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Does anyone barter for services?
- Thread starter Aplus
- Start date
David Saulque
<b>PWN TEAM - Hood Moderator</b><br<b><font color=
If you are happy with the transaction-great. I have traded for service a few times with so/so results.
However-the barter program that deal with script trade/dollars is a rip off-everyone should say miles away. The reasons are many-the best one is you rarely get your trade item.
David
However-the barter program that deal with script trade/dollars is a rip off-everyone should say miles away. The reasons are many-the best one is you rarely get your trade item.
David
Mike Hughes
New Member
I have never done it, but I think I'd rather be paid and pick whoever I want to buy my signs from, etc.
Be careful of any tax implications of a transaction like that. Might want to speak to your accountant to be sure you have your bases covered.
Be careful of any tax implications of a transaction like that. Might want to speak to your accountant to be sure you have your bases covered.
David Saulque
<b>PWN TEAM - Hood Moderator</b><br<b><font color=
Mike is right-The IRS considers barter income before you get your portion. For example, if I service a food service unit and they are part of this so called barter network. I must claim that money as income even though all I have is script. Several year back I was given a hard sell presentation. They asked me if I still wanted my restaurant customers and if I didn't go with the program they would take them from me with the help of another cleaner. At that point I said a few words and walked out. As the story goes this company changed names and is still operating and lots of people lost big bucks.
To further explain everyone worked with script money. With my script I could take my play money to other members. From what I understand some people held more than $20,000 and were unable to get a swimming pool for example. The IRS looked at the 20M as income and taxed.
David
To further explain everyone worked with script money. With my script I could take my play money to other members. From what I understand some people held more than $20,000 and were unable to get a swimming pool for example. The IRS looked at the 20M as income and taxed.
David
Aplus
New Member
I have heard of the script arrangement, but as you say, it sounds a little too risky for me. In my situation, I was at a neighborhood gas station, and the proprietor noticed my trailer, and came out to talk to me. He suggested an arrangement where I would clean his awnings and building, and in exchange, he would provide some oil changes and car washes for me. Of course we would agree to specifics so that the dollar amount would be fair to both parties. So if, for example, I provided $100 worth of services in exchange for $100 worth of services received, wouldn't it be just an even break? My thoughts for even considering this are that I could use this as a marketing advantage. An opportunity to show off my work to other potential clients. I would go to other service stations and say, "Go look at station X and see how great it looks, and yours can look just as nice".
Like many others on this board, I have experienced a slower than usual summer, and am looking for creative ways to boost customer awareness. In previous seasons, when business was robust, I would have never had to consider this.
And who even says these occasional things have to be on the books? I've always thought that so-called gentlemans' agreements were part of the many ways this great country was built. If it all leads to more business, then Uncle Sam benefits as well.
Like many others on this board, I have experienced a slower than usual summer, and am looking for creative ways to boost customer awareness. In previous seasons, when business was robust, I would have never had to consider this.
And who even says these occasional things have to be on the books? I've always thought that so-called gentlemans' agreements were part of the many ways this great country was built. If it all leads to more business, then Uncle Sam benefits as well.
mike barrett
New Member
YES I TRADED A ROOF CLEANING FOR HAVING MY TRUCK
LETTERED GOOD DEAL
MIKE
LETTERED GOOD DEAL
MIKE
I barter (trade-out) almost every chance I get. It's almost always on my terms from something I want and sought out but didn't want to pay retail for. So...a fax machine for an hour's work; a CD-RW for 1 hour; 2 Chuck-E-Cheese parties for my two girls birthdays for sidewalk cleaning (3 hours) + blow gum off once a month (30 min.) for $40.00 in pizza and tokens (hey - 30 minutes work for making my two girls -and wife- VERY happy for a night isn't too bad!) ; vinyl banner and signs, magnetic placards, (2 hrs) ; $200 gift certificate in a very nice seafood restaraunt (1.5 hrs) ; 10 hats, 20 company T-shirts, and 3 company embroidered polo shirts (1.5 hrs) ; a $250 (retail) formal dress for my wife (1.5 hrs).
I don't like spending money any more than anyone else. And I think it's a win-win situation. For instance: it took me an hour and a half of my time plus about $15 in chems and labor for a dress that could have cost me $250 (No - I wouldn't have bought the dress anyway but that's beside the point). It probably cost the shop owner $100 or less for the dress and she got a service that would have cost her $150. The same goes for all my trade-outs. In each case we both came out ahead.
I need to find a masseuse with a dirty house, or better yet, a sidewalk that needs cleaned weekly.
Tony
I don't like spending money any more than anyone else. And I think it's a win-win situation. For instance: it took me an hour and a half of my time plus about $15 in chems and labor for a dress that could have cost me $250 (No - I wouldn't have bought the dress anyway but that's beside the point). It probably cost the shop owner $100 or less for the dress and she got a service that would have cost her $150. The same goes for all my trade-outs. In each case we both came out ahead.
I need to find a masseuse with a dirty house, or better yet, a sidewalk that needs cleaned weekly.
Tony
David Saulque
<b>PWN TEAM - Hood Moderator</b><br<b><font color=
Out West he have several companies that sell a barter program. If I recall it works like this. A member takes his BMW into a members automotive repair shop and has $2000 worth of engine work done and is paid in a script with no cash. The repair shop owner takes that $2000 in script and tries to unload the script.
With his script in tow he decides to put a pool in at his home. He find a pool contractor who is a member and takes his funny money and tries to buy a pool with his collection of script. He is able to use only a limited amount or get a 20,000 pool for 25,000. Several small chain restaurants were unable to use the script because the members were unwilling to take large losses with the play money.
The government take a very dim very of this practice. I have been told that the auto repair shop must claim the $2000 as if it was cash.
One on one barter is great, but taken to the level of aluminum siding sales is another thing.
David
With his script in tow he decides to put a pool in at his home. He find a pool contractor who is a member and takes his funny money and tries to buy a pool with his collection of script. He is able to use only a limited amount or get a 20,000 pool for 25,000. Several small chain restaurants were unable to use the script because the members were unwilling to take large losses with the play money.
The government take a very dim very of this practice. I have been told that the auto repair shop must claim the $2000 as if it was cash.
One on one barter is great, but taken to the level of aluminum siding sales is another thing.
David
Rick - Pro Wash
<br><b>Community Supporter<b><br>
I too trade out services when ever possible. Two of my trucks were painted in exchange for services. Another two were lettered for trade out. I can walk into several good restaurants in town and order up for the whole family and not get a check. I also trade out servcies to the local race track promoter and I get to race all season for free.
These are gentlemen's agreements only and I have never beer bummed. I wouldn't care for the script thing.
See ya,
Rick
These are gentlemen's agreements only and I have never beer bummed. I wouldn't care for the script thing.
See ya,
Rick
Clean County
New Member
Ive Done it in the past but generally I make it a habit to not barter to often unless I really need something thats worth bartering for.
Plain and simple--SHOW ME THE MONEY!!!!!!!!!!!!
[2cool] [2cool] [2cool] [2cool]
Plain and simple--SHOW ME THE MONEY!!!!!!!!!!!!
[2cool] [2cool] [2cool] [2cool]
Steven Rowlett
New Member
Yes, The lady that does my embroidery work for me and I trade sometimes. I always have plenty of shirts and caps for myself . Regular customers love the caps and when they wear them they are always advertising for you. If aryone needs those type items , she can ship them to you. She can do your logo too.
Steven Rowlett
ROWLETT PRESSURE
CLEANING SERVICE
Steven Rowlett
ROWLETT PRESSURE
CLEANING SERVICE
Walt Graner
New Member
No barter for me, I don't like gray areas