City: Become a principal from junior college!

Chapter 344 I only trust the first line in the universe!

"Principal, this wave of store closings is like God helping us!"

In front of Ye Chen, the professional fitness teacher who is also the president of the fitness association had an uncontrollable smile on his face.

Ye Chen also nodded when he heard this.

indeed.

Although his own Star Academy is very famous.

However, it is impossible for the established Star Fitness Association to be known to everyone in an instant.

After all, even if a social giant like Xunteng releases game advertisements all over the place, there are still many people who have never heard of the new game.

But this wave of gym owners collectively seeking money to run away with money has involved thousands of gyms running away, involving the membership dues of more than 200,000 people.

The impact is too great.

Whether it is Internet news or traditional TV stations, it is mentioned.

such news.

It will undoubtedly make people’s trust in traditional gyms even lower.

One goes down and the other goes up.

The vast majority of potential users of gym memberships will completely abandon ordinary gyms.

When you have fitness needs, choose a more secure member of the Star Fitness Association.

And when consumers’ consumption concepts change.

The entire industry will be turned upside down.

As long as domestic gyms want to stay open, they want to continue to gain customers.

There is only one option left, and that is to join the Star Fitness Association.

This has really great benefits for the rapid expansion of Star Fitness Association.

But this is not some kind of God-Blessed Stars Fitness Association.

Because of this wave of running away, from the day Ye Chen decided to establish the Star Fitness Association.

It was already destined to happen.

After all, when people spontaneously start to boycott bad currencies for their own rights and interests.

Bad coins have only one way to go: delisting.

But here comes the thought.

Ye Chen couldn't help but feel a little proud.

Bad money drives out good money, which is common all over the world.

But good money drives out bad money, which can be said to be very rare.

I just set up a fitness association.

Just rectify the entire market and force the scammers to run away in advance.

The reshuffle of the industry has also allowed the public to regain confidence in the entire industry.

Although it will not happen if there is no one to come.

But no one has ever done it in Chengde.

After all, our family is not an authority!

It's just an ordinary private enterprise with universities as its main body.

To be able to do all this is indeed incredible.

But the most important factor in the success of Xingchen Fitness Association is the endorsement of the reputation of Xingchen Academy.

The word reputation is somewhat elusive.

Many ordinary people think it's nothing.

But in reality, the value of reputation is immeasurable.

Your reputation is good enough for consumers to choose you without hesitation and become your die-hard fans.

If your reputation is not good enough, no matter how good your product is, you will be boycotted and insulted every day.

It is extremely difficult to improve a company's reputation.

It requires careful maintenance day after day.

Once a problem occurs, it is not handled properly.

That would be a heavy loss

For example, a mobile phone company failed to remedy the problem in time when a problem occurred and the phone exploded, but instead refused to admit its fault.

Then the reputation in the country was completely ruined.

Some well-known domestic mobile phones have a good reputation.

But some people use the memory secretly to make a small profit without providing the oleophobic film.

Some are just acting like monkeys and burning WiFi due to poor quality control.

These mistakes have damaged their brand reputation and reduced public trust.

This is true even for these top mobile phone manufacturers.

This shows how difficult it is for a company to maintain a perfect reputation.

But Star Academy did just that.

This is also true.

The fitness association launched by Star Academy has become very popular since it was launched, and has been recognized and supported by everyone.

But water can carry a boat, but it can also overturn it.

Star Academy can achieve these results more easily by relying on its reputation.

But if something goes wrong, there is evidence.

The backlash will naturally be greater.

This also made Ye Chen more cautious and vigilant.

The person in charge of the fitness association is urged to strictly control the procedures of the fitness association.

There must be no situation where anyone violates the rules of the association, both at the top and bottom of the association.

……

Star Fitness Association has changed the pattern of the entire industry.

Anyone would be proud of this achievement.

But Ye Chen opened the Star Fitness Association,

In addition to rectifying the domestic gym environment and providing a good employment environment for fitness majors.

The importance of profitability is also important.

After all, only Ye Chen knows best.

The development of Star Academy requires money.

My own system is a gold-eating beast.

Don’t look at the fact that your income is not low now.

But any high-end major can wipe out the cash flow of Xingchen College.

Therefore, Ye Chen is very concerned about the profit prospects of Xingchen Fitness Association.

After hearing Ye Chen's inquiry, the president reported the profit status with a smile on his face: "Principal, in the five days since the Star Association opened for business, 200,000 members have been registered on the official website."

"The average unit price of paid membership in various gyms is around 1,300 yuan."

"And our share is 2%, which is almost 5 million yuan."

"As for the share of private lessons, it is also set at 2%."

"The revenue has not yet been fully calculated, but it is estimated to be similar to the revenue from paid memberships."

"That is to say, the total income in these five days is about 10 million."

"But this income is only temporary and does not have much predictive significance."

"Because after the opening, more and more gyms became interested in the Star Fitness Association and sent us membership applications."

"Based on the current national recognition, it is expected that 99% of gyms will join the association in the future."

"According to the domestic fitness industry survey report last year, the total number of fitness members nationwide reached 75 million last year."

"The entire market size is 250 billion yuan."

"At the same time, our entry has rectified the market and restored consumer confidence in the fitness industry."

“This year the entire fitness industry is bound to see growth and expansion.”

"At the same time, there are also incomes from centralized purchasing commissions, coaching training fees, etc..."

"The predicted annual revenue of our Star Fitness Association is likely to exceed five billion!"

"And this income does not include the income that the deposits paid by each club can bring to us."

At the end, the person in charge was quite excited.

When Ye Chen heard this, he also raised his eyebrows.

This Star Fitness Association is more profitable than I thought.

One year's forecast revenue reaches 5 billion.

It can definitely be called the industry with the highest income in Star Academy so far.

Sure enough, that sentence is correct.

Companies that truly make money set their rules at the top of the pyramid.

But Star Fitness Association makes so much money.

It does not mean that Star Fitness Association is a vampire.

On the contrary, Star Fitness Association really takes money to do things.

Provides a better fitness environment and protection for everyone.

It can be said that because of the emergence of Star Fitness Association. The industry has been standardized, the customer experience has improved, and more customers are willing to apply for fitness cards.

While merchants save a lot of marketing expenses, they will get more customers than before, and their income will inevitably be higher.

And Star Academy also made money.

A perfect virtuous cycle.

It’s a standard win-win-win situation.

Win them all, the kind that makes you lose money.

If you only collect money and do nothing, then you can be called a vampire.

After collecting the money and doing the work, no one loses, this is what you call a savior.

……

As for what the person in charge of the association said at the end, it was about taking out the deposit to invest.

Ye Chen was not surprised.

Because this is also considered a routine operation in all walks of life.

Idle funds left in the account are dead money.

If you invest it, you can make money from money.

thereby making profit margins higher.

Some companies clearly provide cash payments.

But they have to set a long billing period, or they just delay settling the bill.

It’s because money begets money.

The person in charge introduced seriously: "Many top investment institutions at home and abroad have contacted us, hoping to reach cooperation with us."

"We only need to leave 13% of the funds as redemption reserves according to the bank's interest rate."

"Leave the rest of the funds to the other party for custody and investment!"

"The other party can promise us an annualized rate of return of eight to ten percent."

Hearing this, Ye Chen raised his eyebrows.

Eight to ten percent?

This yield is indeed very high.

It even beats inflation by seven percent.

Everyone knows that inflation means currency depreciation.

If rich people don't invest their money, it will depreciate every year.

For most investment institutions, a rate of return that can stably exceed inflation every year is already very good.

And when the Star Fitness Association really expands to the whole country.

The margin alone is worth tens of billions.

This is definitely a huge sum of money.

Even if it’s just an eight percent return rate.

For Star Academy, it is a considerable amount of income.

The profits of many listed companies must be higher.

But after Ye Chen thought about it carefully, he still shook his head and said: "Leaving twelve percent is too little. No one can predict the future."

"And our credibility is still a little worse than that of banks. The bankruptcy rate in the gym industry is also very high. We may be hit by adversaries at any time. So the investment plan does not need to be so radical."

"It's better to keep 30% of the current deposit on your books."

"As for the cooperation with those investment institutions, forget it."

“We are not very familiar with this field and can easily be fooled.”

"It's better to directly cooperate with a bank and get corporate large-denomination certificates of deposit."

"And we directly cooperate with the four major banks and the head office."

"For example, banks at the municipal level or below are not considered. No matter how high the interest rate they offer, they will not be considered."

Hearing Ye Chen's words, the person in charge immediately frowned slightly and asked with some confusion: "Principal, if you do this, is the rate of return too low?"

The person in charge is very dedicated.

After taking up the position, I learned a lot about this aspect of knowledge seriously.

It is understandable that the principal does not choose banks at the municipal level and below.

After all, that's tens of billions of deposits.

If you spend this money, you can become a major shareholder of some small banks.

There is nothing wrong with choosing the four major banks.

But the act of choosing a bank certificate of deposit itself seems a bit wasteful.

Because as long as the association develops normally, no club will withdraw its deposit.

Occasionally, dozens of companies go bankrupt, and it is easy to pay membership fees.

Therefore, this fund will almost always remain on the books of Xingchen Fitness Association.

The available time is very long.

It's really a shame to use such a large sum of money for savings.

Even the interest rate on large certificates of deposit is higher than that on ordinary deposits.

And since you have a lot of money saved, you have a lot of room to negotiate interest rates.

But if the annualized rate can reach 4%, it is sky-high.

Compared with the rate of return from investing in the outside world, it is at least half less.

I could see the confusion of the person in charge.

Ye Chen shook his head and gave an explanation: "Although the deposit is in our hands, it is not our money after all."

"We must remember this and remain vigilant."

"Because the other party is willing to put money with us because it trusts us."

"So even though we have control now, we have to be thoughtful when using it."

"Otherwise, if there is a problem with the investment, it will spread to the outside world."

"The upcoming bank run may directly lead to the collapse of our college's current good situation."

"Our Star College is now developing steadily. Both the scale of the college and the scale of the industry are expanding steadily. There is absolutely no need to take risks that may affect the college itself for the sake of hundreds of millions of profits."

What Ye Chen said at this moment was sincere.

It's not that Ye Chen doesn't dare to take risks.

It’s just that risks and benefits are indeed not proportional.

The core of our family will always be the college itself.

If risking investment because of a little profit brings a drag on the college itself, then it would be to sacrifice the good and chase the last.

of course.

This also has something to do with Ye Chen's distrust of outside investment institutions.

Most of the external investment institutions have exaggerated themselves.

If you look at the historical returns, one is higher than the other.

But when you actually invest money, each fund becomes greener than the last.

All we can say is that this historical rate of return is all fishy.

And various gold medal masters have no responsibility at all for losing all investors' money.

Stay comfortably in a villa by the sea and enjoy the young models attracted by the huge management fee.

It can only be said to be a pure money trap.

Not to mention that Star Academy is developing so fast.

It is involved in more and more industries and has the capital of a giant.

It has long been closely watched by many capital giants.

Ye Chen goes abroad every year.

They will receive countless business invitations, among which the most common ones are talks about investing in shares.

There are really not too many domestic and foreign institutions that want to invest in Star Academy, both overt and covert.

Behind the rapid development of Star College.

Capital has been surging under the surface for a long time, coveting three points.

Who knows whether there will be shadows of these giants behind this batch of investment and cooperation intentions.

At that time, the other party deliberately lost all the deposit.

Then spread the news around the world, fueling alarmism.

Then Star Academy will inevitably face a run.

If it is not enough, all its industries will have to be harvested at lower prices.

If nothing else, Disney definitely wants Star Animation Company very much.

If given the chance, I would definitely devour it in one bite.

Therefore, Ye Chen chose to play it safe.

It’s best if there’s no conspiracy behind it.

Even if there is a conspiracy, I will never take the bait.

I only trust banks, and they only trust the Bank of China!

(End of this chapter)