Reborn in 08, a heretical cultivator starting a business

Chapter 175 Business Myth, Future Startup Fund!
"A regular hair dryer has 800-1600 watts, and you can secretly use it in the dorm. The Little Duck twin-tub washing machine only has 300 watts, so it'll definitely be fine."

"Two or three laptops together would amount to 300 watts. It's a low-power appliance, so it's perfectly acceptable to buy one."

"Winter is too cold, and hot water is expensive. It's better to pool our money to buy a washing machine. A hundred yuan or so per person is no problem."

"Sigh, next summer, we'll have washing machines hand-me-downs from the upperclassmen!"

"What the hell are you thinking?"

"It's a great deal for freshmen and sophomores. They can buy one and not have to wash clothes by hand for years! But what about us juniors and seniors?"

"That's easy. He'll stay in Binhai City after graduation, so we'll contribute more. Then the washing machine will be his, and he'll need it to rent a place."

"Good idea, let's do it this way. It's agreed that no washing of underwear or socks."

……

The leaders on stage had no idea that the students below were actually planning to buy washing machines.

Even Wang Junshan didn't expect it could be done this way.

Dormitories restrict high-power electrical appliances, generally those above 500 watts or 600 watts.

Many people think that washing machines have a lot of power, but in reality, a twin-tub washing machine only has about 300 watts.

High-end drum dryers with drying functions typically have 1000-2000 watts.

What does 300 watts mean?
Three regular laptops and two gaming laptops.

Low-power hair dryers typically have a power rating of 500-800 watts, while household models range from 800-1600 watts.

A 300-watt washing machine is more than enough for the dormitory.

If four or six people in the dormitory pool their money, each contributing a little over a hundred yuan, and it lasts for several years, it becomes even easier.

Suddenly, all the dormitory groups were buzzing with excitement, with everyone discussing buying the little duck for 699 yuan.

Especially in winter, it's cold in the north, and washing clothes by hand really makes your hands freeze.

If you use hot water, you have to pay for a water dispenser, which is very expensive.

"Chairman Wang, the Little Duck washing machine is 20% off at 699 yuan. It's so cheap, won't you lose money?" Gu Ruoyan couldn't help but ask.

Wang Junshan laughed and said, "If it were offline distributors shipping the goods, we would definitely lose money. But with Vipshop, the orders are shipped directly from the manufacturers, eliminating middlemen and their markups, so we won't lose money."

"Offline, the Little Duck twin-tub 6kg washing machine is priced at 868 yuan. Even with a discount in the store, it's still over 800 yuan. But Vipshop offers it at 20% off for 699 yuan, simply because there are no middlemen taking a cut!"

"This is the charm of e-commerce, and it is also my original intention for creating YouTuan.com."

"I see, no wonder."

"That's true. If it's offline, the distributors will take a cut of 100, and the retailers will take a cut of 100 as well. No wonder it's expensive."

Gu Ruoyan suddenly realized: "Chairman Wang, do you have a fully automatic top-loading washing machine? I want to buy one for my family and use my scholarship money!"

"Yes, along with the 7kg fully automatic top-loading washing machine, the 10kg fully automatic front-loading washing machine, and the 20kg commercial front-loading washing machine were also launched."

"All products are available on Vipshop and are participating in brand promotions, with a 20% discount. Prices are 40-50% cheaper than other brands. Welcome to shop!"

"Alright, the advertising is over, it's time to pay some advertising fees."

"Huh?" Gu Ruoyan also came to her senses and realized that this was still an awards ceremony.

"Hahaha." Everyone in the room laughed; they'd all been led astray by Wang Junshan!
Even the leaders in the front row couldn't help but chuckle.

I wanted to hear Wang Junshan share his entrepreneurial experience, but instead, he subtly started advertising!

Wang Junshan then changed the subject: "Future Technology has invested 1 million yuan to establish the Future Technology Entrepreneurship Fund, which is aimed at college students and graduates and is specifically designed to incubate high-quality entrepreneurial projects."

"In the future, if you have any good projects, you can pay attention to the Future Technology Startup Fund and contact Future Technology."

"After evaluation, promising projects will receive a range of resources from Future Technology, including funding, technology, and facilities!"

"Thank you, Chairman Wang!"

"Chairman Wang is awesome!" Everyone present was excited.

The biggest worries when starting a business are having no money, no connections, and no investors!
Now that the Future Technology Entrepreneurship Fund has been established, you can contact us if you have any good projects.

As long as the project has potential and Chairman Wang invests, funding and technology are not problems.

Through this model, Wang Junshan can invest in and incubate good projects as soon as possible.

Similar to Kai-Fu Lee's Innovation Works.

In the early 2000s, there were still many high-quality projects, and Wang Junshan wouldn't remember them all.

Now that the Future Entrepreneurship Fund has been established, many seed projects may come knocking on our door seeking cooperation.

For example, one day, four Jiaotong University students who love games approached the Future Startup Fund, seeking a million-dollar investment for a 20% stake.

Amidst thunderous applause, Wang Junshan stepped down from the stage.

Thus, the Binzhou University Student Entrepreneurship Competition in anticipation of the Olympics came to a close.

Numerous media outlets swarmed around Wang Junshan, launching a series of interviews.

They were finally able to leave the scene under the protection of security guards.

The students were even more excited after the event ended.

They all returned to their dormitories and began a dormitory meeting.

A freshman dormitory:

"Want to get one? 699 for a Little Duck twin-tub washing machine."

"116.5 yuan per person, four years without having to wash clothes by hand, this is a must!"

"Agreed! At worst, we can just skip a couple of meals out, and we'll have it."

"That's right, let's pool our money. Everyone just needs to give me 116, and I'll give you 699 diamonds back, which will offset the difference."

"6! Place your order now!"

A dormitory for third-year students.

"It's a pity, we only have a year and a half left before graduation, it's not worth buying it."

"What's there to regret? I don't want to hand wash clothes anymore, so I'll just buy a machine."

“Go ahead and buy it. I’ll stay in Binhai City to work after graduation. Here’s the deal: I’ll pay 249, and the five of you can each pay 90. I’ll move out after graduation.”

"That's great."

"No problem, but you're not allowed to wash your underwear or socks."

"I agree. Hand washing is not only time-consuming and makes your hands cold, but it also doesn't dry properly. We have to buy one!"

……

Similar scenes were playing out in various dormitories at Binzhou University.

It would be difficult for a single person to buy a washing machine that costs 699.

But most of the dorms at Binzhou University are six-person or four-person rooms. If we pool our money to buy one machine, it would be easy if each person contributed a little over 100 yuan.

There are two four-person dorm rooms available. If we buy one together, it will only cost 87 per person!

That's even simpler.

For that amount of money, you could have several years of clothes that you don't have to wash by hand; not many people would refuse.

Even those with difficult circumstances don't resist; they can earn money by working part-time on YouTuan group buying for two days on the weekend.

As YouTuan Group Buying grows larger, it offers more and more part-time opportunities.

This is true for all schools.

Those from well-off families, with monthly living expenses of one or two thousand yuan, don't care about these things.

But those with less than a thousand yuan a month for living expenses basically work part-time on weekends when they don't have classes.

They offer door-to-door delivery to schools and sorting and packing at the central warehouse. As a result, right after the awards ceremony, the Little Duck twin-tub washing machine sold out on Vipshop's platform!
The order address is the same for all of them, all at Binzhou University!

Even Chu Qiang, the head of the operations department, was dumbfounded.

He immediately reported this to Tang Zhi.

"What? More than fifty students from Binzhou University have ordered Little Duck twin-tub washing machines?"

Tang Zhi was a little confused and quickly looked at the backend data:
"It's already over a hundred orders! And it's still increasing rapidly, what's going on?"

Chu Qiang shook his head, equally confused: "At eight o'clock in the morning, the Little Duck washing machine went on Vipshop's limited-time 8% off promotion channel, priced at only 699 yuan. More than 300 units were sold in just one hour. Half of the deliveries were within the province, and the other half were scattered across the country. They were all normal orders."

"Just now, within ten minutes, more than 100 new orders suddenly appeared, all with the delivery address at Binzhou University, and the number is still increasing rapidly. Look, it's over 150 units now, all at Binzhou University!"

"The delivery addresses are all dormitories, both male and female, down to the dormitory number!"

"Binzhou University... Could it be a big investment by the boss? Buying washing machines for the dormitories?"

Tang Zhi's expression was somewhat complicated: "But are washing machines allowed in the school dormitories?"

"300 watts is considered a low-power appliance, so theoretically it shouldn't be a problem, but something just doesn't feel right!"

"Yeah, I also felt something was off. But since it's not prohibited, it's okay. How about we ship it out first?"

Chu Qiang laughed and said, "I just checked. All the dormitories at Binzhou University have private bathrooms and limit high-power appliances to 500 watts or more! My Little Duck double tub is 300 watts, which is within the limit!"

“The student places an order, we ship it, and the transaction is completed upon delivery. By then, even if the school doesn't allow it, it will be too late, unless the school recalls all of them, in which case it has nothing to do with us.”

"However, it's highly unlikely that the school will take them back. After all, with so many orders, taking them all back would be a significant amount of money."

"???" Tang Zhi was completely bewildered, looking Chu Qiang up and down: "Isn't it a waste of your talent to put you in charge of the operations department? You should be in charge of the marketing department."

"Ahem, I was just saying it offhand," Chu Qiang said with a smile.

Unexpectedly, Tang Zhi nodded:

“However, you make a good point. In this case, we won’t use RRS Logistics for this batch of orders. We have a batch of Little Duck washing machines in stock at the Binhai Central Warehouse. We’ll just distribute these orders to Future Logistics’ Binhai Station, load them from the Binhai Central Warehouse, and deliver them to Binhai University!”

With the continuous growth of Future Technology's e-commerce business, ten international warehouses are gradually being built, and Future Technology's self-operated logistics is also being promoted, although it currently covers very few cities.

It is mainly concentrated in the cities where the eight central warehouses are located, and is gradually upgraded and expanded into future logistics based on the original YouTuan campus group buying logistics system.

Chu Qiang strongly agreed: "That's a good idea, and we can deliver them today. We've already got almost two hundred units. Each four-ton truck can carry eighty units, so we can fill several trucks."

"If we use Ririshun, it would cost 30 yuan per unit for a distance of more than ten kilometers within the same city, so 200 units would cost 6000 yuan."

"We'll handle our own logistics and delivery in the future, so the fuel costs won't be much. We'll also hire a few loaders to carry the goods upstairs. It'll cost 50 yuan per person for half a day, and even with 200 units, it won't cost more than 600 yuan!"

"Moreover, twin-tub washing machines don't need to be installed. Just insert one end of the water inlet pipe into the water inlet and the other end into the faucet."

"Okay, let's do it that way." Tang Zhi was very satisfied: "You're quite good at operations too!"

"It's my duty," Chu Qiang said with a smile, and quickly made the arrangements.

Upon receiving an order, the Future Logistics Binhai Station immediately dispatches vehicles, prints shipping documents, and dispatches the goods...

Soon, news reports began to emerge one after another.

In particular, reporters from the four major portal websites would write simple news articles in their cars, send them back to headquarters, and publish them directly.

Wang Junshan, a sophomore at Binzhou University with a net worth of billions, won the championship in Binzhou University's Olympic Games Entrepreneurship Competition!

[Chairman of Future Technology, founder of WeChat and YouTuan.com: A college student's business legend!]

[The Responsibility of a Young Entrepreneur! Wang Junshan Acquires the Nearly Bankrupt Little Duck Appliances, Completes Debt Restructuring in Half a Month, and Fully Revitalizes Little Duck Washing Machines!]

[Little Duck, the washing machine giant dragged down by capital, has been reborn under Wang Junshan's leadership!]

Vipshop launches a limited-time 20% off Little Duck washing machines, only 699 RMB – the perfect first washing machine for young people!

Wang Junshan has invested 1 million yuan to establish the Future Entrepreneurship Fund, specifically to incubate university student entrepreneurial projects!

……

These news reports instantly caused a huge uproar:
"Wow, the chairman of Future Technology and the founder of WeChat is only a sophomore in college. That's amazing."

"19 years old, a billionaire, a business legend! The key is that he also has a sense of responsibility, helping to revitalize Little Duck washing machines."

"They are so responsible. I bought a Little Duck washing machine when I got married, and it's still in use after more than ten years."

"Little Duckling, Little Duckling, you're great, really good. It's just that you encountered some capitalist rogues and got emptied out. Luckily, Chairman Wang took over, otherwise you might have gone bankrupt."

"Young, talented, wealthy, and responsible, there aren't many entrepreneurs like this anymore. We must support one and order a Little Duck washing machine."

"I'm also placing an order. The twin-cylinder model is 699 yuan. You won't lose out or be cheated."

"We have a washing machine at home, but we bought one for our parents back in our hometown. They were reluctant to buy one because it's too cold to wash clothes in winter!"

"That's right. I'll also order one for my elderly relative. The dual-cylinder design is simple and easy to use, and it's not difficult for them to learn."

"Vipshop is offering 20% ​​off all Little Duck washing machines, making them almost half the price of other brands. I ordered a fully automatic top-loading washing machine for only 999 yuan."

"999? A fully automatic pulsator? Are you kidding me! Haier's twin-cylinder engines are 1100, and a fully automatic pulsator is at least 2000!"

"I'm not kidding. I downloaded WeChat, went to Vipshop, and already placed an order."

“的确，6公斤双缸699，7公斤全自动波轮999，10公斤的滚筒也只要2999！”

"What? A 2999 yuan drum washing machine? Are you kidding me? I saw a Haier drum washing machine at the mall for 4999 yuan!"

"A roller for 2999? That's so cheap, I'll go check it out."

……

In an instant, everyone was tempted and opened Vipshop.

Even those who hadn't used it before downloaded and registered WeChat and opened Vipshop.

He was immediately terrified.

In 2008, the market share of twin-tub semi-automatic washing machines was approximately 40%!

Fully automatic top-loading washing machines account for 50% of the market share.

Front-loading washing machines only account for 10%!

Of course, it's not that the rollers are bad or that nobody uses them; they're just too expensive, and nobody can afford them!

Currently, Haier's basic 6kg twin-cylinder semi-automatic electric scooter starts at 1100-1200 yuan.

The Little Duck 6kg basic model is priced at 800-868 RMB at retail stores, but is on sale for 699 RMB on Vipshop, which is almost half the price.

The basic model of Haier's 7kg fully automatic top-loading washing machine costs around 800 yuan, has a factory price of 1200 yuan, and sells for 1600 yuan at the retail level.

The cost of Little Duck's 7kg fully automatic top-loading washing machine is around 650, which can be reduced to 600 with high production volume. The ex-factory price is 800-850, and the retail price is 1200-1250. Vipshop is having a 20% off promotion, making it 999!

海尔10KG滚筒洗衣机基础款成本2000，出厂价3000，终端卖4200-4500。

而小鸭的10KG滚筒洗衣机基础款成本1800，出厂价2500，终端卖3500-3700，唯品会8折大促只要2999！

There is no harm without comparison.

For similar products, Little Duck's retail price is already 20% cheaper than Haier's.

Vipshop is currently having a 20% off sale, offering discounts of 35%-45%!

Consumers have gone crazy!
The price difference might not have a significant impact offline, as customers who like Haier will still head straight to Haier specialty stores and counters.

But online, with such a huge price difference, it's hard not to be tempted!

Price is the best way to show sincerity!

In an instant, all the consumers were excited and placed orders one after another!

For households without a washing machine, either a twin-tub model or a fully automatic top-loading model is recommended.

For those who have a washing machine at home, I'd like to get a twin-tub one for my parents as a way to show my filial piety!

(End of this chapter)