Chapter 166: Chapter 141 Following Mr. Cheng_2 Chapter 166: Chapter 141 Following Mr. Cheng_2 After the car arrived at the dining place, everyone didn’t start discussing business right away but waited until they were halfway through the al to begin the conversation.
Cheng Zhu had previously sent Chen Bin the details of the cooperation model via WeChat. He hadn’t specified exactly how much money he would invest, only ntioning that it would be between 1.5 to 2 million.
Honestly, the terms he offered couldn’t be considered superior, but they were not particularly harsh either.
He wasn’t the type to eat the at and not even share the soup with others.
Many people who have run factories know that although you get stable orders from many large companies, the profits are very thin.
And because they order in large quantities, you’re basically rushing to produce just for that one company.
Over ti, the dependency grows strong, and without that client, the factory is as good as half-dead.
In such cases, factories are directly squeezed, and profits tend to get thinner year by year.
Chen Bin had done so calculations and figured that with the current production capacity of the factory, there was no need to expand as they could et Persistent Visit’s demand.
Once Cheng Zhu beca a shareholder of the factory, even Chen Bin’s share of the profits from the goods ant for Persistent Visit would decrease.
Furthermore, whether or not exporting could be successfully established was also an unknown factor.
The main issue was about who would have the final say in the factory.
Right now, Chen Bin was the sole decision-maker for the factory.
But if he really went into partnership as Cheng Zhu suggested, he would indeed be boarding Cheng Zhu’s “pirate ship” and would be mixing up with him all the way.
In Guan Yun County, he had heard that several large factories were indeed trying to start exporting.
But whether this was worthwhile wasn’t clear yet.
During the conversation, Cheng Zhu went into much more detail than in their WeChat chats.
So things, Chen Bin still didn’t quite understand.
In the end, it was Qian Min who explained things on the side.
This prompted Cheng Zhu to ask with a smile, “What did you study?”
“Law.” Qian Min replied straightforwardly.
Chen Bin: “…”
Didn’t I tell you to listen more and talk less on the way here? Why are you suddenly so eager to show off?
I could ask you again later if I don’t understand; why the hell are you babbling on now!
They say a sister-in-law is half a brother-in-law’s problem, and as a middle-aged Ah Bin, I certainly don’t harbor such bad thoughts like the young Ah Bin, but why do I feel like you’ve only t him once and you’re already throwing your whole self at him?
Snap out of it, for heaven’s sake. You’re going to be a lawyer; how can you be so easily swayed by a handso man!
Chen Bin glanced nervously at Cheng Zhu, not feeling that the other party was a naive college student. He was afraid that Cheng Zhu would mind that he had brought his law-studying sister-in-law along to listen in.
Cheng Zhu didn’t mind at all; on the contrary, he himself was a bit vague about so legal definitions and even started consulting Qian Min on the spot, saving himself a lawyer’s fee.
In his view, all businessn are shrewd. It’s just that so are openly shrewd, and so are surreptitiously shrewd.
When talking about future plans for the factory, Cheng Zhu said, “First, we need to rent a bigger factory. The current one is too small; we need at least three tis the space.”
This statent really shocked Chen Bin.
“Mr. Cheng, the current scale of the factory could still accommodate many more machines; there’s definitely enough space.”
But Cheng Zhu waved his hand dismissively, “How could there be enough space? We’re going wholesale for exports, not doing the sa as we do now with online retail.”
“My plan is to invest 1.5 million this year, and there will definitely be more to follow next year. Instead of moving around then, we might as well rent a bigger factory right away.”
“Oh, and rember to sign a multi-year lease in one go.”
He wasn’t sure about the rental market for factory buildings in Guan Yun County, but he rembered that when he did business in Wu City, rents were almost always rising each year.
Once he has more spare cash, he would certainly buy a factory outright. He was more familiar with Wu City, so he would give priority to choosing there.
You spend a million or so now on a factory in Wu City, and in a few years, you could be earning several million a year in rent, it’s incredible!
All the plush toys in his Youu Co to Play were sourced from Wu City’s Shangrong Workshop.
In his past life, he was well acquainted with the owner of that company. During a tea chat, the owner told him that his biggest regret was not investing in land when the governnt was setting up a toy park. He had thought the location was too remote and inconvenient, so he didn’t put in the money.
If he had invested eight or nine hundred million then, by 2023, he would have been raking in four or five hundred million a year in rental inco!
Cheng Zhu was well aware that as ti goes on, it will beco more difficult to get land from the governnt for building factories.
The tax requirents for each acre would also be very high.
With this thought, he suddenly rembered that Guan Yun County, as the later “World Capital of Undergarnts,” would receive greater and greater support from the governnt for the underwear industry year after year.
By then, there would be much room to maneuver.
Guan Yun County would go all out to create “Clothing Town,” and it would be best to beco the underwear leader there before that happens!
Chen Bin looked at the young man in front of him, sensing the terrifying ambition emanating from him.
Tripling the size of the factory would an that its scale would be one of the largest in the entire Guan Yun County.
Thinking of the day when he might control the operations of a factory of such scale made Chen Bin’s blood race, and his own ambition was kindled.
And although Cheng Zhu spoke circumspectly, his ssage was clear: he was betting that Guan Yun County’s governnt would definitely increase its support for the underwear industry!
This reminded Chen Bin of a story that was circulated among the locals.
“Speaking of which, everyone used to be quite secretive about making underwear, always telling outsiders they were in the clothing business,” Chen Bin said with a laugh.
“The deputy mayor of East Wangji Town in Guan Yun County didn’t even know until before 2011 that our town had contracted a large portion of the dostic underwear market.”
“It was actually the head of the postal service who told him: ‘You have a large volu of underwear shipnts!'”
“Now things are a bit better. By 2014, everyone stopped hiding what they were doing. Since more people are doing it, they no longer care about the finger-pointing because everyone has joined in.”
Through the course of a al, Chen Bin felt that Cheng Zhu had painted him a grand vision, stirring his heart with excitent.
Could the future really be like this?
Truly moving from secretly doing business to now being openly supported by the governnt?
Cheng Zhu looked at him and said with a smile, “This is just the beginning. If we really do well, even official dia will co to interview us. Do you believe that?”
Looking at his carefree expression, Chen Bin inexplicably believed him.
It seed as if his life had taken a drastic turn since eting this young man.
But if they were to collaborate, Cheng Zhu wanted to be in control. It ant Chen Bin now had to decide whether to follow this young man’s lead!
Cheng Zhu believed Chen Bin was soone willing to try new models.
What brought them together if not Chen Bin’s interest in helping with “one-piece dropshipping,” sothing other factories were unwilling to do, and his ready agreent because he found the model interesting?
Moreover, from the past few shipnts, Cheng Zhu could tell that Chen Bin was willing to take risks and had the drive. After all, the pressure of stockpiling inventory was on Chen Bin.
Chen Bin picked up his half-finished glass of alcohol and downed it in one go.
The strong liquor scorched his throat and his features twisted slightly. He involuntarily swallowed, but his tone was one of throwing caution to the wind, “Mr. Cheng, from now on… please take good care of !”
Cheng Zhu nodded with a smile, pouring more alcohol for Chen Bin and topping up his own glass a bit.
“Congratulations on making a wise life choice,” he thought to himself.
“Being able to join my campaign so early on is your good fortune.”
“Just watch, middle-aged Ah Bin. In the future, you’ve got boundless wealth waiting for you.”
…
(P.S.: First release, 4000 words, ask for a monthly pass!)
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