No. 188, Jin Ling West Road.
Jin Sheng Yuan Jewelry Store
This was the name of Chen Jin's jewelry store.
He did not come up with the name himself. He was inept at naming things. After some discussion, He Li helped him come up with the name.
Chiu Wan-Ting's renovation work was carried out very quickly. After all, the store used to be a jewelry store. There were ready-made facilities available.
She also saw that Chen Jin was in a hurry to open for business. The renovation work had to be done within half a month, so she planned to make minor repairs. The overall layout of the store remained the same. Part of the counter was replaced, the floor tiles were redone, the walls were repainted. The chandelier did not need to be replaced, it just needed to be cleaned up.
Finally, she installed the plaque that was being customized at the factory.
The renovation work would definitely be completed within half a month.
The renovation cost would be around $200,000 at most.
It could be said to save money and time.
Chen Jin was very satisfied and felt that it was very effective.
However, he did not know that Chiu Wan-Ting's real intention was to help him save money. The young boss valued and trusted her so much. She also knew that the store's annual rent was close to $5 million. The remaining profit margin was very small. If she did not think of a way to help him save money, the store would not last long. The young boss's first venture had failed and he had to pay a high tuition fee.
So, she would try to save money wherever she could.
In addition, the jewelry store would officially open at the end of this month or the beginning of next month, but they had not yet agreed on the source of goods. How could they open at the end of the month without any goods in the store?
So, she had to discuss with the boss about the source of goods. She told him to confirm the source in advance. Otherwise, there would not be enough time.
She called the young boss over and the two of them discussed this issue.
In the office on the third floor.
"Boss, do you have a source of goods for jewelry? Have you negotiated with the jewelry factories and signed the supply contracts? "
"Purchase goods? Cooperation? "
Chen Jin was a little confused by the question. He shook his head. "No, I haven't done these things." He had been so busy recently that he did not have time to do this.
"You have to negotiate quickly. Boss, if the goods are not enough, we will not be able to open this month. Maybe even next month," Chiu Wan-Ting said.
"I don't know much about this."
Chen Jin shook his head. To be honest, he knew nothing about the jewelry industry. He knew nothing about sourcing goods, cooperating with the jewelry factories, and the market.
She could only say, "Auntie Chiu, how about this? I'll give you the money, and you go to the jewelry factory to discuss the purchase channel. How about I leave this matter to you?"
He planned to leave everything to the professionals and be a hands-off boss.
"I'll talk to you about the sourcing channels?"
Chiu Wan-Ting was taken aback. How could the boss entrust such an important matter to her?
How could the boss trust her so much when it involved goods worth millions?
She was touched and amused at the same time.
The young boss in front of him was really a blank piece of paper. He lacked social experience, was not mature and experienced, and was a little pure and naive.
However, it was not impossible for her to negotiate the purchase channels.
After all, she had been in this industry for more than 20 years and knew all the channels like the back of her hand. No one would know better than her about the tricks, tricks, and unspoken rules involved.
Compared to the young boss personally negotiating the purchase channels, she didn't know how much money she had to pay, how many landmines she had to step on, and how many traps she had to avoid.
But there were some things she had to say in advance.
"Boss, if you trust me, I can help you talk about the purchase channels. However, I hope that you will have absolute trust in me. Of course, I will give you detailed accounts of each batch of goods and each bill to ensure that every transaction is well-documented."
But I hope to gain your trust. Only then will I dare to negotiate the purchase channels with confidence. "
What she meant was that she hoped that he would delegate as much power as possible and give her more freedom to operate. Only then would she dare to negotiate.
Chen Jin understood what she meant and nodded. "No problem, Auntie Chiu. I trust you. I'll leave the entire supply channels to you!"
After some thought, he said, "How about this, is 5 million enough? Can 5 million dollars of goods support the opening of the jewelry store? "
"Uh … Our store is too big. 5 million dollars of goods may not be enough. But there's still about 800,000 dollars left from the renovation. We can adjust the incoming goods … It should be enough."
For example, reducing the proportion of gold jewelry and increasing the number of silver jewelry counters … It would be fine as long as they bought less gold jewelry.
"Ok, Auntie Chiu, I'll transfer 5 million to you. If the goods are still not enough, I'll think of a way to solve the problem!"
Chen Jin said. Back at the campsite, there was a total of 155 tons of gold piled next to the pile of treasures. He couldn't wait to cash it in.
"Ok, thank you, boss!"
Chiu Wan-Ting's face was full of smiles. She was full of energy!
She had been in the jewelry industry for more than 20 years. Her long-term experience in frontline sales and dealings with countless customers had allowed her to accumulate valuable and rich wealth.
Now, for the first time, she had obtained absolute authority to lead the operation of a large jewelry store. She could completely follow her own ideas and implement some experiments that she had been unable to do in the past. She could make some changes that she could not change in the past.
At this moment, Chiu Wan-Ting, who was full of energy and countless thoughts, could not help but reveal some things in front of the young boss. She told him many secrets about the jewelry industry.
"The so-called Ten Thousand Gold is actually a hype concept. There is no gold with a purity of 4 9 in the market. Even if there is, the price will be very high. The store just tampered with the Ten Thousand Gold to make it look brighter. In essence, this is still an IQ tax to deceive people.
"Nowadays, it's more profitable to run a jewelry store than a branded jewelry store. A non-branded jewelry store has a wide selection of goods and has a price advantage. Branded jewelry stores only sell brands, so they can only purchase goods from designated jewelry factories … For example, Liu Fu Jewelry, the predecessor of this store, has a gold price that is 3 to 5 dollars higher on average. However, the quality is no different from that of a non-branded jewelry store. As a result, we have no advantage in terms of price. In terms of brand, we are not as good as Long Feng Xiang or Zhou Chang Sheng.
In recent years, with the change in people's aesthetic standards, the profits of silver jewelry are very high. The cost of silver is very low. Industrial silver costs more than 3 dollars per gram. But the silver jewelry that is made can earn a processing fee of 200 to 300 dollars per piece. The cost of the materials, on the other hand, is a fraction. The profits are even higher than gold! "
"…"
Chiu Wan-Ting talked non-stop. She told Chen Jin many things that she knew, including the secrets of the industry, without holding anything back.
Chen Jin nodded as he listened. Sometimes, he was dumbfounded. He did not expect that the waters of the jewelry industry were so deep!
At the same time, he was deeply grateful that he had hired a senior professional to take care of the jewelry store. If he had rushed in and messed around, he would definitely be a fool who would have to pay tuition fees for every step.
Compared to the potential tuition fees that he would have to pay, paying Aunt Chiu a high salary of 60,000 dollars per month was nothing.
Many people knew that the most important thing in the 21st century was talent. They had also heard of the saying, "A Thousand Gold Bones." But when it came to salary and benefits, the first thing that came to mind was how to save money, how to spend a small amount of money to do big things, how to talk about feelings and struggles, but not about practicality … Such a mentality and mindset were destined to not achieve anything big!
Chen Jin even had a hunch that even if he did not sell the gold, silver, and jewelry from the huge crater campsite, with Aunt Chiu's experience and ability, the jewelry store should be able to achieve profits. There would not be any losses.
But he was also very puzzled. Since Aunt Chiu was so capable, why didn't she open her own jewelry store?
"In 2012, when the economic situation was good, I earned more than 300,000 dollars. But that year, my husband asked me to cook three meals a day for him. My workplace was 10 kilometers away from home."
Chiu Wan-Ting explained. Her eyes became empty and sad.
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