268. Baking it Down - Biting at the Bit for Bartering

Send us Fan Mail (https://www.buzzsprout.com/1724302/fa...) 🔄 Biting @ the Bit 2 Barter - How to barter as a baker. In this week's Baking it Down Podcast - Episode 268 - Biting at the Bit for Bartering, Corrie has been running some 'bartering' case studies for podcast land. In these test runs, she's joined a local bartering group and exchanged cookies for a social audit with the group admin. In another case, she exchanged her cookies for 👩🏻‍💻🎨 some graphic design work her twin apparently refused to execute in a timely manner (my bad, my bad). Her motive was, "I want to report back to the podcast," so here she is - reporting back on what she did, what she'd do differently, and if she'd do it again. Bartering is the exchange of goods/services for goods/services - one of the oldest forms of commerce in the history of the world. Because it removes the monetary valuation from it, the exchange is made off of ever-changing perceived value - which means your cookies could actually be worth more than you're charging (or valued less - gotta watch out for that - did you know the word barter comes from a French word for "cheater"?). 🤝 How to ask to barter  Getting into bartering is as simple as asking, but ensure you're asking specifically for what you want, or you're going to be left writing a lot of rejection letters. Facebook groups dedicated to local bartering are popping up too - that's where Corrie found her two exchanges. Write something as simple as, "Hey followers! I want to let you know I'm always open to bartering with my cookies. I'm looking for anyone who wants to barter Botox, landscaping (spring cleanup specifically), and cleaning services. DM me if you're interested!" Some additional bartering tips: • 🔄 Make a post saying you’re open to bartering (above) • 🔄 Join a local bartering Facebook group • 🔄 Post in a community group that you’re willing to barter  🤝 The benefits of bartering Aside from what you get in the exchange, bartering can open you up to a new demographic, a potential referral source, and some good review opportunities. Consider that most folks in the bartering world tend to shy away from cash exchanges. With bartering, you can capture that new audience, and just because it's value-based instead of cash doesn't mean you can't get some high-quality connections (and exchanges) out of the deal. • 🔄 Someone gets to try your cookies that they may not have normally ordered.  You can reach a new demographic of people  • 🔄 This can turn into a referral source + review source • 🔄 It works off of the perceived value, so there’s more flexibility in what's exchanged 🤝 The cons of bartering Not every barter will be a win - especially if the exchange is for services. In Corrie's example, she exchanged for both graphic design and a social media audit. The social audit is shaping up to be AI slop, but the graphic design was enough that she was happy - however, the designer didn't provide the necessary print files nor design the front side of the cookie care card (don't worry, Corrie made me do it). The key is setting specifics when it comes to what you're exchanging and what you're exchanging for. • 🔄 Not every barter is a win • 🔄 You lose a lot of the protections that monetary institutions provide • 🔄 It’s awkward  • 🔄 As with any client, they can be unhappy  🤝 Corrie's bartering tips When it comes to bartering, be specific in what you're looking for. Worst they can say is no, but likely they'll attempt to renegotiate to find common ground for both parties. You're in control - if they're asking for more than you think is fair, you can (politely) say, "I can't do two dozen, but that'd work for a dozen." Look at the big picture - that one barter contact can start referring other clients to you, leave you a positive review, or barter with you again in the future. We asked bakers what they've bartered for, and here are some of the fun answers we got: • 🔄 Car detailing • 🔄 Snow plowing • 🔄 Website • 🔄 Photography  • 🔄 Dental work • 🔄 Botox • 🔄 Haircuts • 🔄 Childcare  • 🔄 Taylor Swift Eras Tour Tickets  • 🔄 Oil Change • 🔄 Tattoo • 🔄 Brick Mailbox for a future credit • 🔄 Kayak  • 🔄 Laser hair removal  👂 Snag this podcast on any major podcast player (Spotify, Apple Music, Audible, Amazon Music, or watch it on YouTube) by searching for Baking it Down Podcast - Episode 268 - Biting at the Bit for Bartering.