Wizards in the world of cultivation

Chapter 87 Revenue of Luoxia Market
In recent years, in order to boost business in Luoxia Market, in addition to measures to combat robbery and repair, ensure customer safety, and offer more favorable rents, other measures have been implemented.

Su You even releases one Foundation Establishment Pill for auction every year.

Most of the cultivators in his market are at the Qi Refining stage. Only by being able to reliably sell Foundation Establishment Pills can he attract cultivators at the higher Qi Refining stage.

The Foundation Establishment Pill, which he used to have to go to great lengths to buy, he can now refine himself.

In particular, Su You possesses a large quantity of the main materials for refining Foundation Establishment Pills: second-tier demon cores.

Second-tier demon cores are the most precious material for refining Foundation Establishment Pills. After all, demon cores are generally only produced by third-tier demon beasts, and only some special second-tier demon beasts have demon cores in their bodies.

Sometimes, even after hunting ten second-tier demonic beasts, it's not guaranteed that you'll find a second-tier demonic core inside their bodies. Given how difficult it is to hunt demonic beasts, the value of these demonic cores naturally increases dramatically.

However, Su You had previously hunted a large number of demonic beasts, including quite a few second-tier demonic beasts. Even with the low probability of obtaining demon cores, he had still accumulated more than twenty of them.

Considering that he would be learning alchemy in the future, and would definitely learn how to refine Foundation Establishment Pills, he naturally kept these demon cores in his possession and did not sell them.

A few years ago, after their alchemy skills reached the second tier, the twin clones began to attempt to refine Foundation Establishment Pills.

From initial failures and only one successful pill in between, he can now consistently produce two pills.

All the demon cores accumulated over the years have been refined into Foundation Establishment Pills. A total of more than thirty Foundation Establishment Pills have been stored, which is enough for a period of time.

Given that a Foundation Establishment Pill costs at least 50,000 spirit stones, it could be sold for at least 1.5 million.

Unfortunately, there were quite a few failures in the early stages, and the other materials for refining Foundation Establishment Pills were also quite expensive. Overall, this batch of Foundation Establishment Pills resulted in neither a profit nor a loss.

However, once your alchemy skills improve, it will be pure profit. For example, being able to refine two Foundation Establishment Pills now can earn you at least 30,000 spirit stones.

Su You's income mainly comes from three parts. The first is the sales of the shop, which accounts for a small proportion. After Su You accumulated a batch of pills and magic artifacts at the beginning and sold them for more than one million spirit stones, the sales have been slow since then.

Currently, the pills and magical artifacts he can refine are all of second-tier quality. However, the main customers in the market are cultivators at the Qi Refining stage. First-tier magical artifacts and pills are not expensive or profitable, and they take a lot of time to refine. He would never refine them for such a small amount of spirit stones.

The shop's main sources of goods are pills and magical artifacts refined by the Chen family themselves, and also items acquired from other independent cultivators.

This method accounts for the majority of the total goods. The shop includes talismans, pills, and magical artifacts, most of which are purchased from other independent cultivators who have mastered cultivation techniques, earning a small price difference, so the profit margin is relatively low.

Of course, Su You would definitely send people to purchase bulk commodities like spirit rice from the Void Heaven Immortal City. This kind of business is bound to be profitable, since the production of spirit rice in the Mingkong Islands is not high and cannot meet the needs of independent cultivators.

Although the profit margin is low, it adds up, especially as more people buy, the total profit can still be substantial.

These shops generate an annual income of approximately ten thousand spirit stones.

Secondly, there is the income from the spirit fields on Luoxia Island. The income from the spirit fields is divided in half, plus the cost of the spirit seeds, so each acre of spirit field yields four spirit stones.

Currently, a spirit field of about 5,000 mu on Luoxia Island can bring in 20,000 spirit stones every year.

Finally, there's the rental of cave dwellings in the market, which is the main source of income. There are about 20,000 cave dwellings, and most cultivators rent the lowest-priced ones.

The original rental price for the cave dwellings was half a spirit stone per month, or six spirit stones per year. However, Su You offered a discounted price, allowing a one-year rental for only five spirit stones. These cave dwellings all possess mid-grade first-tier spiritual veins and spiritual energy, sufficient to satisfy the cultivation needs of early to mid-stage Qi Refining cultivators.

This income is approximately 100,000 spirit stones per year.

In addition, the rent from hundreds of shops in the market also brings in tens of thousands of spirit stones. Now, Luoxia Island's annual income is at least 150,000 spirit stones.

This income is actually not very high, and it doesn't even include operating costs. Running a market requires a lot of manpower, and although the Chen family are his subordinates, they must still be paid salaries.

"We still need to continue investing in the market," Su You thought to himself.

The population inside Luoxia Market is now at its limit, and every bit of spiritual energy must be carefully calculated. The energy pool no longer draws spiritual energy from the market's spiritual veins.

Although Su You didn't expect Luoxia Island to develop like the Xutian Sect, which could earn hundreds of millions of spirit stones every year just by relying on its spirit fields and Xutian Immortal City.

However, surpassing the Aurora Immortal City of the Mingkong Islands was a piece of cake.

The occupancy rate of independent cultivators in Aurora Immortal City is not as high as that in Luoxia Market, mainly due to the safe environment built up over the years.

With Xiao Bei's scanning, even if someone commits evil nearby, they cannot escape. There hasn't been a single serious death in the market since.

If a conflict occurs in the market, Beckham is able to notify the law enforcement team to handle it immediately.

However, Aurora Immortal City is different. The city is vast, and the people coming and going every day are diverse. Even with an enforcement team, it is impossible to deal with every matter in a timely manner. If a vendetta occurs in the city, by the time the enforcement team arrives, the murderer will have already escaped.

If Luoxia Market wants to catch up with Aurora Immortal City, it still needs to address two issues. One is the issue of spiritual veins, which is the most important. Only with sufficient spiritual veins can more independent cultivators move in.

Secondly, most of the goods in the market are aimed at low-end customers, namely low-level independent cultivators.

If Luoxia Market wants to grow and expand, it must have higher-level treasures to attract cultivators in the Foundation Establishment or even Golden Core stages.

"We still don't have enough talented people under our command." Su You shook his head helplessly.

Once Luoxia Immortal City is established, shops from those major powers will definitely move in; there's no doubt about that.

However, they pocketed all the profits from this aspect.

While it's not necessary to have a lot of profit from the store, it's essential to secure a certain share of the revenue.

The foundation is still too weak. Not only are there few talented people under their command, but they are also unlike those Nascent Soul forces, which have accumulated thousands of years of experience and have a solid foundation.

Su You thought for a moment and asked Xiao Bei to inform Chen Yuanzong to come over and tell him some things.

"Master, what can I do for you?" Chen Yuanzong asked.

Su You usually gives instructions directly for minor matters, so the fact that he's been summoned here now means there must be something important.

(End of this chapter)