"Hmph! For his sake of getting into Beihang University, I won't argue with him!"
Wang Qingzhi snorted coldly, scrutinizing the admission letter in his hand, and grinned.
"Look at your silly face!"
Wang Shulin shook her head, also with a face full of joy.
The elderly couple felt that their son getting into Beihang University was even more exciting than earning a million yuan!
Of course, Wang Yi achieved both!
During this period, Wang Yi's focus was on the development of Meiyou.
But the side business of clearance shoes at the rural town markets was not neglected either.
In two counties, the four markets combined could sell an average of 4,500 pairs of clearance leather shoes daily.
Zheng Yun's over 22,000 pairs of clearance leather shoes were originally supposed to sell out by the 14th.
However, a heavy rain on the 14th affected sales.
The market Song Yang and Huang Cui went to on the 15th was their second time selling leather shoes, and the customer potential from the previous market had been exhausted, so the shoes sold very poorly.
Sun Rui transferred the remaining leather shoes to a new market in a neighboring county, and they were then successfully sold out.
By then, Zheng Yun's over 22,000 pairs of clearance leather shoes were all sold out.
After deducting purchase costs, sales costs, market taxes and fees, and fuel costs, a final profit of 950,000 yuan was made!
These large markets are for itinerant vendors, and to stimulate the economy, towns and townships have support policies.
Stall fees, sanitation fees, taxes, and other charges, all added up, only amount to a few yuan per market.
Taxes are not levied based on sales volume; after all, sales at these large markets are cash transactions with no invoices, making it impossible to calculate taxes.
After selling out the clearance shoes and deducting the startup capital given to Wei Ming and Song Sining, Wang Yi still had 900,000 yuan in hand!
With the clearance leather shoes sold out, on July 16th, Song Yang, Sun Rui, and their team began selling clearance clothes at the four markets in the two counties.
However, selling clothes required more hands, so Wang Yi had them find three more helpers, each earning a daily wage of 100 yuan.
This way, with two people per stall, they could sell faster!
It was summer, so they started by selling short-sleeved shirts, shorts, and skirts.
Physical stores, considering rent costs, labor costs, and unsaleable inventory costs, mostly sold items for forty or fifty yuan each.
Wang Yi directly offered four items for 100 yuan, pick any from the entire selection!
Coupled with the good quality, not the kind of junk that sells for ten yuan a piece, this price was still very competitive.
As for long skirts and pants, they would sell them after these short ones were sold out.
The advantage was that clothes didn't take up much space, so one vehicle could carry more.
Wang Yi's target was for two people to sell 600 sets, or 2,400 items, at one market to earn a 50 yuan sold-out bonus.
Sun Rui needed to deliver goods, and combined with Wu Qi, they aimed for 450 sets, or 1,800 items, per day.
Originally, Wang Yi was worried that the target was set too high and they would feel pressured.
It turned out there wasn't much pressure.
On the first day, they over-fulfilled the task, with eight people selling 2,252 sets.
After deducting various costs, it still earned Wang Yi 195,000 yuan!
Sales were even better on July 17th, with nearly 200,000 yuan in profit.
So, on July 18th, while receiving his admission letter, the funds in Wang Yi's hands also reached 1,300,000 yuan!
Such a profitable business in the rural town market naturally couldn't be stopped.
However, there was a big problem: the market capacity was limited.
At the same market, if they sold sneakers this time, next time they could sell leather shoes, and the time after that, short-sleeved shirts...
But if they sold sneakers and leather shoes again, the market potential would be exhausted, leading to unsaleable inventory.
At this pace, over 40,000 pieces of clothing could be sold for a maximum of one week.
Adding the surplus stock from Liangcai Garment Factory, they could only sell for about ten days in total.
One round of markets for short-sleeved shirts, one round for long-sleeved shirts, and the clothing potential of the two counties would be completely exhausted.
So what to do after ten days?
Wang Yi thought about it: either change products and switch to selling other categories.
Or continue to find sources for clearance shoes and clothing and sell them in other counties!
Song Yang, Sun Rui, and their team were all good, and Wang Yi wanted them to earn more, and himself to earn more too.
A business earning 200,000 yuan daily couldn't be stopped; new sources of goods had to be found!
As for Qian Bo, he was irrelevant.
On the day the admission results were released, after his date with Song Sining, Wang Yi returned home to find many people messaging him privately, calling him a "big shot" and begging to latch onto his coattails...
Wang Yi looked bewildered until he saw the group chat messages and realized it was Qian Bo who had exposed his income!
Qian Bo showed off for him, perhaps out of good intentions, but he was too eager for success and high-profile, making him unsuitable to keep around.
At most, he would just sell goods during the summer vacation and earn some hard-earned money.
There was no place for him in Wang Yi's future business blueprint!
Because of this matter, Wang Yi even reprimanded Song Yang, Huang Cui, Sun Rui, and Wu Qi!
Being high-profile in actions, high-profile in spending money, and even high-profile in losing money is acceptable, but earning money must be low-profile!
Looking at the 1,300,000 yuan in his card, Wang Yi felt it was time to look at office buildings.
Even buying one outright wouldn't be an issue.
Of course, a large floor-plate office in the core area was out of the question.
However, an old, rundown, and small office building in the Dajiaodong area was still within reach.
As for the headquarters, Wang Yi had also thought it through.
Meiyou's subsequent development towards e-commerce wouldn't require too many cutting-edge talents; on the contrary, factories were more important!
If Meiyou were located in the Imperial Capital, building garment factories there? Building various factories?
Most likely, he would have lost his mind, as the costs would be overwhelming.
But if the factories were far away, direct management would be inconvenient!
However, in Jizhou, a second-tier provincial capital city, there were 985 universities, so there was no shortage of talent.
Office building rents, salary expenses, and so on, were much lower than in the Imperial Capital, offering better value for money.
It would be both easier and cheaper to build factories or acquire garment factories there.
Moreover, with over a month left until school started and Meiyou already launched, Wang Yi couldn't just idly wait to go to the Imperial Capital to start his business.
Considering everything, for Wang Yi, who was just starting his business with limited funds, Jizhou City offered better value for money (more cost-effective)!
If an entrepreneur doesn't know how to be careful with financial planning, they are most likely better suited to working for others.
At that time, Song Sining would be in charge of Meiyou, and Wang Yi would study in the Imperial Capital, managing remotely!
Of course, if they were to develop games, phones, and other products later, requiring more high-tech talents, then the corresponding R&D headquarters would have to be located in first-tier cities like Beijing, Shanghai, Guangzhou, and Shenzhen!
Wang Yi drove his car and picked up Song Sining.
"Boss, where are we going to look at office buildings? The ones downtown are too expensive,"
Song Sining said, full of doubt.
Wang Yi smiled slightly:
"Past the Sci-Tech Innovation Park, keep heading east; it's still cheap over there now. If there's a suitable office building, we'll rent it first, and later when we have money, we'll buy it directly."
"Further east from the Sci-Tech Innovation Park? Isn't that Dajiaodong?"
Song Sining was a bit surprised:
"Boss, isn't this area too remote? It's still surrounded by cornfields, far less prosperous than downtown."
Song Sining didn't know that this area was currently cornfields, but construction for a financial center was set to begin in 2013.
A few years later, when fully completed, a cluster of over twenty 200-400 meter tall office buildings would create nearly 200,000 jobs!
It would directly become the most prosperous (and most congested) place in Jizhou City!
So prosperous that even electric bikes would get stuck in traffic!
In his previous life, Wang Yi's large flat saw its first wave of price increases thanks to the financial center, and the second wave due to the CBD!
However, these words could not be spoken under any circumstances.
Wang Yi sighed:
"I know it's remote here, with cornfields everywhere, but the rent is cheap! There's no other way; our business has just started, and we're poor!"
"Moreover, it's close to your World First University Sci-Tech Innovation Park campus, making it convenient to recruit people."
"Furthermore, this area belongs to a newly planned high-tech zone, and to attract investment, there are tax incentives! Sigh, if I had money, I'd also want to go downtown!"
Song Sining agreed profoundly:
"The boss is right, overall, this place offers the best value for money! We save on rent costs, slightly increase salaries, and won't have to worry about not being able to recruit talent!"
"Your suggestion is reliable!"
Wang Yi nodded, opened Baidu Maps, and drew a circle:
"Here, find a small office building. No need for a fancy new building; a four or five-story old, rundown office building will do."
"Okay, boss, I've noted it down."
Wang Yi remembered that the financial center started construction in 2013, so demolition would be in the second half of 2012.
And the freezing period would most likely be in the first half of 2012!
The old, rundown office buildings here must be bought this year, the sooner the better!
(End of this chapter)
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