Becoming a Russian Oligarch After Rebirth

Chapter 41: Chapter 41: Not Enough Funds_1 Chapter 41: Chapter 41: Not Enough Funds_1 Wang Ye still has 38 fifty-dollar cards and 8 one-hundred-dollar cards left from the first batch he got from Liu Jun.

After considering for a while, Song Xiaogang decided to buy them all!

Calculating with an 80% discount, these cards are worth a total of over 1,700 US dollars, not too much.

Also, he didn’t want to seem stingy, which might make Wang Ye look down on him…

Wang Ye naturally had no objections and gave all the remaining cards in his wallet to Song Xiaogang. With the retail payment and bulk purchases by his cousin Ruan Xiaozhu, he now had over 5,500 dollars in his wallet.

The first business deal, so far, has emptied all his cards.

The net profit was just over a 1,000 dollars!

How long did it take?

All in all, it took about five to six days, less than a week…

So, it’s not unreasonable that Wang Ye turned down the Hu family’s job offer with a salary of 1,500 dollars.

Of course, the reason these cards sold so quickly this time was that it was still in the early stages of market development, and just two distributors took more than half of the cards.

If relying solely on retail, it could take a month to sell all these cards.

……

On Thursday afternoon, Wang Ye made another call to Liu Jun.

“What?! You’ve sold all the cards? Are you serious? How did you sell so many cards in just a few days?”

Liu Jun was genuinely startled when Wang Ye told him that he had sold all the cards from the last batch and wanted to discuss future cooperation.

Wang Ye had taken a face value total of 7,000 US dollars’ worth of phone cards!

If they were sold on a large market, it might be possible if he was lucky and came across a few big customers.

But Wang Ye was selling cards at school! How could those students afford such high consumption!

According to Liu Jun’s original estimation, even if Wang Ye was very capable, it would be a bottom line of a month to sell all these cards!

He absolutely didn’t expect that in less than a week, Wang Ye would have sold out all his cards…

Wang Ye didn’t go into detail on the phone, he simply asked Liu Jun to come over and discuss it face to face.

After hanging up the phone, Liu Jun was not in the mood to work. He quickly wanted to know what happened to Wang Ye!

He is the upstream supplier, but in the past few days, the cards that have been sold in bulk from his hand, have not even sold as much as Wang Ye’s…

Who would he complain to about this situation!

Liu Jun began to question his own abilities.

Was he wasting all these years in Moscow? He’s not as good as a student who’s just arrived…

……

They agreed to meet around five, but Liu Jun came over shortly after four.

It’s still the old Audi, but having the ability to drive one in Moscow is pretty good.

After all, a lot of old Lada’s are seen on the streets!

“Let’s go, have a drink.” Liu Jun warmly greeted him just after meeting.

It was naturally at the bar in building seven, there were not any other dining options in the area.

As for the large Chinese restaurant downstairs in Wang Ye’s dormitory, it wasn’t necessary for the two of them…

Wang Ye liked the bar in building seven, the BBQ tasted really good and the craft beer was authentic.

This craft beer is completely different from bottled beer and cheap draught beer!

The description of it being aromatic isn’t exaggerated…

It was the same bar, and in front of the two of them were large platters full of BBQ, fries, sour cucumber slices, and yogurt…

Particularly worth mentioning was the yogurt, a unique condiment in Russia.

In Russian cuisine, it’s just like soy sauce in China…

Good for borscht, BBQ, grilled pork and beef steaks, just about anything goes well with a bit of yogurt, it is an appetizing kind of thing.

And Wang Ye likes it very much.

So when ordering, he specifically asked the waiter to add more yogurt!

“Cheers! To your booming business and a good start!” Liu Jun raised his beer glass, beaming.

Naturally, he was happy. The better Wang Ye’s card sales, the more money he could make!

He had taken on this business as a part-time job, he had never expected making big money from it, but now things were different…

Maybe Wang Ye could give him a surprise!

“It’s all dumb luck. It’s just the beginning and a lot of classmates gave face. I might not be able to sell as quickly in the future.” Wang Ye said modestly.

Taking a large sip of beer, Liu Jun praised him after putting down his beer glass, “You’re quite capable, doing so well in just a few days after arriving in Moscow, making so many friends so quickly? You, I must learn from, haha.”

As a “man of the real world”, Liu Jun knew the benefits of having many friends, thus he admired how quickly Wang Ye was able to establish a network after arriving here.

If he were in the same position, he wouldn’t be able to!

“Let’s get to business. Brother Liu, I’m actually quite interested in how these phone cards operate. Are you cooperating with a communication company, leasing a line?” Wang Ye asked curiously.

After considering for a bit, Liu Jun felt it wasn’t a business secret and frankly replied:

“It’s not difficult to handle, just go find any of the major communication companies, lease a dedicated line, then get a factory to print phone cards and find someone to sell them. Of course, this sounds simple, but it’s not that easy in practice. Firstly, leasing a dedicated line is not cheap! Mine isn’t a dedicated line, it’s actually a partnership with ‘Zhong-E Tong’ card company, you can say I’m one of their main distributors…”

Listening to Liu Jun’s explanation, Wang Ye finally understood how the phone cards operation worked.

It turns out Liu Jun isn’t a “first-hand card” dealer after all, he’s just renting a part of someone else’s line. It should be operating on the same channel as the “Zhong-E Tong” card.

“Then why don’t you rent a line of your own? Without middlemen, wouldn’t you earn more?” Wang Ye inquired.

Liu Jun laughed bitterly and shook his head:

“Businesses are not that easy to run! If you want to rent a line, although it gets your costs down, you need to have sufficient sales to make profit! I’ve looked into it, renting a line costs at least a hundred thousand dollars per month! How many cards do you need to sell before making it back! Moreover, owning a line doesn’t mean you can sell cards unrestrictedly. After all, if too many people are calling at the same time, the call quality will deteriorate, and even disconnections can occur. Like the current biggest player, ‘Zhong-E Tong’, they have rented several lines and spend three to four hundred thousand dollars per month just on line rental costs alone!”

Wang Ye nodded thoughtfully, he now grasped the sense that to really do this business, at least 100,000 dollars of start-up capital was needed… Of course, like Liu Jun, one can also rent lines from others, but then the profit margin isn’t as great…