So ruthless!
As soon as Wang Yu spoke, everyone winced.
Despite his nice words about no deposit being required,
forcing them to declare their own sales targets, this price-highest-gets-it approach was incredibly brutal.
If they set their sales target too low, the agency rights might be snatched by someone else, and if they set it too high, they would be the ones suffering.
To meet sales quotas, they would have to invest in various promotional and operational costs, and at times, even sell at a low price or at a loss to boost sales volume.
And if they arbitrarily set a target and failed to meet it, they would have to pay liquidated damages and fines!
If they couldn't pay the liquidated damages, they would be blacklisted as uncooperative. Without a doubt, Wang Yu had blocked all their escape routes!
It was a blatant, open scheme!
Of course, some might choose other regional markets and not put all their eggs in one basket.
But for anyone who had actually done business or engaged in sales, they knew that regional markets were like cultivating a piece of land.
Some land could easily grow crops, while other land, no matter how much effort was put into it, couldn't produce anything.
Even if some individuals had strong personal abilities, they would often have to expend a lot of manpower, resources, and energy to achieve the same results as someone casually cultivating ordinary land!
Reality was often this unfair!
Everyone present was smart, and naturally, they all wanted to secure good market areas.
For example, Jiangping City, as the birthplace of the first agricultural vehicle in the country, had a market demand and capacity greater than the combined three surrounding prefectures. It was obvious who would make money!
"Alright, everyone can start bidding."
Wang Yu said with a smile, seemingly intending to use a live auction method.
It was clear he wanted to squeeze every last drop of profit from these people, yet they couldn't give up the opportunity to make money.
"This..."
Everyone looked at each other, clearly not expecting this turn of events and unsure of what to do.
"I am from Jiang'an County. My family has lived there for decades, and I don't want to go fight in other places. I'll take the agency rights for Jiang'an County."
The shrewd short man from before broke the deadlock. "I guarantee 30 units in orders per year."
His words were artfully crafted, specifically mentioning being a local for decades to highlight his identity.
Jiang'an County was the most populous county, and its market capacity was undeniable. However, its economic level was also less developed, so not many people were competing.
Only one person, who was in the accessories business with Hu Pangzi, hesitated and then offered a sales target of 35 units.
But the short man immediately countered with 38 units.
The other party hesitated for a moment and then withdrew, allowing him to smoothly secure the agency rights.
With his lead, others soon followed with their own bids. However, other regions were not as straightforward, and some key market areas even became fiercely contested, making for a lively scene.
"65 units!" Hu Pangzi growled through gritted teeth, determined to secure the regional agency for Jiangping City.
Across from him, an old man with a goatee sneered, "You think a mere 65 units can take over Jiangping City? I bid 70 units."
"You... I bid 75 units."
"80 units!"
"85!"
...
Neither of them backed down, and the numbers quickly rose to 98 units.
Hu Pangzi's plump face was contorted beyond recognition, and the goatee old man fared no better, his eyes wide and bloodshot.
"99 units! Young man, you need to think carefully. The market isn't that easy to conquer!
I am a retired cadre from an agricultural machinery company. I have connections, money, and resources. What do you have to compete with me? Don't end up losing money instead of making it if you can't meet your sales target."
The goatee old man said to Hu Pangzi earnestly, with unconcealed pride in his eyes.
"You..." Hu Pangzi's eye twitched, but the old man's words held a lot of truth.
Jiangping City's market capacity was indeed large, but there were also many competitors. It was fine for Hu Pangzi to operate on a small scale, but taking on such a large market was another matter entirely!
"Old Hu, maybe you should just let it go," the middle-aged man who had competed with the short man earlier advised. He had just secured the agency for Jianglin City with a target of 55 units. Jianglin City was where the earthquake had happened earlier, and Wang Yu and his group had just returned from there.
It was highly likely that Jianglin City would need a lot of dump trucks for reconstruction in the future, so the market prospect would not be bad.
"No! I hate those people from the agricultural machinery company the most!" Hu Pangzi gritted his teeth. "110 units! Old Hu is going all out!"
"110 units?" Everyone present was utterly stunned.
This was a bet driven by pride, a jump of 11 units!
This wasn't like cabbage at the supermarket that could be sold off the shelf.
Not to mention the considerable pressure of upfront cash payments. If by any chance they mishandled operations and couldn't sell the vehicles, they would be stuck with them!
"Old Hu, don't act impulsively," others who seemed to know Hu Pangzi well were also trying to dissuade him.
"No, I'm betting on it!" Hu Pangzi said impolitely, then provocatively looked at the goatee old man. "Old man, are you going to increase your bid?"
"Fine, you have guts, kid!" The goatee old man pondered for a moment and gritted his teeth. "I won't play with you anymore. Let's see how you handle it when it all falls apart!"
"Hmph, you don't need to worry about it."
Hu Pangzi snorted, marking the end of the bidding.
Everyone else submitted their bids, and the market was divided. Then, along with Wang Yu, their attention shifted to the fuel-powered auxiliary vehicles.
Honestly, most of them had come for the new agricultural vehicles and mini dump trucks. They weren't particularly interested in other products, as cars were hard currency these days and sold easily.
But when it came to this particular item, no one was sure about its market prospects, and the atmosphere became somewhat tepid.
"For the fuel-powered auxiliary vehicles, you can sell them as add-ons. I have no requirements or conditions." Wang Yu's words brought relief to everyone.
It seemed that this item was just an additional bonus, something to be sold if profitable, and not if it wasn't.
As everyone breathed a sigh of relief, Wu Lingling, who had been silent all along, subtly curled her lips. Free things are often the most expensive!
No requirements or conditions meant no barrier to entry.
Anyone could choose not to sell it, and anyone could choose to sell it!
Heh, these people only saw immediate profits.
"Next are the remaining new products. I believe you will all be interested."
Wang Yu smiled and motioned for someone to unveil the other two tents. To everyone's surprise, inside were not the previously displayed hydraulic/wind power generators and mini fuel engines.
Instead, there were two very familiar objects!
"This!" Everyone froze.