Reborn in 08, a heretical cultivator starting a business

Chapter 75: Gray Market iPhones Sell Out, Breaking Revenue Records!

In 2008, income was low, but also relatively low; there were also many wealthy people.

There are still many people who can afford cars costing hundreds of thousands or even millions!

Nine universities, 170,000 families.

We don't need two thousand rich people.

iPhones starting at 7100 are simply not something the average student would consider.

But those rich kids think that since the products are readily available and much cheaper than buying through a proxy, they can buy several at once.

Wang Junshan's roommate, Sun Mingzhe, bought three copies in one go!

Since he couldn't keep up the pretense of poverty any longer, he simply stopped pretending.

If I go home for the holidays, I'll buy one for my dad and one for my mom. It will cost 14200 yuan. His parents will definitely give me a big red envelope of 30,000 yuan with a big smile!

Guaranteed profit!

As expected, all 500 units were sold out in less than a day, and an additional 100 units were placed in pre-orders!

"What a mistake! We didn't have enough stock!"

"We underestimated everyone's spending power!" Wang Junshan lamented.

"If I had known this would happen, I should have shipped all 2200 iPhones back to Binhai City. Then I wouldn't have ended up with not a single one for myself!"

"Hehe, I bought three, all of them are the 16GB version!"

Across from him, Shen Huaijin fiddled with his iPhone 3G, beaming with delight: "Much better than Nokia."

Wang Junshan was somewhat speechless: "Huaijin, the first batch of stock is limited. If you buy a few days later, you can enjoy the employee price."

"What?! There's an employee discount?!" Shen Huaijin was completely dumbfounded: "..."

"Wow, we've made 180 million just from iPhones, that's great!" Wang Junshan laughed.

Shen Huaijin was even worse off: "..."

People's joys and sorrows are not shared.

Today, U-Tuan International's revenue exceeded 470 million, and the 600 iPhones alone accounted for 450 million!
We also sold some other beauty products and 3C products, but the least sold baby formula.

Unfortunately, most of our users are students, and not many are buying baby formula.

Adding in the revenue from campus group buying, the total revenue on the 15th broke records, reaching 550 million, with a profit of over 230 million!
The bulk of the revenue came from 600 iPhones, which contributed 180 million!
It's safe to say that since the iPhone 3G just launched and isn't available in China, grey market iPhones are being sold at inflated prices, making money incredibly easy!
Seeing Shen Huaijin's depressed look, Wang Junshan laughed: "Your two units are still sealed, right?"

"Nope."

"Refund it first, and you can buy it at the employee price later when it's cheaper."

"Thank you, boss." Shen Huaijin smiled happily, thinking to himself, "This guy is actually quite handsome when he's in a good mood!"

Then we saw Wang Junshan disassemble one of them and use it himself...

Shen Huaijin's eyes widened: "!!!"

With stock running out, the sales of the iPhone 3G have clearly slowed down.

Soon, a message appeared in various school WeChat group-buying groups and QQ group-buying groups:

The second batch of iPhone 3G stock has been shipped from Shenzhen this afternoon and will arrive at stores in Binhai City tomorrow morning.

Along with the shipment arrived a large quantity of imported beauty products, milk powder, 3C products, and more.

Customers who prefer in-store pickup can modify their order information to pick up at a nearby store. They can then use their pickup code to collect their order tomorrow morning.

For customers who don't need to pick up their orders themselves, or who are already on holiday, you can continue to choose logistics delivery; the order will be shipped from the nearest location!

Seeing the hot sales of the iPhone 3G, Wang Junshan contacted the Shenzhen warehouse directly that morning to load and ship the goods.

1700 iPhone 3G units, along with some imported cosmetics, milk powder, and 3C products, were transported directly to a warehouse in the city center of Binhai.

The Binhai City Central Warehouse is located in the village. It is very large and was previously used as the central warehouse for YouTuan.com.

As students gradually went on holiday, YouTuan's group-buying business was suspended, which conveniently became a transit warehouse for YouTuan International.

Orders placed in northern regions will be shipped from the Binhai City transit warehouse.

Orders from the southern region will be shipped directly from Shenzhen warehouses and Hong Kong Island bonded warehouses.

Efficiency has been significantly improved, and costs have been greatly reduced. This news was like a bombshell, igniting a frenzy in various group-buying groups.

"Great! They'll have it in stock tomorrow morning. I thought I'd have to wait a week!"

"YouTuan's efficiency is amazing! My cousin bought the 8G version for 10,000 yuan and it still hasn't arrived, while mine cost 7100 yuan and I can use it tomorrow morning. I'm so envious of him!"

"My cousin did the same. As soon as she heard there were more units available tomorrow, she wanted me to buy an extra one. Hahaha. I quoted her 8100!"

"What a beast! He actually raised the price by a thousand! I'll just raise it by 2000!"

"6. Scam your relatives and friends!"

"??? Aren't friends and family just there to be exploited?"

"I've learned something, I'll go and spread the word right away."

"I have a holiday the day after tomorrow, so I'm ordering three cans of Wyeth formula for my niece. It's over 300 yuan a can at the supermarket, 280 yuan a can on JD.com, and 230 yuan a can with a group purchase of three people on YouTuan International. Anyone want to join me?"

"A bucket is 50 cheaper! Holy crap, I'm going to buy it! I'll tell my dad I bought it for 300 a bucket when I get back!"

"6!"

"Anyone want to group buy beauty products? Let's buy a lot for summer vacation. Sisters, join our beauty group buying WeChat group..."

……

As soon as the news broke, iPhone 3G orders, which had been slowing down, surged again.

Looking at the ever-increasing order volume and revenue, Wang Junshan smiled.

On its first day of launch, WeChat already has 9 users!

They were all brought in by YouTuan group buying groups.

Although the number of employees was small, the company still generated considerable revenue.

Even without considering the 1.8 million yuan windfall from the grey market iPhones, YouTuan International's other products still generate over 100,000 yuan in profit.

This is already good.

All I can say is that with dealer authorization, Binzhou University headquarters, a strong reputation, a tenfold compensation for counterfeit goods, price discounts, and group-buying discounts, it's hard not to be tempted.

Especially with the group-buying model, in order to enjoy the special offer for three-person group purchases, many people will invite others to join the group, which is also a process of promoting WeChat and YouTuan International.

After all, in the process of recruiting people, not only will you recruit college classmates, but also junior and senior high school classmates, relatives and friends, to join the group purchase.

U-Tuan International offers express delivery; we can ship from anywhere.

This has resulted in WeChat having an additional user base from other groups, giving it greater potential for future growth.

This is also why Wang Junshan set up group-buying special offers: to use discounted prices to drive user growth!

The next morning, iPhone 3G phones, along with some cosmetics, baby formula, and 3C products, arrived at the warehouses of various schools.

Many students who placed orders arrived at the door early in the morning to line up and pick up their goods.

Nobody wants to wait until the afternoon to get their hands on an iPhone 3G as soon as possible!
In 2008, no competitor could rival the iPhone 3G.

Other phones were either Nokia or low-end Android phones, and even touchscreen phones might not support multi-touch.

In terms of experience and system, it's simply incomparable to the iPhone 3G, a direct blow from a lower dimension.

The only one that can compete is the Meizu M8, but it won't be available until around the end of the year.

It hasn't even sold many units since its IPO, and next year it'll be sued by Steve Jobs himself...

Wang Junshan checked the order volume; it was only 10 a.m., but the total number of iPhone 3G orders had already reached 1000 units.

Yesterday's 500 units in stock weren't enough, and the 1700 units that arrived today probably won't last until the day after tomorrow either.

Wang Junshan originally intended to purchase these 2200 iPhone 3G units for use after the municipal leaders came to interview him on the 18th, when WeChat users surged and YouTuan International's orders exploded.

Unexpectedly, before the 18th, the Hong Kong version of the iPhone 3G sold out!

By the 18th, there probably won't be much left.

High profits and fast delivery!
Wang Junshan had no choice but to continue ordering goods.

(End of this chapter)