Chapter 131: Business Opening
Hoarding and reselling things, once you buy them, you can never go back.
The funds Kim Jae-yong brought back from Jeju Island were converted into RMB 15 million.
After his two and a half basements were sold one after another.
Jin Zailong's funds have exceeded 20 million.
However, Jin Zailong actually had more money than this. After all, although he spent part of it to buy a house, he only paid the down payment for the house, and a large part of it was a bank loan.
The bank interest rates in country h are quite low. After all, the current US dollar cycle is wide, and the interest rates in country h cannot be higher than those in country m. This results in the cost of loans used by Jin Zailong for real estate speculation to be quite low.
Is it possible to manipulate the selling price of the iPod, an electronic product, in country h within a certain period of time?
It sounds very difficult, after all, the funds that Jin Zailong can use this time are only 20 million yuan.
But if he analyzes the current situation, Kim Jae-ryong knows that this is feasible.
First of all, what is on sale this time is the first generation iPod.
Because the fruit company underestimated the success rate of this product, the current production capacity of this epoch-making MP3 player has not been fully released.
Moreover, this product of the fruit company is mainly supplied to the market of country m, followed by Europe and Japan. Country h is not the key market of the fruit company at all.
Right now, even in Japan, this product is in short supply.
Therefore, it may not be cost-effective for Chinese people to go to Japan to buy iPods.
Once most of the iPods on the market here are concentrated in the hands of Kim Jae-yong, it shouldn't be difficult for him to raise the price appropriately.
What's more, excluding electronic products such as iPods, even in China, some bulk commodities have been hyped in the past.
What impressed Kim Jae-yong the most was the garlic, beans, and spicy seasonings. At that time, a small amount of funds controlled these commodities, and then actually affected the prices in the consumer market.
Strictly speaking, this is speculation. Although there are risks, Jin Zailong feels that the opportunities are equal.
…
In this way, An Dongbin led his former subordinates and kept scanning the goods in Hancheng City. He saw that Jin Jaelong's small office was instantly filled with iPods brought back from various specialty stores.
This continued for almost a month. One day, Jin Zailong drove out to check the situation. As expected, there were already long queues in front of major stores where iPods could be purchased.
Seeing the long queue in the specialty store, Jin Zailong showed a proud smile on his face.
However, seeing this situation, Ha Yuzhen, who had always been timid, couldn't help but remind him:
"Brother, we all bought it at the original price. Isn't it impossible to sell it when the time comes?"
"Don't worry! Our people are still rushing to queue up here! If these guys are not willing to queue up, they can only ask the scalpers for the price!"
"Scalper? But our price is 100,000 won more expensive than in the store!"
"Yes! Isn't this all the cost of queuing? If you don't want to pay this money, you can come here every day and continue queuing to try your luck and see if you can buy it!"
What Jin Zaiyong hated most in his previous life was scalpers. Although he only had the experience of selling sneakers, that experience gave him a lot of experience.
He knows that the goods are in his hands, so he should not rush to sell them, because the more he holds back, the faster the market price will rise.
In the past few days, his online store on eBay has also received inquiries from several customers, and some people even asked for offline transactions.
However, Jin Zaiyong did not agree easily. He only said that because the supply allocated to the H country market was too small, the supply of goods was tight, and it would take a while for the goods in his hands to arrive.
…
But what Jin Zailong didn't know was that at this time at the Hancheng Central Police Station, Wu Shangzhi also noticed the unusual behavior of people from the Kinmen Chamber of Commerce.
"Boss, Jin Zailong is not living well these days!"
"Oh! This is not surprising at all. This guy is very popular now. He is a double director of the Kinmen Chamber of Commerce and the Seven Stars Chamber of Commerce. Have you ever heard of someone with such a big title before?"
"No?"
"Ha, this guy used to be a little gangster with only one younger brother. Now that he has climbed to the position of director, why doesn't he recruit more troops? Look at how hard An Dongbin under him has been working hard recently! My informant before
Tell me that An Dongbin has been in contact with his former subordinates!"
"Yes! But why do those people line up in front of the Apple store every day?"
"I don't know! But you're not going to be a scalper, right?"
"Should we arrest a few people and ask them?"
"Arresting people? What's the reason? They didn't steal or rob. They queue up at the door every day to buy MP3 players. What reason do you have to lock them up!"
"Then... we just let him act like this?"
"Let's take a look first and then talk about it! This kid was arrested by me before, but he found out the real culprit who killed Xu Junyou. I heard that the murderer was the person who was around Xu Junyou before. I don't know what happened to that guy!
"
"What else can I do? I'll be thrown into the sea and fed to the fish!"
"If you have evidence, you can bring the boss of the Seven Stars Chamber of Commerce back for questioning. It's useless to talk about this. I also know that the kid is most likely feeding fish at the bottom of the sea now, but so what, he can't be found.
If we don’t have a corpse, we can’t file a case, and if we can’t find any evidence, we can’t catch the murderer for questioning. Even if we all know who the murderer is, there’s still nothing we can do!”
"Why!"
…
Kim Jae-yong didn't know that every move he made was watched by the police.
But his online store can finally open up sales!
Seeing the queue in front of the Apple store getting longer and longer, many people who couldn't wait discovered Kim Jae-yong's online store online.
So I proposed to trade offline and inspect the goods in person.
So in the next few days, Jin Zailong's business finally opened.
He would ask the other party to pay for the goods on Paypal first! Then he would ask his subordinates to go to the site with a brand new, unopened iPod to trade with the other party.
According to estimates made by some consumer electronics magazines in country h, Apple has placed new orders with foundries in China.
It is expected that new products will be launched in a few months!
And what Jin Zailong earns is in these few months of window period!
In this way, under Kim Jae-ryong's deliberate manipulation, consumers finally chose the latter when faced with the long queue in front of the specialty store every day and the price difference of 100,000 won, so the funds that Kim Jae-yong scattered finally finally
Starting to reheat.
Chapter completed!