Hong Kong variety show: The tycoon who emerged from Portland Street
Chapter 28 The Counterfeit Goods Business
Jiang Tiansheng sat for a short while, and seeing that he seemed a little uncomfortable among the others, he made an excuse to leave.
Handsome Kun and Brother Kei were out quite late.
Handsome Kun deliberately came to get closer to the group, while Brother Kei was just looking to have fun.
Thirteen Sister and the Han brothers stayed behind because Chen Mo had given them advance notice.
After the event ended, the group saw off Liang Kun and Ji Ge, and then went to Chen Mo's new office on the third floor.
"Wow, Ah Mo, your new office is really nice!" Thirteen Sister exclaimed exaggeratedly.
Although Chen Mo's new office has a similar layout to his old one, it is much larger.
This office alone is over 700 square feet in size, which would be considered a luxury home on Hong Kong Island.
The lounge behind the office was about the same size, and Chen Mo even put a safe inside.
After all, his storage space is limited, so he can't put everything in it.
"It's so-so. If you want a room, Sister Mei, just have Brother Bin pay for it and decorate it for you," Chen Mo joked.
"Fuck you! How dare you joke with your boss. Tell me, what kind of business do you want to discuss with us?"
"Sister, don't rush, everyone sit down and have some tea first."
Chen Mo led the group to sit on the sofa and brewed a pot of tea for everyone.
The group had all drunk quite a bit of alcohol, so now they could have some tea to cool off.
After two cups of tea, the effects of the alcohol on the group dissipated somewhat.
Chen Mo then said, "I'm planning to get into the counterfeit goods business. I've already found a factory. Are any of you bosses interested in getting involved?"
"Damn, I thought you were talking about some kind of business! What's so great about selling counterfeit goods? You can't make any money at all."
The dinosaur immediately objected.
Han Bin slapped the dinosaur on the head: "Shut up and listen first."
Han Bin knew that Chen Mo was a smart man and wouldn't talk nonsense.
Since Chen Mo said he wanted to do business in counterfeit goods, there must be something profitable in it.
He just couldn't see how much profit was in it yet.
"Amo, ignore him and continue."
Chen Mo smiled and continued, "I've already found a factory that will start production in a few days, producing inexpensive counterfeit clothing."
Of course, the quality is definitely not as good as the genuine product, but it won't be too bad either. However, the price is much lower than those genuine products, so it should sell very well.
"If any of you big shots are interested, you can get your goods from me and have your subordinates distribute them around the territory. You should be able to make a profit."
Han Bin asked doubtfully, "Isn't this almost the same as the counterfeit goods on the market? You can't make much money from it, can you?"
"Of course they're different. I'm going to make high-quality counterfeit goods. The quality may not be as good as the genuine article, but it's much better than regular counterfeit goods, and the price isn't expensive."
Although the profit margin may be a little lower, it won't be much lower.
But my counterfeit goods will sell very well; I have no trouble selling them at all.
Chen Mo has already studied Lai Kuanhong's factory carefully; its monthly production capacity is approximately 100,000 to 150,000 pieces.
On average, the cost of each garment is kept below 30.
Most of the counterfeit goods on the market now are produced in small workshops, and their cost control is much more difficult than that of large factories.
Even though the quality of their clothes is now very poor, the cost is still around 35 yuan per piece.
This also means that their counterfeit clothes don't sell well, and many people prefer to buy clothes from lesser-known brands.
Although it's not very pretty, the quality is better.
If they want to raise the quality to the level of Lai Kuan-hong's factory, the cost may have to be around 50, which would result in a much lower profit.
The current market price for counterfeit clothing is around 100 yuan. Considering a cost of 30 yuan, the profit margin is still quite high.
However, Chen Mo wouldn't tell them everything.
If they were told everything, how would Chen Mo make money?
"The factory price of each garment here is basically around 40, but I will wholesale them to you at 50 each."
If you sell them in the market for around 100 yuan, you'll still make a profit of about 50 yuan per piece.
Even if you give your underlings a cut, you can still make 30-40 yuan per garment.
"If you can sell around 10,000 items per month, you can calculate for yourselves how much money you can make."
After speaking, Chen Mo leisurely sipped his tea, letting them think about it on their own.
Han Bin and Thirteen Sister exchanged a glance, their minds racing with calculations.
Their monthly income of several hundred thousand is not much compared to the income they currently earn on their territory.
Han Bin is involved in smuggling; a single voyage by his ship can earn him more than that amount.
Thirteen Sister's Portland Street is a notorious money pit in Hong Kong Island, and her monthly income is not low.
However, this several hundred thousand is pure money, clean money that can be deposited in the bank and spent boldly.
They were both deeply moved.
However, doing business always involves risks.
"Can you guarantee that you can sell 10,000 units every month?"
Han Bin asked.
Making several hundred thousand a month is still a possibility, but anything less would be beneath Han Bin's notice.
"I really can't guarantee that. After all, not everyone is good at doing business."
What I can guarantee is that my counterfeit goods will sell much better than those on the market.
But no one can guarantee how many will ultimately be sold.
Chen Mo thought about it and decided that he should reassure the group.
"Gentlemen, there's no need to rush. My factory won't be able to start operations for a few more days."
When the time comes, each of you can take a batch of goods to sell first. If they sell well, you can take more goods.
If they don't sell, I can buy them back at the original price. Is that alright?
"Is it really true? I don't believe in free lunches."
Thirteen Sister stared at Chen Mo with a suspicious look.
Chen Mo said helplessly, "Sister, Brother Bin doesn't understand me, but don't you understand me?"
I'm your little brother!
Given our relationship, of course I'd think of you if there's a profitable business opportunity!
"Damn, that's so cheesy! After hearing you say that, I'm even less likely to believe you."
Thirteen Sister leaned back, her eyes filled with resistance as she looked at the silence.
"Okay, I'll tell you the truth!" Chen Mo refilled their tea. "Right now, none of the triads in Hong Kong take the counterfeit goods business seriously, but you've already calculated the profits involved."
Such a large business, if it were to succeed, would be beyond my current capabilities to manage.
So, I plan to get you all involved. If things go well, I also plan to bring in other top leaders from Hung Hing.
Chen Mo was telling the truth this time.
He genuinely wanted to team up with the other leaders of Hung Hing to do counterfeit goods business.
His factory can currently produce 10 to 15 pieces of various garments per month, but how many can his Women's Street consume in a month?
Moreover, his factory's production capacity can be increased in the future.
If he can work with the other leaders, not only can the production capacity be fully utilized, but a hidden alliance can also be formed.
If all the dozen or so leaders of Hung Hing relied on Chen Mo to make money.
At that time, he will be the uncrowned king of Hung Hing.
Of course, he wouldn't sit in the top position.
That's a "Three Killings" position; whoever occupies it will die.
After hearing Chen Mo's explanation, Thirteen Sister and Han Bin were finally relieved.
"In that case, I'll do this business with the dinosaurs." Han Bin made the decision for the dinosaurs.
Tuen Mun, where Dinosaur lived, was one of the worst districts in Hung Hing. If it weren't for Han Bin's support, Dinosaur would have been so poor that he would have had to sell his pants long ago.
If Chen Mo's counterfeit goods business can really help Dinosaur find a way to make money, he will owe Chen Mo a favor.
"I'll do it too!" Thirteen Sister nodded in agreement.
"Okay, I'll let you all know when my factory ships the goods."
Chen Mo picked up his teacup, toasted the others with tea instead of wine.
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