Could A Warrior Barter System Beneficial?

by Craig Fenton

Posted: 10 years ago 22 replies

INTERNET MARKETING

Hello Warriors:

Hope the holiday season is going well.

I had an idea and am wondering if this could be beneficial to a multitude of Warriors. I know it would help me through a tough time.

Several months ago the company I had worked for had substantial layoffs for the second time in a couple of years and I lost my job.

Being out of work to say money is tight would be an understatement.

Could there be an exchange system set up so money doesn’t have to change hands? In my case I would love to be able to be coached by somebody to set up affiliate marketing income, Cost Per Action, and or product creation. As well as other opportunities.

In return I can offer the skill-set that I possess (audio/video/editing, published author, liner notes, public speaking, helping out on projects, etc).

However it doesn’t have to be only for somebody out of work or recently graduating a learning institution and starting out. Maybe Jane and John Doe are interested in optimization of a website and feel the quotes are outside their budget or even if they have the funds are unsure about the work they would get. They barter Search Engine Optimization on their end and in return they show Alan/Cindy YouTube Marketing.

It could be for a myriad of services back and forth. What excited me about the idea as well is if somebody has expertise in certain areas they could do something in a very short time and feel they are getting great value in return. An example would be somebody on the forum was kind enough to give me an explanation of creating PHP redirect scripts. It would take him 5 minutes if he had the proper information from a Warrior. He may want a Squeeze Page created. If he attempted to learn on his own even if he did it flawlessly the Google search, and any E-book or video would take him longer than five minutes. He could see the instant value.

In addition it is Warriors helping Warriors. If the first goal is to help somebody on the forum that is tremendous but even if Jane/John Doe were looking at it strictly as a business and time management decision in the end they get what they want and Heather/Harry would as well.

As always I’m curious on thoughts and if this could be implemented? I know I would benefit and hope there would be 100’s if not 1000’s of good Warriors world-wide that may be able to as well.

Thank you as always for listening.

#barter #beneficial #system #warrior

agmccall 10 years ago

just post an ad in the classifieds section and put service trade in the headline, see what happens, and then report back to us

al
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- Craig Fenton 10 years ago
  
  Hi Al:
  
  The idea was to have a separate section and not a variance of something in place.
  
  Thanks for the reply and happy and safe holidays for the family.
  
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  agmccall 10 years ago
  
  Originally Posted by Craig Fenton
  
  Hi Al:
  
  The idea was to have a separate section and not a variance of something in place.
  
  Thanks for the reply and happy and safe holidays for the family.
  
  I think it would be better to use the classifieds section to start and if it takes off then just add a sub forum to the classifieds
  
  al
  
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  "Opportunity is missed by most people because it is dressed in overalls and looks like work." Thomas Edison
  
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sbucciarel

Banned 10 years ago

I wouldn't be much interested. Honestly, barter doesn't pay bills.

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elisaP

10 years ago

I like the idea as many newbies have more time then money but have transferable skills like video editing/creation for writing.

Also like the idea of a separate area so it doesn't become lost in a sea of affiliate and sales offers. Likely would be better off to purchase professional services but for those without that ability..... good alternative.

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Craig Fenton

10 years ago

Hi Elisa:

Thanks for the reply.

One somebody says barter doesn't pay the bills it is not the cut and dry.

For example regardless of their financial situation if they provide a service that took 17 minutes and 4 seconds and in return received something that would have cost them 346.78 cents it did pay the bill. What they would have out-layed for the service they needed was greater than what they gave in their own mind/time.

That goes outside of the Warrior Forum. You could trade a clean up of a pool for installing a new TV. If one weighs their time/effort/cost vs. what it would be to pay for the same it can very much pay the bills.

Have a great day!

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Teravel

10 years ago

Originally Posted by Craig Fenton

For example regardless of their financial situation if they provide a service that took 17 minutes and 4 seconds and in return received something that would have cost them 346.78 cents it did pay the bill.

You're missing one very important factor... Many of the successful marketers have contacts on various freelancing websites, and we can pay people we trained ourselves to do that same job, and for much less than $346.78. Try single digit dollar amounts.

Can you compete with that?
Would you really want to?

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Craig Fenton 10 years ago

Hi Teravel:

Keep in mind that not everyone is as you put in quote "successful." Glad you are and may you and family supersede everything you seek.

There may be somebody starting out in any vocation (you were there once) or that has some experience but not at the level you ascertained. Some don't have contacts.

It is not only about the percent of the population that has X dollars profit/ X content. There is an entire population that is factored in. All of the pie not a section.

Thank you.
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laurencewins 10 years ago

Craig, it is up to you to try it and see if it works for you. I personally prefer to see cash but some people may want to barter. You don't know until you try it.
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- Craig Fenton 10 years ago
  
  Hi Laurencewins:
  
  While in no way am I saying Barter should replace cash and be used every second of the day if in your mind what you receive is greater than the service you provided that is cash you did not have to spend. The accounting ledger is still better off.
  
  You want somebody to look at your website for traffic reasons and all quotes turn out to be 500.00 American dollars. If you pay the expert your business account or personal one is out 500.00.
  
  If you provide a service in your mind to Jane/John Website company for 102.00 American money the ledger is up 398.00.
  
  Another factor is when are you providing the service. If you are home and have no plans with the family the 102.00 service did not take you away from being with friends/family or stop a business deal.
  
  It is about the time it takes you to do something/value of it vs. what is returned. If in your mind you got greater value that has to be factored in to any accounting.
  
  Some folks want to help others and it may be equal effort/cost vs. effort/cost. If it leads to on-going business relationships that can be a winning situation down the road as well.
  
  People here barter/trade and they look at it as 1.00 for 1.00 but that is not the case.
  
  Thanks and have a great day.
  
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joseph7384

10 years ago

Originally Posted by Craig Fenton

However it doesn't have to be only for somebody out of work or recently graduating a learning institution and starting out. Maybe Jane and John Doe are interested in optimization of a website and feel the quotes are outside their budget or even if they have the funds are unsure about the work they would get. They barter Search Engine Optimization on their end and in return they show Alan/Cindy YouTube Marketing.

So I guess you're saying that a persons time does not have any monetary value!

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Craig Fenton 10 years ago

Hi Joseph:

You misconstrued what I said. There is time A and time B.
Time A would be if you took 10 minutes off from a business meeting to do something you lost time and there was value lost.

If you are sitting at home watching a baseball game with no obligations and somebody asked if you would create a PHP redirect script may be it that took you 4 minutes and three seconds. It's not interfering with any plans and in return you got somebody to teach you about YouTube Video Marketing. It ends up that makes you 124.01 a video. You gained value in the barter and did not loss out in your business/personal obligations.

Big difference!

Thank you and happy and safe holiday.
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marketingva

10 years ago

Craig,

In the United States bartering has tax rules that needs to be followed and special filing requirements. This has to be taken into consideration by all involved.

Bonnie

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Craig Fenton 10 years ago

Hi Marketing VA:

Do you know what the tax rules are for bartering in the USA and how can a dollar value be placed?

It is not always an even exchange. In other words if you received 5 videos in exchange for telling somebody how to make a link clickable what would be a fair way to calculate value on both sides?

Thanks for any tax code info.
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Craig Fenton

10 years ago

Hi Warriors:

I did a Google search (thank you again to the folks that mentioned about taxes in the USA). It seems that you are supposed to declare the fair market (exact words) value of the service you received.

Thanks again for those that pointed this out because it is good to have all the information.

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JohnMcCabe

10 years ago

Originally Posted by Craig Fenton

That's part of what complicates having a formal barter system. In the ideal scenario, the fair market value of what you give equals that of what you get, creating a wash.

That said, there's an awful lot of informal barter that never gets reported. For example, Mom A watches the kids after school in return for Mom B driving car pool in the morning. Technically, that's a barter arrangement where each half has a value and any difference should be reported. In practice, tracking and monitoring such deals is impossible.

So if you want to trade video services for tutoring on something in a back-fence kind of deal, you're probably safe. Keyword: "probably."

Thanks

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travlinguy

10 years ago

I think it's a good idea. I've swapped one of my WSO offers for someone else's I was interested in. It can work. Post it in the suggestion forum. Outline all the benefits and how you think it could work. Sell the benefits of your idea. It doesn't have to be straight barter. Cash can certainly enter into any transaction as long as the participating parties agree. Submit your post. Maybe Admin would go for it.

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JohnMcCabe

10 years ago

Originally Posted by travlinguy

When I first saw the headline, I thought of one of those formal exchanges where each product/service is rated at some number of credits. Then, when you have built up enough credits, you could cash them in on the product/service of your choice.

As some have pointed out, that could get complicated and there are tax implications, at least in the USA.

Having an area where informal side deals could be worked out between Warriors might have some merit. Any transactions would have to be covered under Rule 1 and recognize that it's a deal between individuals. Kind of like buying a car from a classified ad - if you buy a lemon, you can't go back to the paper and ask them to make it right for you.

I'd suggest doing as Charles suggests. Make your best case and post it in the suggestions area.

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Craig Fenton 10 years ago

Hi John:

Always good to see you on a thread. Happy and safe holiday.

I obvious am not a lawyer but is it a 100 percent fact in the USA that if your traded proof-reading a book for coaching on Cost Per Action there is a monetary value?

If so how could that be realistically done?

I would love to see the law and the value.

Thanks as always.
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Craig Fenton 10 years ago

Hi Traveling Guy:

Thanks for the suggestion.

Happy holiday.
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Sarevok 10 years ago

I don't think an official system of this capacity NEED exist.

The potential for bartering is inherit in us as lifeforms.

Have an awesome skill to provide?

All you have to do... IS ASK!

Have a proposal for the bartering of services rendered in exchange for goods services or training?

ASK!!!!

You never know when somebody would fine value in your offer.

That's what bartering is all about. Mutual benefit. So, no real system is required in order for it to take place. Everything that's required for it to function, is already present.
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JRJWrites 10 years ago

I would see this as incredibly beneficial - something I'd definitely like to see.

Too bad those tax legislations have to get in the way (shaking fist!).
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Could A Warrior Barter System Beneficial?

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