Several meetings were held in the afternoon, and Lu Feng has decided to implement the "three guarantees" policy. Only by solving consumers' worries can Weipuda truly shine.
Following this, they expanded into the end-user market. Wepuda has assembly plants of varying sizes in different cities, which gives them an advantage in terms of faster repairs compared to other manufacturers.
In the evening, the business department produced several articles. Lu Feng glanced at them, confirmed they were fine, and asked them to publish them in several local newspapers.
The following day, Jiafeng Electronics dropped a bombshell in the market: the three guarantees for products, which have always been required by national laws, but no one has been doing it.
Banners promoting the "Three Guarantees" policy were displayed in front of all of Wepuda's counters, giving them even more confidence this time.
As soon as the electronics store opened, Weipuda's sales staff were the first to rush out to attract customers. This time, they stopped talking about product quality and went straight to the three guarantees policy.
"Auntie, do other brands give you the same guarantee? We are all legitimate. If you don't want it after three days, as long as there is no man-made damage, you can take it back."
"We are a big brand..."
"If you want to exchange it for a different model within seven days, that's fine too. If there's a problem within one year, we'll send it back to the factory for repair. What brand or not? Do you think big brands guarantee quality? Come with me..."
Early in the morning, such conversations were playing out repeatedly in the three provinces. Televisions are not cheap, and everyone was worried about what would happen if they broke after they bought them.
In just one morning, preliminary data gathered from the terminal market showed that Wepuda had sold more than 5,000 units, with sales rising again, and all previously sold products were covered by a three-guarantee policy.
Other companies in the industry were stunned by these phenomenal figures. The most embarrassed was Li Quanliang, who sat at his desk and asked in disbelief, "What did you say?"
"Jiafeng Electronics just released their sales figures this morning, showing that they sold more than 5,000 units and claimed that the products sold out again, and that they will accelerate their industrial layout soon."
"It's just a warranty issue, right?" Li Quanliang said incredulously, "Impossible, absolutely impossible, this is fake data!"
"Mr. Li, based on the sales feedback from the market terminals, it seems to be true. Wepuda's sales were very good this morning, and several sales points were sold out."
"I've completely destroyed Wepda. The other day, Wepda's chairman kept begging for mercy on the phone. Its collapse was only a matter of time..."
Li Quanliang rubbed his face with his hands. These days he had been showing off, telling everyone how great he was. He wanted to be an incomparably powerful industry boss.
However, Lu Feng only made one three-way payment, which directly slapped him back to reality.
Now all companies are facing the same question: should they follow the "three guarantees" strategy or not?
Once you start following up, it means investing a significant amount of money in after-sales service, which is a very difficult thing for many companies.
Immediately afterwards, some major local newspapers published articles at noon praising Jiafeng Electronics' "three guarantees" policy, stating that Jiafeng Electronics was at the forefront of the industry in serving consumers.
Production has reached its peak. The business department went to Panda several times, but the discussions were not very suitable. The other party felt that they were an old factory. In the 1980s, Panda was a big brother on TV, but it is not so good now.
They were reduced to manufacturing for Jiafeng Electronics, which was something their pride couldn't bear.
"President Lu, they said it's not about the money. They authorized us with the technology. The original general manager has been transferred, and the current general manager is a face-conscious person."
Lu Feng laughed upon hearing this, closed the folder in front of him, and said, "I'll go talk to them."
"Then tonight?"
You decide on the location!
After giving instructions to the head of the business department, Lu Feng went to the finance department for a meeting. The company's daily turnover had reached 30 to 40 million yuan in the past few days, and the turnover for this month was expected to exceed 100 million yuan.
According to the current preliminary estimates, the promotional activities will continue until the end of the month, and the estimated net loss is around 15 million. Including the product warranty, even 20 million won't be enough to stop the loss!
As evening fell, in a private room at the Supreme Hotel, Lu Feng sat looking through the menu. Zhang Fengxia, Zhu Lidong, and the head of the business department were also there.
A few minutes later, the head of the business department knocked on the door and came in, saying, "President Lu, President Hou is here."
Lu Feng stood up and saw a bald man in his fifties walk in. He was wearing glasses, a white shirt, and suit trousers with his belt tied high. A leather bag with a pager inside was attached to his belt.
This outfit is definitely the style of a successful person, especially for someone his age. It has an absolute killer effect on women of the same age.
"Hello, Mr. Hou!" Lu Feng said, extending his hand.
The other party extended his hand and shook it, letting out a snort that seemed rather arrogant. Lu Feng didn't mind; that's how general managers of state-owned enterprises behave.
"Please sit down!"
After exchanging a few polite words, everyone took their seats. President Hou sat in the main seat, and Lu Feng sat beside him, saying, "President Hou, I think you understand why we're having this meal together today."
"That's impossible. I was very dissatisfied with the patents I previously granted you. Of course, that was something my predecessor did. I want to revitalize an old factory like Panda under my leadership, not just make it a contract manufacturer," President Hou said firmly.
"I know Panda is very successful, we just need a transition period. We've been sold out recently, haven't we?"
"Impossible! This is a matter of panda dignity!" President Hou's expression changed drastically, and he glared angrily at Lu Feng, saying, "You wouldn't understand!"
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