Reborn in 08, a heretical cultivator starting a business

Chapter 85 Huaijin, have you joined a pyramid scheme? (Seeking monthly votes)

"How much revenue and profit do the remaining 3C products, beauty products, and baby products generate?"

Faced with Wang Junshan's questioning, the smiles on everyone's faces froze.

Yes, a single-day revenue of 2000 million is indeed terrifying.

A single-day profit of 850 million is even more astonishing!

The problem is that of the 2000 million in revenue, a full 1600 million came from selling grey market iPhone 3Gs!

Of the 850 million in profit, 650 million came from grey market iPhone 3Gs!
But iPhones are a gray market product, and even if the authorities aren't cracking down on them right now, it's not sustainable!
The market will soon be saturated, prices will drop drastically, and sales will become sluggish!

Next year, when China Unicom officially introduces the product, the grey market version will be obsolete!

Once the iPhone 3G is removed, the remaining daily revenue is only 400 million, and the daily profit is only 200 million!
This is the true strength of U-Tuan International!

Seeing the averted gazes of the crowd, Wang Junshan spoke in a deep voice:
"400 million in daily revenue and 200 million in profit, what's there to be proud of?"

The scene was deathly silent, and no one refuted it.

This is the true strength of U-Tuan International right now.

As for the iPhone 3G, it was purely a way to generate revenue through grey market imports, and it wouldn't last.

There aren't that many wealthy people in China right now to sustain the continued hot sales of iPhones priced at over 7,000 yuan; that's unrealistic.

"More importantly, this revenue is only possible because of the recent media and television coverage, which led to a surge of 200 million users in just three days. Once this period is over and traffic drops sharply, how much revenue can we maintain?"

"300 million? 200 million?"

Wang Junshan looked at everyone and said, "So, everyone, what is there to be proud of?"

The scene was deathly silent: "..."

The phenomenal sales of the iPhone 3G, generating 20 million yuan in revenue in a single day, have certainly made people a little complacent.

"Starting today, U-Tuan International's revenue calculations will exclude the iPhone 3G and create a more accurate data table!"

Wang Junshan spoke coldly: "Now is the time to conquer the Central Plains and build an empire, not to sit back and enjoy wealth and honor. From now on, there will be performance competition between groups and business units. Business units with good performance and team members with good performance can receive 20%-50% more in performance bonuses and will be given priority for promotion!"

"Yes!"

Everyone responded and dispersed to get busy.

It's clear that after this meeting, all teams have started to go all out and are no longer as lazy as before.

Watching this scene, Shen Huaijin's beautiful eyes flickered:
"Pride comes before a fall, President. You're deliberately giving them a warning. Even if you remove iPhone revenue from U-Group International, their current performance is already quite good."

"Even if we calculate based on a daily revenue of 2 million, the annual GMV (Gross Merchandise Volume) would be 700 million. It can't compare to Taobao's 100 billion in GMV, but it surpasses Vancl."

"If you factor in the recent surge in iPhone 3G sales, it's on par with Paipai.com, Dangdang.com, and even JD.com!"

It's worth noting that Taobao Mall and Taobao.com are two different concepts.

Taobao Mall, which later became Tmall, was a B2C business spun off from Taobao in April 2008. Its annual revenue this year is only a little over one billion yuan, and it was renamed Tmall in 2012.

Taobao, on the other hand, is a C2C business, which is the Taobao that everyone knows. This year, its annual revenue is 100 billion yuan, and next year's annual revenue is 2008 billion yuan.

JD.com was very weak in 2008.

Last year, JD.com was just a vertical e-commerce platform specializing in 3C products, with an annual transaction volume of only 3.6 million yuan.

This year, JD.com launched large home appliances, resulting in a surge in annual sales, which is expected to reach 13-14 billion yuan, similar to Taobao Mall (the predecessor of Tmall), but far behind Taobao's hundreds of billions of yuan.

Wang Junshan nodded: "That's a good calculation, but if we don't push them, they won't be motivated, and YouTuan International's revenue will only stagnate or even shrink. Only with appropriate incentives will they achieve greater success."

In short, the results I achieved through unorthodox methods are my results, what does it have to do with other employees?

Other employees should continue to work hard as always. They shouldn't get carried away by my performance!

Wang Junshan pays his employees 20%-30% more than his competitors, expecting them to create value, not to be complacent and act like royalty. This kind of laziness is the worst thing a startup can do!
Sure enough, everyone's efficiency improved that day, and performance became even better.

On the 22nd, WeChat only added 30 users, reaching 250 million users, and iPhone sales also declined somewhat.

Keyoutuan International's daily transaction volume still exceeds 2000 million!
The decline in iPhone sales was offset by the efforts of other products.

Wang Junshan was very satisfied with this.

This is what a startup should look like and have the fighting spirit to have!
Wang Junshan also set an example by leading his team to develop WeChat farms until 11 p.m. before leaving get off work.

As Wang Junshan's secretary, Shen Huaijin also stayed up until 11 o'clock.

I got home at 11:30.

"Phew, thank goodness Mom and Dad are asleep. I'd definitely get scolded for coming home so late!"

Shen Huaijin breathed a sigh of relief and tiptoed upstairs when suddenly the living room lights came on.

She saw her parents sitting upright on the sofa, arms crossed, scrutinizing her with serious expressions.

"Dad, Mom... why aren't you asleep yet?" Shen Huaijin asked anxiously.

"Hmph! How can we sleep when our precious daughter comes home so late?"

Su Rou snorted coldly and said irritably, "What kind of behavior is it for a young lady to come back so late? Huaijin, you weren't like this before!"

“That’s right, this is not proper for our girls! It’s only the beginning of summer vacation, and they’re already coming home so late. What kind of behavior is this!” Shen Hongyu said sternly.

The Shen family values ​​their children's education highly and has always maintained a strict family tradition!
"Dad, Mom, you've misunderstood. I didn't go out to play." Shen Huaijin said, sounding a little aggrieved.

Upon hearing this, the two elders' expressions softened somewhat:
"Then why are you back so late?"

"Because...because...because I'm doing a part-time internship."

"Part-time internship?" Su Rou, exuding the air of a young married woman, frowned slightly. "What kind of part-time job could keep you up this late?"

"Hmm... It's a startup company that mainly operates in e-commerce, so they'll be very busy."

"Startup company, e-commerce business, what position would you be in?"

"I...I...I'll be the CEO's secretary..."

"secretary!"

Shen Hongyu's eyes widened, and he was completely taken aback:
"What kind of respectable CEO would hire a female college student as his secretary? And keep her busy until this late?"

Having been through it all and seen all sorts of bosses, he knew exactly what the job of a secretary meant.

Especially since her own daughter is so beautiful, she's very likely to run into scumbags!
Shen Huaijin also realized his parents' worries and quickly said:

"You've misunderstood. The CEO is also a student, a freshman at Binzhou University, in the same year and school as me. That's why I became his secretary..."

"Even students from Binzhou University are not acceptable!"

"Resign! Resign immediately! Our family isn't short of money." Shen Hongyu was furious.

"That bastard didn't bully you, did he? If he did, I'll fight him to the death to make him pay!"

"Father, what are you thinking about?"

Shen Huaijin was furious: "My boss is a very good person, incredibly talented, a business genius. He made tens of millions in less than two months after starting his business. Now his daily revenue is 20 million, and even the mayor has come to inspect it personally..."

"???" Shen Hongyu was completely dumbfounded, then became even more furious:
"Made tens of millions in less than two months? And the mayor even came to inspect? Daughter, have you been scammed? Or have you fallen into a pyramid scheme? I'm calling the police right now!"

Shen Hongyu immediately took out his Nokia, then stood there dumbfounded, suddenly remembering something:
"Wait, something's not right... Why does this sound so familiar?"

(End of this chapter)