Chapter 27 of 100
Chapter 27
6 min read1,439 words
After listening to Liu Lin's explanation, Liu Yunxuan was stunned. It wasn't that he didn't understand; it was just that the world was changing too fast. He had originally thought that Liu Lin's help in selling the cabbages would just make them a bit easier to sell. But he never expected that all the factors combined would result in such a high profit.
When they planted the cabbages, they were worried that they would grow too large and not meet the Korean standards, so they specifically instructed Li Yong to plant the seedlings as densely as possible. Now, each acre of land had over 5,000 cabbages. After trimming, each cabbage weighed at least 2 kilograms. The transportation cost would be at most 200,000 yuan, but this was a profit of over 3 million yuan.
"Wow, seeing how much money Yunxuan is making, I almost want to lease some land and plant cabbages myself," Wang Minghua sighed.
"No, Brother Minghua, don't say that. This time it was all luck, and mainly because of Brother Liu Lin's help. Without Brother Liu Lin, I would have just sold them at the regular price. Brother Liu Lin, don't talk about hard work fees. You've helped me make money, and I'm grateful. Let's split the profit 60-40, with you taking 60% and me 40%," Liu Yunxuan said to Liu Lin. It wasn't that he didn't know the value of money; some things couldn't be measured by money alone. Even if Liu Lin hadn't given him a tip and had bought them at the regular price, he wouldn't have complained and would still have been grateful.
Liu Lin was also very happy that Liu Yunxuan was willing to give up such a large share of the profit. He hadn't planned to make much money; the main goal was to build a strong relationship. The two of them were there, one wanting to give more and the other wanting to take less.
"Alright, stop dilly-dallying. Let's split it 50-50. It's not that much money anyway," Wang Minghua finally decided.
Both of them had no objections. Liu Yunxuan didn't care too much about the money, and Liu Lin's business wasn't affected much by a few thousand yuan. As long as everyone understood the situation, it was fine.
"Yunxuan, the cabbages you served just now tasted great. You go home and wait. I'll contact the Korean distributors and try to get them to come and see. We can see if we can raise the price even more," Liu Lin said as he left.
"Sure, I have nothing to do these days, so I'll be at home. Just give me a call when they come," Liu Yunxuan, of course, hoped for the highest possible price.
On his way back, he also brought a few large crabs that Liu Lin had given him. He didn't hesitate; Liu Lin was a big boss with connections, and he might not be able to get authentic crabs if he really wanted them.
After waiting at home for four days, Liu Lin actually brought a Korean distributor. The distributor was named Park Ju-yong, from Seoul, who had studied in China and could speak Chinese, so he didn't bring an interpreter, just an assistant.
After introductions, they went directly to Liu Yunxuan's cabbage field. Park Ju-yong was very meticulous, and perhaps the entire country of Korea placed a high emphasis on food safety. He didn't look at Liu Yunxuan's test reports, saying he would take samples back to Korea for testing according to Korean standards.
Liu Yunxuan had no objections; he wasn't afraid of any tests, even if they were taken to the United Nations. He was confident in the quality of his cabbages. The next step was to negotiate the price.
"Mr. Park Ju-yong, what price do you plan to offer for this batch of cabbages?" Liu Lin asked.
"Mr. Liu, we've been doing business for so long. If the tests are satisfactory, we'll follow the market price," Park Ju-yong played a little trick.
"No, no, Mr. Park Ju-yong, these are organic cabbages we've carefully cultivated. If we follow the market price, we won't make any profit. Moreover, we plan to cultivate them long-term. If this cooperation is satisfactory, we hope your company can become our exclusive distributor in Korea," Liu Lin, with years of business experience, understood Park Ju-yong's intentions.
After tasting the cabbages, Park Ju-yong, although he said he would wait for the test results from Korea, was very confident in this batch of cabbages. With Liu Lin's promise, if he became the exclusive distributor, it would greatly benefit his company.
Liu Yunxuan watched as the two of them haggled over the price. Liu Lin started at $2,000 per ton, and Park Ju-yong offered $800 per ton. After several rounds of negotiation, the final price was set at $1,300 per ton, which was the FOB price. Of course, the contracts were only preliminary; the formal contract would be signed after the tests in Korea were successful.
The cabbages Park Ju-yong took back to Korea passed all the tests, and they didn't need to remove as many layers of leaves during trimming. They liked the taste of the cabbages and thought removing too many layers was a waste. If it weren't for the appearance required for sales, they wouldn't have removed the leaves at all.
This sample also caught the attention of the CEO of Park Ju-yong's company. For a country like Korea, where cabbage is a staple, high-quality cabbages could command a high price even when there was no shortage. The CEO also gave Park Ju-yong a significant raise for securing the exclusive distribution rights.
After that, things became simpler. Liu Yunxuan only needed to load the cabbages onto the trucks, and Liu Lin handled the trimming and shipping.
Watching the trucks load up with cabbages, Liu Yunxuan was very excited. He never imagined that his casual decision would yield such a large profit. This batch of cabbages was even more profitable than the watermelons, of course, partly due to the special circumstances in Korea. But even after the cabbage crisis was over, the price could still reach around $1,000 per ton.
In the end, a total of 670 tons of cabbages were sold to Korea, generating $871,000.
Wang Mingyuan was speechless at Liu Yunxuan's success. Leasing a piece of land and making over ten million yuan in two harvests—anyone who said something was as cheap as cabbages would make him angry. Had they ever seen a cabbage sell for several yuan per pound?
The impact on the villagers was even greater. After farming for decades, they had never seen cabbages sell for over 20 yuan each, and the money was in U.S. dollars.
The news of the high-priced cabbages even made the local news. The main purpose was to remind people not to follow the trend and plant cabbages, as Korea had high standards and not all cabbages would be accepted. Even if they met the standards, the price wouldn't be as high. Liu Yunxuan's cabbages were organic.
The TV station even invited Liu Yunxuan to appear on a show, but he didn't like being in the spotlight. Since the agricultural work was handled by his brother, he let Liu Yunhai go. Surprisingly, Liu Yunhai was quite photogenic and spoke confidently with the host. Liu Yunhai, being outgoing, had grown a lot after nearly a year of experience.
Finally, it was time to divide the money.
"Yunxuan, the final payment has been made. After deducting all expenses, I'll give you a round number: 400,000. Do you want it in dollars or yuan?" Liu Lin asked.
"Give me dollars. It will be more convenient to use in the future," Liu Yunxuan didn't hesitate, as he planned to develop abroad next year.
"I heard you have plans to develop abroad?" Liu Lin asked.
"Sure, if there's an opportunity, I'll go abroad and try my luck."
"Alright, if you find any good business opportunities, don't forget your big brother," Liu Lin realized he needed to stay close to Liu Yunxuan, as this guy might come up with something big.
"Of course, I'll need your help in the future. I don't know much, just how to farm and raise pigs. If I have any questions, I'll need to ask you for advice, and I hope you won't be bothered."
"Where, where, for you, I'll do anything. I'm not afraid of you coming to me; I'm afraid you'll forget about me."
Seeing the two of them flattering each other, Wang Mingyuan couldn't take it anymore.
"Hey, are you two done? Can we get back to business?"