facebook The Business Exercise That Changed My Life — How to Trade... - Vigyaa
Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Everyone has a Story to Tell and an Experience to Share!

Let’s Start Writing
ded95d0a-dea6-4928-ae7b-9ebc2edc4fa5

13214 views

The Business Exercise That Changed My Life — How to Trade a Paperclip for a House

Is it possible to trade a paperclip for a house? Turns out it is.

#

A long time ago I participated in something called Billionaire Bootcamp. I was doing the complete courses Chris Howard, a life coach, offered. In short, I was training to become a life coach myself. Not because I wanted to be a life coach per se, but because I was fascinated by psychology and wanted to learn out of curiosity. As the courses were also targeted to people who wanted to improve their own lives through personal development, one course revolved around finances and was called Billionaire Bootcamp.

During Billionaire Bootcamp, we did one exercise that will stay with me for life. It was called The Paperclip Exercise. For this exercise we were divided into groups. Each group got a paperclip. We had to trade that paperclip for something else, that we’d trade for something else, that we’d trade for something else and so forth. The idea was that we’d trade for something better every time we made a trade.

The fascinating thing? People who had done this before us had ended up with something like a house. I can’t remember the details, but it was a big deal.

The thing is, you don’t go from a paperclip to a house in one trade. You tell someone in the local restaurant that you’re participating in a game and ask if they can’t donate one free meal in return for the paperclip. They do that, you take the gift certificate from them and trade it for something else, explaining you’re part of a game and can’t they please help out? With each trade, the value increases.

Now, you have to get smart, of course. You need to call your contacts and ask them what they can throw in for free, such as a free coaching session. Or twenty discount tickets to the cinema they own. Then you need to find the people who truly need those things and therefore are willing to give you something that to you is of higher value.

As you’re a group of people you work together and call in favors right, left and center. As it’s a game, people are prone to help you. They’re buying into something more than a trade — they’re helping their friend win a competition.

As it’s a competition and you’re under time pressure — whether it is an hour, or 24 hours — you have an adrenaline rush where you’re competing to win. It gives you the oomph you need.

Another thing that has stuck with me is the preamble for the game: imagine someone would die if you didn’t reach your goal. When the stakes are different, you think differently. You get a lot more creative.

Imagine you’re trading a paperclip to raise funds for someone who needs surgery for cancer. Now the stakes are higher. And now people are more willing to give you a helping hand, because they know what you’re fundraising for.

I can’t even remember what we ended up with during this exercise — I was much more stunned by what the other group had previously accomplished and the idea that if the stakes were different, you’d act differently. However, I do remember we ended up with a lot more than a paperclip.

It’s surprising what people will do to help you when you’re working on achieving a goal. And it’s surprising how invested strangers can become in your goal, if you only show them your own enthusiasm. Before you know it, you have an entire team backing your efforts to trade a paperclip, raise money for a cause, or set up your business.

These days many people do crowdfunding online, but how about combining that with an offline campaign where you walk around to every store in your neighborhood, explaining what you’re doing and why you’d like their support. What if you film them and put the videos up on your campaign page, showing the support you got? Wouldn’t that entice more people to donate to your cause?

What’s also memorable about this is how much can happen if you set aside 24 or 48 hours to work on one goal only.

So if you’re sitting there thinking that something you want to do is impossible, consider it from the point of view of The Paperclip Exercise — can you get a team together and go out there and start trading till you reach your goal? Can you enlist people to your cause and start a movement? Can you set aside 24 hours for a mad rush of activity where you and your team conquer your city to reach your goal?

If you can trade a paperclip for a house, anything’s possible. 



Related Articles
While women have always excelled in a huge range of fields, it’s refreshing that these days enterprising females have so many role models to look up to – from thought leadership gurus like Arianna Huffington and Sheryl Sandberg to inspirational indie creatives like Laura Jones and Heather McDaid. So whether you want to be a high-powered corporate leader or to make waves in a niche industry, you’ve always got someone to look up to. That said, life as a self-starter female can occasionally be slightly isolating, so getting the opportunity to network with likeminded people is always appreciated – you can keep your social skills sharp, pitch new ideas and potentially find collaborators. And if you fancy doing business across borders, you’ll find networking events across the world where you can expect a warm welcome – here are four fantastic conferences for female entrepreneurs in 2020. 1. Raising Influence Live – Tampa Soaking up some Floridian sun while networking with some of the brightest and best female entrepreneurs in America sounds pretty sweet, and that’s exactly what you can look forward to by attending Raising Influence Live in Tampa between 1-2 Feb 2020. Hosted by forensic automation specialist Jenna Carelli, speakers include business coach Amelia Travis and growth specialist Jamie Van Cuyk. 2. Run the World, Melbourne For many visitors, Melbourne is Australia’s most cosmopolitan city – packed with theatres, chic cafes and beautiful bars, there’s a brilliant buzz about the place all year round. When you attend the Run the World conference in February, you’ll meet the movers and shakers who are bridging the gender gap in several sectors – find out more at runtheworld.com.au. 3. AccelerateHER Bootcamp, Edinburgh If you’ve never been to Edinburgh, you’re missing out on a real gem – which other capital city has a main thoroughfare overlooking a castle perched on top of an extinct volcano? It’s also a hotbed of female enterprise too, where experienced businesswomen are happy to lend a helping hand to those on the way up. Networking at the AccelerateHER bootcamp on March 4 will help you hone your pitch to perfection for investors. 4. Global Summit of Women, Bangkok When you want female networking that’s a little on the exotic side in 2020, it’s hard to see past the Global Summit of Women in Bangkok between 23-25 April. This is the 30th anniversary of this particular gathering and terrific topics up for discussion include promoting ethical corporate governance and increasing national GDPs while uplifting families and communities. Getting there Whichever of these events floats your aspirational boat, you’ll find the cheapest flights possible on kayak.co.uk. And if you usually drive to your departure point, Looking4.com has airport parking for Heathrow and a host of other air hubs in the UK and beyond. So ends our list, but if you’re booked up for any other female networking events in 2020 which you want to recommend, please tell us all about them in the comments section!

Reference Image
Close