Becoming Rich with Daily Scavenging APP-Chapter 379: Luxury Goods

"How do you plan to upgrade?" Chen Yiyang asked with interest, "Are you going to wear a maid outfit to feed me? It’s not impossible, I can call them right now to send one over in time."

"It’s not as low-class as that. How about I sit on your lap and feed you?"

"No way." Chen Yiyang immediately saw through the little accountant’s scheme.

"Did you change to a particularly heavy prosthetic today, expecting to sit on my lap and crush me to death?"

"Hmph." The little accountant grunted defiantly.

"Hehe, I’ve seen right through you."

"Seen through yourself, hurry up and eat. Finish and go to work to earn money. If the boss doesn’t work hard, when can we, the employees, change cars?"

After breakfast, they arrived at the company by car.

The assistant had already organized the relevant information on Gao Xuming and sent it to Chen Yiyang’s computer.

Chen Yiyang opened the document and began to browse.

Gao Xuming, born in the ’60s, was originally a staff member at a local fisheries bureau.

Around the year 2000, he chose to enter the business world, founded a tourism company, and later engaged in the business of tourist souvenirs, cultural products, and tourism-related memorabilia.

However, the tourism economy may have been somewhat sluggish in recent years. So he chose to start a new venture.

This time the target of the venture is luxury goods?

After reading the material on Gao Xuming, Chen Yiyang pinched his chin.

Luxury goods, don’t be fooled, they are indeed very lucrative.

But aside from Europeans, neither people from the United States nor Japan have been able to rival Europeans in luxury goods, especially the French.

After all, they’ve developed for hundreds of years, they talk about history, heritage, tons of stories to tell.

Not to mention that old Europe is still a rather important cultural and artistic center today.

Although there are now a number of companies emerging that are dealing with affordable luxury.

But these companies are either celebrities leveraging their fame to profit from their fans.

Or they fade into obscurity after just a few years.

The reason is simple, the market doesn’t recognize them.

Take Chanel, LV, you see the products they launch.

No matter the quality, whether they sell well or not.

But in recycling, second-hand dealers are always willing to offer a price to take it back and sell.

But like Swarovski, which was popular a few years ago.

They take a look at the brand and just tell you they can’t take it, treat it as garbage.

Without resale market retention, the primary luxury goods business cannot flourish.

Now, here’s someone from a tourism company saying they want to start up in luxury goods?

Rationally speaking, Chen Yiyang felt this project was quite unreliable.

But many miracles in business occur because they initially seemed unreliable.

So, Chen Yiyang decided to meet the person.

He wanted to see what this rumored promising project was all about.

Thus, Chen Yiyang asked his assistant to check when the person would be available, asking them to come to the company for a talk.

Shortly after Chen Yiyang informed the assistant.

Gao Xuming quickly replied that he was available today and they could talk in the evening.

So, Chen Yiyang made a reservation at a restaurant, ready to have a meal and chat with him.

"Hello Mr. Chen, I’ve heard so much about you and finally got to meet you today." As soon as Gao Xuming arrived, he greeted Chen Yiyang warmly. 𝘧𝓇ℯℯ𝑤ℯ𝘣𝓃ℴ𝓋𝑒𝑙.𝑐𝘰𝑚

"You’re too kind. You are the senior in the business world, I am the junior."

"There is always someone who is first in the path of knowledge, every field has its specialist. Judging by achievements, you are my senior."

Gao Xuming was very eloquent, leaving a good first impression on Chen Yiyang.

After sitting down, Chen Yiyang started discussing business with the other party.

"The luxury industry, to be honest, I don’t understand it."

Chen Yiyang said candidly to Gao Xuming, "I also don’t believe that countries that developed later can have much development in the luxury sector. Why do you think you can venture into the luxury industry?"

"Because of gold," answered Gao Xuming.

"Gold?" Chen Yiyang was puzzled, talking about luxury goods, how did it pivot to gold, which is a precious metal, not comparable to luxury goods.

"Yes, gold," continued Gao Xuming, "Even luxury goods need a seemingly valuable material as a base.

Even for well-known luxury brands like Chanel, LV. No matter how many styles of bags they release, made with lambskin, cowhide, to create limited edition items.

But in the secondary market, the most valuable and retains value are always the crocodile leather bags from these luxury brands."

"That’s true," Chen Yiyang nodded in agreement.

Even though he wasn’t familiar with luxury goods, he knew that crocodile leather luxury bags were the most expensive and retained the most value among luxury bags.

For instance, the famous Himalayan bag, a single bag can sell for millions on the second-hand market.

It’s so expensive because the crocodile skin used for this bag is obtained by stunning a live Nile crocodile and then skinning it alive to make the bag.

It takes the skin of three crocodiles to make a single Himalayan bag.

Moreover, these crocodiles have to be chosen for their flawless skin, never having fought, and not scratched by other crocodiles, making them very rare.

The production process is bloody, and the production cost is high.

Plus, limited editions and marketing, with luxury price premiums.

Thus, the price of a single bag can rival that of a sports car.

"So I plan to use our country’s ancient method of processing gold and have all gold jewelry handcrafted for the wealthy," said Gao Xuming, revealing his idea.

"As far as I know, there are many companies making gold jewelry now," Chen Yiyang queried.

"Yes, there are many, but they’re all too low-class," continued Gao Xuming. "Did you know that those major gold jewelry shops actually sell gold jewelry by weight?"

"Uh." Chen Yiyang was a bit puzzled by the statement.

Selling gold not by weight, then by what?

But soon, Gao Xuming offered an explanation.

"If you sell gold by weight, it’s like telling the buyer that the most valuable part of this gold jewelry is actually the gold itself.

And your craftsmanship, your brand, are worthless in this piece of jewelry.

When people want to resell your jewelry, the recyclers only offer them the price of the gold."

"So how do you plan to sell it?" Chen Yiyang was starting to grasp the other’s approach.

"Sell by fixed price," said Gao Xuming, "In the store I plan to open, all gold jewelry will be at a fixed price. It won’t matter how many grams of gold are used, only focusing on craftsmanship and style.

At that time, I will find some heritage craftsmen to make limited edition gold jewelry, which will be sold according to the craftsmanship and limited quantity.

No matter how many grams of gold are used in a piece, in my store, it will be sold only by its craftsmanship according to a unified standard."