EBE Chapter 14 Terrifying Profits
Chapter 14 Terrifying Profits
Shen Youqing didn't know what to say, because she had no other choice.
Ye Lingxi's family owned a leather goods factory, but two years ago, her father's health collapsed and he had to return home to recuperate. The factory was completely handed over to Ye Lingxi to manage, and it was originally thriving.
However, just three months ago, issues with international trade terms caused many international orders to be interrupted. Domestic factories rely heavily on trade inventory, and Ye Lingxi's leather goods factory receives 80% of its orders from overseas.
There's a backlog of inventory, and we can't stop all the hundreds of workers from working. If we stop, we need to settle all their wages, otherwise the workers will definitely riot.
But after the wages were settled, the workers left, and the factory was completely finished, leaving behind only unwanted goods and a mountain of debt.
Therefore, even with a backlog of inventory, production continued.
The factory has already opened a wholesale store in Guangzhou, but everyone at the wholesale stalls there is in a similar situation now. They simply can't sell their goods and they can't afford to lose money!
Ye Lingxi came here this time with the intention of splitting into two groups: one is to open a stall in the Yangcheng wholesale market, and the other is to open a brand store in Yancheng and open a retail market.
This is a choice made without a choice.
As Shen Youqing listened to Ye Lingxi speak, she noticed that Ye Lingxi's eyes were red again, so she could only interrupt Ye Lingxi and offer her comfort.
Fortunately, there were only the two of them in the office. If there had been even one man in the office who witnessed this scene, he would have been heartbroken.
Shen Youqing is the aloof and dignified type, with a cold and aloof temperament that keeps people at a distance, while Ye Lingxi is extremely pure, giving people the impression that she is as innocent and pure as a high school student no matter what age she is.
But she was so pitiful that I felt sorry for her.
...
Below the shopping mall.
Liu Qiang was also keeping track of when Jiang Cheng would arrive. Whenever he had time, he would wander around downstairs, and he had been doing so for quite some time.
After finishing a cigarette, I was about to go upstairs and come down to check on things later.
But then I saw a familiar figure walking towards me from the roadside in front of the small square.
coming!
Liu Qiang immediately perked up!
This young man is his lucky star. Shen Youqing has been in this mall for more than a month, but apart from yesterday, he has hardly spoken a few words to her.
But yesterday was different. Although I spoke even less to Shen Youqing yesterday, no more than three sentences in total.
But he actually stood next to Shen Youqing for more than an hour, which is when Shen Youqing was sitting at the stall downstairs. He stayed by Shen Youqing's side the whole time.
The young lady must have seen it all!
Moreover, he could tell that the young lady was very interested in Jiang Cheng. Yesterday, before he got off work, she even asked him about it!
After thinking it over all night, Liu Qiang realized he was right. As long as he got along well with Jiang Cheng, he would definitely be able to win over the young lady!
Therefore, when Jiang Cheng arrived, Liu Qiang was even more attentive than Jiang Cheng himself.
After greeting Jiang Cheng, he immediately ran into the mall to call for help; he didn't even need to be asked to lift a finger.
He called out the three people from the mall yesterday, and they set up the car stall.
"Young man, why are you so late today? Aren't you afraid the mall will fine you?"
"If you don't come soon, I'm going to complain to the mall. My old man next door insisted that I bring him over today; he said he wants my wallet too!"
When Jiang Cheng arrived at the scene, he found that there were guests who had arrived earlier than him and were waiting for him.
Moreover, there were more than one such guest; there were six.
Jiang Cheng also inquired out of curiosity and discovered that all six people were after the wallets and leather shoes.
"Alright everyone, please wait a moment, plug in the speakers and get ready, we'll start right away!"
Liu Qiang and his men quickly set everything up, but a small open space in the middle was left empty.
Yesterday there was money displayed in that spot, but Jiangcheng doesn't plan to display it again today.
Because displaying money is a bit of a rip-off. First of all, money is just a piece of paper placed on the ground, so it can't be caught. If it is caught, it's just good luck, and the probability of that kind of luck is no different from buying a lottery scratch card.
So doing it once is fine, but doing it too often will damage your reputation and make you more likely to be reported to the police.
Jiang Cheng had been thinking about whether to exchange other things in the middle, but after seeing the people waiting, he decided to put his wallet in the middle.
Regarding the wallet game, Jiangcheng added rules yesterday: 5 yuan for 5 rings, or 30 yuan for a wallet if you don't win anything.
Collect three wallets, and you can exchange them for a pair of leather shoes.
From Jiangcheng's perspective, the best outcome would be that a wallet sold for 30 yuan, or a pair of leather shoes sold for 90 yuan.
The profit margin here is shockingly high. Keep in mind that the wholesale price of a wallet is only 5.8 yuan, and leather shoes are only a little over 20 yuan.
And this thing is really not a scare tactic. Jiang Cheng checked it carefully and the bag and shoes were indeed genuine leather, but it was obvious that they were not top-grain leather, as there were bits of leather glued together.
The stall was set up quickly, and Liu Qiang waited for Jiang Cheng to deposit the cash.
But Jiang Cheng had placed nine wallets in the middle as well.
"Huh, why aren't you putting money in?" Liu Qiang asked, somewhat surprised.
Jiang Cheng didn't explain, but simply said, "I'll put the wallet away today."
Liu Qiang nodded as if he had just realized something and said, "That's right, wallets are more attractive. Just now when I was here, several people asked me if they wanted to buy a wallet."
Jiang Cheng smiled but didn't say anything. Some lucky people or those with good skills could get a wallet for just over ten yuan.
But most people yesterday spent 30 yuan and didn't get anything; they just redeemed their wallets with points.
A wallet for 30 yuan isn't a high price, but if you just put wallets out there and sold them for 30 yuan each, definitely not many people would buy them.
Let alone 30, even if it were sold for 20 or 10, business might not be that good, and there definitely wouldn't be this long queue.
To put it bluntly, even if they sold for a few dollars each, no one would line up to buy them.
When something sells for thirty yuan, people's first impression is that it's worth three or four yuan; when something sells for a few yuan, people's first impression is that it's worth a few yuan.
Therefore, the first step in thinking is to consider whether you need it.
The current queuing situation is entirely due to the "Xi Hong effect" created by hype and speculation!
Since neither the wallets nor the shoes had price tags, the price had already been verbally inflated to 288 yuan for a wallet and 500, 600, 700, or 800 yuan for the shoes. Jiang Cheng himself was not even sure of the exact price.
So the attraction of being able to exchange a wallet worth over 200 yuan for just a few yuan is completely different from the attraction of buying a wallet for just a few yuan. Moreover, even if you don't end up getting one, there's a safety net: you can get one for 30 yuan.
The reason why people believe that they can get a wallet worth over 200 yuan for 30 yuan is because everyone mistakenly thinks that Jiangcheng is representing the mall to carry out a promotional activity!
As Jiang Cheng pondered these thoughts, an idea popped into his head: "This is ultimately a small-scale operation; it won't grow much bigger. If I had a large stock of these goods, things would be much easier."