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Here's a few tips on how to hold onto your money and still get the things you want. |
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Here's a few tips on how to hold onto your money and still get the things you want. |
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Hold onto Your Money! Grade school kids do this all time. They trade peanut butter sandwiches for cookies, baseball cards for comic books, etc., etc., etc. Their just plain great at this and we can take a lesson from them. Bartering was mostly an even trade between two individuals but now numerous international companies specialize in corporate barter-helping businesses arrange multi-million dollar exchanges of goods and services. How Barter Services Work
The world's largest barter service, BXI, list dentists, massage therapist, artists and mechanics among its 50,000 members. These people offer not only their professional services but also trade any merchandise they want to with other members. For instance, an artist who wants to sell his jeep can do so through the exchange. He can also offer his barter services. Each time someone wants what you offer, you accumulate "trade dollars." You can set the rate for your own services or products and the rate can be whatever you would normally charge. For instance, if you fix a tooth you might charge $200 for which you get paid in trade dollars. Then, you can search the catalog of barter service members and decide where you want to cash in your $200. Most barter services charge you a fee to join usually between $100-600. They also charge 10 to 15 percent per transaction, sometimes in cash, sometimes in trade dollars. These fees may not daunt business owners but you might find the price hefty for the amount of trading you'll do. Just ask for a lower fee. Many barter services will negotiate substantially reduced fees for small-time barterers but only if you ask. Figure out how much you can afford to offer in trade each year. Most experts advise that you shouldn't barter for more than 15 percent of your typical earnings. Of course, if the amount you can barter falls short of the membership fees charged by the service, joining doesn't make sense. But, if you can do $1,000 or more of trade annually, then signing up can be a great deal. Here's how to find a barter service in your area: Call the International Reciprocal Trade Association in Alexandria 703-916-9020. Check your yellow pages under barter services.
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