The world begins with Hong Kong movies

Chapter 324 The Right Way to Make Money!
"Excellent, excellent! I didn't expect the multi-room screening room to be so profitable!"

Li Xin finished reading the summary document in his hand, and a satisfied expression appeared on his face.

Inwardly, however, he was quite surprised.

It is said that public housing estates are poor areas where you can't make much money.

While Hong Kong Island's economy has indeed taken off, residents of public housing estates have experienced one of the slowest income growth rates on the entire island.

They're only slightly better off than the cage dwellers living in pigeonholes in Sham Shui Po.

The public housing estate that appears most frequently in the film is Tsz Wan Shan.

Liang Qian and Boss B both came from Tsz Wan Shan.

Once they made a name for themselves, they immediately left Tsz Wan Shan, because it was just too poor there.

The situation in other public housing estates is probably only slightly better than that in Tsz Wan Shan, but the improvement is still limited.

However, what Li Xin did not expect was that the experiment ordered by the big boss Wu Feng would completely overturn his previous understanding of public housing estates.

A multi-room screening room in a public housing estate generates over HK$100,000 in revenue and over HK$70,000 in profit per month.

What is this concept?
The initial costs can be recovered in two or three months.

This income level is not even less than the fees paid to gangs by some saunas and massage parlors in Shanghai.

Crucially, such investments carry minimal risk, require virtually no fighting, and can even provide legitimate jobs for some members of the organization.

A multi-room screening room can easily accommodate five or six community members, or their families, and may even accommodate more.

A public housing estate can support at least ten or so such multi-room screening rooms, and possibly more.

Do you really think that the poor at the bottom of society don't need entertainment?

In fact, they need it more than ordinary people!
How many public housing estates are there in Kowloon Peninsula?
Just thinking about it made Li Xin feel excited.

Multi-room screening rooms are definitely a sure-fire way to make money.

Because of its location in a public housing estate, there is little overlap between its customers and those of video arcades, so the competition is not very fierce.

At least in the short term, there's no need to worry about such conflicts of interest.

That's all Li Xin could think of.

In fact, that was enough for him.

"The leader is wise; that's why we have such a good result!"

Ah Hu sincerely complimented, "Although I knew that multi-room screening rooms could make money, I never imagined they could make this much!"

"I was shocked when I received the end-of-month summary!"

Although there was an element of deliberate flattery in his words, there was also a considerable degree of sincerity in them; he was genuinely astonished by the data compiled at the end of the month.

Li Xin smiled faintly and accepted all the compliments without any hesitation.

"I'm entrusting the development of a multi-room screening room in that public housing estate to you!"

After a brief moment of hesitation, he said directly, "Do your job well, and if you perform well, I'll personally promote you to a higher position!"

What he learned best from the mentor Wu Feng was the importance of clear rewards and punishments.

Reward those who have made contributions and punish those who have made mistakes; there's nothing more to say!

With Wu Feng's strong support behind him and his own legitimate business to back him up, he, as the head of the Sai Kung branch of Hung Hing, was able to control the branch more easily and would not be tempted by the gang's business in his territory.

And so it was; the brothers in the church were quite obedient to him, at least they didn't have many doubts about his management skills or personal character.

Even those unruly individuals did not accuse him of unfair rewards and punishments.

Fairness breeds clarity, integrity breeds authority; this principle applies not only to officialdom but also to any management position.

"Don't worry, sir, I will definitely do my job well and won't let you down!"

Ah Hu's face immediately lit up with joy, and he quickly expressed his opinion.

He was a veteran member of the triad, and once he was officially employed in the organization, his status and position changed dramatically.

If you're lucky enough, you might even become the head of a certain branch of the gang—that would be a meteoric rise.

Just like Li Xin, the gang leader in front of him, he's only just over twenty-five, much younger than him, a veteran of the gang.

Because he followed the right big shot and gained his appreciation, he rose from a lowly rank to become a gang leader in just a few years.

Which Hung Hing underling wouldn't envy and yearn for such a life opportunity?

"We can't let the club down!"

"Yes, yes, we definitely won't let the club down!"

It's not that Li Xin is just going through the motions, but rather that establishing a formal position within the organization is indeed quite important.

Once a member of a gang successfully becomes a member, he must have territory and venues under his control; otherwise, becoming a member is a joke.

Originally, the solid power given to the 49th branch of the organization was always held by the main branch, which was one of the important means for the main branch to check and balance the branch branches.

Later, Chiang Tin-sang, who was still the leader of Hung Hing, delegated the power of the Four Nine Triads to the branch leaders.

This gave the leaders of various gangs the opportunity to cultivate their own loyal followers.

However, at the same time, the leaders of each hall must also be responsible for the brothers who have taken up their posts.

When something goes wrong, the headquarters won't step in to clean up the mess.

At the same time, they also need to distribute enough territory and benefits.

If the confidants cultivated by the various hall masters are ungrateful wretches, then they can only blame themselves for their poor judgment.

Wu Feng quickly received Li Xin's report. "Boss, this is a pretty good business!"

"If we act quickly enough, we can seize the opportunity and open multiple screening rooms in all the public housing estates in Kowloon!"

"Back then, not to mention the benefits, the number of jobs alone could be created for thousands of people!"

Li Xin became more and more excited as he spoke, completely lacking the composure and domineering aura he displayed in Tuodi.

"How much of this low-barrier-to-entry business do you think the branches can take in, and how much of it can the entire Hung Hing Group capture?"

Wu Feng asked with a smile, "Putting aside other companies, do you think Guan Zisen and Long Gen, who are on a winning streak, will immediately follow suit?"

"This one……"

Li Xin was speechless for a moment, Wu Feng's question went straight to the point.

In fact, multi-room screening rooms are just like video arcades; the barrier to entry is extremely low, even lower than that of video arcades.

At least, the rent for a typical video rental shop is much higher than that for public housing, or rather, there is no comparison at all.

Once other clubs realize there are benefits, they will definitely follow suit in droves.

When the time comes, there might be another bloody conflict over profits.

As for Long Gen and Guan Zai Sen, who are on a winning streak, given his understanding of them, he will definitely follow up actively and has probably already started preparations.

"Boss, what are your thoughts?"

After thinking it over and over, Li Xin couldn't come up with a solution, so he could only ask for help.

"Let's first inform the headquarters, and it would be best to hold a headquarters meeting to discuss this matter!"

Wu Feng smiled and said, "Then, in the name of Hung Hing, we will invite the other top-tier triads to discuss the distribution of profits!"

"As long as the top-tier communities reach an agreement, the public housing estates in Kowloon and on the main island will not be able to escape!"

"Boss, I'm afraid things won't be easy to handle with Tung Sing!"

Li Xin pondered for a moment and said helplessly, "Dongxing doesn't have much territory!"

"Then let them set up rural film screening rooms!"

Wu Feng said dismissively, "Back then, Qiu Sheng of the Far East Group made his fortune by running theaters in the countryside. They can imitate that!"

At this point, he chuckled and said, "Speaking of which, setting up a rural theater probably costs more than a multi-room screening room, right?"

"Their hideout is in Yuen Long, which is perfect!"

After giving his advice, he waved for Li Xin to get back to work.

In fact, there are so many opportunities to explore these ideas, but there's no need to bring them all up at once.

He also needs to slowly verify his ideas and see if they are possible to be realized.

In addition, with the large-scale sales of discs, the factories under his control needed a large number of art professionals.

He never expected that the CD-ROM and cassette audiobooks he created, which imitated the later smart audiobook mode, would be so popular.

In particular, a suggestion from a mainland employee to produce a large number of English audiobook CDs attracted Wu Feng's great attention.

Isn't this thing pretty much the same as the later English cassette tapes?
He knew all too well just how terrifying the demand for such learning tools was in mainland China; just look at the mainland's educational supplement market and you'd understand.

Wu Feng naturally intended to enter the mainland market through the CD-ROM audiobook model.

He certainly wouldn't skimp on this; it would require a large number of art and English professionals to work together.

Such a demand for talent, provided the cost is not high, can only be met by the mainland.

Therefore, Wu Feng planned to personally travel to the mainland to resolve this matter and also to inspect the production of DVD players.

Of course, the most important thing is to see how well the alliance of DVD player manufacturers we chose has performed.

After all, what's on paper isn't real enough!
It's always better to see things for yourself.

In addition, he also wanted to talk to people in mainland China to see if he could get involved in business there.

This year is destined to be an eventful one!
But at the same time, it is also the environment that ambitious people most want to see.

Wu Feng naturally had ambitions. It was rare to encounter such a world situation, and it would be a waste of the resources he controlled if he didn't get involved.

On the other side, Li Xin also acted quickly.

It must be said that his execution ability is quite formidable.

After receiving Wu Feng's advice, he immediately called Han Bin, the current leader of Hung Hing, to explain the situation.

Upon hearing this, Han Bin immediately took steps to support the initiative.

He was not on Hong Kong Island at the time, so he made a phone call to the other Hung Hing leaders to explain the situation, and then instructed his strategist, Chan Yiu, to preside over the main meeting.

The other leaders of Hung Hing were quite interested in this lucrative opportunity.

When Li Xin arrived at the main hall, almost all the other hall masters were already there, and none of them were missing.

"...That's how it is, and it's beneficial for everyone!"

Li Xin said directly, "It's a perfect opportunity to coincide with the sale of DVD players, killing two birds with one stone. Don't miss out!"

"Handsome guy, what should we do if there are no public housing estates in Causeway Bay?"

Big Brother B expressed his dilemma: "We can't just go and steal from other places; we simply don't have enough manpower!"

"Isn't Brother B from Tsz Wan Shan? The public housing estates there are quite large, enough for Brother B to do whatever he wants!"

(End of this chapter)