Fu Guangzheng returned to Hong Kong and followed Feng Yu's instructions to prepare the overseas sales team for Wind and Rain VCD players. He also contacted Hong Kong's film and music companies to purchase the movie and music rights.
When Fu Rongjing knew about this, he immediately went to look for Fu Guangzheng and scolded him.
"Who taught you this? The prototype is not even out yet, and you are setting up a sales team? Isn't this a waste of manpower? What is this team doing now? Contact the distributors? You think the company's sales cost is too low? Don't those people need to be paid? "
"Dad, this is Feng Yu's instructions. He wants this product to be introduced to the market the moment it is released. He wants to quickly capture the market share." Fu Guangzheng explained.
"What does Feng Yu know? The product is not even out yet. What's the rush? Do you think it is so easy to sell a product? Immediately disband the team and stop the company from hiring! "
"Dad, I am the biggest shareholder and legal representative of this company!" Fu Guangzheng said.
Fu Rongjing was furious: "What did you say? Who are you talking to? Say it again! "
If Fu Rongjing had not transferred his shares to Fu Guangzheng, how could he become the biggest shareholder? If Fu Rongjing had not gone to Fu Rongqi to discuss with him, how could Fu Guangzheng become the legal representative of this company?
Now, Fu Guangzheng does not even listen to him and only talks about Feng Yu and Feng Yu. He does not even know how close he is to him! What's wrong? This bastard wants to split from the family?!
"Dad, calm down. This sales team is paid by Wind & Rain Electronics. We do not need to pay them a single cent. Also, these people are still our company's employees. Let them familiarize themselves with the business first and do market research. These people are also trained by our company. "Fu Guangzheng explained.
"Huh? Wind & Rain Electronics is paying for this? You are doing well. But do you need so many people to do market research? Also, why are you asking people from the company to contact some music and film companies? Do you still want to sell video cassettes? "
When Fu Rongjing heard that he was not paying for this, he felt better. My son takes after me in this regard. He knows how to use other people's money to do things for himself.
When Fu Rongjing knew that Fu Guangzheng had cooperated with Feng Yu to invest in Wind & Rain Electronics, he was furious. What's so great about Hua Xia's consumer electronics that is worth investing in? If Fu Guangzheng were to invest in AIWA, Fu Rongjing would surely support him. But what was this Wind & Rain Electronics producing? VCD？ Never heard of it!
What angered Fu Rongjing the most was that Fu Guangzheng had never heard of this product before. He had spent 5 million USD to invest in this company, but he only owns 10% of the shares!
Now, Fu Guangzheng was making lots of money, but 5 million USD was not a small amount. That's tens of millions of HKD. With tens of millions of HKD, what can't I invest in? Even if they follow Fu Rongqi to speculate in Yen, they can still make lots of money.
He also knew that every investment Feng Yu made money miraculously. But for his other products, they also know about them. Who knows about this VCD player? What an epoch-making product. The slogan was quite resounding. Even the humidifiers and bladeless fans were not considered epoch-making products. How could this VCD player be more profitable than the humidifiers?
It's fine if you are making this VCD player. After all, it is still considered an electrical appliance. But you are only selling electrical appliances. Why are you buying movies and music rights? Can you compete with those movie and music companies? Don't you know how conservative the Chinese market is? How many Hong Kong's music and movies are allowed to enter the Chinese market?
"Dad, the product we are producing this time is called VCD. It is a product that compresses images and sounds onto a CD. Look, in the market now, there are two types of videos. One is the traditional video cassette, and the other is LD (Laserdisc, similar in size to vinyl records). The video cassette is not too expensive, but LD costs nearly 100 USD per copy! The first type of sound is the cassette, and the other is the CD. "
"We now have a kind of image compression technology. We can compress images and use these two discs to store a 100 minutes movie! The cost is less than 10% of the laserdisc, and this is only the laboratory's estimate. When we start production, the cost will be much lower. Do you think there will be a big market for this? "
Fu Rongjing asked: "That's why you are buying the movie and music rights to introduce this VCD?"
"That's right. We are producing this VCD player, and we must let our customers have access to it. That's why we must have movies and music VCDs to sell, and the profits will not be low. "
"You are only thinking about the profits. Even if the VCD you are producing costs 10% of the laserdisc, it will still be more expensive than the video cassette. I have video cassette players and video cassette players. Why should I buy this product? "
Feng Yu and the rest had discussed this issue, and Feng Yu asked: "Many people have electric fans, and they are selling them for less than 10 USD. Why are they spending a few hundred USD to buy our bladeless fans?"
Fu Guangzheng replied: "Bladeless fans represent high tech, and our products are more aesthetically pleasing, healthier, quieter, easier to clean, etc. Although the price is high, it is still cheaper than air conditioners. Different products have different consumer groups. "
Feng Yu also told him: "This VCD is the same. Although it is more expensive than video cassette players, it is cheaper than laserdisc players. The VCD is also cheaper than laserdisc players. The laserdisc is introduced into the market because of its higher definition. Japanese companies had made a lot of money from this. Don't we have a laserdisc player at home? Our VCD has a higher definition than video cassette players, and it is almost the same as laserdisc players. Furthermore, we will not only introduce movies, we will also introduce music VCDs. This will be a revolution for Karaoke! "
Karaoke was also invented by the Japanese, and it was popular all over the world. But currently, Karaoke only had music and there were no pictures or lyrics. It was a test of one's singing skills.
In the future, after VCD was introduced, most of the VCDs were bought by Karaoke parlors. This allowed many people who could not sing a complete song to sing to their heart's content.
Feng Yu had successfully convinced Fu Guangzheng. He firmly believed that once this VCD was introduced into the market, as long as there were movies and songs, it will be popular all over the world. It will be another masterpiece of the Wind and Rain brand!
After listening to Fu Guangzheng's explanation, Fu Rongjing lowered his head and thought for a while. He also felt that what Feng Yu said made sense. With the right marketing, the sales of this VCD would not be a problem. The profits might even exceed the humidifiers and bladeless fans.
"Guangzheng, you have done a good job. Work hard and don't disappoint your father. What your father said to you just now is to encourage you. "Fu Rongjing patted Fu Guangzheng's shoulders and laughed.
Fu Guangzheng: "… …" You almost hit me just now, and that is called encouragement?
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