Posts Tagged ‘bartering’

Currency of Bartering

Saturday, September 13th, 2008 by Alan Yu

Was watching the news and they had this interesting segment about a restaurant in the UK where people bring items in an attempt to trade it for goods in the restaurant such as a cup of beer or an order of a meal.

It looked like people were bringing everything including things like an actual chicken. Kind of would be interesting if more businesses allowed this type of transaction dealing. I wonder if in the end you would get a better value overall considering you would have to judge the trade right on the spot.

For the most part it will probably benefit the person offering something first the most as more than likely the item they are offering is very easy for them to obtain.

Requests To Work For Profit Share

Friday, July 4th, 2008 by Alan Yu

I was talking to a person today who like many other needed a service that would require money which he did not have. Instead of paying the person, the proposal was that the person he acquires would be willing to work for free and share in the profits instead.

I see this a lot on ad postings especially as people want say this high end website for free or say writers to create content with the compensation being a portion of potential revenue that the business generates.

I’m usually not too fond of these types of transactions as it’s almost like you are taking the risk as if you were starting something on your own anyways. If you are starting the business with someone then that is a different story, but if it is for general work it’s probably wiser to just get paid for it I’d say instead of entering into so many business agreements.