My autobiography is definitely not a tragedy!-Chapter 1044 - 615: This Person Can No Longer Be Trusted

["Severe cold, stuffy nose, throat like blades, and just two days after taking it, I can hit the dance floor, can you believe it?"]

["Don't ask me why I'm stockpiling 'Lotus Clearing Fever Capsules', 'Patient Alliance' is definitely hard currency!"]

["The 'lifesaver' for elementary school kids with colds and fevers! Highly recommended! The side effect is drastically reducing sick leave time, sob sob…"]

["Before taking Lotus Clearing Fever Capsules: I'm Lin Daiyu, cough cough! After taking: Laughing up to the sky as I leave, how could I be an ordinary person!"]

["Who says Chinese patent medicines are dead? Trust the Liangshan brand Lotus Clearing Fever Capsules, your timely rain in the torment of sleepless nights!"]

["Not just for flu, it even works for respiratory infections, after using it, the kids won't wake up coughing at night…"]

["The magical Lotus Clearing Fever… Is it an ancient lost herbal remedy? Or a modern medical research miracle?"]

["With such good effects, where can I buy it? I asked at the pharmacy, but they don't have it at all."]

["You can only buy it from scalpers, the pharmacies are basically sold out."]

["I was lucky to get one, but it's a bit expensive, although with so many people recommending it, I bought a box to try… I'll leave a follow-up review~"]

["What Lotus Clearing Fever, what Liangshan Pharmaceuticals? Never even heard the name, and suddenly there are so many exaggerated ads! Little Red Book, you've fallen!"]

["Agreed, if Liangshan Pharmaceuticals didn't hire water armies to advertise, I'll eat two Hujian people on the spot!"]

["…"]

Looking at a pile of exaggerated titles and comments on Little Red Book, already with over a million discussion points, Cheng Biao was completely disheartened.

And the few dissenting posts made Brother Biao's mouth twitch.

Always joking about eating Hujian people.

What did the Hujian people ever do to you!

"So, those bosses downstairs are…"

"Yep! They're all here to place orders." Manager Jin smiled brilliantly.

"Thanks to the hint you gave, Mr. Cheng, I expanded Liangshan Pharmaceuticals' staff early and arranged for the factory to run three shifts to urgently increase orders and stock up in advance.

Combined with pulling temporary staff from the welfare department and some security personnel, we're just barely coping with the skyrocketing order volume!

Otherwise, we might not have even handled the first wave of orders!"

"The hint I gave?" Cheng Biao looked confused.

"Yes! I said last time when you came back from your business trip, why was the souvenir a box of cold medicine!

Turns out it was to let us managers experience the product's effectiveness!

After my daughter completed a course, and with the user feedback online, I just knew this medicine was going to be a hit!

Plus, you instructed us to buy low in advance at the herbal planting base, ensuring upstream supply. That's when I realized you're playing a big game, Mr. Cheng!"

Manager Jin looked full of admiration.

Cheng Biao looked constipated.

What game, I don't even know how to play chess!

Are you shifting all the responsibility onto me?

He really wanted to immediately fire this manager who accomplished little and spoiled much.

But then he thought, the root of making money wasn't on the other person.

With a product like this, even a pig could take off right where it stands, making a fortune…

No wonder Chairman Gao emphasized doing a good job keeping the formula secret and security tight.

It's my fault. Back then, when he asked for my opinion, I thought Chinese medicine didn't make much money anyway, maybe it'd even burn some cash, so I easily agreed…

Alas! It's not the first time I've been carried by teammates.

Why can't I learn from it?

"How much do you estimate we've made from these capsules so far?" Cheng Biao asked wearily.

Talking about this, Manager Jin got even more excited!

"The factory is working overtime to ship, and once supplies arrive and payments are cleared, just the first batch of orders has sales around 250 million.

With an estimated profit margin of 50%, conservative estimates put profits at around 120 million.

And according to the current rising order trends and the product gaining fame, we'll only make more…"

"Stop, stop, stop! A 50% profit margin?!" Cheng Biao spotted the issue.

"Yes, our product is in short supply, a total seller's market, so I raised the price three times, otherwise, with our current capacity, we wouldn't meet market demand."

Cheng Biao understood, this was just like a popular tourist spot strategy, raise ticket prices, reduce customer numbers, profits increase instead.

"Who told you to raise prices?" Cheng Biao questioned.

"Uh…" Manager Jin was a bit bewildered.

"No, Mr. Cheng, it's usual to adjust to market conditions in business, product prices have to follow changes in supply and demand, that's market law, right?

And with such incredible product efficacy, we can totally go high-end right from the start; that's where the main profits in the industry are!"

"Who said we were going the high-end route?" Cheng Biao looked exasperated and disappointed.

"Think long-term, we're a new pharmaceutical company, what's more important, profit or reputation?"

"This…"

Manager Jin really wanted to say profit was important.

Reputation is priceless, true, and you can't buy it with money.

But… it doesn't sell either…

How many centennial factories fell because they held onto the priceless reputation but couldn't convert it into cash, and eventually went out of business?

They didn't aspire to go high-end, but who would buy from unknowns in the beginning?

They fell into the low-profit, high-volume trap of low prices.

Once reputations were built and they wanted to go high-end, consumers questioned why it was so expensive, refused to buy, and it all collapsed!

How many products were marked with a low-price label and never went high-end in a lifetime, ending with no choice?

But we're totally different here!

Splitting a hand of trump cards and playing them separately?

"Take a look online; so many people complain it's expensive, scalpers appear! Those in need can't buy it, and those without need are hoarding.

If this goes on, what image will we have? Heartless businessmen with no social responsibility!"

Not noticing Manager Jin's disagreement, Brother Biao continued his "I think" monologue.

Manager Jin felt even more exhausted.

Who decides a product's price based on online reviews...?

The medicine is so effective, people will buy it no matter how expensive it is!

Apple phones sell for a fortune, yet they're bought while being cursed at!

Besides, which popular product on the market doesn't have scalpers? People scramble for something because it's good!

In his opinion, they should take advantage of this wave of popularity, control production, and create market scarcity for hunger marketing.

Sometimes people are like this; the rarer and more mysterious something is, the more they buy it!

"So Mr. Cheng, you mean... lower the price and go for a low-margin high-volume strategy?"

"Of course!" Cheng Biao had an expression of utter confidence!

"Look at those e-commerce platforms. Jingdong bets on the rich increasing, Taomao bets on the middle-class increasing, Pindu bets on the poor increasing, and Pindu won...

This clearly shows the current economic environment requires us to focus on mid-to-low-end users!

So I've decided! The money in the account will immediately be used to add production lines, purchase raw materials, and in short, we must quickly meet market demand! Everyone who needs our product must be able to buy it!"

Manager Jin resisted the urge to shout "Master is foolish~".

What kind of example is this, we're dealing with pharmaceuticals! Pharmaceuticals!

That's not like e-commerce!

Do you consider efficacy or price when buying medicine?

Imported medicine is expensive, right? Yet they sell like crazy!

But there's no choice, he's just a manager; the boss makes the final decisions.

Forget it, forget it; expanding market share quickly and boosting Liangshan Pharmaceuticals' reputation isn't without benefits.

If handled well, they might be able to recoup the lost profits...

"Then, for this pricing... what do you think is appropriate?"

"Calculate the pricing yourself, I have only one request: our profit margin cannot exceed this number!"

Cheng Biao held up two fingers.

"20%..." Manager Jin nodded with a pained expression.

Although it's bone-crushing, if the sales volume goes up, the profits should still be considerable.

"Not 20%, I meant 2%!"

Manager Jin: "..."

No, Mr. Cheng, bone-crushing is fine.

But you're planning to sell life-saving pills like they're candy?

...

Watching Manager Jin leave the office in a daze, questioning life, Ah Xing couldn't help but feel a little sympathetic.

"Brother Biao, are we really going to mess with such a profitable industry like this?"

Even Ah Xing, who didn't understand business, felt that Brother Biao's approach was like sterilizing the goose that lays golden eggs...

Cheng Biao sighed helplessly.

"You think I like this? But you forget what my fate is?

With my fortune, if destiny feels I'm intentionally amassing wealth, whatever I earn will have to be paid back double sooner or later!

To avoid turning back into a pauper, we must adhere to the principle of losing money unchangingly for a hundred years!"

Ah Xing thought about the company thriving under Brother Biao's "leadership," and he lost his temper immediately.

He could only silently commend...

Brother Meng's fortune-telling prowess!

Cheng Biao picked up the financial report on the desk, frowning deeply again.

Every time he thought about the account balance inflating by hundreds or thousands per second, his eyelids twitched uncontrollably.

It always felt like this number could trigger his distorted Wealth Palace, throwing him back to square one overnight...

Not enough! Still not enough!

The profits of the welfare package and security company, totaling millions monthly, were already stressing him out.

Now another seemingly more profitable Liangshan Pharmaceuticals comes along...

He must think of a one-time solution to eternally lose money!

The typical money-losing schemes don't work, personally tested, no use. 𝘧𝘳𝘦ℯ𝓌𝘦𝒷𝘯𝑜𝑣𝘦𝓁.𝒸𝘰𝓂

What's proven to lose money without risk?

Racking his brain, trying to recall when he had lost the most in his eventful life...

Hmm?!

Exactly! The time he lost the most was because of that fishing rod!

Brother Biao's eyes lit up!

He heard Bitcoin was plummeting recently!

The old saying goes, fall where you've tripped, go trip again there!

Failures often teach more than successes!

"I'm decided! From now on, all company profits must be invested in Bitcoin entirely!"

"Huh?"

"Huh what, go! Open an investment account for me now!"

"Uh..." Ah Xing scratched his head, not understanding, but you're the boss, your call.

"Then I'll go find Manager Jin now!"

"No! You can't involve Manager Jin; you must handle this personally!" Brother Biao stopped him.

"Uh... why so?"

Thinking about Manager Jin's multiple betrayals, Brother Biao spoke gloomily.

"Can't you see? This person can't be trusted anymore!"

Ah Xing: "..."