The Rebirth of a Genius
Chapter 41 – Set the rules

Feng Yu looked at Wu Zhigang, who was holding a stack of forms. Wu Zhigang immediately gave the form to everyone and let them fill out the form.

They see the form. Company name, business nature, liaison, contact details, etc. They all understood the reason for asking this information. But lastly, "the acceptable wholesale price of an electric fan". What the fuck?

They looked around and didn't know what to write. What if they charge a high price, and this crazy boss uses the highest price as the wholesale price. The one who charges the highest price will be everyone's enemy.

If they charge low prices it is also not good. They could imagine what this Manager Feng would say: “You filled the lowest price. No sincerity at all! Out!"

One of the businessmen suddenly realized that Manager Feng was not paying attention to them. They started whispering amongst themselves to determine the wholesale price. This way, everyone will charge the same price.

Everyone whispered and discussed for a long time. Finally, they decided on wholesale prices for the two fan models, which were 40 RMB and 48 RMB respectively. They also keep an eye on each other and do not allow anyone to submit forms in advance. They will submit the form together at the same time.

Feng Yu only saw one form and nodded. "good. You are all sincere about this business. Each unit costs 40 RMB and 48 RMB. While we will hardly profit from this pricing, we are willing to accept it. We will treat this price as a promotional price. Wholesale price will be set at this price. Does anyone disagree? "

Everyone was silent and Feng Yu was satisfied. See, expelling someone will act as a warning to someone else.

"How many units are you all going to buy?" Ask Feng Yu.

"1000!" One of them shouted loudly.

The others saw that Feng Yu did not send the person away, and they all shouted as well. There are 800, about 1500, up to 5,000 units.

The one who chanted 5,000 units was a fat man and looked like an unscrupulous businessman. He crossed his arms, with his head held high, looking at the others. He is from the southern province. The southern provinces were hotter and were definitely a larger market compared to the north.

Wu Zhigang, who had consolidated the forms, submitted the summarized report to Feng Yu.

There are four overlapping provinces and more than 10 empty provinces.

"Good . Now I will tell you all the rules of our company. "Said Feng Yu.

"Good . Now I will tell you all the rules of our company. "Said Feng Yu.

Hearing what Feng Yu said, these businessmen thought in their hearts, “I know you still have 'rules'. ”

“Everyone can see how our company's Wind and Rain fans fared from the sale in Bing City, the northernmost province in China. You are all here because you all know that these fans can sell and will sell well. Summer in other provinces is hotter than Longjiang province, so you all know what to expect from our fan sales. In fact, we want to build our own sales channels in other provinces. Since all of you are coming, I will give you all a chance. According to our company plan, there will only be one dealer for each province. Now, the ones I read the names will go to the left side of the room, and the ones I don't call, will go to the right side of the room. "Said Feng Yu.

Wu Zhigang called out the names of businessmen whose provinces overlapped. They looked at each other and walked reluctantly to the left side of the room. The rest breathed a sigh of relief. It seemed that they had no competitors in their province.

“It's just the first rule. Now, rule two. Each province will have only one distributor and the minimum order for fans should not be less than 5,000 units. This standard is set by the fat there. If anyone can't order so many units, you can go now! "Said Feng Yu.

Who wants to stop? Wind and Rain fans are inexpensive and of good quality. Moreover, it is now summer and this is the best time to sell electric fans. There should be no problem to sell 5,000 units in a province.

If they don't have enough money, they can borrow. Even if they can't borrow, they can find others to work with. In short, they could not let go of this rare opportunity! If they stopped at this moment, then based on Manager Feng's temperament, they would be blacklisted!

"You all agree to that? Very good . Then I tell you all the third rule: Pay first, then get between items. "Said Feng Yu.

This rule is somewhat unacceptable. Most business deals are to pay a down payment or deposit first and the rest after the goods go on sale. But these businessmen knew that those who disagreed would be thrown out of the room.

“Fourth rule: The retail price in your province should not be higher than 15% of the retail price of Bing City. Also, you cannot sell goods to other provinces. If I find out, then it will be considered a breach of contract and the indemnity is 500,000 RMB! ”Feng Yu continued.

Not being able to enter the market of others makes some of these entrepreneurs a little uncomfortable. They think: “Forget it. I can stick to my province and even if I sell to other provinces, as long as I am not caught by the Tai Hua Trading Company. ”

“Fifth rule: Cannot damage the brand image of Wind and Rain and Tai Hua Trading Company. If there are imitations or fakes in your market, you must first stop it or notify our company. "Said Feng Yu.

After Wind and Rain fans were introduced to the southern market, unscrupulous southern businessmen would soon launch imitations. Simply put, there is no technical content for electric fans. Based on the number of electric fan factories in China, anyone factory can produce imitation at any time.

But when the imitation appeared, the Wind and Rain fan would no longer guarantee Feng Yu a high profit. Feng Yu produced an average of 19 RMB per unit. The profit for 100,000 units is 1.9 million RMB! Feng Yu's initial capital was only slightly over 300,000 RMB.

Unfortunately, Feng Yu's preparations were already too late. If he had a lot of money two months ago, he would have ordered the production of over 500,000 units and set up his own sales channel. In this way, imitations would have no way of entering the market. Another thing that frustrated Feng Yu was that he was unable to file a patent for his fans. Even he could file a patent, it would also take at least six months. Six months later, it will be winter. Who will buy their fans?

Unfortunately, Feng Yu's preparations were already too late. If he had a lot of money two months ago, he would have ordered the production of over 500,000 units and set up his own sales channel. In this way, imitations would have no way of entering the market. Another thing that frustrated Feng Yu was that he was unable to file a patent for his fans. Even he could file a patent, it would also take at least six months. Six months later, it will be winter. Who will buy their fans?

This electric enthusiast is also considered a one-time business. Feng Yu can do it this year but this business cannot be done again next year. Feng Yu knew that next year, these businessmen would get their items from elsewhere or start their own production. But, this summer was enough for Feng Yu to become a millionaire!

Actually, Feng Yu wanted to set 108 rules, but he was afraid that these businessmen would run away.

After all, these five rules were enough. If this businessman follows the rules, then he can still do this electric fan business next year.

The four businessmen from the repeating provinces were also discussing amongst themselves. They all don't want to stop. So they decided to share the market.

Of course, Feng Yu would not reject them. Most of these entrepreneurs do not have sufficient funds for a minimum order of 5,000 units. They still need to borrow money or find someone to work with.

But Feng Yu had a pleasant surprise. The four provinces want more than 5,000 units. They have divided the province themselves and they can estimate how many fans can be sold in their own area.

When the fat-rich heard that they could order over 5,000 units, he thought: "Since we can order more units, then can we become traders for two or more provinces?"