Hong Kong Island's New Rich Era

Chapter 11 Hot Sale (Part )

As the saying goes: "Too much courtesy is not a problem." Anyway, both sides only say nice things and flatter each other, and they don't lose any actual benefits anyway.

"I am very honored that Mr. Watanabe is here in person."

The two talked about the future development of Hong Kong from a business perspective, and also talked about the popularity of claw machines in Hong Kong, but both sides did not mention the issue of purchasing claw machines.

After a while, Liu Zhicheng saw Watanabe mentioned the claw machine, and he couldn't help but ask, "Mr. Watanabe, are you here for the claw machine this time?"

"That's right. I'm thinking of becoming the agent for claw machines in some overseas markets. I wonder what price Mr. Liu would give?" Watanabe was also about to ask Liu Zhicheng about the agency of claw machines.

"I just don't know which markets Mr. Watanabe wants to represent?" Liu Zhicheng asked with a smile.

"Let me be frank. Korea, Taiwan, and North America are our company's traditional markets. If Mr. Liu can hand over these markets to Ito Trading Company, I will do my best to create the greatest benefits for the Orange Factory."

Watanabe really dares to speak up and shock people. Even if he is given these markets, can Ito Trading Company digest them?
But Liu Zhicheng didn't want to refute directly, so he smiled and asked.

"Oh, how many units do you want to purchase to expand the market?"

"Ten thousand. I just don't know what price Mr. Liu can offer?"

"Our company currently charges a uniform FOB price of HK$3,000 per unit to our overseas agents."

"Mr. Liu, this is only our first batch of purchases. I believe the second batch will arrive soon."

"Mr. Watanabe, are you kidding?" Liu Zhicheng asked.

"I never joke." Watanabe said seriously.

Liu Zhicheng thought for a moment and said, "Then I can give you a discount of 200 Hong Kong dollars per unit."

"Two thousand Hong Kong dollars per unit. If Mr. Liu agrees, we can sign the contract now." Watanabe was also very direct and quoted a low price quickly.

"Mr. Watanabe, this is impossible. At HK$2,000 per unit, I can't even recover my costs." Upon hearing the price, Liu Zhicheng immediately refused. It's not that he really couldn't recover his costs, but he also didn't want to make small profits and quick turnover so early.

"Mr. Liu, most of your core components are purchased from RB. I just need to ask around among our peers. I have many years of experience in trade, so I can roughly estimate the price of a claw machine."

What Watanabe Cheng said was indeed true. He had been doing trade in Hong Kong and Japan for so many years, and he couldn't figure out the prices of any accessories.

As Liu Zhicheng has increased his purchase volume, he can now control the cost of one claw machine to HK$1,300.

"Mr. Watanabe, you should know that a factory requires a series of costs such as manpower, warehousing, and taxes. If I cannot make a reasonable profit on the price, I would rather give up."

Liu Zhicheng was not afraid that Watanabe would give up the claw machine, which was a profit that was within his reach. But Liu Zhicheng was different. There were a lot of RB traders like Watanabe in Hong Kong.

After much bargaining, the price was finally settled at HK$2,500 per unit, which satisfied both parties. At the same time, Watanabe also promised to develop the Korean and North American markets.

Liu Zhicheng finally handed over these markets to Watanabe out of helplessness. After all, time is money, and he didn't want to wait until the knockoffs came out and then start a price war with them.

Watanabe's full name is Watanabe Cheng, but this old guy is not a pushover. He demanded that all 10,000 claw machines be delivered within two months, otherwise he would have to pay a penalty. It's just 10,000 claw machines a month, in order to cooperate with Watanabe to compete for the market, Liu Zhicheng gritted his teeth and agreed.

Liu Zhicheng became ruthless for money and personally sat in the factory every day. Although he did not make any decisions about the factory's production, he looked at the production reports in the office every day, and the people under him also felt the pressure.

Every day in the factory, there is an atmosphere of either dying under pressure or exploding under pressure, which makes it impossible for everyone to relax at any moment.

In order to prevent the "explosive death" incident from happening again and to complete Ito Trading Company's orders on time, Liu Zhicheng had to add several more OEM factories.

After a month of intensive production, Ito Trading Company's order was completed on time, which also made Liu Zhicheng breathe a sigh of relief.

Maybe it’s because there are too few ways for people to entertain themselves now, or maybe the merchants have seen the benefits that claw machines can bring to them, so claw machines have become popular in Southeast Asia. Orders have been pouring in to the Orange Factory, totaling more than 6000 units.

Everything has its pros and cons. Counterfeit claw machines have started to appear in less than two months, which is earlier than Liu Zhicheng expected.

Moreover, the price was shockingly low, only HK$1,600 per unit, which made Liu Zhicheng feel like his heart was bleeding.

For this reason, Liu Zhicheng personally went to the market to take a look at the fake claw machine. When he saw the product, he was relieved because the fake claw machine was a bit rough in workmanship.

After more than a month of sales and the emergence of copycat versions, the Hong Kong market has basically become saturated.

What Liu Zhicheng values ​​most is the foreign markets. He must hurry up to produce and distribute the products and compete for the market. Once the copycat claw machine factories start mass production, it will really become a red ocean and the only way to compete is to compete in a price war.

Just after delivering Mr. Watanabe's order, Watanabe immediately placed another order, purchasing 50,000 units at a time. Liu Zhicheng gave him a big hug, saying that Mr. Watanabe was really awesome.

But at the same time, Watanabe also brought him bad news, that a manufacturer of copycat claw machines had appeared in South Korea.

Because a large number of copycat phones appeared on the market, the price had to be lowered a bit. The final price was 2,200 yuan per unit, which made Liu Zhicheng very sad.

Liu Zhicheng analyzed the information reflected in the market and found that claw machines were about to enter a period of small profits but quick turnover. But no matter what, the first bucket was finally dug, and he had the capital to brave the big waves.

…………

Amidst the busyness, time came to December, and there were only a few days left until New Year's Day 12.

Due to the emergence of a large number of copycat claw machines, the claw machines at the Orange Factory will not be able to be produced for a few months. Just when Liu Zhicheng was thinking about the next trend, he received a call from his family, who were planning to visit Hong Kong this Sunday.

Liu Zhicheng has been living in a hotel since he came to Hong Kong to take over the orange factory more than two months ago. Now that he has money, it's time to find a place to live.

Therefore, Liu Zhicheng immediately asked Su Kui to contact a real estate agent to find a villa surrounded by mountains and water in Repulse Bay.

An oil crisis broke out at the end of 73, causing a major recession in major economies around the world. Hong Kong was certainly not spared, so a major stock market crash occurred, and even the Hong Kong property market plummeted.

　The contract has been signed, so readers can collect it with confidence.

　　Please collect, recommend, vote for monthly ticket, and ask for compensation!

　　
　
(End of this chapter)