Tuesday 14 April 2015

Facilitating Globalization Through Barter Exchange Sites

By Joanna Walsh


Bartering is an ancient trading system that has maintained its relevance in this modernistic, fast paced society. It originated in a world in which money did not exist but a need to trade in goods and services did. Barter exchange sites offer their users the opportunity to participate in and benefit from this age old practice.

Bartering started because of a situation in which people wanted to have the goods or services others possessed and were willing to give up some of what they had for this. This is a need that still exists today and this is why bartering is still relevant. Virtual bartering platforms allow people to trade the items they no longer need or have in excess, for other items that they desire to have.

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.

The fact that users come from varying places creates the need for delivery concerns to be met. It is important for traders to factor delivery requirements into all bargains before closing deals. Some sites arrange delivery at a cost while others leave this detail up to the traders.

With these virtual trading platforms, people are able to engage in bartering practices and the fact that their reach extends beyond physical restrictions makes them even more proficient in maintaining the relevance of this historic practice. The websites also play a significant role in the establishment of many multicultural international business relationships. There is no doubting their relevance and significance in today's increasingly globalized and technology centered world.




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