Chapter 1871 Profits of Infant and Toddler Product Companies
Chapter 1871 Profits of Infant and Toddler Product Companies
"President Qin, the latest sales figures are in."
The assistant came over with a document.
"give it to me."
Qin Ping reached out and took the documents from her assistant, then opened them and began to read them.
"Hey, our product sales are pretty good. Should we develop new sales channels?"
Qin Ping looked at the data report in her hand and said with some surprise.
When the factory first successfully produced infant products, sales were not high.
But she was somewhat surprised that sales had increased so much in just over a month.
"President Qin, there are currently two sales channels for Beibeile infant products."
"One is the employees of Tomorrow Group. Our Tomorrow Group now has about 80 to 90 employees."
"Many of these 80 to 90 employees have gotten married and had children in the past two years, which in turn reflects their trust in Tomorrow Group."
"Many employees of Tomorrow Group are now buying our Beibeile baby products."
"Moreover, many employees of Tomorrow Group have also recommended infant and toddler products to their friends and relatives."
"The other one is Wuliao Short Video. Because of the emergence of our Beibeile baby products, Wuliao Short Video has canceled the sale of all baby-related products and then listed our Beibeile baby products on Wuliao Short Video."
"After all, no matter how strictly we control the quality of other brands' infant products, they are not as reliable as the infant products we produce ourselves."
"With the current popularity of short, mindless videos, even though our Beibeile baby products aren't well-known, we've still received a lot of extra orders."
"Our baby products sell so well because of these two channels."
The assistant began to explain.
Given the current benefits offered by Tomorrow Group, many people have gotten married and had children in the past two years, since employees working at Tomorrow Group do not have any financial pressure.
Even having a child won't have any impact on my life.
Moreover, there's no need to worry about children's schooling. From kindergarten to high school, all employees of Tomorrow Group receive free education at Tomorrow School.
It's completely free; school uniforms, meals, school buses, textbooks, etc., are all free.
This alone can save a lot of money.
After hearing her assistant's explanation, Qin Ping finally understood why the sales were so high.
They are all purchased by our own people, and our own people help with the sales.
She knew about the boring short video platform; at least, products sold through it were almost guaranteed to sell.
After all, Wuliao Short Video has a good reputation. Users of Wuliao Short Video know that any product listed on Wuliao Short Video is definitely of good quality.
This is the reputation that has been built up little by little over the past few years.
Of course, there were some products with quality problems, after all, so many products are sold through short videos these days.
Even with strict quality control, it's impossible to guarantee that some defects won't slip through the net, but they've all been resolved promptly.
Many customers nowadays actually hope that the goods they receive are defective, because on this short video platform, if a defective product is found, they will compensate ten times the price.
Moreover, customers can choose to receive ten times the amount of goods, or they can choose to exchange the goods for ten times the amount of cash.
If you buy a 100 yuan item and it turns out to be defective, you can get 1000 yuan in compensation, which is quite a good deal.
Now that baby and toddler products are available on Wuliao Short Video, and it's only one brand, many people who want to buy baby and toddler products on Wuliao Short Video will definitely choose to buy Beibeile baby and toddler products.
"Based on current sales figures, what is our company's revenue status?"
Qin Ping thought for a moment, then asked.
What she wants to know most right now is whether the company has turned a profit. Otherwise, if the company continues to operate at a loss, she will be under a lot of pressure.
"President Qin, based on current sales, our Beibeile infant products are already in a profitable state."
"However, the profit is not much, only about a million a month, which is nothing compared to the profits of other companies in Tomorrow Group."
The assistant slowly began to speak, saying that the profits of other companies in Tomorrow Group are now in the hundreds of millions, while their side has not even reached tens of millions in profit.
"Is that so? At least we're not operating at a loss anymore. We can develop it gradually from here on out."
Qin Ping relaxed slightly upon hearing her assistant's words; as long as it wasn't a loss-making situation, that was fine.
Moreover, Beibeile infant products are not well-known yet, so it would be good enough if they didn't lose money.
"Yes, Mr. Qin, but the sales of our Beibeile infant products have been growing at a steady pace, according to the overall data."
"In other words, the profits of our Beibeile Infant and Toddler Company are also increasing little by little."
The assistant slowly began to speak, saying that employees of Tomorrow Group now purchase Babyle infant products and then recommend them to their relatives and friends.
Friends and family who have used Beibeile baby products feel that the quality is very good and will recommend them to others.
Word spreads quickly, and the sales of Beibeile infant products will gradually increase.
Moreover, the price of Beibei's infant products is considered to be in the upper-middle range compared to the overall price of infant products.
Some reputable brand-name baby products, while having no quality issues, are priced significantly higher.
While Beibeile baby products are of top quality, their prices are based on cost, which is why they are priced in the mid-to-high range.
The reason it's priced in the mid-to-high range is simply because it uses only the highest quality materials, which increases costs.
Therefore, the overall profit is not very high, which is one of the reasons why the current profit amount is relatively small.
"Yes, as long as sales keep increasing, that's a good thing. I believe that as long as we maintain the quality of our infant products, our sales will continue to rise."
Qin Ping spoke up, saying that although she didn't know much about the principles, she did know that customers all wanted to buy products with guaranteed quality.
As long as they maintain quality, even if not many people buy them now, sooner or later, Beibeile baby products will become the most reputable baby products in the country.
Therefore, she must be even more strict in controlling the quality of infant and toddler products.
Moreover, infant and toddler products are meant for children, so if there are quality issues, it's the children who will get hurt.
This kind of thing has happened before.
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