Posted: 8/26/2012 4:02:46 PM EDT
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Do you guys barter?
My son and I were watching the show Barter Kings and he wanted to give it a shot. They do most of their trading on the show through craigslist and worktheir way up to a goal. Right now I have a few deals going on. I have a gas powered remote control truck I dont use anymore worth about $125. I am trading that for an Android Tablet tomorrow and then hopefully trading that for a Springfield XDSC 9mm. That will be a pretty good first transaction if all goes well. Sometime they trade up for something they want and sometimes they trade up to cash out for their bills. |
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Quoted:
I would love to see how many people tell them to get fucked when they try to trade something that is worth $100 for something worth $750. Ya I gave that show a chance but it was just too fake how everyone just takes a bath on their stuff for those two guys. |
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Took me a second |
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I think Bartering is great.
I would barter my Medical services for construction work etc. But the Government says if I charge anyone less than Medicare rates... it is illegal. Also, legally, you have to pay the taxes on the 'value' of the bartered services/goods... as if... |
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Quoted: I figured it was because the people doing the show pay the difference in cash.Quoted: I would love to see how many people tell them to get fucked when they try to trade something that is worth $100 for something worth $750. Ya I gave that show a chance but it was just too fake how everyone just takes a bath on their stuff for those two guys. |
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Hustlin is my job. I mean, I've never really paid no rent. You know what I'm sayin? I ain't never really paid no bills. You know what I'm sayin? So...but I...For some reason I've always got cash in my pocket! I guess it's cause I got a honest face
Its like take $150, go buy you a eight ball. Flip the eight ball, you gonna make $300 off that. Take the $300, get you a quarter. Take the quarter ounce, flip that. Take the half ounce money, flip the half ounce money. Now you ready for an ounce. You got a quarter ki now! Now everybody in the neighborhood got on new sneakers and the walkie talkies. Everybody workin for you now, you doin your thing and everything. I hope the feds ain't watchin this 
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One of my former bosses was a bartering king. He would trade his artwork for services done on his house, boat, car, whatever.
He once gave me a few pounds of frozen shrimp for helping him pick up a water heater. He also paid me once in softshell crabs when things were slow. |
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Quoted:
I think Bartering is great. I would barter my Medical services for construction work etc. But the Government says if I charge anyone less than Medicare rates... it is illegal. Also, legally, you have to pay the taxes on the 'value' of the bartered services/goods... as if... Exactly my problem. Love the grinding gears look people get on their faces when told that the IRS sees a trade as 100% income on both sides of the deal. |
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Quoted: I would love to see how many people tell them to get fucked when they try to trade something that is worth $100 for something worth $750. Have no doubt the show is completely and totally staged, what gets recorded is scripted and directed. However, I don't doubt that the trades they make are legit, it is just that they don't show the dozens of times they get rejected. Bartering is funny business. I have family members who have been using it as a business tool for decades, and it can be effective. The trick is to have something that somebody else finds useful, who also has something that they have no use for, but you find useful. My uncle ran a sign shop that his sons still run today. He started out with a late fifties Chevy pickup, and a couple of ladders. In twenty years he had been forced to move to bigger shops twice, and had four brand new vehicles set up just for sign work. Bartering was a key part of his business. He would often trade a few hundred dollars worth of work for something he wanted or needed that was worth far more than the signage he gave, he had a good nose for deals, and realized that often someone has something that is valuable, but isn't useful to the person who owns it, and would be difficult to sell for it's full value in cash. He picked up several vehicles and boats this way. |