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Discussion in 'Landscape Maintenance' started by LawnBoy627, Mar 11, 2012.
Posted via Mobile Device
Posted via Mobile Device
Don't do it. Barter for things of real value like getting a skid fixed of being able to actually send out your own ads with someone else's ... this guy can claim he is doing w.e. he wants and that due to his expertise and experience in the field of marketing his price is high enough that your years worth of maintenance is worth the few advertising things you could easily do yourself through weebly and vista prints ...
In God we trust, all others pay cash.
I personally don't barter. If I need something then I pay what is required. When someone needs me, they pay what I ask. Simple business rules for me. I keep it simple. If it works for you that is great. I like being paid what I quote.
Trade and Barter is a very good way to not only grow your business, but save cash at the same time. If you're interested in saving cash and/or growing your business, then I would imagine you would be interesting in trade and barter services.
the only thing I will say about bartering is it's fine as long as you still have a cash flow coming in..... bartering may be well and fine with local stuff, but the power company doesn't care much for it...
Yeah, I agree with all these posters have said. With that said, have you considered signing up to a professional barter site?
I have to comment on what CGA Engineer posted, it is taxable, and is taxed by the IRS as barter is considered just like CASH by the IRS. However, its typically taxed on what you gain, not what you barter out.
I live in Atlanta and as such barter in Atlanta, and after doing it for about a year, I have to say, I LOVE it. I got over a thousand dollars of dental work done, all on trade, got my car fixed, both a tire alignment and some dents removed. May purchase some high-end bicycles on trade here before the month's over and will get about 5 thousand plus dollars worth of dental work done before it's all said and done. My co-worker, who's an entrepreneur gets her lawn done strictly on barter and trade in Atlanta.
Every small businessman and/or entrepreneur should seriously look into barter and trade.
dont do it. one side always feels screwed over and since he's the one who suggested it...I'd say you'll end up with the shaft. Sounds like the guy's marketing business has slowed down and he wants some work done without having to pay the cash.
If you need marketing, pay him for his services and have him pay you for yours. If you both pay cash to each other for actual services performed, maybe there won't be hard feelings...
And technically, bartering IS taxable. One party is receiving services in exchange for something else. Whether the something else is cash or another service, it doesn't matter... You are still supposed to pick it up as income.
I barter mowing for mulch. $25/ yard of mulch and $50/cut that particular lawn. We just keep the numbers straight. I get the mulch and sell it to someone else and it is all just an expense. Dental work I have done. Marketing I have done. I told him do SEO. He ended up sending me 15 clicks from his site in a year. I told him I am too busy now. I also trade mowing for a dump site.
Barter, IS taxable, according to IRS Code...