Barter has been an acceptable practice for as long as humans have roamed the planet. Commerce is the mere act of buying one thing for another, of procuring power. When you trade, you use goods or services rather than cash. However, while most people thought that it was used to trade, more than 50% of the companies on the New York Stock Exchange were estimated to use trading as a type of business.
If you are interested in the idea of a deal, it might be a good idea to join the deal post. Trade clubs are groups of people – some with memberships in the thousands – who work together to bring together different people to share their needs. Although you can exchange with just about anyone, trading posts gives you access to more people, increasing the likelihood of satisfying your needs.
Why didn’t I hear about the paychecks?
Trade is popular in times of recession and economic desperation. When the economy is struggling, the demand for deals increases. However, when the economy is strong, people are more likely to go out and buy the things they need rather than pursue the alternative option of a bargain. You should start seeing an increase in bartering clubs because of the internet, though, and there are hundreds of options for joining bartering clubs.
What can you use to exchange in exchange logs?
Nothing. Literally: something. There are used items, collectibles, homemade crafts and also convenient services with which to exchange. You may not think you have anything to bring to the table, but your home research and expertise most likely will. There are also information for clubs; that you may learn from other members something that will be useful to you, what you have with whom you should exchange.
How do I know which Clubs to join the deal?
This is all up to you, but I recommend doing some sound research before joining any club. Some trade clubs are more social than others, geared towards stay-at-home moms and other groups. Others are trained to conduct business, and lawyers use barter clubs to procure business. Your specific needs for the exchange will determine which type of log to join.
Where can I find posts in my area?
This would be difficult at first if the clubs were not familiar with the trade. One way is through your local chamber of commerce, which will provide you with information and information about paying clubs in your area. Another way is through the Internet. Do a Google search for exchange clubs in your geographic location. You can also start your own trading post, which can be a lot of fun. Find information for starting your own business club at www.work-at-home.org.
What about the membership fee?
Most clubs are involved in trade deals, which are important to maintaining the group’s running and success. Some will charge as little as $25.00 per year while others may have a monthly fee of more than $100.00. Look at the membership fees for the clubs you’re thinking of switching to compared to the benefits you’ll get from the club. It doesn’t make sense to pay $200.00 part money for something you use once or twice a year.
Do I have to report the Transactions to the IRS?
The short answer is “is”. Since 1982, trading has been considered a business activity by the Internal Revenue Service, and in order to be in compliance, you must report the value of the transaction as income. However, the IRS probably won’t be knocking on your door if you sell milk from an egg carton; Consult a tax attorney or CPA if you are unsure of your legal standing when negotiating.
