Hey everybody, thanks for the great turnout for our first Barter Arbitrage Overview show on Blog Talk Radio. If you missed the show you can catch the replay at the link in the post below this one.
One of the easiest ways to jump head feet into the bizarre world of trade is to literally execute the famous Andy Warhol “I’ll trade my art for anything” blitz.
Trading is a skill that can be learned and improved on. Why wait?
Find something you own that has some perceived value–but that you can live without–and slap it up on the Craigslist barter section.
Run the following ad:
HAVE X (describe your item in detail)….WILL TRADE FOR ANYTHING! CALL VINCE AT 123-4567
OK while this may seem like a silly exercise, it’s a actually a valuable trading trainer.
Depending on what you’re offering you will gain valuable data from the jump street: like the demand of your item based on the number of replies you get…and the offers you get which might range from the ridiculous to friggin’ awesome and everything in between.
Don’t worry about trading up on your first go around unless you want to. The idea here is to wet your feet into the barter world and change one reality for another.
This technique requires no salesmanship because you’re basically just using it as a gauge to see what the hell kind of offers come your way.
Unlike the cash world where the price is well defined…you NEVER know what the hell you can turn that ugly pink flamingo into. Perception is always reality.
In many cases you can trade the very same item you’ll never be able to sell for cash. And the item you trade for can often be sold for cash and you can see where we’re going with this, right?
I have a lot of fun doing this exercise and it’s risk free training that will make you smarter.
Give it try! Gauge your results. Test different items and even if you trade value for value there is a great chance you can at the very least, turn something you no longer “value” into something that you do.
Barter Arbitrage 2.0