After leaving the Dongning Manufacturing Bureau, Li Xin returned to the Prince Xin's residence.

It was getting dark. I had just returned to my study, opened the memo app and checked the box next to "Steam Engine" when I was about to continue searching for new products in the smart technology section. There was a knock at the door.

"Your Highness, you haven't rested yet, have you?"

That's He Tongyuan's voice.

Li Xin was slightly taken aback. What do you want to see me about so late?

Li Xin closed the memo and put it aside, then said, "Aren't you asleep? Come in and talk if you need anything."

"Yes, Your Highness!"

He Tongyuan pushed open the door and walked in.

After bowing to Li Xin, He Tongyuan said, "Your Highness, after meeting you on the street today, I came back and drafted a simple plan."

I'm not sure if this is the right way to handle it.

"Your Highness, would you like to take a look first?"

As he spoke, He Tongyuan handed a document to Li Xin.

"plan?"

Li Xin took the document with some skepticism, opened it, and was instantly stunned.

On the first page of the document, the words "Proposal for Auction of Exclusive Rights" were prominently displayed.

Exclusive rights?

auction?

What are we supposed to do?

Li Xin opened the document, glanced at it briefly, and was instantly stunned.

It turns out that He Tongyuan planned to auction off the exclusive sales rights of products such as soap, spirits, glass mirrors, and cement in places like Arabia, Persia, and India to merchants in those regions.

How come I didn't know about this?

"He Tongyuan, do merchants from Arabia, Persia, India, and other countries want these exclusive sales rights?"

Li Xin asked the question.

"Yes, Your Highness!"

He Tongyuan nodded and said, "Since the beginning of spring, merchants from Arabia, Persia, India, Southeast Asia, and even from places like Mogadishu and Malindo have come to Dongning."

They've come all this way for one purpose only: to purchase goods from Dongning. These merchants hope to buy products such as soap, perfume, cement, glass mirrors, and cotton cloth from Dongning.

In recent years, a large portion of the products we shipped to Southeast Asia have ended up in those places.

These businessmen are all just trying to make money from it!

"I see."

Li Xin nodded slowly, but then he held up the document in his hand and said, "Is it for auction?"

"Your Highness,"

He Tongyuan explained, "There are simply too many merchants from all over the country. If we sold all of them, we probably wouldn't have enough products."

The reason I am meeting with Your Highness today is for this very matter.

After some thought, I decided to allocate the sales rights for different products in different regions to different merchants, who would then compete for the exclusive sales rights.

In this way, we were able to distribute the goods.

While we reap high profits from this, we can also earn a substantial auction fee for the exclusive rights.

A win-win situation!

"oh?"

Li Xin was stunned.

Who would have thought that He Tongyuan was such a business genius!

He opened the document, read it carefully, and was genuinely surprised.

He Tongyuan's idea was simple: to separate products like soaps and bar soaps.

In the United States, the exclusive rights to sell soap and cement are auctioned separately.

Exclusive rights, valid for three years.

Highest bidder wins!

A well-established business can even compete for exclusive rights to sell multiple products or products in multiple regions.

With so many countries in Southeast Asia and the West, we can divide them into different regions!

That's a really good idea!

Li Xin couldn't help but give a thumbs up and said with a smile, "He Tongyuan, your idea is excellent!"

If this auction of the exclusive rights is successful, Dongning will have a huge amount of revenue!

"hey-hey."

He Tongyuan gave an awkward smile and asked, "Your Highness, do you think there's anything that needs to be added to this plan?"

"There's nothing more to add regarding the auction; it was handled very well!"

Li Xin nodded and continued, "However, some conditions need to be set for the transaction."

In Dongning, we are still facing a severe food shortage!

Therefore, we should try to trade these goods through barter as much as possible.

They used grains such as rice and wheat to exchange for goods.

In this way, we can save some transportation capacity and do other things.

"Your Highness,"

He Tongyuan's eyes lit up, and he said, "You're planning to have these foreign merchants help us transport grain?"

"Yes,"

Li Xin nodded and said, "It just so happens that they are also coming from various parts of Southeast Asia, so it's just a small favor to transport some grain along the way."

In addition, we can also participate in the production of materials that Dongning is in short supply, such as cotton.

For the specific goods, you will prepare a document.

"I understand, I understand."

He Tongyuan nodded in agreement.

"in addition,"

Li Xin continued, "We also need to set two other conditions."

First, collusion and cooperation between different merchants in different regions to buy and sell goods are prohibited. Upon discovery, the exclusive sales rights of both merchants will be immediately revoked.

Second, these merchants are prohibited from trading with other merchants of the Great Gan Kingdom, except those from our Xinwangfu.

All forces hostile to our Prince Xin's Mansion are prohibited from engaging in trade.

When sailing in the waters near Dagang Kingdom, be sure to fly the flag of Prince Xin's Palace.

Meanwhile, our Dongning Navy will also conduct inspections at sea, and if any such incidents are discovered, they will be dealt with seriously!

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!