I am currently trading services with a client and considering doing it with another. Over the 26+ years of being in business, I have had the opportunity to trade with a lot of people. It does not always work out to be an even trade, and it doesn’t always end well.
So, trade or no trade?
Personally, there have been things that I could not afford that I really wanted. Every now and then, I found a situation where I could do work in exchange for whatever it was. Sometimes my clients had the same issue. They needed someone to write a newsletter or create a logo or for their company, but didn’t have the money to pay for the service. Usually, these were fledgling companies, like my own at the time.
Back when I first started my freelance business, I could almost always work a trade to my advantage. I traded for veterinary services, pet supplies, baseball tickets and plumbing work. Once I traded for maid services for about a year. That was beautiful, except the woman was always complaining that my house was dirty. Really? Isn’t that why you need a maid? I admit, I definitely got the better end of that deal!
Once I traded typesetting work for restaurant gift certificates. I used one gift certificate to take out a friend for her birthday. I used another to take another friend out to dinner. In exchange, she gave me a tv, a garden hose caddy and a tetanus! Yes, she was fully qualified to administer a shot (I had no insurance at the time). Things were a lot simpler back then. Ah, those were the days…
Not sure if trading organizations still exist, but I was a member of a one in the early ‘90s. The problem was, the monthly fees were due in cash and there was a cash charge for each transaction. I never did very well within that organization. I had hoped to trade for a chain link fence, but that didn’t work out for me. Direct trades worked better for me. The IRS says you have to pay taxes on any income, including trades. You are supposed to declare the value of the traded item.
Trading is a little different for me now. I rarely do it and only do it when I really want or need something. You might considering trading for your business, it can be a way to buy something when there is no cash handy.