1205: New Idea

New Idea

"Some time ago, I read a piece of news. It said that pomelos were very popular and sold very well in the market last year. Thus, the farmers realized there were prospects in planting pomelos, so fruit farmers all over the country began to grow pomelos. With everyone planting pomelos, pomelos were suddenly very unmarketable.1

"There was a village where everyone in the village grew pomelos. Eventually, none of their pomelos were sold. When the pomelos were ripe, they had to plant the fruits and vegetables for the next season. Without another choice, the villagers could only pile the pomelos on the village's basketball court. Directly, this led to pomelos piling up in every shared facility in the village. Within a radius of two acres, the piled pomelos reached up to 20 meters high. No one bought any of them even if they cost only 20 cents each. The pomelos at the bottom were all rotten, and no one dealt with them. The entire shared space became a rotting junkyard."

The CEO, Luo Cheng, asked, "Chairman, are you saying that we have to interact with these fruit farmers in the future and get our hands on some first-hand products? However, we are a large corporation, and we're limited in both manpower and resources. These unsellable fruits are usually found in remote areas. After contacting them, we still have to arrange our own transportation to transport the goods. Adding these into our cost, we might as well go to a second-hand wholesale agent to get the goods. These agents have been working with the company for years and are trustworthy. Secondly, they've always been fair with their prices. For us to spend so much time looking for these fruit farmers, we might as well spend more time looking for our next piece of empty land and strive to get our hands on it."

Leng Qirui shook his head. "Everyone knows that EQ Company has achieved massive success in the market with their cryptocurrency. If they can gain people's attention by letting them exchange virtual goods with the company's virtual currency, think about what we can do. What if we let people use real money to exchange for real items through our online platforms?

"Let's use the fruit farmers from that village as an example. If they sign up as a member on our company's online platform, they can set up their virtual shop there. They can put up pictures of the fruits in their village and then label the prices properly. Will there be anyone who can resist buying pomelo that costs 20 cents each? After all, the pomelo we eat outside costs around several dozen bucks each!"

Everyone in the middle and upper management, "..."

One look and they could tell that Leng Qirui was someone who had never suffered before! How could a pomelo cost several dozen bucks? He must have gotten cheated, right?

However…

His method sounded really feasible too!

"The pomelo is just an idea that suddenly occurred to me after I read the news. It's only one potential aspect. Think about it. If most of the businesses in Camino registered themselves on our platform, and most of the people buy things from our platform, not only will everyone get to buy items at a cheap price, but we can also hire people whose job was to deliver those items to their doorsteps. I reckon that we don't need to invest a large amount of money into marketing before everyone starts spreading the good news. Soon enough, countless people will sign up as members on our platform and shop from there."

"Chairman, personally, I think that your suggestion is very refreshing and very good too, but… as you know, be it fruit farmers or manufacturers, they're the ones who produce the goods. They normally sell to wholesalers. It might be difficult for them to sell their products to their customers one by one."

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