Future Stamps and Coins Diary

Chapter 34 I'm not optimistic at all

One thousand sets of each?

The current transaction price of stamps and coins in the market is around 4,000 for Kang Yin Ge and close to 2,000 for Chang Cheng. In other words, we need to import about 6 million in goods?
I don’t know whether Xu Huiying can come up with her share, but Lu Feng knows that he is really out of ammunition and food.

The little operating capital that is left is only enough to buy some scraps, or occasionally buy some 8050 four-piece sets when seeing a bargain.

And even if Lu Feng could take it out, doing so would still be risky.

If the six million cannot be sold, the loss will be at least five hundred thousand based on the difference in purchase price.

But what if it can be sold? With a 30% profit, that would be close to two million!
"How long do you think it will take to sell a thousand units?" Lu Feng controlled his emotions and tried his best to look calm.

"Well, give us two weeks, it shouldn't be a problem." Liu Sangen gave a time.

Lu Feng was a little bit unconvinced!
Something that could cost tens of millions, sold out in two weeks? Sales of six or seven hundred thousand a day? One showroom?
Lu Feng took a deep breath and said, "To be honest with you two, if it cannot be sold, it will seriously affect the cash flow of the store, and the risk is extremely high. To do this, I must convince Sister Xu... Of course, if you two can sign an agreement..."

What Lu Feng originally meant by saying this was to ask them to lower their goals so that everyone could reduce some risks.

Who knew that Liu Sangen would laugh as soon as he finished speaking: "Why not? Well, if we can't sell out within two weeks, A'e and I will take care of the rest!"

Lu Feng was really numb!
All-inclusive? Buying something worth millions just like that? If Sister Xu hadn't given them a brief introduction and made it clear that they were not just ordinary landlady or landlord, Lu Feng would have almost thought he was a scammer.

"Okay! Then I wish us a smooth cooperation. Let's come here again in two weeks to celebrate!" This time, Lu Feng agreed without hesitation.

After a quick meal, Lu Feng took a taxi to the Pearl River Hotel.

Xu Huiying was a little surprised by Lu Feng's arrival, until he told her the purpose of his visit, Xu Huiying was completely stunned!

"Boss Lu, this is too risky!" Xu Huiying panted and said worriedly, "Did you forget that you told them yesterday that if they don't want it within two months, we will buy it back at the original price unconditionally?"

"I remember!" Lu Feng nodded.

"How dare you?" Xu Huiying thought that Lu Feng must have been carried away. "Have you ever thought about it? Even if they can really sell so much, where can we find so much money to replenish the stock? Six million! The cash that the store can take out now is probably only eighty to one hundred."

"Eighty are enough!" Lu Feng said firmly.

"How can it be enough? Eighty can only buy more than a hundred sets." Xu Huiying couldn't figure it out.

"Fifteen days is not enough, and we need to prepare so much goods in one day. In fact, if six million is divided into two weeks, less than 500,000 goods per day will be enough. We prepare about 600,000, which should be enough." Lu Feng stated his solution.

Xu Huiying nodded: "If it's just about money, then that's right. But we have to buy ready-made goods to sell. If we can't restock them immediately after selling them every day, there will be no hope."

"It's okay! This is not a difficult task. I have a way!" Lu Feng said with a smile. He already had a plan in mind.

Xu Huiying frowned, not understanding how to do it.

"Anyway, what you mean is that we must do this deal?" Xu Huiying said in a deep voice.

Lu Feng nodded vigorously: "If we don't take this risk, where will the expenses for our eight stores come from by the end of the year? Where will the profits come from? If we can't even pay out bonuses for the New Year, will these colleagues continue to stay here next year?" Lu Feng looked at seven or eight of his peers who were busy selling zodiac commemorative coins in the store.

Most of these people, probably, are just like me before, waiting for a meager salary every month to maintain a not-so-decent life.

If they see no hope, leaving is their only way out.

Lu Feng felt that as one of the bosses, the least he could do was to let them see hope and then let them stay and grow together.

"To be honest, I'm not optimistic at all, but I know my biggest problem has always been being too conservative. As you said, if we don't take this risk, we may have to close down in the end."

"I will go crazy with you this time. The rest of the reserve fund will be handed over to you. You are fully responsible for this matter and don't need to listen to my opinion anymore. This exhibition hall is handed over to you. Life or death, I will wait for your news in fourteen days. I will accept any result!" There was a sense of decision in Xu Huiying's voice.

She was very honest and said clearly that she was not optimistic, but she also knew that there was nothing she could do now.

But she was willing to take the risk!
This is enough for Lu Feng!
"Thank you Sister Xu for your trust. I will try my best not to let you down!" Lu Feng said seriously.

After taking the official seal and business license that Xu Huiying found, Lu Feng brought them back to the stall.

It is not difficult to draft a sales contract. There are many templates that can be obtained with slight modifications.

Lu Feng added an additional clause in it. It was not to let the two bear the final risk, but to change it to that if the sales volume did not reach more than 500,000 on any day, then the contract would be terminated in time.

Only such mutually beneficial business can lead to pleasant cooperation.

After completing the contract, Lu Feng took out the statistical table he had prepared earlier and found the three largest merchants.

After dividing the six million worth of goods into three equal shares and supplying them on a daily basis, and taking unexpected circumstances into consideration, Lu Feng came to the conclusion that there would be two varieties, with each of the three companies supplying an average of 25 sets of one variety.

Seventy-five sets a day, leaving a little margin just in case.

Lu Feng started calling them.

"Yes, I'm in the gift business. Next, I need a supply of goods for half a month. I saw your post online, and the quantity of Great Wall and Kang Yin Ge is not bad, so I want to cooperate with you."

"I will prepay the next day's goods in advance every day. Can you guarantee that you will provide me with stable and punctual goods at this price within half a month?"

After hearing Lu Feng's conditions, especially the full payment in advance, no merchant could refuse.

"If I fail to make the payment for two consecutive days, our cooperation will be terminated." Lu Feng still left himself a way out.

These three companies have sufficient supply, and Lu Feng did not worry about the price, giving them enough space.

So, when Lu Feng stated the conditions, the three families were very willing to talk.

After finalizing the matter, Lu Feng transferred the money without hesitation and agreed to have someone take it to the exhibition hall of Zhujiang Hotel before tomorrow afternoon.

(In the stamp and coin market, or on Yichen.com, it is common to make advance payments to merchants with many transaction records. They usually use their own reputation as a guarantee, and those who can make it big are all well-known figures in the major markets.)
(End of this chapter)