with great success.

Aliyah Phillips is a student who was on her way for a chiropractic adjustment. She won't be paying for this session. She and Dr. Joseph Cucci have a prearranged barter agreement. In exchange for her weekly appointment, she does work as a personal chef for the doctor. "Doctor Cucci and I came to know each other through craigslist" Phillips said. "I saw a posting for a chiropractor who was interested in housework or cooking, and I thought to myself I was carrying around my books and my back hurts and I would like to see a chiropractor."

Cucci has a barter agreement with several of his patients. "It's about this mutual trade of healing" Dr. Cucci said. "Massage, Pilates, physical therapy, acupuncture, gym membership, an organic chef … all of these things has added to my life and I'm happy to give to their life a healthy experience."
Craigslist hosts more than 100,000 barter classifieds a month, and there are other Web sites and businesses, too. International Monetary Systems is a barter exchange. They act as a broker for members who exchange their goods and services for an electronic currency. "A business no longer has to trade one on one with another business that has what they need or want to consummate a trade" senior trade broker Annette Bergen said. "We have 23,000 IMS members in over 50 North American markets. And as long as they have accrued trade dollars in their account, they can barter ... Restaurants and Broadway shows are customers trading meals and seats for the other goods and services that keep their business going."

During this economic downturn more and people are looking to trade because they can purchase what they need with what they have. A professional barter service often charges a fee for both parties in the transaction. If you are bartering on an individual basis, make sure you do your homework.