Have you ever done a contra deal? The kind where you do a trade, for eg, one person will create a website and the other will swap coaching or something else. This is a brilliant way to manage your cash flow, especially when you start out in business but it can often end in disaster.
In this week’s episode I share:
- Why contra deals often go sour
- The pros and cons of contra deals
- The method I have developed over the years to make sure contra deals run smoothly and you don’t lose friends through the process.
To find out more, watch this quick video in this week’s episode of Wonderful Web TV. Your Monday dose of Motivation, Mindset and Marketing.
I’d love to hear your comments and any tips you’d like to share. Share your thoughts below. I’ll come back and join in the conversation.
P.S. If you like this episode please, I’d love you to leave a ranking and comment over on itunes.
P.P.S. One thing I didn’t mention in the video that is really important. Only ever do contra deals to get something you would be happy to pay for anyway. Sometimes people will offer you a contra deal for your service, because they can’t afford to pay, but you don’t really want what they are offering in return. Too often people take the offer just to be nice.
If they don’t have something to trade you really, really want then they should be expected to trade cash.