Making a Difference... Ensuring Success
Bartering Your Services
Merriam Webster's Dictionary defines the word Barter as "to trade by exchanging one commodity for another".
Wikepedia states that Barter is a type of trade that doesn't use any medium of exchange, in which goods or services are exchanged for other goods and/or services. It can be bilateral or multilateral as trade.
In new and developing businesses, the use of a bartering system that creates a win-win situation for the parties involved is great. However, what happens when we use the barter system and the exchange is somewhat lopsided - where one party gets a greater benefit, than the other?
Share your experience with bartering your services here.
Wikepedia states that Barter is a type of trade that doesn't use any medium of exchange, in which goods or services are exchanged for other goods and/or services. It can be bilateral or multilateral as trade.
In new and developing businesses, the use of a bartering system that creates a win-win situation for the parties involved is great. However, what happens when we use the barter system and the exchange is somewhat lopsided - where one party gets a greater benefit, than the other?
Share your experience with bartering your services here.
Replies to This Discussion
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Permalink Reply by Aundrea Barnett on -
I never have a problem bartering, since I'm always trying to help others. The problem I run into is the fact that payment for my product does not come to me, but goes to our corporate office; then I receive a check from them for my commission. But I can always offer a rebate in the form of a "Gift Card", or I'll buy your product or service from my commission.
The last experience I had, I sent a client to a mortgage broker who was supposed to refinance their loan, and then send her back to me so that I could put her on our MMA Program. He'd get the commission for the loan, I'd get the commission for the software, and she's win by paying off her 30-year mortgage in 1/2 to 1/3 of the time.
Well he refinanced (2) of my clients, but did not instruct them to return to me. He didn't even give me the courtesy to tell me when their loan closed. Which left me chasing them again. He was also a U1st agent, so all he had to do is encourage them to update their analysys. I'm sure everyone would have won.
Ps. I do collaborate with Mortgage lenders, Real Estate, and Insurance professionals, even financial planners. Our product can help them get back into the doors of their past clients, help them, and get more referrals.
Anyway, that was my experience.
Aundrea Barnett
Break The Chains, Inc.
www.youpayitoff.info
www.UPayItOff.com
http://4agents.upayitoff.com
4clients.upayitoff.com
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Permalink Reply by Shay Richardson on -
In the fashion and beauty industry we barter a lot. We actually call it TFP (TRADE FOR PICS) What happens with this is we work with other professionals in the industry in order to build each others portfolio. So as a makeup artist I may work with a photographer on a shoot and in return for my time and work he or she will supply me a photo to add to my portfolio. Its the best way to work when you are starting out or just want to work for fun. Please feel free to visit my website and see my work have a great day
Shay Richardson
Makeup Artist & Brow Technician
Shades of Beauty Makeup Artistry
www.shadesofbeauty.synthasite.com
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Through the NBWEN Women's Fund, our desire is to award $20,000 in scholarships to deserving young ladies seeking a business degree from an accredited two- or four- year college or university, or vocational school, as well as grants to women in our community who wish to establish and grow their own business (startups in business less than 3 yrs).
Five women will each be awarded $2,500 grants, 5 women will each be awarded $1,000 scholarships, and 5 women will each be awarded $750 scholarships.
If you can help us with our goal of "Making a Difference... Ensuring Success", please take the opportunity to contribute in whatever amount you desire. ($1, $2, $5, $20, $100, $250, $500 or whatever you like)
~Thanks in advance!!
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