Li Jinfeng knew that there was a backlog of cotton cloth and that a promotion was going to be held.
She told Shen Yulan the truth: "Aunt, I'm not hiding it from you. I heard about this, so I called you."
"Looking for me?"
"Yes!" Li Jinfeng nodded, "Actually, I want to discuss a business deal with you... no, with a few textile factories.
The market price of those overstocked white cotton cloths is 1.2 yuan, so they don't require cloth coupons, right?"
"Yes!" Shen Yulan nodded affirmatively.
They supply cloth to all the supply and marketing cooperatives in the province.
The prices are the same, but the quality is different.
Because of the machines and workers, large factories usually produce cotton cloth of better quality. The quality of small factories is slightly lower, but not too bad. If it is too bad, it will be a defective product and will be disposed of before it is sent to the supply and marketing cooperatives!
"Aunt, I want to buy some of the white cotton cloth that is piled up in various textile factories and then resell it!" said Li Jinfeng.
"That's feasible, but you'll lose money! White cotton is completely unpopular on the market. Blue and red cotton are better, but their sales can't compare to the popular Dacron."
Li Jinfeng: "It's not like I'm losing money. No one's buying white cotton fabric on the market because the style is too bland. I plan to send it to a printing and dyeing factory to have it re-dyed and re-printed. It'll cost a fortune, but after it's remade, I guarantee it'll be sold out at three yuan a meter!"
Li Jinfeng originally earned 150,000 yuan by selling radios.
She has never used this 150,000 yuan, and this time, she plans to invest all of it.
Fifteen thousand, if you just go by the market price, you can get 120,000 meters of cloth.
After deducting the cost of dyeing and printing, she would have made at least double the money.
Shen Yulan didn't say anything at first. She was trying to digest what Li Jinfeng said.
After a long time, Shen Yulan said: "You have helped our textile factories. If you want to do this business, I will help you negotiate.
We're having a meeting right now to discuss how to sell this inventory. Also, I'll ask if you can lower the price a bit!"
In fact, one dollar and twenty cents is already the lowest price.
Cotton cloth at 70 cents per foot is considered relatively normal.
However, there is little demand in the market and no one is buying, which means there is no way to make a profit.
The workers are all waiting for this money to be paid for their wages and bonuses, and it is not a good idea to keep delaying it.
If Li Jinfeng bought a lot, Shen Yulan felt that she could still bargain, even if it was just five cents, and it would add up to a lot and save a lot of money.
Moreover, Li Jinfeng's action really helped so many textile factories.
"Then I'll trouble you, auntie!" said Li Jinfeng.
"It's no trouble. I'm so happy! I'm at my age now and I'm about to retire. I thought I'd just live a mediocre life.
Now it seems that I did a good thing before retiring!"
"But there is another question. After you print and dye this cotton cloth, will you still collect cloth coupons? Will you lose money?" What Shen Yulan was most worried about was that Li Jinfeng would suffer a loss.
“No cloth coupons!”
If Li Jinfeng remembered correctly, cloth coupons would be cancelled in December next year.
Even now, many cotton mills no longer accept cloth coupons as a promotion to stimulate consumption.
She just took advantage of this opportunity to make a fortune.
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