"Five to ten percent?" Lu Feng was shocked by this commission rate.
"Mr. Lu, electronic products are particularly troublesome. Unlike clothing and daily necessities, which are relatively easy to pass through customs and security checks and are easy to sell, electronic products have different prices internationally. We offer you comprehensive services."
Mr. Li explained: "First, we need to negotiate with international buyers to promote your products. After confirming the buyers, prices, and countries, we need to conduct an assessment of the local situation, especially regarding customs. As you know, some countries' customs are extremely ruthless."
"Don't even mention us, we collect taxes from pirates passing through!"
"So, you're handling everything from customs clearance, loading, trade, and settlement at port, right?" Lu Feng thought that if that were the case, seven or eight percent would be acceptable.
With so much work to do, it's quite a chore and time-consuming task.
"That's right, we offer full-service production. You just need to focus on production, and you don't need to worry about anything else. We mainly deal in service trade, as well as some daily necessities. We sell cutlery, washbasins, flower pots, plates, and the like to Europe. To the United States, we sell protest flags, clothing, and national flags. We sell less to India, mainly chemical products, such as pharmaceutical raw materials. As you know, pharmaceutical piracy is rampant there."
"They don't use knives and forks, huh?" Lu Feng laughed.
Mr. Li laughed and said, "You can go to the company to find out. We have three large cargo ships. We've never exported electronic products before, so we need to make declarations. Our country used to import these things. So Mr. Lu is really impressive; he's already starting to export them."
President Li was subtly flattering Lu Feng.
Lu Feng smiled but didn't say anything. To him, this might have seemed like flattery, but to Lu Feng, it was perfectly normal. In fact, by the late 1990s, domestically produced low-end televisions had already become a mainstay in the international market.
In another ten years or so, 90 percent of the world's televisions will be produced in China, and with industrial upgrading, the number and quality of exported products will also increase.
To determine whether a country is developed or not, we should not look at how rich it is, but rather at what types of products it exports.
Least developed countries export natural resources such as mineral raw materials, oil, timber, and rubber, while middle-income countries export ordinary industrial products such as high-precision steel, complete home appliances, and low-end industrial machinery.
Developed countries export large-scale manufacturing operation platforms, such as gantry cranes, tunnel boring machines, automobiles, technology patents, and core electronic components.
What the US exports abroad is its damn ideology!!!
Lu Feng and President Li talked a lot, especially about the current international attitude towards domestic electronic products and the tariff policies of various countries.
For domestic products to enter the market, it's impossible to create their own brand. They have to use OEM (Original Equipment Manufacturer) labels, and during production, they only need to write "Made in China" on the label.
Once you're on someone else's turf, whoever buys it puts their sign on it!
They chatted until after 11 p.m. before Lu Feng finally left the reception room. He then spent a long time exchanging pleasantries with the others. Many people learned that Jiafeng Electronics might be interested in foreign trade, and they all introduced foreign trade agencies to him. Some of them didn't even know the companies, but they still started introducing them.
Their plan was simple: first, take this opportunity to build a closer relationship; then, offer some concessions on foreign trade to get Lu Feng to include their company in the supplier framework; and finally, find a foreign trade agent in the market to handle the matter.
Lu Feng knew these people were full of tricks, so he exchanged a few polite words, took a few business cards, and left.
When he got home, it was almost midnight. The living room light was on, and everyone was already asleep. Lu Feng took off his coat and threw it on the sofa. Suddenly, he remembered that Su Yourong was in the foreign trade business.
Although her foreign trade was the surface and smuggling was the core at that time, it did not affect her knowledge and ideas about the outside world.
Lu Feng slapped his thigh. He had been asking around everywhere, afraid of being scammed, but he had a big shot right next to him, and a very successful one at that.
He picked up the phone and called Su Yourong.
"Who is it?" The voice on the other end of the phone sounded somewhat annoyed.
"It's me, Lu Feng!"
"Didn't you say after June? What? Did you go to a fortune teller and suddenly change the date?" Su Yourong sat up, scratching her long hair, completely furious.
"Let's not talk about stocks. I just wanted to ask about your foreign trade business. I'm looking for an import/export agent, and they're asking for 5 to 10 percent. Also, is it reliable to use letters of credit? I've heard many people have been scammed," Lu Feng inquired.
“Come to Hong Kong, and I’ll talk to you about this. We can talk however you want.” Su Yourong took a pack of cigarettes from the bedside table, lit one, and asked, “Okay?”
“I want to talk about this now. I’ve already told you, after June. Didn’t I make myself clear? I can’t move Chen’s Capital by myself. They have connections all over the local area, banks, financial institutions, securities firms, etc. They can gather a lot of funds to besiege you in the short term!” Lu Feng shouted into the phone.
"You knew all this, yet you still encouraged me to jump into this pit? You didn't tell me about such a big risk beforehand. You're just taking advantage of my lack of financial knowledge. Lu Feng, let me tell you, if I'm finished, you're finished too!" Su Yourong roared.
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com
