Lu Feng was somewhat surprised to hear this, but it was not surprising after he realized that celebrities were now seen as no different from prostitutes by the wealthy, given the infamous 'golf ball' incident.
Seeing Lu Feng hesitate, Mr. Hong thought that hiring a female celebrity would be too conspicuous and could easily lead to gossip in the newspapers. He said, "It's okay. I can't say anything about Hong Kong, but here, if anyone dares to leak this, the newspaper will be shut down tomorrow. I have that kind of power."
"Yeah, how come he's so young and already henpecked?"
"But with such a beautiful wife as President Lu, he probably wouldn't be interested in someone of average looks."
"Then find Miss Hong Kong or Miss Asia, you can choose whichever you like!"
Lu Feng smiled, picked up his wine glass, waved it at the group, took a sip, and said, "I wouldn't dare to be like you bosses. I'm from the village. When I left, our village chief held my hand and said to me, 'Xiao Feng, you can't do anything reckless when you go to the big city. I've heard that women in big cities have a lot of diseases. If you get sick, you'll have money to treat it, but all the women in our village will be ruined!'"
Hahahaha!
The crowd burst into laughter. Lu Feng waved his hand repeatedly and said, "Let's talk business. I can't let down the old village chief's trust. I'm new here, so let me first offer you all a toast."
Lu Feng picked up his wine glass and drank it all in one gulp. President Hou led the applause, and the other two cheered.
Lu Feng coughed twice, picked up a piece of cold dish with his chopsticks and took a bite, then said, "Everyone, let me get straight to the point. I want to build a top-notch color TV manufacturing plant in China."
"The simplest way is to buy it!"
"The problem now is that people who are doing well in business are not selling, and even if they were, the price would be astronomical. I don't know much about this industry, so I hope you two can give me some guidance." Lu Feng looked at President Hou and President Zhang.
"That depends on what kind of factory you're in. If you're ordering from major companies and then assembling them in your factory, your patented designs mainly involve appearance design and branding, which is quite simple. I can help you with that!" said General Manager Hou.
“Mr. Lu, I think you should stick to OEM manufacturing. There’s not much cost. Just buy a factory and hire a few workers.” Mr. Zhang pondered for a while and said, “Investing ten or twenty million would allow you to produce 100,000 to 300,000 units a year.”
The advantages of this OEM model are obvious: it's fast-acting and can quickly achieve production targets. However, it has a fatal flaw: it lacks its own industrial technology, and all its products come from parts manufacturers. Any parts manufacturer can easily hold it back.
If your sales are just average, that's fine. But if you become a big brand, that's when people will start to exploit you. In twenty or thirty years, this kind of weakness will kill many companies. Lu Feng won't make that kind of mistake.
Many of these are even imported as complete units, then assembled in a domestic factory, branded, and sold. The Santana being sold right now is an example of this model.
These OEM manufacturers, which import foreign technology and then assemble the products, are commonly known as "foreign compradors"!
Lu Feng frowned slightly and said, "I still hope to have some technical strength, such as CRT technology, fluorescent screens, signal reception, *** technology, digital programming technology. Also, I'm the kind of person who either doesn't do something or does something big. Small businesses worth 20 or 30 million are out of the question."
"oh?"
The three people present became serious, looking at Lu Feng with some surprise. Any one of them was twice Lu Feng's age; they were all seasoned veterans.
"May I ask, Mr. Lu, what kind of deal would catch your eye? One hundred million?"
"The cutting-edge technologies that Mr. Lu just mentioned are all in the hands of foreign companies, and the cutting-edge technologies in China are also in the hands of state-owned enterprises. The companies that hold these technologies are living very comfortably!"
"That's right, any one of these technologies can make you money while lying down. But I'd like to ask Mr. Lu, how big of a business are you doing?"
Lu Feng looked at the three men grinning like foxes, picked up his chopsticks and ate his food, then said, "You three may have only heard of me and don't know much about me. I'm not very capable, but I've gone from being penniless to where I am today in just over a year. If we're going to play, let's play big!"
"How big? From one hundred million to ten billion?"
“The initial investment is estimated at 100 million yuan, and the subsequent investment will be no less than 1 billion yuan. My calculation is that there will be a wedding boom in the next one to two years, followed by a baby boom. What do people need for a wedding? A TV, a color TV! If there is no color TV, the mother-in-law will definitely be unhappy!” Lu Feng slammed the table and said, “In the next two years, the color TV market will experience unprecedented prosperity. The entire market is expected to be around 100 billion yuan, and I want to take one-tenth of it, or even more.”
"Awesome!" Boss Hong gave a thumbs up.
“A hero emerges from among the young! Let me pour you a drink.” President Hou picked up his glass and poured a drink for Lu Feng, then asked, “President Lu, you must discuss this kind of big deal with us. We’re familiar with electronics matters, and we can handle it for you, whether it’s on this side or the other side.”
Lu Feng raised his glass and clinked it with everyone's, saying, "This kind of business is a sure thing. Since we've all met, it must be fate. I'll give you a chance: each of you invest 20 million, and I'll give you original shares."
"puff!!!"
They all spat out the wine they had drunk.
“Mr. Lu, what I mean is, if you want to buy a factory, get to know the technical team and manufacturers, we can help you, including the overall import process. That’s what we do,” Mr. Hou explained.
“They’re in the electronics business, so they’re very knowledgeable about this,” Mr. Hong nodded. “That’s why I introduced them to you.”
"We're all brothers, this drink was so good, it felt like we'd known each other for ages. Mr. Lu is truly a young hero, with the hearty spirit of a northern man," Mr. Zhang praised.
"My idea is very simple. Since we are all familiar with each other, let's make money together. I am happy to share with my friends."
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