Until now, Otto had sold almost 160,000 cell phones already. It was no longer short on stocks, and it could supply cell phones immediately upon purchase. Although the sales volume was still increasing, it would no longer explode like it did before.
Those results undoubtedly still left Otto Technologies under the ‘others’ category in the local market. Hongcheng Technologies, the company that Chang You had worked at before, also achieved similar results with their newer cell phone models.
Otto Technologies probably only held a 0.5%!s(MISSING)hare of the local market for now.
Still, the amazing thing was that Otto Technologies was prospering after reaching this sales volume. Hongcheng Technologies had sold that many cell phones before, but it closed down soon after.
The profit margins were equally small, but the more expensive a cell phone was, the more profit the company would earn. If a company sold a cell phone for a thousand yuan and earned a five percent profit, each cell phone would only make thirty to forty yuan. Selling a hundred thousand cell phones would only generate three to four million yuan in profit. That little money would not be enough to plug any gaps in the supply chain.
Tips, opportunities to make money：0 put into mobile online making money However, if a company sold a cell phone for eight thousand yuan and earned a five percent profit, each cell phone would make four hundred yuan. Selling a hundred thousand cell phones would generate forty million yuan.
Thus, despite having distributed its profits to the other subsidiaries and keeping five percent of the profits, Otto Technologies had still made a lot of money!
A virtuous cycle had formed.
Tips, opportunities to make money：Do you buy a lamp online? Pei Qian had never expected that setting such a high price would cause his downfall. Of course, after calming down, Pei Qian realized that the sales volume was not completely unacceptable.
Tips, opportunities to make money：Online teaching financial management After all, the cell phone market was considered a sunset industry. The big brands and producers were dominating more and more market share. Even those in third or fourth place would suffer for a long time, much less Otto Technologies which was now below tenth place.
It was a miracle that the company could sell hundreds of thousands of cell phones. The most mysterious part was that, although it still fell under the ‘others’ category, Otto E1 was extremely popular online. Although most people would not pay for the cell phone, it was still very famous on the internet.
Chang You was very proud of himself.
Otto Technologies had already taken a successful first step as a new brand. What’s more, since there wasn’t a lot of demand and the supply problem had already been resolved, people would continue to purchase the cell phones in the future. Thus, the company could continue earning profits in the long term.
After hearing this, Pei Qian became frustrated. He cleared his throat and asked, “Do you mean that there isn’t a single problem with Otto’s cell phones now?”
Chang You immediately smiled and said, “Don’t worry, Boss Pei. I’ll talk about it at
Chang You was already prepared for this.
He knew that Boss Pei did not like hearing successful results. Instead, he liked looking for problems. Thus, before the meeting began, he had already planned to analyze the cell phone’s problems after announcing its successes. That would help them to set the future direction.
Pei Qian expected to be a wet blanket by posing that question to Chang You, but Chang You seemed well-prepared. He was speechless. It was almost as if his employees’ defenses were too powerful. He was finding it increasingly difficult to overcome them...
After talking about the cell phone’s successes, Chang You began talking about the cell phone’s flaws.