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Essential Strategies for
Technopreneurs
Chapter Four
Barter, Turning the
Table on the Emperor’s Gold
Barter was the getaway of
the dark-ages. When holding enough of the emperor’s gold meant selling
your first child, Well....it did not change much with 35~45% taxes plus
GST/PST/VAT from 7~23% in some countries plus Gas taxes. Also the banks
take fees to open and run your checking account and use your money for
themselves, then the insurance shares every profit you make, it's still
the Emperor’s Gold with modern definition of slavery, So Barter you
should go.
What is Barter?
Selling Item in exchange
of another item equals in value as trade in. Many marketing companies
cashing on the Idea started their own "Barter Exchange" inviting
companies to join and open an account for each member with upfront
credit to spend and of course offering their products for barter to
re-feed the account. As many members you can get as much the exchange
becomes versatile, popular, and realistic. For the exchange owner there
is almost no risk, because the credit account is his right pocket and
the debit account is his left pocket. The company of his members is in
debit meaning another is in credit for the same value, so by the end of
the day what ever you owe for certain companies already owed to you by
others. So the Barter Exchange works like the credit card company
issuing Barter Credit Card.....................
How is Barter good for
you?
Barter will allow you do the following:
·
Cover niche market of customers who won’t
buy from you wit cash, because of your price or other products that
could be more appealing than yours. Or simply because they are not in
your geographical area, but if bartering they will go the extra mile.
·
Because also taxes are paid on barter "in
realistic exchanges." When you close your fiscal year booking with equal
sale and purchase taxes, you owe no ............
Every enterprise either
you or the biggest firm in the world always work in less than their
production capacity, sometimes within 50%. This will show a loss in
raising overhead cost if they offer products and unproductive hours of
manpower. If they offer service, the solution is to barter a certain
amount of the available capacity in exchange of other products and
services on barter this will save in the account payable cash and reduce
the over all overhead.
You can always repay what
you spent on barter with your work not the emperor’s gold and with no
interest. Simply because barter money is not non-negotiable currency,
it's a product that works like public company's shares.
In case of disasters,
barter companies can continue their business managing business fairly
through their clients
Charity on barter benefits
every one. The charity organizations get an easy access to many barter
resources and products to the poor and troubled every where around the
world from barter freight for their shipment abroad to barter dental for
challenged individual down the street. On the other hand your firm will
get cash tax credit for the barter amount they spent on charity, really
a fair deal.
How to choose a barter
exchange? here is what you need to look for in a Barter Exchange:
·
Largest number of members
·
Most versatile products and services
·
Acceptance .............................
How to Barter?
Items should equal its
cash value or at least fair market price with slight compensation for
the barter company's charge or commission. In big transaction, ask the
barter broker for a break in the fees and suggestions on how to spend
this money on their exchange.
If your PST sales tax
account with government is not in + value "because there is
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