Boss Lu: A reborn life is destined to be without regrets!
Chapter 133 - 115. Just ten minutes

Chapter 133: 115. Just ten minutes

"Mr. Lu, I’ve been thinking..."

The 20% commission rate seems unreasonable at present.

The Night Study Room wants to establish a friendship with Golden Stone Studio and maintain a long-term cooperation.

In order to show our sincerity in working together, we’ve decided to adjust the commission rate again.

In a word,

That was the main content of the phone call from Xie Yujia.

Lu Jincheng didn’t ask for too much either, he thought about what the lowest rate the other party could accept would be.

Finally, he and Xie Yujia agreed on a 25% commission rate.

In fact, with its matrix marketing and the convenience of early livestream brand promotion,

Golden Stone Studio is absolutely unique in guiding C-side fission to B-side empowerment.

A 25% commission may seem exorbitant, and it almost halves the profit margin of products in the short term, but it can generate a long-term influencer effect.

If it becomes a hot item, then all the expenses will have been worth it.

That’s why growing companies are willing to spend a lot to have influencers sell their products.

There is a famous saying in "The Godfather":

The person who sees the essence of things in one second and the person who can’t see it clearly in half a lifetime are destined to have completely different fates.

Xie Yujia is undoubtedly such a smart person.

She understands a principle:

The accumulation of wealth depends not only on how many times you make the right decisions but also on how much you bet when you do make the right decisions.

She not only responded immediately but did not even bargain over the price.

Mr. Lu says 25%, then okay, as you say.

So, 25%.

And how much one bets depends on one’s own confidence.

Confidence comes from her real understanding of a matter.

She immediately validated her previous thoughts through Golden Stone’s promotion model.

With the upgrade of internet consumption leading to changes in consumer shopping habits, it forces small and medium-sized merchants to find new ways forward.

Her strategy was correct.

On the other hand, as a small and medium-sized merchant, she also needed to use this method to quickly empower her brand.

And then gain a larger market share.

"Sister Jia Jia, 25%... Are you giving too much?"

Wang Rongyue was Xie Yujia’s right-hand man, accompanying her on a business trip.

Not only was he proficient in data analysis, but he also had deep expertise in the front end.

"Too much?"

Xie Yujia asked with a laugh.

"All this time, we have barely managed to get a 60% gross margin, and there are so many labor costs, factory expenses..."

Wang Rongyue couldn’t help but feel pained.

"Xiao Wang, but have you thought about one thing?"

Xie Yujia looked at the honest programmer, with a glint in her eyes and a gentle smile once more.

"He has such strong resources at his disposal, he could easily integrate the supply chain and do it himself."

"What will we use to compete with him then?"

...

...

Mr. Lu indeed planned to do it himself.

Before the livestream had even ended, he received profiteering concessions from the cooperating party.

Isn’t this the best affirmation of the conversion rate?

His first sales experiment went well without even having to align data with the partners, confirming great success.

Since the product tests and livestream conversion rates were all perfect,

then opening a store was a sure thing.

What is the most perfect closed loop in the future?

With the help of a more mature short video platform, integrate live streaming and merchant services to operate in sync.

By that time, the team structure of MCN studios would have undergone a huge change.

The short video team, live streaming team, and store team would work as one, each contributing to monetize the traffic.

And right now, Mr. Lu was still in the accumulating stage.

Whether it was funding or connections, he was still a bit short of the right opportunity to build his own platform.

But opening a Taobao store, with knowledgeable people to guide and reliable supply chains to connect with, posed no issue.

Because he already held the most important trump card in his hands.

"Fairy Miao, you’re amazing!"

Around University City, you could always find businesses that shone brightly all year round, and barbecue joints were definitely top of the list.

Directly opposite the South Gate of Nanhu University, a place called 98 Barbecue was packed with customers.

Charcoals glowed red hot on the tables, boxes of beer were stomped under the feet of hormone-fueled youths, while girls sat in the middle, occasionally interjecting with playful banter.

A big plate of meat skewers, still sizzling and carrying the warmth and fragrance of the stove, was quickly served.

Two men and two women were seated near the entrance.

Zhang Gaoqiang, the controller, had been called out from his dormitory, along with other members of the live streaming team, to celebrate.

There was really no choice.

It was hard for the young men and women to remain calm faced with unimaginable order numbers in the background.

Even Lu Jincheng couldn’t help being a little excited.

Let’s do the math on this.

The unit price at the night tutorial room wasn’t expensive; a pair of lower leg socks was priced at 25 yuan.

Most of the other products in the shop were also in this price range.

The factory cost was around 10 yuan, so selling a pair netted a profit of 15 yuan.

The night tutorial room managed to achieve a gross margin of 60%, or even higher.

Hence, Lu Jincheng’s Golden Stone studio got a 25% commission.

Throughout the evening, users who made purchases via the QR code in the live streaming room totaled 5,360 orders!

In terms of commission alone, they had earned over twenty thousand yuan.

Compared with Fairy Miao’s own dramatic turnover, it might seem like an average figure, right?

But this achievement translates to the live streaming team’s performance in the live room.

It took just ten minutes.

"No no no, I just said a few words, it’s our team that’s incredible!"

Mou Keyan’s cheeks were flushed; sitting closest to the glowing charcoals, it was unclear whether it was from excitement or the heat.

Achieving this result was impossible without any member of the team.

Setting aside the host Fairy Miao for now, the co-host Bai Zi’s timely camera work and coordination, and controller Zhang Gaoqiang’s undivided attention and meticulousness were invaluable.

Everyone had worked hard and sweated behind the scenes, collectively nurturing and paving the way to earn a terrifying twenty thousand in ten minutes.

Of course, a train runs fast because of its engine.

Mr. Lu’s genius commands and operations were at the core of making big money.

Mou Keyan wasn’t being modest, from zero to one, she understood this deeply.

"Come on, let’s all... let’s toast together!"

Zhang Gaoqiang, participating in a big project for the first time, was very excited, his eyes shining, and he was almost incoherent.

After this, he had passed the test and officially joined Lu Jincheng’s live streaming team.

Often, the best competitive advantage is "finding it not bothersome when others do."

Being a controller was hard work but it didn’t bother him.

This young man from Gansheng tasted the sweet flavor of money through his own hard work.

"Here’s... First to Brother Lu."

He tilted his head back and drained his glass.

"Then, to the twenty thousand earned in ten minutes!"