Harinder SharmaFounder of Barterdaddy Published On: Tuesday, September 29, 2015 Views 3171

Barterdaddy.com is India’s First Online exchange marketplace, the idea behind this venture is promoting online exchange of goods and services. There is very basic thoughtb process when you buy something new, in the back of your mind you think that I have many things at home which I do not use frequently or don’t use at all, so we created this concept capturing that back of mind concern, why to BUY, do EXCHANGE with what you have !!!!!! Initially we are promoting barter of Real Estate, Automobiles, Mobile n Tabs, Electronics n computers, Home n furniture and business & Services.

I was working on media & property exchange/barter offline and the response was tremendous, so the idea of online exchange germinated from there. That if people are interested for exchange of their properties why not other things like cars/phones and so on……

Whatever you want to do just kick start without pondering so much, you may take a corrective action, because the market will teach you a lot when you ll be actually implementing something.

The most challenging part of in the working of barterdaddy was finalizing a revenue model for the venture, because at the initial stage you cannot levy a charge on the customer till the time you reach at a level of value addition to the people.

We involved businesses in our mainstream of barter, and that helped us in devising a sustainable revenue model. That if you want to exchange your old items with new, we can augment the sales of these business and that can help us in generating revenues from the businesses.

We are into a bootstrapping stage, a lot of people are showing interest in the venture but we are very conservative about diluting equity at this juncture. We need good mentors than only investors/funders.

Employees are very vital asset of any organization and obviously loosing them to the competition is a big loss. We believe in developing a sense of “Ownness” in our people so that they can see future with us.

1. The focused approach
2. Patience is the key to success
3. Stay grounded and rational in approach

I think your social media platforms like linked/Facebook/Twitter helps you a lot in circulating the communication fast.

I feel my online networking habit makes me productive and a lot can be done there.

sometimes I trust people too much that I explain every to them related to my concept/idea, I think one should be bit conservative on that front because a lot of copy cat happens in the market.

One tip to success:

Think out of box, plan your business considering the kind of value addition which you are going to offer to the market as a whole, stay grounded, respect your connects.

One mistake you believe every individual must avoid:

the idea of ‘over night growth”

One most important lesson that you have learnt till now:

don’t do too much on paper, do more on ground, you are bound to succeed.

I want to take barterdaddy at a respectable level and want to bring a behavioral change in the people that even if you have extra money don’t waste it, optimize you stuff by way of exchanging. If something is not useful for you may be useful for someone else.

I ll start a HR recruitment company, with a difference that people can be recruited in your company on a sample stay basis, if you like the work keep them otherwise say bye.

Office-office (Ha-ha)

“If something is up to be, it is up to me.”