So Yang Jing started talking to Lu Yafei and the other two about Third Brother's operating model. She also explained some of the tricky parts to them.
Avoid the pitfalls; otherwise, someone might plunge headlong into them and lose everything!
That's too small a Wenzhou business team.
They'll go anywhere as long as there's profit. One group consists of Wenzhou merchants, and the other of Fujian merchants; these people have built countless teams overseas.
They all established investment projects overseas in the name of the chamber of commerce.
Join forces for mutual benefit.
Sometimes when you encounter difficulties overseas, you might find yourself connected with fellow Wenzhou businessmen from the same hometown association. In such cases, contacting the association can be more effective than contacting government officials.
These guys are incredibly shrewd; they've been through all sorts of trouble before.
The tricks that Third Brother knows to cheat people were probably learned from this group of people.
The idea that "Chinese people don't lie to each other" originated from them.
This one sentence has misled so many people!
People were so honest back then, even the wallet factory made up a joke about it, and it sold like hotcakes!
The Wenzhou merchants' shoes lost out because they were cheap; if they had used more materials, they wouldn't have ended up selling to the Fujian merchants.
The remaining task was for Yang Jing, Lu Yafei, and the other two to discuss the detailed terms.
Xing Baohua didn't say a word. He was just thinking about something; since a professionally ripping-off team had gone over there...
No, it's the business elite team that went there. Should we give the Indian side some learning experience?
Xing Baohua was considering a new type of small business structure. They talked until evening, when it was almost dinner time, and the other party wanted to invite Xing Baohua and Minister Yang to dinner.
They continued talking while eating.
Many aspects of Chinese culture begin at the dinner table, with contracts being signed once the alcohol wears off.
At the city hotel, Wei Laisong couldn't make an appearance this time, and Xing Baohua also had a long-term private room there, but as he traveled all over the world, he stayed there less and less. The city hotel didn't dare cancel his room reservation, nor did they ask him for any money.
During dinner, Xing Baohua said that the drinks tonight should be just a token amount, and that people shouldn't drink too much, because there were some things he wanted to say.
I spent the whole afternoon thinking of a strategy to explain to these elites in a way that they would understand immediately.
Xing Baohua used a massive pig-butchering scam to make Lu Yafei and her friends rich quickly.
In Xing Baohua's words, his method never cheats the poor.
Xing Baohua's tactic might be a good thing if used on other countries, but it would be subject to restrictions. However, when used on India, it would produce miraculous and powerful results.
Because they cheat both the rich and the poor.
Xing Baohua's approach was somewhat better; at least it didn't prey on the poor. Because the poor can't afford to play that game.
“When you go, don’t let your own people show up. Hire a local professional manager, and ideally, all the employees should be their own people as well,” Xing Baohua said while eating.
"I've heard that the people over there are incredibly greedy; letting them run all the operations is quite risky!" said the man surnamed Song.
"It's okay to be a little greedy; greed is what motivates you. You can't catch a wolf without risking your cub. When you recover funds, be sure to transfer them out promptly to ensure the safety of your funds," Xing Baohua said.
Seeing everyone nod, he continued, "Third Brother's distributors don't usually last long. You'll only be here for two or three years before they kick you out. You can control the supply and continue by changing to a second-tier distributor."
Seeing that everyone was listening attentively, he continued, "My model works for all levels of agents, from second to fifth level."
"What are levels two, three, four, and five?" asked the Wenzhou businessman surnamed Zhang.
"It's similar to the provincial, municipal, and county-level agencies here. They also have things like 'states, prefectures,' etc., which are easy to compare. The names are different, but the same principle applies to agency levels," Xing Baohua said.
Seeing that everyone understood, Xing Baohua continued, "First, send people to run the business. We need to have complete control over every level of agents. Then, we will establish a financial company."
"The legal representative of this financial company should ideally be a local black man, and definitely not one of our own people. This company is just a scapegoat."
After saying this, Xing Baohua asked everyone, "Have you ever heard of Ponzi schemes?"
Seeing that everyone was shaking their heads, Xing Baohua spent some time explaining the Ponzi scheme system to them. He said his plan was an improved version, a super version.
Next, I'll explain the strategy: using a points system instead of electronic currency to conduct a Ponzi scheme.
If everything is connected to the internet, there's no need for such a complicated points system; we can just use electronic currency—it's so much simpler.
The internet connection in the Indian region is, for now, just so-so.
Using the most formal and legitimate points system to promote a pyramid scheme concept, just like a savings account, where accumulated or used points are printed on a booklet similar to a savings account.
This passbook-like document must be of high quality and exquisite, giving it a sophisticated and high-end feel to increase trust.
For example, if a primary distributor purchases 100 machines, they will receive the same number of points, which can be redeemed for goods without spending any money.
Similarly, second, third, and fourth-level distributors can also receive points after making payment when purchasing goods from first-level distributors.
When these points are redeemed for goods, both the merchant and the consumer receive the points.
Points can be redeemed for items, functioning similarly to currency. It's just a different name, but it serves the same purpose as currency.
The return of points is a disguised form of cash-out; it is not given all at once, but in installments over a period of time.
For example, if you buy a mobile phone worth 100 yuan, you can exchange it for 100 yuan worth of points. As long as you have 100 points, you can use those 100 points to redeem a 100-yuan mobile phone without spending a single penny.
It sounds good, but you need points to get them. You can only get them by purchasing goods with real money, and you must redeem them at stores that support points.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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