Tradingo Blog

August 28, 2009

Tradingo.com Mission Statement

Our CEO just crafted our mission statement and I think it sums up the tradingo philosophy of doing business very well:

“We value the relationships that have been built with each one of our members. For tradingo.com, our commitment to you remains unchanged; we will continue to strive to provide you with a superior level of customer service, personal attention, and an online marketplace that is second to none. We firmly recognize that our success is tied to the success of our customers and thus, we will always make the extra effort to exceed your needs, requirements, and expectations.”

The Tradingo.com Team

August 20, 2009

Is Barter Illegal? And What About The IRS?

Filed under: Updates — Tags: , , , , , , — TJ @ 5:40 pm

Judging from the large volume of mail we’re getting, there is a popular misconception out there that bartering is illegal. Bartering is not illegal, but when it comes to the reporting of barter income the waters get a little murky. The statute says that you must report as income the fair market value of goods or services received. If that sentence made you raise an eyebrow with its ambiguity, you’re not alone. I’m still trying to get a good answer on this and my tax attorney will be getting back to me, but in the meantime I want to let you know that the IRS is concentrating not on individuals trading items, but the “Barter Exchange” sites such as tradebank. Basically a barter exchange is any organization with members or clients that contract with each other (or with the barter exchange) to jointly trade or barter property or services. In the case of tradebank, services are credited with a dollar amount, or banked, then put on account. The banked credits are then used to purchase goods or services from other tradebank members. This sort of transaction must be reported to the IRS (normally on Schedule C) at the end of the year.

I’ll be getting more information from my tax professionals this week so stay tuned.

August 6, 2009

Complete Tradingo Text Tutorial

Filed under: Tradingo Tutorials — Tags: , , , , , — TJ @ 4:15 pm

Welcome to the Tradingo! Online Tutorial! Check out the guide below to get started trading, buying and selling!

(If you prefer video tutorials you can find them here:
http://blog.tradingo.com/category/tradingotutorials/)


First, sign up. It’s Free.
Upload stuff to trade to your closet-that’s what we at tradingo call the area that holds the stuff you want to trade. Go to the toolbar in the right hand corner, and click on the double arrow icon:

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Name the item, describe it, tag it, rate the condition (1=worst, 5=best), and add a picture of the item if you have one (items with pictures trade and sell faster). If you’re a TradingoPro member, you can add a price to the item if you want to sell it (more on that in a minute)

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Once you’ve uploaded your stuff, you’ll need to know about the tool bar (in the upper right hand corner of the page:
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And the Navigation bar:
NavBar

Next, check out what people have for trade:
trade

See something you like? Propose a trade:
propose

You’ll get a message sent to your email letting you know if your trade was
accepted or rejected.
If you see an item with a price:

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And you want to buy it, click on the picture of the item, and you’ll see this:

Either offer an item to trade, or, if you want to purchase the item, click the “buy it now” button and you’ll be taken to your PayPal account (you’ll need a PayPal account to buy items on tradingo) where you can transfer funds into the sellers account.


If you want to sell your items, you’ll need to sign up for a TradingoPro Account:


Before you can upgrade to a TradingoPro Account, you’ll need to set up a PayPal™ account if you don’t already have one. Once you’ve upgraded your account to TradingoPro, just add the email address you used to sign up for PayPal™ to your “My Account” area-its at the bottom of the page:

When that’s done, you’ll notice there’s a new field in the upload section, the “Price IT” field. This allows you to add a “Buy It Now” price to your items.


Now, other Tradingo members can either buy your item or offer an item for trade:


If they buy your item, you’ll get an email notification and the funds will be deposited into your ebay account. Don’t forget to send the item out within 24 hours.

If you have any questions, please contact us at support@tradingo.com

If you prefer video tutorials you can find them here:
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August 2, 2009

Message From The CEO

Filed under: Updates — Tags: , , , , — TJ @ 4:43 pm

A Message From Thomas “TJ” McNamara, Founder and CEO of Tradingo.com

With the summer upon us, I would like to take this opportunity to thank you,
our members, for making tradingo.com one of the fastest growing sites on the internet.

You’ve given us great feedback over the past month and that feedback has been instrumental in making tradingo a great trading experience, and, has resulted in us adding our newest feature: Buying and selling. Now, in addition to being able to trade your items, you’ll be able to also add a cash price for all other tradingo members to see. This will give our members even more options in their tradingo transactions.

We value the relationships that have been built with each one of you. For tradingo.com, our commitment to you remains unchanged; we will continue to strive to provide you with a superior level of customer service, personal attention, and an online marketplace that is second to none. We firmly recognize that our success is tied to the success of our customers and thus, we will always make the extra effort to exceed your needs, requirements, and expectations.

We look forward to another exciting and rewarding period as we get ready to roll tradingo.com out to a national audience. Together, let’s continue to help create
The most incredible barter, buying, and selling community on the web.

Sincerely

Thomas “TJ” McNamara

August 1, 2009

Tradingo Adds Buying And Selling!

Wow! We just added the buying and selling feature. we’re really excited about this because it adds a whole new dimension to the tradingo experience. We’ve made a quick tutorial on the buying and selling feature-here it is: