Hey, Lucky Bee.
Today we’re talking about a very cool topic, and it’s something I’m super passionate about:
Why you should stop bartering.
If you don’t know what bartering is, it means exchanging your goods or services for somebody else’s goods or services without money ever changing hands.
I believe this is a hugely detrimental thing for female business owners to do and I’m going to tell you why in this video.
Prefer to listen? Click play below
Lucky Bitch Video Transcript – Why You Should Stop Bartering
Bartering seems like a great idea
But it’s not.
At the start of your business when your budget is tight, bartering can seem like an amazing idea, and most of us do it. Free stuff? What’s not to like?!
Early on in my business, I knew that I needed some good website photos. The ones I’d taken were of me in my mom’s backyard. I had a Nokia phone (it wasn’t even a smartphone back then), took a picture of myself against her patio wall and that was my head shot. Yep, it was super dodgy and looked amateurish.
I knew I had to upgrade and pay for some professional photos, but I couldn’t afford it. (Or to be honest, I just wasn’t willing to spend the money. I didn’t see the value.)
I found a local photographer and told her I’d create her website if she took my photos. Win win, right?
It seemed like a great idea, but creating websites wasn’t my business. Yes, I could do it (and of course, I had done my own) but it’s not my zone of genius!
Even though it kind of worked out at the time (I got great photos, but she got a pretty average website), there comes a point in your business where you really have to stop the bartering arrangements, and graduate to paying for the best professionals for your business.
Why bartering is bad for female entrepreneurs
First of all, what message are you sending to the Universe?
I do understand that it feels convenient, collaborative even. It feels warm and fuzzy like, “Oh, what a great concept! No money has to change hands. Let’s live in an energetic economy where we all help each other.”
That’s all well and good, but if you aspire to have a thriving business and to make actual money, then bartering can really stop the flow of money into your business.
It is a highly symbolic milestone to accept money for what you do and to pay other people in return.
Otherwise you send out a message to the Universe that broadcasts, “I do my work for free” and it can set you up to never really accept actual money into your business.
Have you noticed that when you accept bartering arrangements, you attract even more of them instead of paying customers?
Clean up your money energy
Have you noticed that when you’ve done bartering arrangements before – it’s not always quite equal?
Sometimes it’s something you didn’t really want anyway or you feel like you’re giving more than you’re receiving.
It really is energetically messy to barter instead of accepting and paying out money for what you do.
Trading money is much, much cleaner
Someone in my community recently told me, “It’s easier to barter if we’re going to buy each other’s stuff anyway. No money has to change hands, we don’t have to pay taxes, it’s just easier.”
But bartering can create big problems
I did this myself, and it really messed up my books.
I owed one of my coaching clients affiliate money. Instead of her paying me one of her coaching installments, I just took the amount off her affiliate fees.
That was really messy a year down the track when we were doing an audit of my affiliate payments. I had to remember the arrangement which was largely verbal and we’d only sent one email about it,
So, it created some practical problems for my accounting and for her accounting as well.
I’m going to quote one of my money mentors here, Kendall SummerHawk, who I absolutely love. She says of bartering;
“It should never be inconvenient to trade money.”
I should have paid the affiliate money out, and my client should have paid me as normal. We should have respected the transaction, even if it felt “easier” to trade.
If something is worth paying for, and you want to have an energetic barter arrangement, just pay each other.
It doesn’t matter if it’s the exact same amount.
Pay each other so you’re respecting each other’s work
What happens when you stop bartering?
When you draw a line in the sand and stop bartering, really amazing things are going to happen.
First of all, you are going to get a test
This happens every single time.
I talk about this a lot in my money blocks audio – make sure you listen to that at www.LuckyBitch.com/Blocks.
If you say, “I’m not going to barter anymore,” within the next 24 hours somebody will send you a message and say, “Hey, I’d love to do your course. Would you like to do my course in exchange?”
It’s going to happen
It absolutely will
The thing is, learning to say no and drawing that powerful line in the sand is going to be a symbolic rite of passage for you in your business.
It will open up so many avenues for you to receive actual money.
Trust me, it absolutely will happen
What should you say to people who want to barter?
It’s really easy to just say no.
Remember, no is a complete sentence
When you get better and better at saying no (and there are other ways you can say it, for sure) you’ll find that nobody will ask you anymore. You’ll start to attract more paying clients, so you’ll be able to pay other entrepreneurs too.
It’s a little test from the Universe to say, “Are you sure? Do you actually want to receive money in your business?”
If you keep on saying no, people will stop asking and eventually, nobody will ask you again.
Trust me on this.
It’s been years and years since anybody asked me to do a barter arrangement with them because I’m not energetically aligned to bartering anymore.
I’m energetically aligned to receiving money and being happy to pay other people’s prices as well.
If you want a little bit more insight into this and why it’s such a big money block for women, then listen to my free audio class at www.LuckyBitch.com/Blocks.
I talk about bartering in more detail including what you should say when somebody asks you to barter, and I talk about six other money blocks you might want to start working on as well so you can take your income to the next level and create your First Class life.
It’s your time, so stop bartering today
Draw a line in the sand and say NO MORE BARTERING.
Are you with me? Are you willing to take the pledge?
It’s your time and you’re ready for the next step.
Did you miss last week’s post? Check it out here: How to Make Friends with Successful Entrepreneurs