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Five reasons why you should not barter to create products

While networking, you meet many people who are also in the business building stage, they are interested in your work, but arenít sure they can afford it.

You are ramping up your business, looking for individual clients. While networking, you meet many people who are also in the business building stage. They are interested in your work, but arenít sure they can afford it. So, rather than pay you, they offer to exchange services with you. The barter discussion follows.

Prospective clients might offer to help you format the ebook youíre writing, videotape a presentation or record some audio. These three bartering offers are focused on helping you create and produce product to sell to generate passive income.

Tempting as it may seem to barter with clients during the start up phase, Iím not a big fan of this arrangement, especially when it comes to creating products. Let me explain.

1. Your first ramp up priority is to generate income.
At seminars you may attend, the discussion often covers how itís so much easier to make passive income. But thatís not the fastest path to cash Ė individual clients are. Filling your practice needs to be your main objective. So creating product is like getting distracted by a bright shiny object rather than getting new clients.

2. You donít have a big list for selling products.
During the earlier phase of your business, you are working to build your list. To generate significant passive income, you need a substantial size list for marketing Ė a minimum of 1,000 or 2,000. Thatís when you can start to make money with passive income.

3. The production quality is questionable.
Have your prospective clients created information products before? There is a specific way that audio/video needs to be made to be effective. To keep your clients and customers satisfied, you want to deliver high quality materials or you risk turning them off.

4. People donít take your service seriously.
In barter, even if you have a contract, your project will likely never be on the front burner because there isnít any money at stake. You may have to chase after them to get what you need completed which is no way to conduct business.

5. Your ideal clients will pay for your service.
If a person really wants to work with you, she will find the money. Thatís what I have found during my many years in business. When clients barter for your service, they are saying itís not worth paying for or finding the money. These are not likely to be your ideal clients anyway.

Overall, I recommend avoiding the barter relationship for product creation or really for any reason. It seems like it could work out, and occasionally it does. But more times than not, one party walks away disappointed.

Your Client Attraction Assignment.
If you are interested in creating product while ramping up your business, one simple way is to write blog articles. This way you populate your blog which helps you get found on the Internet. And if you take the time to make a plan before you write, each post could be a book chapter. So over time, your book is getting written to generate future passive incomeArticle Submission, without distracting you from your top priority Ė filling your practice.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Fabienne Fredrickson, The Client Attraction Mentor, is founder of the Client Attraction System, the proven step-by-step program that shows you exactly how to attract more clients, in record time...guaranteed. To get your F.R.E.E. Audio CD by mail and receive her weekly marketing & success mindset articles on attracting more high-paying clients and dramatically increasing your income, visit http://attractclients.com



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