O&M Paper Clip

1368 Words Oct 30th, 2014 6 Pages
BUS 330 Prof Williams
Yi (Rebecca) Gao
Paper Clip Exercise Log
Trade #: 1

Item traded for: Photo Frame

Estimated value of item traded for: $15

Picture of item traded for:

Date of trade: 03/28/2014

Name of person you traded with: Samantha Chen

Your relationship with the person: Friend

Comments about the trade:
Since I knew Samantha from freshman year, I have seen this frame with no picture inside sitting on her shelf with dust for two years. Apparently, she doesn’t want to throw it away, but she is also not using it. So, I thought it might not be hard to trade my paper clip for this frame which became my target point. Another reason I targeted this frame was that I wanted to start big so that I could trade for more
…show more content…
After the trade, I searched the price online and realized that I could probably trade the photo frame for something more valuable than the Yankee candle set. One lesson I learned was to do research in advance and never agree on something if you don’t know anything about it.

Trade #: 3

Item traded for: Origins Ginger Essence

Estimated value of item traded for: $40

Picture of item traded for:

Date of trade: 03/29/2014

Name of person you traded with: Yuyong Yang

Your relationship with the person: Friend

Comments about the trade: This trade was made unexpectedly. When I was in my friend’s apartment, I saw at least 20 bottles of perfumes in her bathroom. So, I immediately realized this might be a great chance to trade. I adopted the strategy I used in the first trade by mentioning the fragrances first and listening to her talking about them. After I figured out she liked to try out new fragrances, I knew that there was a big possibility that she would be willing to trade her used fragrances. Then I told her our assignment and offered her the candle set. That was when I knew that like me, she never bought candles before. So, I withheld information about the actual price of the candle set because I estimated that there was a price difference between the two items even when the 1/3 of the fragrance was used. When persuading her, I used the central route by listing out the benefits of the candle set:

Related Documents