Even though it makes sense in theory, bartering is actually one of the worst things you can do in your business… here’s why
Have you ever bartered your services? This is where you offer your services at no cost to someone and in exchange, they offer their services to you at no cost.
If yes, how did it work for you?
Personally, I believe that bartering is one of the worst things you can do as an entrepreneur in your small business.
In theory, bartering makes sense. Someone has something that you want and you have something that they want – it should work just fine – right? Wrong.
Bartering can work when it comes to exchanging products. However, bartering does not work when it comes to exchanging services. In fact, bartering is one of the worst things you can do in your small business.
Here’s why I feel so strongly about this – Bartering comes from a place of lack.
When someone asks if you want to barter with you, it essentially means that they are not willing to pay you for your services.
It could be because they don’t have the money, they think they don’t have the money or they simply don’t want to spend their money on you or your services.
Regardless of the reason, a bartering connection sets up a relationship based on lack, not a relationship based on expansion.
When someone pays you for your services and you pay them for their services, it’s a way of saying “I value you for what you’re bringing to the table”. Money is simply a way to exchanging value.
And if you’re thinking, “I really like this person, maybe down the road they will pay me for my services.”, let me tell you, this is not likely to happen.
When you say yes to bartering, you are agreeing to work for free. Why would someone pay you for work down the road when you’ve already been willing to do it for free?
If you insist that you do value someone else’s services and you want to exchange their services for yours, do so by exchanging the same amount of money and being very clear about what you’re going to provide and what you will receive in exchange.
Personally, I’d like to encourage entrepreneurs to avoid bartering and putting themselves in a situation where they’re not getting paid to do the work that they specialize in doing.
If you’ve asked someone to barter or provide you with a discount, ask yourself why you aren’t willing to invest in their services? And, don’t be surprised if someone isn’t willing to pay you.
If you’ve ever bartered in your business, I’d love to hear from you. Did it work? What worked well or didn’t work? Please post your thoughts below.
I’ve never been one of those people with the itch to travel. Who would love to be on the road and running their business from exotic locations. To be honest I’ve already been a homebody…
BUT since my trip to Hawaii in December I have to admit, the idea of being able to run my business from the beach is quite appealing! (especially when I see all the snow outside my office window 😉
If you are someone who longs to travel for extended periods (longer vacations, RV lifestyle, spend a few months with the grandkids) or even live abroad (i.e. where it’s warmer!) the “On the Road & Making Money” event may be just what you’re searching for.
This inspiring annual event is hosted by Linda Claire Puig, an internationally recognized marketing expert who helps entrepreneurs develop profitable relationships and portable businesses. She’s taken her own business abroad numerous times and LOVES IT!
While working abroad with her business in Ecuador and Italy this year, Linda recruited top globetrotting business-freedom experts to pool and share their collective expertise in “On the Road & Making Money!” (I’m honored (and excited) to be one of them!)
In these exciting conversations, you’ll hear fantastic travel stories and immediately actionable business-building tips to help you prepare for YOUR big adventure taking your business abroad (wherever your “abroad” is).
Save your spot now at “On the Road & Making Money!” Here’s just a tidbit of what you’ll take away from “On the Road & Making Money”…
How to teach workshops all over the world in style.
How to work less and make more (while traveling all over the world + crossing off items on your bucket list)
How to cut your to-do list in half and create the team to support your business while you travel
How to indulge your travel freedom dream EVEN IF you still have young kids, aging parents, pets or other responsibilities.
How to USE your travels to explode your profits.
How to develop the money mindset to jumpstart your income and get you and your business on the road!
How to develop a global community that not only helps you grow your business but also provides company, support and insider tips when you travel.
Why hitting the road might just be the best business move you could ever make.
And much, MUCH more!
If you dream of “someday” traveling to your heart’s content, supported by your portable, profitable business, THIS EVENT IS FOR YOU!