Chapter 70: 69, Know Before Predict – Investing like a God! (7 updates)_i
Translator: 549690339 I
Having said that,
Lin Mo stopped paying attention to the two people who stared like startled chickens, turned to the owner and said, “I’ve paid the deposit, take me to see the goods.”
Honestly, if it weren’t for Li Lingling’s sharp words and her cousin-in-law acting so high and mighty, Lin Mo wouldn’t have acted like this.
“Ah, sure! The cold storage is not far ahead; please, follow me!” The owner was still somewhat dazed, having never dreamed that he’d encounter such a wealthy and bold employer in less than half an hour of setting up his stall. Not only had he sold all the ginger shoots in his truck, but he’d also sold all the stock in the cold storage!
He was simply over the moon!
Once he came to his senses, he led Lin Mo cheerfully, while others looked on in astonishment, toward the direction of the cold storage.
The owner, deep down, was well aware, just as Li Lingling had said earlier, that the next batch of ginger shoots would soon hit the market, and when the market was saturated, the prices would inevitably fall.
Being able to sell all the goods before the price of ginger shoots dropped was certainly a stroke of good luck.
As for whether Lin Mo would lose money on the purchase, that was none of his concern.
At this point, Li Lingling couldn’t dwell on her frustration any longer. Seeing her husband’s grim expression, she hurriedly said in a sycophantic manner, “Honey, don’t be angry, there’s no need to stoop to the level of such people!” “Heh, why should I be angry? Your beloved brother-in-law probably doesn’t realize that he has already been duped!” The man’s lips curled up in a slight, cold smile, “Does he really think that the vegetable business is so easy?”
“Get in touch with him more these next few days. Once the next batch of ginger shoots hits the market, he won’t be able to sell what he’s hoarding, and we can buy it all up at a low price!”
“You want fine wine, right? I doubt he’s got the stomach to digest it!”
That’s right!
After hearing her husband’s words, Li Lingling, whose judgment had been clouded by anger, suddenly felt like she’d had a revelation.
Although she didn’t know where her poor brother-in-law had suddenly gotten so much money from, the current situation didn’t seem too bad for them.
In fact, it was a blessing in disguise!
“Honey, you really are amazing. You saw right to the heart of the matter!” Li Lingling couldn’t help but give a thumbs-up and said with a smug smile, “In a few days, when the next batch of ginger shoots comes in, he’ll realize that doing business isn’t as simple as carrying construction materials; it’s not just about muscle, it’s about brains too!”
“Heh, having some money and being arrogant, he should learn his lesson! By then, he’ll have to come begging to us!”
Not only those two, but also the surrounding owners had not expected Lin Mo to be so generous and domineering, placing an order for twenty-million-worth of ginger shoots in one breath!
But once they calmed down, their thoughts were similar and very composed.
They were just waiting for Lin Mo to sell at a low price.
Unfortunately, what they didn’t know was that the next batch of ginger shoots they were talking about, couldn’t be transported to Rakshasa City in the short term!
After walking for about 10 minutes, Lin Mo, following the very polite owner, arrived at the cold storage.
A strong scent of ginger hit him as he entered.
Inside it was packed full of fresh ginger shoots.
On the way, they had already exchanged names. Pointing at the mountains of ginger shoots in front of him, the owner said, “Brother Lin, here we have 260 tons of ginger shoots, plus the 40-plus tons on the semi-trailer outside, totalling just over 300 tons. I won’t quibble with you over the small change!” “Moreover, the cost of the cold storage is not based on tons, but on cubic meters, at 2 yuan per cubic meter.”
“According to the volume of ginger shoots, one ton is roughly 5 cubic meters.” “So for our 300 tons, it’ll generate about 3000 yuan in cold storage fees daily.” “I’ve already paid for today; you can start paying from tomorrow!”
Owner Zheng was a shrewd person, having already figured out that this was Lin Mo’s first time doing business, so he explained everything in great detail.
Of course,
he had his own calculations in mind!
Pausing for a moment, he added, “If you plan on storing for a long term, I suggest you take it to an outside cold storage, where you might be able to negotiate a rate of about 1 yuan per ton. Our market’s rate is too expensive.” “Okay, thanks for the consideration, Brother Zheng.” Lin Mo nodded, politely responding, “Just follow the rules on the purchase order. Give me two days to inspect the goods, and after the check, I’ll transfer the remaining payment to you!”
After all, it was 300 tons of stock, and even if he sampled two pounds per ton, it would take a day or two to inspect.
“No problem, all these are trivial matters, no rush!” Owner Zheng handed over some cold storage procedures and said with a smile, “Brother Lin, you dare to stock up so much all at once, you must be very capable.”
“I not only sell ginger shoots but also buy them back. When you have leftovers to sell, you can contact me to buy them back, and we can discuss the price then.”
“What do you think?”
Sell the leftovers?
Heh!
According to Owner Zheng’s calculations, even if the North City District wholesale market goes all out, it can only consume a maximum of 10 tons of ginger shoots per day, but the costs for cold storage continue every day, and there are still a few days left before a large batch of ginger shoots enters Rakshasa City.
A few days to sell 50 tons of ginger wine is already the limit, and for the rest, Lin Mo will have no choice but to sell at a low price when the time comes!
Isn’t that when my chance comes?
These people have been fighting and struggling in the wholesale market every day and have already developed a keen insight into the market!
Lin Mo also knew that he had become a fat sheep in the eyes of others, but he didn’t care at all.
Of course, it was not possible to explain.
Just secretly rejoice.
He took all the materials, nodded his head, and said with a simple smile, “Alright, then thanks, big brother, for thinking of even a way out for me.”
“No need to be polite, doing business, after all, we’re friends, it’s only right to help each other out!” With all the procedures now transferred, Owner Zheng made some small talk and then planned to leave: “Brother Lin, I won’t disturb you any longer, I’ll be taking off!”
“Remember, if you run into any difficulties with sales, contact me, I’ll offer a price that definitely beats all the competition!”
“Wishing Brother Lin’s business prosperity and daily earnings in abundance!”
Smiling on the surface, but as soon as Owner Zheng left the cold storage, he immediately started contacting some familiar distributors, spreading rumors that the price of ginger shoots was about to plummet, advising them not to purchase for the time being, or to reduce their purchases.
After a practiced routine was completed, everything was ready, just waiting to reshuffle from the left hand to the right hand, and finally making a clean profit of one or two million!
He had already thought through the purchasing price to offer and the clever words to use when negotiating with Lin Mo.
“Brother Lin Mo, the new ginger shoots are out, and the original price just won’t do. How about this, I’ll take a hit, 1.9 per piece, I’ll take them all off your hands?”
“What, you think it’s too cheap? Where is it cheap? I think it’s expensive, and you’re not even looking at the market. It’s all ginger shoots, who wants your old ginger?”
“If you don’t sell now, just wait for them to rot in the cold storage!”
Lin Mo stayed in the cold storage until after 5 am before he left, mainly to spot-check the size and quality of the ginger shoots.
You have to say, this batch was really good. He randomly checked for nearly 3 hours and didn’t find a single bad or rotten ginger shoot.
“As long as the quality is up to par, then everything is ready!”
By now, Lin Mo was really feeling tired. He went to the door of the cold storage, took off his military coat, and walked out.
But as soon as he left the cold storage, his mobile phone began buzzing non-stop.
At first, he thought it was Li Jinwen calling, but then he realized that the calls were all from unfamiliar numbers.
“What’s going on? Am I encountering a telecom scam?”
Lin Mo didn’t take it too seriously and put his phone in his pocket, heading straight for the Wuling Mini.
Even though it was almost dawn, the wholesale market was still bustling.
But at this time, they were not doing business. Groups of three or five gathered in the parking lot to play cards, smoke, and boast to each other.
They looked like a bunch of social thugs, but in reality, they were exchanging information with each other.
Vegetable production areas, inventory, purchase price, selling price… and so on.
Only by mastering this information could one stand invincible in this wholesale market.
Of course, these were all shrewd people, and the information exchanged was a mixture of truth and falsehood. Whether you could discern the truth from the lies depended on your own skills.
And today, what everyone was talking about even more was the sucker who suddenly bought 300 tons of ginger shoots.
Almost everyone reached a consensus, thinking that this sucker, this newbie, was about to experience what it meant to lose everything!
As Lin Mo walked out of the wholesale market, he could clearly feel that those who recognized him were looking at him with a playful eye.
He naturally didn’t take it to heart. Amidst all the odd and curious glances, he calmly drove his small and cute Wuling Mini and left the North City District wholesale market.
Let them look down on him. In a few days, they’ll understand what it means to foresee the future, to gamble like a god!
[7 more chapters for monthly votes, working on more—]