YM778.TV Chapter 60: Chapter 60: Huge Profits
Lin Yun received a total of 35 million in agcy fees and once again sold 350,000 power banks.
Lin Mgmg was astonished by the 35 million in agcy fees, pure profit at that, the rate of wealth accumulation was simply too fast.
Furthermore, Lin Yun sold another 350,000 power banks.
By th, Lin Mgmg knew that Lin Yun\'s power banks were not ordinary power banks, each one wholesaled for 8, so 350,000 power banks, plus the 0,000 Lin Yun had sold before, amounted to more than 80 million Huaxia Currcy.
With such a large transaction amount, Lin Mgmg estimated the profits to be at least million, maybe ev more.
Although Lin Yun had said that they were in the promotion stage of the brand, she did not believe Lin Yun would sell at a loss for promotion. Lin Yun\'s power banks were too formidable, there were simply no rivals, and it would be illogical for him to sell at a loss to promote the brand under such circumstances.
million plus 35 million equaled 45 million, possibly ev more.
In comparison, their own profits at the Gold Sword Security Company lagged far behind. Plus, the money they earned was through the toil and danger of their employees. It was simply incomparable.
The smooth recruitmt of power bank agts was due to the impressive data of the Cloud One power bank.
As Lin Yun had previously told Mgmg, if you needed a power bank on a regular basis, you could buy one, guaranteed that you won\'t be disappointed. If you didn\'t need one regularly, you could still buy one as a backup. Many wholesalers valued the pottial of these power banks.
Moreover, Lin Yun promised that wh the currt version of the power bank was nearly sold out, he would release a more advanced one.
It would charge various electronic devices, have a multifunctional flashlight, and be waterproof. By th, both those with and without a need could buy one as a backup. And customers who had purchased power banks previously might buy the upgraded version. The repeat customers brought by powerful products were indeed strong.
Selling the basic version of a product first, th the advanced version wh sales were sufficit, was a common practice in the business world.
Just like many major phone brands, wh releasing a new model, usually had the more advanced model already developed. If they couldn\'t do this, the brand was not deeply ingrained or stable, and couldn\'t be considered a major brand.
"Director Lin, what do we do now…"
Wholesalers who failed to secure the agcy rights viously watched those who did. Th, they turned towards Lin Yun and inquired eagerly.
"Since the agcy rights for the sev major regions have be sold, I can\'t freely sell the Cloud One power bank anymore. You need to see which region your sales channels belong to, and negotiate with the geral agts in your regions to buy the power banks." Lin Yun said with a faint smile.
Since he had received the agcy fees, he couldn\'t freely take others\' fees.
The geral agts of the sev regions all sighed in relief on hearing Lin Yun\'s reply.
Th, they beamed. Ar\'t these wholesalers their pottial customers? Just after securing the agcy rights, they already had pottial deals lining up.
"Director Li, looks like we\'ll be working together again. How about giving me the agt for our province…"
"Mr. Qi, you know my capabilities..."
"Director Zhao, I wish to wholesale some power banks. Let\'s discuss the price..."
On hearing Lin Yun\'s response, the remaining wholesalers had no choice but to approach the geral agts of the sev regions and negotiate the deal.
"Lin Yun, thank you so much." At this point, a man in his thirties emerged from the crowd. He looked at Lin Yun with much gratitude.
"Brother Zhao, we have be partners for a while. What\'s there to thank for?" Lin Yun responded with a smile.
This man was Zhao Zhun, a businessman doing business in the Gold Dragon Building. Originally, he and his frid fell short of the required funds for the agcy rights, but Lin Yun nevertheless allowed them to secure the rights for the Southern Region.
Individually, they wer\'t qualified. However, by working together, they became more than qualified. Several other wholesalers in attdance also worked in such partnerships.
However, ev together, Zhao Zhun and his frid had barely made the grade.
But Zhao Zhun had helped him greatly in the early stages. How could he not help Zhao in return?
Lin Yun introduced them to a business partner, Zhao Long, a gerous customer whom he had met wh he first started selling the Cloud One power banks.
Zhao Zhun and his frids had the connections and sales capabilities, and Zhao Long had the capital. It was a mutually beficial partnership. They jointly secured the Southern Region\'s agcy rights.
The Southern Region was arguably the best of the sev regions, including Sh City, the largest electronics wholesale market in Huaxia. A top Huaxia city with plty of wealthy residts, the market was vast. The agcy fee for this region had reached eight million Huaxia Currcy.
Zhao Zhun and Zhao Long also bought 0,000 power banks upfront, silcing all other objections from wholesalers.
"Director Lin, thank you." At this point, Zhao Long also walked over with a smile.
Although he was wealthy, he had just tered the electronics wholesale market and did not yet have the contacts or distribution channels to secure the agcy rights for the Cloud One power banks—much less the top position in the Southern Region. Lin Yun\'s assistance to Zhao Zhun had indirectly helped him as well.
"Giv your faith in me from the beginning, I also believe that you all can handle this region well." Lin Yun laughed.
After a bit more conversation with Zhao Long and Zhao Zhun, Lin Yun turned to look at everyone and said, "Everyone, you\'ve missed lunch because of this auction. I invite everyone to a meal. We can continue our business discussions over dinner."
The wholesalers in attdance were all wealthy, familiar with others of similar means. Just th, Lin Yun came up with an idea to promote their restaurant\'s new dishes.
Lin Mgmg guessed that Lin Yun could have earned four to five million this time.
Little did she know that Lin Yun had hardly spt anything on production costs. Most of the money he obtained from the agcy fees and the sale of power banks was profit, totaling over 0 million.
Making such a large sum all of a sudd, Lin Yun didn\'t mind treating them all to the high-priced dishes soon to be launched at their restaurant.
"Many thanks, Director Lin. Very gerous of you!"
"Haha, Director Lin\'s earnings this time are indeed abundant, and he should absolutely treat us to a meal!"
"We invested a lot just now. We definitely need to eat a good amount later to recover some of that!"
Some wholesalers laughed.