See other questions in the Financial & Legal forum
"Bartering deals to conserve cash"
Phil, I started by swapping my landscaping services with members of my church (we publish a list of anyone willing to barter services.) I also tried Craig's list but didn't see anything in my area I wanted to trade for. ITEX is a more flexible alternative. You sell a product or service and get ITEX virtual $$ in your account. Then you can use those $$ to buy another product or service from an ITEX member. I have traded landscaping for computer services and have gotten new clients in the process. The only drawback is they charge a 6% fee to both parties in the deal.
this barter dealing is a great concept - i am a small business and often do deals with the airlines so that they can market to my corporate customers in return for contra travel.
Also, i work with marketing people who help me with advice and sales techniques and in return i give them profile to my customer base for new leads for them. i think the main angle is for each business to look at the customers it has and who it would also be valuabe for and work deals around that. i consider my customers to be an asset not only for myself but for others who wish to access the same group.
Check out his new community....It is nationwide, but some areas have not taken off yet...it's only been around for a few months and growing VERY fast. This is a GREAT alternative to CraigsList and it's really easy to use and FREE! Let's get this new communtiy off the ground in all areas by placing your FREE barter ads!
I think I posted a link for San Diego, but it IS nationwide!
Phil, I want to follow-up on your bartering question. In doing my taxes, I researched the tax implications of bartering. Please let your readers know that profits made through bartering will result in a tax event. Barter exchanges are obligated to report proceeds to the IRS. If you barter products or services through a barter exchange you should receive a 1099-B form. There are a number of informational articles on the Internal Revenue site that will answer questions about bartering. Go to www.irs.gov.
Looking for a financial advisor?
Search our extensive database of over 3,500 advisors from both independent and large firms.
Enter your zipcode below
Or use this link to find a financial advisor or find a lawyer
Other questions Boomeraters are asking...
Can anyone recommend barter deals that have really worked for them? I'm looking for ways to conserve cash but am having trouble coming up with barter ideas that work for me.