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October 1, 2024 • 15 mins

What if you could boost your business connections without spending a dime? On this episode of the Good Neighbor Podcast, we explore the fascinating world of modern bartering with Stuart Aldrich from Metro Trading Association. Stuart's journey from the corporate world of ADT Security to transforming how businesses trade goods and services is nothing short of inspiring. We tackle prevalent myths about bartering, shedding light on the tax implications and debunking the misconception that it's a tax-free practice. Stuart's insights position barter transactions as a savvy, compliant way to enhance business operations.

Ever wonder how you could expand your business network at zero risk? Stuart shares an exclusive offer for our listeners: mention the podcast and you can waive the application fee and enjoy a free first-year membership with Metro Trading Association, with only a 12% commission on referrals. It's a golden opportunity for local business owners to broaden their horizons. Beyond the professional insights, Stuart also opens up about his personal life, including the joys of fatherhood and his love for family camping trips. Don't miss this enriching episode filled with valuable advice and heartfelt stories.

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Episode Transcript

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Speaker 1 (00:00):
This is the Good Neighbor Podcast, the place
where local businesses andneighbors come together.
Here's your host, Lisa Swiftney.

Speaker 2 (00:13):
Hi everyone and welcome to episode number 120 of
the Good Neighbor Podcast.
Today I have with me goodneighbor Stuart Aldrich, and he
is with Metro TradingAssociation.
Hi Stuart, how are you?

Speaker 3 (00:27):
doing today, hi, lisa Doing.
Great Thanks for having me.

Speaker 2 (00:29):
Thanks for being a guest.
Let's tell our audience aboutyour business.
What is Metro Trading?

Speaker 3 (00:37):
Metro Trading Association is a barter company
or a trade company where wetrade goods.
Basically it's trading thingsthat you have for things that
you need, and we do it on acredit-based system, like a
points system.
So it's dollar for dollar,point for point.
So some call it trade creditsor barter bucks or trade dollars

(01:00):
.
So it takes the old schoolbartering that they did back,
you know, before I guesscurrency was around and uh, and
you know we're doing it in acredit basis so that way you can
kind of network and exchangebusiness with other business
owners by utilizing, you know,your unused goods and then you

(01:21):
can get things that you need.
So it's's a nice system.
It's been around since 1978, atleast Mental Trading
Association has one of the firstin the country and yeah, so
it's kind of like using, it'slike a credit card system, but
its own kind of proprietaryprivate currency, so to speak.

Speaker 2 (01:37):
That's great, tell our listeners about your journey
.
Great, tell our listeners aboutyour journey.
How or why did you get startedin this business?

Speaker 3 (01:56):
So I was working for ADT Security I just got out of
the military in 2008, and I wasin a Genesee County chamber
event.
Mike Mercier, the owner of thecompany, came up and was looking
for somebody to help grow theGenesee County area, the Flint
area in Michigan.
There, and the way he talkedabout it and explained it and
what it was all about.
I was kind of getting burnedout with selling small business
alarms for ADT security and thecamera systems, mostly because I

(02:20):
was working three times as hardfor a little bit less money,
because I was doing so well withthe business that they just
kept putting reps in my area.
Because you know how salescompanies go If you do well,
they put a little more people inyour area.
So anyway, I was kind oflooking for something, anyway,
casually, and after the meetingI went to Mike and I said, hey,

(02:40):
I'm interested in what you gotgoing there.
I think I believe in this.
This is cool.
So we went across the street,had a coffee downtown there in
the bricks in Flint, and hourlater he hired me essentially
and I was like, cool, I startnext week, you know.
So I, you know, gave whenyou're in sales you don't need
two weeks notices.
So basically I just finished upmy jobs there with ADT and the

(03:03):
next Monday I was back at MetroTrading Association and got
trained up and you know Istarted signing people up like
crazy because I just believed inthe mission.
It was just cool how everyonesupports each other without
having to go to meetings.
It's like networking or BNI orChamber without having to do a
meeting.
And I loved it.
It was cool, so I had a greattime with it.

Speaker 2 (03:31):
What an amazing story .
Can you tell us about any mythsor misconceptions that you hear
about in your industry?

Speaker 3 (03:35):
One of the big ones and I just came into this again
yesterday or actually Fridaythat it was tax-free and the IRS
looks at barter or trade thesame cash, dollar for dollar, as
regular dollar currency.
So some people think that it'sa way to do business without

(03:55):
having to pay taxes.
But in fact at the end of theyear we have to give out a
1099-B for barter.
It's a tax document that youhave to file with the IRS and
that is one of the big thingsthat people think that when they
talk to me that they're goingto get kind of under the table
kind of business, but it's alltreated the same as a regular

(04:17):
tax dollar.
So that's one of the big things.
That's a big misconception inthe trade business.

Speaker 2 (04:23):
I would never have thought of that.
That is, that's true.
People don't even think of that.
So, tell us a little bit aboutyou when you're not working on
your business.
What do you like to do for fun?

Speaker 3 (04:37):
So I just had a new baby.
Last year my wife and I got a.
I think he's 15 months old now,so I'm busy with him, with
lincoln, so he's uh, yeah, he'scool and uh.
So I, just any chance I can get, I spend time with my boy and
uh, and now we're starting toget into camping again.

(04:58):
I promised myself back in I wasat 2004 uh, I would never camp
again because I, when I wasdeployed, I was just burned out
with the tents and I didsurvival schools and all that
and I was like, okay, you knowwhat, no more tenting, I'm done
camping.
And then my wife talked me intoit.
So now it's, you know, but it'sdifferent now.
So it's the family, the kids, ifyou're eight years and older,

(05:21):
on the campgrounds.
There they're able to run freeand they just love it.
All kids kind of.
It's like old school, you know,back in the day, where all the
kids run together, ride bikesand it's neat.
So, uh, the camping we do ismore on resorts.
It's a the outdoor adventures,so it's a timeshare based area,
so everyone has running waterand electricity and you know

(05:42):
those nice clean bath houses, so, and there's a lazy river and
like four pools and you know allkinds of stuff on the
campgrounds for the kids to do,and I usually I'll find me
building a fire.
I'm still I'm a fire bug, so Iplay with fire and that's what I
do it's a sense of community.
Yeah, yeah, you're alwaysmeeting somebody new and

(06:03):
everyone's walking by and it wasreal friendly.
They're all in their golf cartsand the kids are in the bikes
and you know it's nice.
It's like, uh, back when Ilived in clio, back in, or
frankenmuth.
I grew up in frankenmuth tooand ride my bike around town.

Speaker 2 (06:14):
It's just nice so that is good, so, and it's good
that you still have those umyou're creating um, those
moments that create memories.
So yes yes, your kids willremember that forever yes.
So can you describe onehardship or a life challenge

(06:35):
that you rose above and can nowsay because of that challenge
that you're better for it andare stronger?

Speaker 3 (06:42):
I'd say you know a real recent one was that I was
laid off, with most other peoplegoing on right now it seems
like.
Anyways, in January I was laidoff after working for a company
for eight and a half years,which is why I worked for Mental
Trading Association about adecade ago Actually, I think it
was July 2013.

(07:03):
We looked at my old records andI hired in there and then I
worked there for a couple ofyears and then, basically, I was
headhunted and then uh off,made an offer I couldn't refuse.
So I went and worked for themand thought I was gonna
basically retire there.
Of course, I guess most peopledo whatever.
I had a good gig and uh, so Iwas laid off in january but was

(07:25):
offered a huge severance packageand just a bunch of help.
The company I worked for wasgreat.
I don't know if I shouldmention it or not, but I mean,
there's no hard feelings, youknow.
But it ended up being greatbecause you know at the time
what my son was, what?
Six months old, I think.
Yes.
So he was born in June.
So, yeah, six months old.
So I was able to stay home andhang out with him and we have a

(07:47):
really nice fireplace wood stovethat I just love burning wood
in, and so I was able to prettymuch keep that running 24 hours
a day, seven days a week, justfor like a hobby to do, and, you
know, because I was up allnight with him anyway so and I
don't sleep anyway.
So it was that worked out wellfor my wife, because to get up
at 3 am, 4 am and take over theearly morning shift it was no

(08:11):
problem for me, because I'm upanyways usually having a coffee
or watching the fire.
So here comes Lincoln down thestairs and we just hang out the
couch and watch the fire.
You know it's cool.
So, yeah, like it was, I gotlucky.
The company I had was, you know,I got a nice, I guess a
severance package.
So I was able to hang out forsix months I think.
Finally in June May or Junetimeframe we were just kind of

(08:35):
talking like all right maybe,you know, I guess it's time to
go back to work.
Maybe the early retirement thinghasn't working out for me so
much.
I'm getting kind of stir crazyand, you know, kind of bored.
So and uh, so it worked outgreat, though while she needed
me, when he was really, you know, going through the long nights,
uh, I was there and I I lovedit.
And now now I'm back to workagain and doing the old, you

(08:57):
know traditional nuclear familything again.
So that is great.
I'm sure your wife appreciatedthat right oh yeah, and we all
bonded really well too, you know, with the kiddo and stuff like
that.
So perfect.

Speaker 2 (09:11):
So what is one thing you wish our listeners knew
about your business?

Speaker 3 (09:16):
One thing I get actually a lot when I'm talking
to people is that they want cashbusiness is what they tell me.
Like I need cash.
And it's a hard concept to wrapyour mind around trade dollars
if you don't, I guess, reallyunderstand it as much as I wish

(09:37):
I could portray to people.
And even my wife was in thatsame line of thought because I
actually signed up.
We had an LLC for a littlewhile and I put it under Metro
Trading Association because Iwas like this is the best way to
grow our company.
People are going to know us,they're going to talk about us.
Everyone's a business owner andeveryone knows everybody.
So, even though we may not get,she was selling bath bombs and

(10:04):
shower bombs and uh, you know,uh, shot lotions and things of
that nature that were allhomemade.
And I said you know everyone'sgoing to mention us and so you
know we'll get that, that money,at trade dollars anyways.
And then in exchange we getreferral business and um, and
then in exchange we get referralbusiness and it's one thing to
kind of wrap your head aroundthat you will pay for.

(10:25):
You're leaving your overhead tofree up things that you need to
pay cash for.
So like consumers power.
You know DTE energy doesn'ttake trade dollars, but you know
your HVAC people might, or youcan get printing done on it and
so you save your cash.
Get your printing done for yourmenus or business cards.

(10:46):
Now you got more cash businessleft in you to pay you or to pay
for bills.
That doesn't take trade dollars.
And we did a trade show forMetro Trading which is coming up
on October 16th actually thisyear, and you know we made like

(11:08):
$1,000 or something like that or$1,200 in a matter of four
hours at the trade show in tradedollars.
And you know she was blown away.
My wife was blown away becauseshe was like, well, we made more
money in four hours.
We made all summer at thefarmer's markets, for I think
there are four to six hours perday on a Saturday and a Sunday.
Plus you got to drive there,you got to set up, you got to
unpack, you got to drive home.
It's hot and you know not, Ilove farmer's markets.

(11:28):
We made friends there.
But the fact of the matter isthat we made more money in four
hours at the trade show than wedid all summer.
And then with that money, thetrade dollars I literally got,
uh, you know, gas line installedfrom my uh generator that I
have.
I converted it to natural gas,so when the power goes out, I
don't get you know, unleaded gasat the gas station.
Um, I made, I converted my mygas grill from propane and

(11:52):
natural gas so I have unlimitedfuel now and, uh, I got my my
air conditioner tuned up, all ontrade dollars that I didn't
have to come out of pocket for.
I paid the 12% commission on it.
So it was $120, I actually, andplus our product, whatever that
cost us.
But I got all that done.
Basically, let's just say $200.

(12:12):
That's like a wholesale.
You're kind of getting HVACthings done on wholesale prices
because it was just excessinventory and we had fun anyways
and it was great.
So the more I wish I couldportray to business owners about
yeah, you're not getting cashfor the trade business I'm

(12:33):
sending you, but you're going tofree up cash to pay for other
things that you can't use.
So that's one of the biggestthings.
I wish you know it would bemore advertised and it's and
trade and barter isn't.
There's only very few selectbusiness schools that even talk
about it.
I think OU does and it's reallycool that they talk about in
the entrepreneur classes, aboutthe.

(12:54):
You know are are my business,like trade.
So I think that's really cool.
I think it's OU that does thatanyway.

Speaker 2 (13:02):
That is good so, and we need more business classes
for our children that are comingup and going to school, or even
in high school.
You know, for kids who don'twant to take the college path,
because I know trades is hurtingand they need a lot of need a
lot of people there too.

Speaker 3 (13:21):
Yes, yeah, exactly.

Speaker 2 (13:23):
So our listeners are now intrigued.
They want to learn more, so howcan they contact you?

Speaker 3 (13:30):
So metrotradingcom is the best way.
That's metrotradingcom, or thephone number is on there, but
it's 248-244-0000.
And I'm also on LinkedIn aswell for Stu Aldrich Metro
Trading, so those are the bestways to contact us.
All the information's on ourwebsite.
I'm always available, or thebrokers are always available

(13:52):
between nine to five, and youcan give us a call there and get
more information or go to thewebsite.
It's all in there too, and youcan even sign up online as well.
I did want mention, if you uhmentioned, uh, the good neighbor
podcast.
Uh, when you talk to us and letme know where you came from,
I'll give you a 400 free sign upuh in the metro trading
association.
So wave the application fee offour dollars and the first years

(14:15):
monthly as well, which isusually 19 trading cash.
So just you know that you gotmy information from here and we
can get going.
So all you pay for is the 12%commission for the businesses I
send you.
So literally you're not payingfor anything until I can get you
business.
It's a win-win.

Speaker 2 (14:32):
That is amazing.
Well, Stu, thank you so muchfor being a guest today on our
Good Neighbor podcast.

Speaker 3 (14:39):
Yes, thank you for having me.

Speaker 1 (14:41):
Thanks for listening to the Good Neighbor podcast,
rochester.
To nominate your favorite localbusinesses to be featured on
the show, go to gnprochestercom.
That's gnprochestercom, or call248-988-9600.
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