Seeing Ye Lingchen, everyone gave a simple nod as a greeting and continued their meeting.
That was the discipline of Wanrong Technology. During meeting hours, they would not be distracted by anyone, putting the meeting at the highest priority.
Instead, Ye Lingchen merely sat down and listened to their reports.
They were generally about the current performance of Wanrong Technology and their future plans. After that, they started submitting their proposals while Ouyang Qing was in charge of delegating the work. That was the gist of it.
As of that moment, after the initial hype of Little Cloud by Wanrong Technology, their daily sales hovered around 3000 units. Going by the 50 percent profit margin, their daily profit had reached over 13 million and more!
That kind of profit margin was substantial. Ever since Little Cloud was out in the market, it had already gained them over 600 million of profit.
Technology was the way to go. Technology equals profit!
However, Wanrong Technology was faced with the problem of lacking product diversity. At that moment, they only have Little Cloud in production. Furthermore, their service coverage was too limited. Apart from their headquarters in Capital City, they only had four regular chain stores. That was very disadvantageous.
Although it was the age of the internet, it was impossible to let everyone learn about their product using just the internet alone, nor would that allow them to purchase it without worries. Therefore, the regular chain stores were of utmost importance. Apart from that, after-sales support was also another important factor that could potentially bring them similarly high profits!
Right then, Little Cloud’s sales were stagnating and depended solely on the regular chain stores. They needed to move onto a bigger market to have a breakthrough!
Ye Lingchen was only listening from the sidelines. He watched them as they discussed which town should be prioritized to set up their stores, how many stores they should open, how much they should invest, and who to assign to manage the stores in those areas.
As expected of Ouyang Qing to be the embodiment of the characteristics of a strong woman. She was clear-headed and had impeccable management skills. Ye Lingchen was silently nodding his acknowledgment.
He had secretly added in his heart, ‘Apart from expanding the local markets, you’ll also need to go international!’
His luxury product line had already started its expansion to overseas markets, therefore, his technology should reach the overseas market as well. ‘Only with that will my name be spread throughout the entire world and get explosive gains for my popularity points! If the entire world’s population each contributed a little bit of popularity points to me, then my popularity will instantly reach billions!’
‘Amazing! That’s just too great!’
‘By then, wouldn’t my skills be all maxed out? Just the thought of it fills me with excitement.’
“Next, we’ll have Chairman Ye give us a speech. Please welcome him with a round of applause!”
Ye Lingchen, who was in the middle of his daydream, was brought back to reality by Ouyang Qing’s words, catching him off guard.
‘That’s just…what am I supposed to say without a script?’
Clap clap clap—
However, to show their respect for their chairman, everyone was applauding passionately. They were looking at him with smiling faces.
Their admiration and respect towards Ye Lingchen were sincere. Although he was still young, he managed to come up with the designs of Little Cloud. Those with abilities would naturally be admired. Their respect for him was because of his status as their chairman. With a capable chairman, who dared to not respect him?
‘This naughty girl. She must be doing this on purpose.’
Ye Lingchen watched as Ouyang Qing displayed a charming smile. He could not help but criticize her in his heart. That was not the time for him to shy away from the challenge. He needed to show his power as the chairman.
Walking forward, Ye Lingchen showed no fear. He swept a glance at all those present.
“Cough cough.” Ye Lingchen cleared his throat, then announcing, “Earlier you guys were discussing plans for the regular chain stores. There’s one thing I disagree with!”
Everyone was listening with rapt attention. The chairman was giving a speech. No matter what he was saying, listening attentively was the basic etiquette.
“You were mostly suggesting to set up chain stores in larger cities and broadening the market from them. Take Capital City, for example, we already have four stores here. Someone suggested raising the number to 10 stores. Someone even suggested prioritizing opening stores in super developed cities in Hong Kong and Yizhou District. This type of planning sounds right, but the investment is just too much!”
Ye Lingchen’s words sent them into deep thought. That was indeed the case.
The property prices of the first-tier cities were a given. It was impossible for Wanrong Technology to purchase a big storefront for their regular chain store without dozens of millions.
Based on their current financial situation, they could not afford to open 10 stores, let alone opening stores all over.
“Therefore, I think we should take the approach of surrounding the cities from the suburbs!” Ye Lingchen spoke eloquently, “As of now, we only need to open up one store in the city center area in the major cities. Our main target should be the second-tier cities and counties! First of all, the investment is lower. Apart from that, it would also raise our reputation much faster!”
Ye Lingchen’s words brought a frown to their faces. Someone could not help but voice out, “The foot traffic of a county is no match for the big cities though.”
“That’s right. The foot traffic of counties are no match for the bigger cities. However, don’t you forget that we have the internet for our advertising!” Ye Lingchen smiled. “The people staying in first-tier cities keep themselves updated with the times. They will naturally access the internet. 80 percent of these people would learn about us via the internet. Based on our current sales, most of the buyers are from big cities, right?”
One of them nodded. “That’s indeed the case.”
“Then we’re right on the money. Since the people in big cities already know about us, why do we need to spend so much money to advertise to them? Instead, it’s the smaller cities where people don’t pay much attention to the internet. These people are our potential customers!”
“Moreover, smaller cities have another advantage over the first-tier cities,” Ye Lingchen continued his explanation, “The smaller cities have cheaper properties and their homes are bigger, making it more difficult for them to clean. They would need this type of robot even more! In contrast, those in big cities stay in smaller homes with heavy financial burdens. With that, they might consider the robot not to be a worthwhile investment and give up on the purchase!”
Ye Lingchen’s words brought enlightenment to those present, causing a look of admiration to show on their faces.
“The chairman is right. These insights are unique. I’m impressed!”
“The chairman is worthy of being a chairman. Not only is he good in technology, but his business sense is also awesome with critical insight!”
“Chairman is an amazing youth. Such awesomeness.”
“I’m enlightened. Your words cut straight to the core!”
Without questions, the room was filled with empty praises.
“This way, we can set our targets to the smaller cities and save a huge sum of money!” said someone from the finance department excitedly.
“That’s right!” Ye Lingchen gave a look of acknowledgment to that person, then continued, “The money that we saved can be put aside. Later on, we can purchase an island!”
The room was confused and speechless.
They were caught completely off guard.
‘You’ve said so many things, yet in the end, you’re telling me it’s to buy an island? What kind of plot is this?’
“P-p-purchase…an island?”
Everyone was confused. ‘What’s the use of buying an island? That money might as well be put to open up more regular chain stores.’
“I’ve already chosen the location.” Ye Lingchen opened the map, then pointed at one spot. “That’s the island!”
His brows twitched as he looked at their confused expression. “What’s wrong? You guys have something to say? Please do voice out your concern. I will humbly listen to them.”
“I’ve no concerns. Chairman sure is wise!”
“The chairman’s words are wise. Your insights are unique. I’m very impressed!”
“The chairman deserves his position. Such insights! Wonderful!”
“I’m enlightened. Your words cut straight to the core!”
…
‘As the chairman, you’ve already chosen the spot, yet you ask us if we have any concerns? Do we dare to? F*ck…’