How Trading With The Indian Can Make You Rich 

 

Dennis Klase was a person who was very interested in Barter.  He is a Native American living on a reservation in northern New York.  He had been working as an iron worker in New York City but left the job because it didn’t pay well.  Dennis just knew that there had to be a better way to make more money!

He moved back to his reservation and began working for a friend of the family whose business was in web sites.  Dennis learned so much from this man about how he was able to use Barter in his business to make huge profits.

Dennis explained to me that the concepts of trade and barter are not new to the Native American community.  It is a common way of life for Indians that goes back hundreds, if not thousands of years.

When Dennis came across my Barter Secrets course, he knew that he had to have it.  He hadn’t been making much money at the time and actually saved his salary for several weeks in order to buy the course.

I must tell you that Dennis absolutely loves the course.  He contacted me to bounce some new ways to use Barter.  I don’t know who learned more in this consultation – Dennis or me!

Listen as Dennis explains how selling items from the reservation saves buyers from having to pay state sales taxes.  Additionally, in most cases Native Americans living on a reservation can purchase items off the reservation without having to pay state sales taxes.  You will also learn very interesting things about the Native American way of life on the reservation and how, when things are taken away by the United States government, Indians have the ingenuity to work around these problems by finding better solutions.

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13 Roadblocks That Can STOP You From Buying Trade Dollars Overnight

This consultation is an update to my product, the Secret Loophole dealing with trade and barter.  I admit trade and barter, as well as the “secret loophole,” can appear confusing at first.  A gentleman named Marcello had purchased the Secret Loophole package and called me for clarification.  This was a wonderful opportunity create this update with clear explanations of dealing with trade organizations using easy-to-understand examples.

Using Marcello’s own business need for radio advertising as an example, listen as I explain how he can buy that radio advertising time at, for example, 20 cents on the dollar.  He first needs to find a member of a trade organization such as ITEX who is sitting on many trade dollars that he is willing to sell at 20 cents on the dollar. 

Before closing the deal with the trade dollar seller, Marcello would need to find another ITEX member who sells radio advertising time.  Let’s say that the radio advertiser sells radio spots at $100 each.  One hundred radio spots would cost Marcello $10,000.

Now that Marcello has found what he wants to buy (radio spots), he would contact the seller of the trade dollars again and arrange to purchase $10,000 worth of trade dollars for $2,000 – which is 20 cents on the dollar.  He would arrange to have the seller of the trade dollars deposit those trade dollars into the ITEX account of the radio advertiser on his behalf.  Voila!  Marcello can now advertise his product one hundred times through the radio advertiser.

Marcello and I also discuss purchasing trade dollars at a discount and then re-selling those trade dollars to private parties for profit.  Marcello could find a company selling radio spots willing to sell $10,000 worth of trade dollars for $2,000.  Then, doing a little research, find a company (not in the trade organization) and sell them the $10,000 worth of trade dollars for, say, $5,000.  The buyer could beat his competition at half the price that his competitor is paying.  The key here is to have the buyer pay Marcello first, before he buys the trade dollars so that he doesn’t have to use a dime of his own money.

You’ll also get some tips on how the IRS considers these types of transactions and how you can write off anything that the IRS considers income. I hope that this audio will clarify any questions that you may have had but contact me if you have any other questions.  Enjoy!

10 Ideas You Can Start Today With Your Barter Business

Dan had called me to get some detail about how he could become involved with a barter organization – mainly to get enough cash for a fabulous tropical vacation with his wife to celebrate their tenth wedding anniversary.

In this audio, you’ll first hear how we get off on a few tangents that have to do with starting a business which would be a secondary income for Dan initially but that he could subsequently build to be his primary income.

 I know that you’ll find this conversation with Dan about barter to be very enlightening – and you may even discover some new barter secrets that you were unaware of.

I told Dan that my ITEX broker would sign up people that I referred for no up front money.  Dan would only need to pay the $20 per month membership fee – a small price to pay for all of the information about other ITEX members with products and services that he could buy at 20 cents on the dollar.

You’ll hear me give Dan some tips on finding ITEX members who may be very, very interested in selling trade dollars at a low price.  The key is to be creative in what you buy and in reselling the items that you have bought with your trade dollars.

I help Dan to navigate through the ITEX website for his geographic area to see the multitude of ITEX members and what they sell.  I give Dan reasons why some organizations might want to quickly sell products or services for trade dollars before year end.

The way I explain it to Dan, there are two ways that you can make money with trade dollars.  The first is simple: Buy trade dollars for a product or service that you, yourself, might need at 20 cents on dollar.  When you actually use those trade dollars, you are making money by saving money.

The second way to make money requires you to be creative and resourceful.  Buy trade dollars at 20 cents on the dollar and then resell them to another party for profit.  Listen to some interesting examples that I give to Dan about how a person could make tons of money by buying and reselling trade dollars.

One important thing to remember is that you must make sure that sellers are not artificially inflating the price of their products or services.  I give an example of a seller who had increased the price of his services by an incredibly unreasonable amount.  I confronted him about it and we eventually negotiated what I thought was a fair price.  There are no rules – you can always negotiate.

Another way to buy trade dollars and then resell them for profit is to “pre-buy” a product or service from an ITEX member and then negotiate that you will buy in units that can be turned into scripts that you can sell to anyone you want and they can redeem them.  This would be similar to the gift certificate cards that you see for sale at grocery store checkouts.

Dan was convinced to sign up with ITEX and give it a try for a few months.  I reminded him that he would need to put effort into it while being creative and honest.