The poor are poor, the rich are rich

Chapter 118 5 Wu Ruilin: Making Money in Unexpected Ways

Chapter 245 Wu Ruilin: Making Money in Unexpected Ways

Regal Profile:

Name: Wu Ruilin
Born on February 1952, 2 in Jinjiang, Fujian Province.

In 1964, he graduated from elementary school, just catching up with that special era in Chinese history, and he has since dropped out of school. In 1969, I started to mix in the market, trying to make money.

In 1982, contracted a garment factory.

In 1992, he left Shenzhen and went to Huizhou, rented an 800-square-meter dilapidated factory building, and placed the company opposite the TCL Telephone Company.

From 1992 to 1995, Wu Ruilin's Qiaoxing Telephone Company passed the life-and-death period of the company by realizing continuous updates in product appearance and functions (such as the earliest installation of caller display screens, etc.), keeping costs down as much as possible and strengthening marketing. Became the second largest telephone manufacturer after TCL Telephone Company.

Since 1992, he has been the chairman of Qiaoxing Group.

In 1999, his Qiaoxing Company became the first private company listed on Nasdaq in Mainland China.

Wu Ruilin is a typical successful businessman who struggled with grassroots spirit.He started from scratch with no education or background, and encountered various setbacks and blows in the business world for decades, but he was always optimistic and positive, and finally became China's "telephone king".Quoting Wu Ruilin's own words: "My life path is not smooth sailing, but is constantly summed up and surpassed in the ups and downs." Wu Ruilin.

To do anything, you must use certain methods and methods, especially when starting a business to make money.There are many ways to make money, the key depends on whether the choice is correct.Entrepreneurs must clarify the meaning of wealth and consider all aspects, what to do to obtain the greatest profit, and think about the most suitable way to make money.

As the boss of Qiaoxing Group, Wu Ruilin is an entrepreneur with "global vision". He is shrewd and pragmatic. From business ideas to business philosophy, he can make advanced decisions and is very forward-looking.Through overseas listing, they have raised the huge amount of money needed for the company to expand production.At the same time, through the overall standardized operation of the listing, on the one hand, the company's management framework and financial framework have been re-planned; Improved management, exercised the team, and enabled the company to develop by leaps and bounds.

Wu Ruilin's early success was attributed to his shrewdness and business daring and desire.From the age of 17, he began to find ways to make money in the market.

"When I was young, sitting on the ridge of the field to rest, Shibo from the same village cut a piece of sugarcane from the field. I cut a section, but found that most of it was rotten. Shibo told me that the sugarcane is often either rotten or rotten. , or be eaten by moths in the middle. In fact, the whole life of a person is similar to that of sugar cane. Only when you endure hardships when you are young can you have good fortune." Wu Ruilin said.A piece of sugar cane educated Wu Ruilin.Wu Ruilin began to think that life could not always be like this. He was unwilling to live a life of "facing the loess and back to the sky" all the time. He wanted to change his destiny.Quanzhou has been advocating business since ancient times, so Wu Ruilin naturally joined the ranks.

In the early years of his entrepreneurial career, Wu Ruilin studied tailoring under his master, held tailoring classes, invested in the construction of a quarry, sold watches, sold cloth, and contracted projects. He did whatever he wanted to make money.Wu Ruilin personally verified the saying "no one can succeed casually".

In 1980, Wu Ruilin took the lead in founding the town garment factory "Anhai Industrial Garment Company", which was a whole year earlier than the rise of contracting in the whole country.But then he was deceived by others.Regarding this experience, Wu Ruilin said frankly: "It was really a heavy blow....But I feel as if I have aged a lot. Sooner or later, creditors will come to the door, and there will be sarcasm everywhere."

Later, Wu Ruilin entered an important turning point in his entrepreneurial history in Shenzhen.He found the starting point of his career and came into contact with a product with unlimited industrial prospects - the telephone. In 1989, Wu Ruilin started his own telephone factory.At this time, Wu Ruilin was catching up with a good time-Hong Kong's telephone industry began to enter the mainland.Smartly, he seized this opportunity to do telephone processing in Shawan, Shenzhen, and he could get hundreds of thousands of repayments in a month or two.Two years later, Wu Ruilin found his first pot of gold.

Talking about the way of doing business, Wu Ruilin summed it up in this incisive sentence: "Confidence in starting a business is like crossing a river on foot: start when the water is shallow, and stay in the east of the river; start when the water is deep, and then set foot in the west of the river." He said to the reporter with emotion: "I came from Shenzhen to Huizhou, which was still relatively underdeveloped at the time, to start Qiaoxing. I had no funds, no technology, and no assets. How easy is it to survive against such strong opponents?" "At that time I realized that talents are the key to our success. So I went to the old telephone manufacturers in Shanghai, Jiangsu and Beijing at that time. There were first-class technical talents there, but their value could not be reflected under the inflexible system. My boldness and confidence moved many people, so I recruited first-class technical talents without much effort, and became the first batch of technical backbones of Qiaoxing. With their efforts, we developed and launched China's first LCD display phone."

This telephone set filled the blank of domestic network access machines at that time, and was 800-1000 yuan lower than foreign brands on the market, so Qiaoxing won the vast domestic consumer market.The launch of the liquid crystal display telephone also laid the foundation for Qiaoxing telephone to fully open up the market and scale up production in the second year.

Today, in the face of Qiaoxing Group's success, Wu Ruilin did not show off the brilliance of the performance, but said: "After so many years, those who follow me are always unwilling to leave, and those who leave still want to come back. This is what I can do today. A little bit of pride."

The key to making money is to choose the right method, thinking of ways that ordinary people can't think of is the most profitable.There is no free lunch in the world. Opportunities to make money are grasped and created by yourself. You have to study how to make money, summarize yourself, find out the most suitable method that ordinary people can't think of, and then stick to it and work hard; Ways to make money to make money, wealth will be closer and closer to us.

(End of this chapter)