Volume 2 Chapter 39 Active promotion
Night fell, but chairman Rank’s manor was once again brightly lit.
There was no need to mention it, chairman Rank was currently hosting a banquet.
This banquet was held was being held in the name of Banta City’s Business Union’s president, so the guests were all representatives from the large companies of the Business Union.
But the banquet today was different from its normal noisy scene, today the banquet was much more sombre. The chairman of the various companies didn’t seem as spirited as usual, rather they all revealed worried looks that were hard to hide.
The chairman of the companies discussed in a low voice before giving a sigh and shaking their heads.
If someone had listened in on their conversations, they would have heard them mention the words “Magic Fan” quite a few times.
These days, based on the Magic Fan technology that Xu Yi had shared last year, almost all of the companies in the Banta City Business Union had invested in producing Magic Fans. In Banta City and the surrounding cities, there were several different brands of Magic Fans that appeared.
But the first batch of their brand’s Magic Fan had been on sale for half a month and all the sales of their companies’ Magic Fans were very pitiful, it could even be described as horrible.
If this kind of situation continued, their companies would suffer a large loss this time.
As for the investment in producing the Magic Fans, they would have thrown it away.
This was a large amount to these large companies, so if they didn’t receive anything back at all, of course it would greatly affect them.
So at this Business Union banquet, all the representatives of the large companies had worried faces.
“This really is a rare scene.” The only one who had a good mood at the banquet was the Amrit Chamber of Commerce’s chairman Moon Cruise.
Seeing the depressed looks of the other people, he even felt a bit of schadenfreude.
“I already said it, not everyone can play with the magic machines, so why did you all charge at it? You didn’t listen to my advice, now aren’t you all suffering losses?”
The Armani Chamber of Commerce’s chairman Samuel Vincent on the side slightly knit his brows as he said, “I say chairman Cruise, even if your Amrit Chamber of Commerce didn’t suffer a loss here, do you need to say all this? Then again, are you really willing to give up a promising business like these magic machines?”
“If I said I’m completely willing, that would be a lie.” Chairman Cruise thought about it before saying, “But so what if I’m not willing? I don’t think our Amrit Chamber of Commerce has the same strong technological base in magic machines like the Frestech Chamber of Commerce and we don’t have a genius like Xu Yi, so we should just honestly focus on developing in the construction business. I feel that our prospects in this business is getting better and if we do well, our Amrit Chamber of Commerce will become a real large company eventually.”
Chairman Vincent looked at chairman Cruise with a strange look, “Could it be that you reached an agreement with Xu Yi in secret? That’s why you’re not interested in producing Magic Fans this time?”
Chairman Cruise shook his head, “No, I don’t have any agreements with him. Rather it’s the exact opposite of what you guessed. Chairman Xu not only doesn’t have any ideas of not letting the Amrit Chamber of Commerce join the Magic Fan market, rather he asked if I was willing to join. Only I’m not a fool and won’t be fooled by him.”
Chairman Vincent’s expression was a bit ugly. The Armani Chamber of Commerce under him had also invested in producing Magic Fans, so he was one of the “fools” scolded by chairman Cruise.
Chairman Cruise didn’t even care about chairman Vincent’s expression. He pointed at everyone else at the banquet and said, “Look, there are at least thirty chairmans from the large companies of Banta City. If each company under them makes Magic Fans, that’s an average of one production line under each other them, which is a total of around thirty. As for how much money each production line costs…...I think chairman Vincent is more clear on this than me.”
Chairman Vincent nodded, “A production line came at a starting cost of eight thousand gold coins from the Frestech Chamber of Commerce, this can’t be considered expensive.”
“If it’s just one production line, of course it’s not expensive. But what about thirty of them? That is over two hundred thousand gold coins!” Chairman Cruise slightly raised his voice, “Think about it, the Frestech Chamber of Commerce has earned over two hundred thousand gold coins from selling these production lines. In terms of pure profit, I think it’s definitely over a hundred and fifty thousand, don’t you think so?”
Chairman Vincent kept nodding with a bitter smile, “Of course I believe that. The Frestech Chamber of Commerce’s things have high profit margins, but there’s no other way since these things can only be made by their company alone.”
“So that means they earned one hundred and fifty thousand on selling these production lines and if something goes wrong with these magic machines, you have to go to their Frestech Chamber of Commerce to get it fixed which also costs money. Calculating it all, the Frestech Chamber of Commerce can earn over two hundred thousand gold coins from this. How much can you earn from each Magic Fan? It should be less than one gold coin? Two hundred thousand gold coins, you have to sell a total of two hundred thousand Magic Fans to earn that much. You think this many Magic Fans can be sold in Banta City?” Chairman Cruise asked.
“It’s impossible in Banta City, but you can also sell them in different places.” Chairman Vincent wasn’t convinced by chairman Cruise, so he argued back, “Even if the people of Banta City only recognize the Frestech Brand, it isn’t like this in the other parts of the Lampuri Kingdom. As long as we sell our Magic Fans in further places, I believe we’ll be able to sell to many people. Think about it, when the Magic Fan appeared last year, Banta City’s people went crazy. The people of the other cities haven’t seen a Magic Fan before, so when we bring the Magic Fan over, they will definitely go crazy!”
“Is that so?” Chairman Cruise revealed a faint smile. He gave a sigh in his heart as he thought that Xu Yi really did predict their reactions without a single mistake.
Perhaps chairman Vincent was right. As long as the companies of the Business Union worked together, using their various channels to transport the Magic Fans to the different parts of the Lampuri Kingdom, it would definitely sell well.
But if it was like this, it would actually help Xu Yi and the Frestech Chamber of Commerce.
When Xu Yi normally chatted with chairman Cruise, his biggest hope was to let the magic machines quickly spread all over the Lampuri Kingdom, even beginning to spread on the Sines Continent. He wanted everyone to recognize and accept it, having everyone recognize these new magic machines.
Like this, the magic machine market would begin to grow and this cake would be truly big.
But the Frestech Chamber of Commerce had been established for too short and were just too weak, so they couldn’t do this now. They always hoped that the other large companies would help them advertise the magic machines.
Now for the Banta City Business Union’s companies to sell their inventoried Magic Fans, they had to push their Magic Fans to various parts of the Lampuri Kingdom. This was equal to them helping Xu Yi complete the thing that he hoped to see the most.
Thinking of this, chairman Cruise couldn’t help feeling surprised.
Last year when Xu Yi’s Frestech Chamber of Commerce had just joined, he had shared the Magic Fan production technology with the Business Union. Back then, everyone had laughed at him for being a fool.
But looking at it now, if Xu Yi had already expected this situation back then and had made this decision, then that youth who seemed harmless with a gentle and friendly smile on his face was more terrifying than everyone had imagined!
Chairman Vincent didn’t notice the changes with chairman Cruise’s expression. After a pause, he suddenly lowered his voice to ask, “Chairman Cruise, I’ve heard that the Frestech Chamber of Commerce has cooperations with your Amrit Chamber of Commerce, the Falcao Chamber of Commerce…..and that’s right, there’s also the Sarank Chamber of Commerce. They’re helping your companies research useful magic machines?”
“That’s right, what about it? Is your Armani Chamber of Commerce also interested?” Chairman Cruise asked back.