I'll trade you one red paperclip for that house...

Discussion in 'General Advice' started by larslarson123, Jan 26, 2009.

  1. larslarson123

    larslarson123 New Member

    I was reading into viral marketing strategies and found the 'One Red Paperclip' campaign. This guy, Kyle MacDonald started with a single paperclip, and 14 trades and one year later traded for a house.

    So I was wondering, realistically is there any sort of 'proven' method for this sort of campaign? I love the idea, I'm trying to think of it in terms of exchanging digital items like ebooks or domains...

    If anyone has ideas or has had success, big or small, let me know! I really get a kick out the general idea!
     
  2. Newbie Shield

    Newbie Shield Gold Member

    Hi Lars,

    Consistently excellent bartering skills is all it is. Always trade up. It's okay and even expected that you would botch a trade every now and then. But if you are careful, you should be able to get a fairly steady uptrend in regard to increasing the value of your holdings.

    If you are really intrigued about it, I'm sure you can make it happen.

    Depending upon how worldly things pan out, we may end up in an involuntary worldwide bartering system in the not-so-distant future.

    Interesting topic.

    ~Newbie Shield~
     
  3. mountainmom5

    mountainmom5 Gold Member

    ... I'll trade you an article if you come clean my house.[​IMG]
     
  4. getagrip

    getagrip Gold Member

    Do you have a link to the story? I'd be curious to learn more about what he did to start with a paperclip and end up with a house...
     
  5. A8ch

    A8ch Gold Member

    Years ago I came across a similar system that was very intriguing. The idea was to accumulate $100,000 (perhaps it was $1 million) in free money. There were strict rules.

    1. You could not start with any money of your own
    2. You could only use the actual money you received
    3. You had to rely on your wits to grow the money
    4. You could use only legal methods
    5 You could not tell people you dealt with your overall objective
    6. If you broke any of the above rules you had to start over

    Example. You could start with a quarter you found on the street. Or you could simply ask a friend to give you a quarter. You then have to use that actual quarter in the next transaction, which could be to ask another friend to give you 2 quarters for your 1 quarter. You may get a strange look, especially since you aren't allowed to explain your motives, but a friend would likely give it to you anyway.

    As the amount of money you accumulate gets larger, you could see that the challenge becomes greater. Say you now have $30,000 in cash, you may decide to use $25,000 to fix up a run down piece of property and then flip it for a profit. If you walked away from that deal with a $15,000 profit, you'd have $45,000 in the kitty for the next transaction.

    Even though you are restricted to using only the money obtained in your transactions, that doesn't mean you must keep it hidden under the mattress. You can open a bank account exclusively for your system.

    If you played by the rules and made it to your goal - $100,000 or $1,000,000 - it would technically be all free money.

    Interesting idea!

    Hermas
     
  6. larslarson123

    larslarson123 New Member

    Hahh yeah I agree, very interesting.

    I hope I don't botch too many barters haha great word choice.

    The paperclip guy is Canadian, he documented the whole thing as he went at:

    http://oneredpaperclip.blogspot.com

    I really like the quarters idea, Hermas. I suppose this all fits into the real estate game of fixing up and selling houses, which I'm sure is a pretty legit line of work if you know how to do the repairs cheap (preferably yourself)

    It seems like every day I find a new way to make free money without working for a boss! Good stuff
     

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