Two weeks have passed since Han Chudong went to New York and was threatened.
The weather in Los Angeles in April is quite hot.
The Alaskan sled dog, Orica, was taken to the pet hospital for a shave yesterday. Only the hair on the head and the tip of the tail was left, which looked a little funny.
The morning of the 11th.
Mr. Clifton Netter, a business service provider, drove all the way to find Han Chudong. They were walking the dog together. He asked, "I also saw the newly opened Rainbow Beauty Store in Boston. Did the apology statement published last time have a big impact on your company's performance?"
"It's OK. Sales haven't dropped. The goods that were released were sold quickly. The guy who targeted me didn't take any further action. Mr. Nate, you have a wide network of contacts. Remember to help me keep an eye out for news targeting my company."
Han Chudong held the leash in his hand. Recently, six more cosmetics display cabinets were opened, with a total daily turnover of up to 1.4 million US dollars. The investment has not yet been recovered, but according to the current performance, it should be able to make a profit soon. This is still the case with continuous investment in opening new stores and advertising everywhere, otherwise the invested capital has already been recovered.
It has to be said that this business is indeed very profitable. There are female customers everywhere who are willing to spend money on facial masks in order to become beautiful. The market has just been formed and the long-term benefits are considerable.
Mr. Clifton Nett nodded and said with a smile, "There are many giants in the beauty industry who are eyeing Rainbow Beauty and waiting for an opportunity. Even I have heard the news that many people are paying attention to you. I think people should have been looking for you recently to discuss cooperation or acquisition, right?"
"Well, Procter & Gamble recently gave me a quote of 46 million US dollars." Han Chudong said cheerfully. Although there was pressure from all sides and there were many troubles, the profits were also obvious.
No one wants to push him completely to their competitors, so a delicate balance is formed. Everyone is trying their best to win him over and please him. The numbers they offer keep rising, trying to get the innovative products in the field of skin care products into their own hands. They have already seen the huge hidden market from the outstanding performance of the Ex-Boyfriend series of masks.
“So how do you respond to Procter & Gamble?”
"What can I say? I told them that it was just over 40 million US dollars, which was only my company's profit for two months. I didn't intend to negotiate with them at all."
"... Very cool. To be honest, when I helped you acquire the R&D laboratory, I didn't expect it to create such huge profits in just over a quarter." Clifton Nate's tone was full of envy. He considered himself knowledgeable, but it was rare to see a young businessman like Han Chudong suddenly rise to prominence, and a Chinese at that.
What's even more frightening is that Rainbow Beauty still has amazing growth potential. As for the more than 40 million US dollars offered by Procter & Gamble, he thinks it is too little and cannot be afforded at all.
He continued to ask Han Chudong, "If I help you contact a company and ask them to pay a nine-digit amount, would you be willing to sell Rainbow Beauty to them, or let someone buy shares based on the estimated market value of 100 million to 150 million US dollars?"
"Impossible. In my heart, its value is far more than this number. If the latest financial report is released, there will definitely not be a joke of only quoting more than 40 million US dollars. They have no idea how much money I can make."
Han Chudong said decisively and refused without even thinking about it.
As a middleman specializing in serving businesses, Clifton Nett naturally wants to earn commissions by facilitating business.
As long as Han Chudong nodded, he felt that it would not be difficult to attract investors with this valuation, and added: "I see that you don't seem to have any idea of raising funds, right?"
"It's not like it, it's really not. It can bring sufficient cash flow by itself. If I'm short of money, I will just sell facial mask paper. Why should I bring others to share my profits? Recently, I am considering the feasibility of selling facial mask paper. The price is about one US dollar per piece. In this way, the price of the mask will not be too low, avoiding the impact on my ex-boyfriend series of masks.
Of course, I won’t sell it to the public in the short term. I’m customizing the production line and looking for a new factory to sell mid-range products priced at around $20. By then, I can compete with them, and part of the profits will belong to me anyway.”
This is not important news. If other colleagues can know it through Mr. Nate, it may be a good thing for Han Chudong.
In order to prevent our colleagues from resorting to force after soft tactics fail, we should at least give them some hope of participating and making the pie bigger together.
The sales plan for mid-range facial masks has always existed, but there are only a few consumers who are willing to pay nearly 40 US dollars just to buy eight facial masks, and more people have limited purchasing power.
Positioning different products according to the needs of different customer groups can maximize profits.
We originally thought it would take one or two years to cultivate the market, but now we find that a virtuous cycle has been achieved. There are many customers in the early stages, and the profits are used for advertising, which in turn attracts more customers to consume. The available advertising funds also increase, so the plan to add product lines has been brought forward.
To be honest, Han Chudong found that this business was very profitable, but even he himself was not sure how much money he could make.
Anyway, his net worth has skyrocketed since the product came out. The valuation of Rainbow Beauty alone has reached nine figures, which means that Han Chudong's net worth should exceed that of the rising star in the investment world during the same period - Warren Buffett.
The other party is 43 years old, while Han Chudong is only 20 years old. His net worth is not much different from that of Wang An, the richest Chinese in North America.
There is no wrong version in the 1619 book forum!
This development speed exceeded Han Chudong's expectations. He originally thought that he would have to wait for the further development of the IC industry and the emergence of personal computers before he could reach his current scale of wealth.
The higher the turnover, the higher the valuation of Rainbow Beauty.
Before the mask went on sale, he had never thought that making money would be so easy. The average daily sales of a single store was more than 70,000 US dollars, which was simply a hen that laid golden eggs...
Mr. Clifton Nett regretted not earning a commission, but he could still make some money by working with Han Chudong.
For example, this time, she took out a piece of paper from her pocket and handed it to Han Chudong, saying, "According to your request, I have found a list of companies with growth potential, as well as beauty research institutes. More specific information is in my car. I will help you negotiate a purchase of any company you like. Is there any problem with funding?"
"Well, I just talked to someone from Bank of America yesterday. I can get a loan of about 20 million US dollars. If I use the patent for facial mask paper as collateral for a loan, I can get an additional loan of 15 million to 20 million US dollars. I plan to borrow as much as I can. At this time, continuing to develop is the most important thing."
Han Chudong's eyes swept across the paper and saw some familiar names.
For example, French brands like YSL, Dior, Clarins, etc., have their estimated market value written next to them...