Michael Newman’s latest ‘e-Wealth Daily’ article is titled “The Value of Everything”. [‘e-Wealth Daily’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

The Value of Everything

Everything you own has value attached to it. Whether it’s your personal belongings or your business’ inventory sitting in a warehouse, it has value to someone. The thing is, many people only see value when it is displayed on green paper, and not in other items or services.

Do you remember when you were a kid and you had two chocolate chip cookies in your lunch, while the kid beside you had a couple of peanut butter cookies? Well, if you wanted one of his peanut butter cookies, you’d probably offer up one of yours in a trade. Since he had an extra one, it had less value to him than it did to you. By making the trade, you increased your enjoyment and expanded your snack. Unfortunately, many of us left behind the good old barter system in our childhood. And for what? After all, it usually worked out just fine.

Although it may seem like a crazy a thought to suggest that it’s possible to grow your business without generating all kinds of income through cold, hard cash, it actually isn’t quite that far-fetched. Just like you used to trade cookies at school, trading services or inventory in business can really help growth.

Let’s say you’re in the retail business as the proprietor of an electronics store, and you’re looking to get yourself some more advertising but don’t have the funds for it. Well, maybe you could start looking around for some potential trading partners.

Using any excess inventory you may have, talk to different marketing/advertising companies or any other kind of company in your area about doing some work for you in exchange for some of your products. Just watch how it works:

You’ve got a bunch of last year’s stock sitting in your warehouse, and its monetary value is dropping by the day. Not only that, but you’ve also got more of them than you think you’ll ever move. Maybe one of the businesses in your neighborhood is holding a contest and needs some prizes. Perhaps a community group is looking for some items to raffle off at a neighborhood picnic, or a special event is coming to town looking for local sponsorship.

Just think, by giving some of your excess inventory to any of these groups, you will in turn be given all kinds of free advertising. Just come up with the conditions, and away you go! Try to get your information included in all the media that is released, signs that say “Prizes Donated by [Your Business],” and anything else to get your name out there to attract customers.

Of course, you may need something other than more customers. In our next issue, we’ll look at how you can get tangible goods through bartering!

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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