10 Ideas You Can Start Today With Your Barter Business

Dan had called me to get some detail about how he could become involved with a barter organization – mainly to get enough cash for a fabulous tropical vacation with his wife to celebrate their tenth wedding anniversary.

In this audio, you’ll first hear how we get off on a few tangents that have to do with starting a business which would be a secondary income for Dan initially but that he could subsequently build to be his primary income.

I know that you’ll find this conversation with Dan about barter to be very enlightening – and you may even discover some new barter secrets that you were unaware of.

I told Dan that my ITEX broker would sign up people that I referred for no up front money. Dan would only need to pay the $20 per month membership fee – a small price to pay for all of the information about other ITEX members with products and services that he could buy at 20 cents on the dollar.

You’ll hear me give Dan some tips on finding ITEX members who may be very, very interested in selling trade dollars at a low price. The key is to be creative in what you buy and in reselling the items that you have bought with your trade dollars.

I help Dan to navigate through the ITEX website for his geographic area to see the multitude of ITEX members and what they sell. I give Dan reasons why some organizations might want to quickly sell products or services for trade dollars before year end.

The way I explain it to Dan, there are two ways that you can make money with trade dollars. The first is simple: Buy trade dollars for a product or service that you, yourself, might need at 20 cents on dollar. When you actually use those trade dollars, you are making money by saving money.

The second way to make money requires you to be creative and resourceful. Buy trade dollars at 20 cents on the dollar and then resell them to another party for profit. Listen to some interesting examples that I give to Dan about how a person could make tons of money by buying and reselling trade dollars.

One important thing to remember is that you must make sure that sellers are not artificially inflating the price of their products or services. I give an example of a seller who had increased the price of his services by an incredibly unreasonable amount. I confronted him about it and we eventually negotiated what I thought was a fair price. There are no rules – you can always negotiate.

Another way to buy trade dollars and then resell them for profit is to “pre-buy” a product or service from an ITEX member and then negotiate that you will buy in units that can be turned into scripts that you can sell to anyone you want and they can redeem them. This would be similar to the gift certificate cards that you see for sale at grocery store checkouts.

Dan was convinced to sign up with ITEX and give it a try for a few months. I reminded him that he would need to put effort into it while being creative and honest.

For more information on how to buy products for 80% off retail using barter, go to

http://www.hardtofindseminars.com/Barter_Secrets.html