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Trade services for credit instead of cash on things you already buy - works GREAT!

Discussion in 'Making Money' started by JakeD, Aug 24, 2011.

  1. JakeD

    JakeD Newbie

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    I?ve been reading this site for months now, but thanks to all the insanely valuable information I?ve taken away I never thought I?d be able to share anything as useful. Nevertheless, I think I have one little tidbit that has worked quite well for me: bartering.

    I?m sure this has been shared on here before (though not recently, as far as I could tell) and it is by no means a new idea. But many of my clients offer products or services as their means of business, and rather than shelling out a few hundred to a thousand bucks every month or quarter, I make it easier for them by just getting ?credit.?

    This has worked two ways for me:

    1) I get more credit than I do if I charged cash. For example, I design the monthly e-newsletter for a high-end men?s hair stylist and spa. Rather than charging $50/hour for something that only takes me a few minutes each month, I get $100/month to use at the salon. With this deal, I haven?t paid for a hair cut or massage in over a year!

    2) It proves to be a much easier sale! Rather than charging cash, which many customers cringe at, they love just giving store credit since they?re paying much, much less.

    Obviously this doesn?t work for everything, but I?ve got a handful of clients where I do small things each month in exchange for credit at restaurants, bars, hair stylists for me and my wife, clubs and even for free entry into my local softball and indoor soccer league.

    These are all things I'm going to spend money on anyway, so why not get them as cheaply as I can? I know I would rather spend an hour in Dreamweaver, Photoshop or Wordpress (things I?m doing already!) than shell out $50 for dinner at a nice restaurant.
     
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  2. JakeD

    JakeD Newbie

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    Oh, yeah... Posting in Craigslist's "Barter" section is a great way to find people willing to do this!
     
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  3. nonin

    nonin Jr. VIP Jr. VIP Premium Member

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    ok... there is another side as well

    experienced business gurus will always state - bartering can kill your business (i heard this expresion during one business workshop).

    For sure is one thing - it kills your time and budget.

    And, no businesman is safe when he is losing time and significant percentage of monthly income.

    I know even one radio station who went broke just because trading their ads on other products - clients didn't want to pay them money for their services as they were used to different payment (and that suited them).
     
  4. SneakySnake

    SneakySnake Junior Member

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    Cough cough... tax dodge... cough cough. ;)
     
  5. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    Interesting about the radio station as I used to barter with a bunch back when I owned a bottled water business.

    People thought I was a big time guy in that business because they heard my ads on all kinds of different radio stations.