Contra Dealing is a form of arrangement or agreement between two parties (most often business) where the business exchange their good or services for the other businesses goods or services. This agreement can work out very well for both parties involves, but unless you create a proper agreement in writing that shows what each party will be doing in the arrangement.
Here are some benefits of Contra Deals:
- Get free stuff for your business!
If you have an excess of products, and generally make a large profit anyway, you can exchange your products for other products that can extremely benefit your company and your employees.
- Help you build up your business
By trading your services for the services of others you can gain important infrastructure for your business. If you plan your deals efficiently you can build up a great business without having to spend a lot of money at the beginning, you can build up by offering out your services.
- Spreads the word
By connecting with other businesses you can create a network that you just, if you recommend these companies to other companies in your network then they may do the same thing. This can make a huge different to your business and help you bring in a lot of work and income.
If you’d like to know more about contra deals why not take a look at some of our other posts: