Business Opportunity Product Reviews

Barter Arbitrage is an audio, video and pdf based course by Vegas Vince and Sylvia Rolfe that shows you how to make money with barter.

Before going into the review of the course itself, I need to explain the bartering system.

The first kind of bartering is simple bartering with a friend, also known as “chickens for goats.” For example, I have a friend who mows grass. I build websites and hate mowing grass. I’m building him a website in exchange for a year of lawn care. It’s win-win for both of us.

This works fine and dandy as long as both people want the service offered and they are of similar prices. It’s great way to start and every business owner should be doing it. When I started this type of bartering, also called direct trading, I was shocked how easy it was to find people who needed website help that were willing to trade for something that I needed.

The next type of bartering you may or may not have heard of. This type is bartering through an organized exchange. The most popular organized exchanges in the United States are ITEX and IMS. With an organized exchange a barter company facilitates the deals. It’s more of an “alternative currency” than actual trading. The barter member pays with his barter exchange credits and in turn uses his credits to buy things from other members. The exchange charges a fee of 5% for each transaction.

In theory, things in the barter exchange are supposed to cost the exact same amounts as they cost in the traditional world, known to the barter industry as the “cash world”. In reality, the barter world and the cash world have very different pricing structures. Some things are equal. Some are twice as expensive on trade. Some items are 5 or 6 times more expensive on trade. It just depends.

There’s also another problem with the barter networks. Sometimes it can be very difficult to find items needed in your local area. Some things are simply easier to source than others.

Barter Arbitrage changes all that. It shows you how to get super creative in your deals and make money or save money.

For example, I’m trying to buy a furnace for my house right now. It costs $2800 installed. I can’t find a furnace guy who’s in the network.

Here’s what I do…

I go and find a local guy who will trade a furnace for $5000 in advertising. Furnace guys need to advertise and my barter network has plenty of advertising opportunities to work with. Do you think that a furnace guy would take that deal? You bet he would!

Wait a minute, you are thinking….aren’t I overpaying for the furnace??

Well, actually no I’m not. You see, the $5000 in trade that I have didn’t cost me $5000. It cost me a few hundred. The actual amount varies, depending on what I do to earn the $5000 trade.

For this example, lets say $800. So in essence I got a $2800 furnace for $800. Pretty cool deal, isn’t it!

That’s the kind of stuff that you will learn from Barter Arbitrage. That particular deal was only the tip of the iceberg. There are many, many other creative type deals that you will learn from this course.

You say you don’t have any skills that you will offer? No problem. There are plenty of ways to build up trade credits and Barter Arbitrage will go through them step by step.

Ok, is there any downsides to the Barter Arbitrage training….

Yeah, a couple of things…..

One, Vegas Vince is very thorough. It can seem repetitive at times. Stick through it though and let the material sink in. Also, keep in mind that I’ve been a member of ITEX barter network since 2006 so I was able to pick up the concepts covered very quickly.

Also, Vegas Vince is a very direct and to the point kind of guy. He does occasionally use foul language. If that offends you, then maybe this isn’t for you.

Overall, though it’s a good product and I’m glad I got it.

Overall Rating
• 5.0 from 5

Tags: barter, barter arbitrage, bartering, ims, itex, money making opportunity, sylvia rolfe, trading, vegas vince
Filed under: Internet Marketing Training | Mar 14th, 2011.