Reborn in 08, a heretical cultivator starting a business

Chapter 73: Business Opportunities Abound, WeChat 1.0 Launched!

Beauty products and 3C products are available on Taobao and JD.com; consumers don't necessarily need to come to YouTuan International.

In order to increase sales, U-Group International had no choice but to launch a group-buying model to attract customers with low prices!

But imported milk powder is different; it presents a huge opportunity!

Although the milk powder scandal only fully erupted in September.

But signs of it had already appeared as early as May!

There were a few reports about it.

They simply kept the death a secret.

By July, the situation had worsened, and many people had noticed the problem and started switching to buying imported milk powder!
Now, instead of taking advantage of the fact that imported milk powder prices haven't risen significantly, YouTuan International is stockpiling large quantities to gain early brand recognition.

Then the milk powder scandal broke out in full force, milk powder prices soared, and Youtuan International was left with nothing!
Once YouTuan International gains brand awareness and user trust by leveraging imported milk powder, and retains its user base, sales of other imported cosmetics and 3C electronic products will also be no problem.

After all, consumers who bought imported milk powder before the milk powder scandal broke out were mostly high-quality consumers with strong purchasing power!
These are all high-quality customers that YouTuan e-commerce must acquire!
To this end, Wang Junshan not only named YouTuan's vertical e-commerce platform "YouTuan International," but also made large-scale purchases to become a distributor for major imported milk powder brands!
If you don't buy enough stock, it's difficult to become a distributor.

The first order could be two hundred items from one store, but the total order was tens of millions!
These super-large clients are definitely the best quality distributors, and few brands can refuse them.

With so many imported milk powder brands, if one refuses, other competitors are begging to cooperate!
Wang Junshan, though not angry, exuded authority: "Imported milk powder and other high-volume maternal and infant products must be prioritized. Sign distributor authorizations, make sure to stock up, and there can be no mistakes. The product launch is on the 15th, and we must get it done!"

"Yes!" everyone responded.

Afterwards, Wang Junshan visited the WeChat department.

After more than half a month of hard work, under the guidance of Wang Junshan, the development of WeChat 1.0 is progressing very rapidly.

By mid-month, the farm game won't be available, but there's still hope for WeChat version 1.0, which provides basic chat functionality.

On July 15th, WeChat 1.0 will be released first, along with basic social networking and YouTuan.com 2.0 (campus group buying + YouTuan International) hyperlinks.

In August, we will release WeChat version 1.2 and launch WeChat Farm!
As university students gradually went on holiday, campus group buying had to be shut down one after another.

U-Tuan International can seamlessly connect and take over.

In the days that followed, the entire YouTuan Technology team began working overtime to meet the deadline.

Even when Wang Junshan was taking exams, he was fully focused on developing WeChat Farm.

Wang Junshan will personally handle the core code and gameplay.

The biggest fear is that if the secret is leaked and a competitor copies it and releases it first, then we're doomed.

It is worth mentioning that after the Binzhou University expulsion incident, media reports indicated that YouTuan Group Buying's development at Binzhou University was no longer hindered, and it even gained more support from students.

The other eight schools have not experienced similar incidents so far, as evidenced by the news reports.

This made the operation of YouTuan.com very smooth in the nine universities.

For the next ten days or so, the combined daily revenue of the nine schools was around one million, with a gross profit of around 50.

This makes YouTuan.com's cash flow even more alarming.

By July 13, YouTuan.com's daily revenue had dropped to 900,000.

Binhai University of Technology is on holiday!
With one less school, YouTuan.com's revenue dropped by one-tenth.

Wang Junshan was speechless: "The holiday started on July 13th and lasted until August 30th, it's been so long!"

Shen Huaijin shrugged: "Our school only has about 40 days off, while the University of Science and Technology has almost 50 days off!"

"Alright, with other schools gradually going on holiday, YouTuan Group's revenue will continue to decline, barely reaching one-tenth of its original value. Sigh!"

Wang Junshan felt somewhat helpless; the good days for YouTuan group buying were over!

Shen Huaijin frowned slightly, about to offer some words of comfort, when Wang Junshan changed the subject: "Fortunately, we've already earned 1500 million."

Shen Huaijin bit her lip lightly: "!!!"

"If I try to comfort this guy again, I'll be a pig!"

"I must be out of my mind to think about comforting someone who earns tens of millions a month!"

In June, YouTuan.com only made 8.5 million yuan, but in just 13 days in July, it made 6.5 million yuan!
Total profit was around 1500 million, which is excellent. Adding the 700 million owed to distributors, the available funds reached 2200 million.

However, only 200 million yuan remains, which is still Wang Junshan's personal property.

No other reason than that, it was all used to purchase new goods!
Campus group buying is easy to do, with large order volumes. After a month and a half, all the distributors who cooperated with YouTuan.com have made a lot of money.

By July, they fully accepted the "goods first, payment later" approach, with a T+30 day settlement period.

Wang Junshan took the 700 million yuan payment from the suppliers and used it to purchase goods without any problems, since the settlement would only be completed a month later.

However, vertical e-commerce is different, especially cross-border e-commerce, where it's the first time cooperating, so payment must be made before goods are delivered!

They stockpiled 1000 million yuan worth of imported milk powder alone.

100 million imported beauty products were purchased.

100 million units of imported 3C electronic products were imported.

They also ordered 1000 million Hong Kong versions of the iPhone 3G!

This year, the iPhone 3G was not available for sale in mainland China. It went on sale on July 11th, and Wang Junshan immediately ordered a batch.

They have strong connections in Huaqiangbei and have channels for direct shipping from Hong Kong Island, with settlement upon arrival.

Wang Junshan wanted a lot, the first batch was worth 10 million yuan, and he has already received the goods, which have all been put into the Shenzhen warehouse!

The 8GB version is the main one, priced at 4100 per unit.

A limited number of 16GB versions are available, priced at 4800 per unit.

A total of 2300 units are available, which can be shipped out quickly.

After all, the total number of units delivered to the entire Hong Kong Island in the first week was only around 5.

The amount of smuggled goods that reached the mainland was even smaller.

Wang Junshan went online immediately, and the price increase of 3000 yuan per unit in the first week was considered low.

其他代购、黄牛首周价格，8G版本都要9000-12000，月底才会降到6000-8000。

Wang Junshan launched sales immediately, with stock available for just over 7000, and there was no worry about selling them!

And milk powder, which is also very cheap right now.

A 900g pack of imported milk powder from a major brand costs around 85 yuan upon arrival at the port.

YouTuan International signed a distributor agreement and purchased a large quantity of goods, so they negotiated a price of 75 yuan directly. With tariffs, logistics and warehousing costs, etc., it came to about 100 yuan.

However, this type of milk powder is currently priced at 230-250 yuan on domestic e-commerce platforms.

Even when selling at 200-230 yuan, the profit margin on YouTuan.com is still considerable.

By September, when the milk powder scandal fully erupted, prices would rise to 300-450 yuan, resulting in even higher profits!

Wang Junshan's one-time stockpiling of 1000 million yuan worth of goods may seem crazy, but it's actually a calculated move!
He had already calculated everything perfectly.

The School of Hotel Management also started its holiday on the 14th.

U-Tuan.com's revenue has decreased again, leaving only 80.

Wang Junshan was not in a hurry about this.

There's no other reason than that the farm game wasn't done well, but WeChat version 1.0 was!

The 2.0 version of YouTuan.com, which combines campus group buying with YouTuan International vertical e-commerce, is also ready and has been successfully integrated into WeChat via hyperlink.

That day, a new notification appeared in all the group-buying groups on YouTuan.com:
Thank you for your support and trust in Uituan.com. Continuous improvement is our eternal pursuit. Something wonderful is about to happen tomorrow morning at 7 AM!

[YouTuan.com Launches a Mysterious New Product!]

A new beginning, a new future, new surprises!

(End of this chapter)