Five Reasons to Not Join a Barter Exchange
Why Joining a Barter Exchange is a Waste of Time and Money
I have been a member of several barter exchange services over the years, and had the same problems each time. Here are five reasons why you should not enjoy a barter exchange.
1. Barter Exchanges Charge High Membership Fee: If a barter exchange is supposed to involve no exchange of cash, then why does a new member have to pay so much money to join? Even if you get a "special deal", joining a barter exchange club will cost several hundred dollars. While that may not sound like a lot if you are dreaming about all the great exchanges you are going to make, you may soon begin feeling as if you've been had.
2. Barter Exchanges Charge Per trade fees: Every time you make a trade, the barter exchange club will charge a transaction fee. Now, many barter exchange clubs start with no transaction fee, but it never fails that eventually, they will begin asking for one.
3. Barter Exchanges Report Your Earnings and You to the IRS: You are taxed on everything you "trade" as if it were a cash sale. If you think you do not have to report it, you are wrong. The barter exchange club is required to report your "income".
4. Barter Exchanges Give Your Goods and Services, Low Perceived Value: In offering my service for trade (barter dollars) instead of cash, I found that customers did not give me the same respect they would have as if they were paying me real money. I could compare my treatment to that of someone trying to give away a service free that nobody really wanted. Customers did not respect my time, and always wanted extra work done without increased compensation.
5. Many Barter Exchanges Have Nothing Good to Trade: Personally, I work to pay bills and buy food and clothing. However, the only things available at barter exchanges are business services that I do not need, clothes nobody wants, and vacations no one takes. The best value I got when I belonged to barter exchanges was restaurant certificates, which had monthly limits and black out times.
Now, with that said, you can still join a barter exchange if you want. At least now, you will know what to look out for and what questions to ask.
Published by A. Hermitt
Andrea Hermitt is an artist by nature and an educator by necessity. As a homeschooling mom of 10 years, she stays current in all things educational, and cutting edge to help her homeschool her children, and... View profile
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5 Comments
Post a CommentOne on one trades are basically a bad idea, because if the government becomes aware that you are trading and not reporting the value of the trade you will be subjected to significant penalties, interest fees and fines. A barter exchange reports all trades-business trades are able to be taken up the limit of the law as deductions where personally trades are taxed as income. Barter is a tool for smart business owners who engage in smart business and seek to profit through the power of exchange. It is a powerful tool and resource for stimulating new business and utilzing unused inventory and time in exchange for needed and valuable products and services. Well rune xchanges afford busienss owners a sales and marketing extension to grow and drive their business. Barter is simply smart business and that is why smart business owners barter. Barter is not for insolvent or small businesses without resources. Barter is designed to grow and build business. Barter is a building block among many bl
First of all, this was written over a year ago when the economy was in much better shape. Second it was written by someone who had belonged to several barter companies. Third, experience tells me that while barter is better, one on one trades are best because barter companies can rob you blind.
A BARTER EXCHANGE IS ONE OF THE MOST VALUABLE TOOLS IN STIMULATING THE ECONOMY. ESPECIALLY DURING THE CURRENT ECONOMIC CRISIS AND PENDING RECESSION. BARTER EXCHANGES ARE BUSINESSES WHICH GENERATE A PRIVATE CURRENTCY KNOWN AS A TRADE DOLLARS. IN A WELL RUN TRADE EXCHANGE A TRADE DOLLAR IS EQUAL IN VALUE TO A U.S. DOLLAR. LIKE STOCK BROKERS, BARTER BROKERS ALSO MAKE A COMMISION ON EACH TRADE. a NOMINAL AMOUNT IN RELATIONSHIP TO THE VALUE OF THE TRADE. WHEN YOU HAVE EXCESS INVENTORY OR UNUSED HOURS THIS FORM OF REVENUE IS INVALUABLE FOR MEETING CASH OUTLAY NEEDS. ONLY THE UNINFORMED WOULD NOT UNDERSTAND THE VALUE OF BARTER IN TODAY'S ECONOMY!
"At least now, you will know what to look out for and what questions to ask." Yep-good info-danke.
thanks for the info!!!