In my last article, I talked about X Deals, what they are, and how they work. To refresh your memory, an X Deal is basically a barter arrangement between companies. It is very popular in the place where I live.
I gave an example of an X Deal in my last article about exchanging Website advertising for Coke products. The fellow who was initiating the X Deal was trying to get 50 Cases of Coke per month. This is just a small X Deal, but it’s a good example. OK, honestly, how many of us drink 50 cases of Coke per month? Not many, I’d guess. What would you rather have, 50 cases of coke or 4 cases of coke and $130 or so? Well, cash is king, right, so most of us would certainly prefer to have the cash. Either 100% cash, or enough coke to fill our needs, and the rest in cash. With coke all you can do is drink it. With cash your options are unlimited.
However, the next key to making money is to turn that commodity into cash. There are other people drinking coke, right? Maybe you can sell your over-supply of coke to the local convenience store. Maybe you can start a new business where coke would be an item that you sell. Since you are essentially getting the product for free, your profit margin would be very nice!
On the X Deal that I recently completed, I am going to do two things. I am going to use some of the things I get for my family’s use, and I am going to use some of the things to start a new business. So, I get something for free from the deal that my family can enjoy, and I will also use it to make some additional income. Nice! In fact, with this deal that I did, I will make much more than the actual dollar value of the item traded to me. That is the beauty of the X Deal. You can actually use it to make a lot more money than you would have with a cash deal in the first place, but just have to do a little extra work.