“Remember to send a bonus to the team working overtime when you go back.”
Liam Weaver sighed in relief and hurriedly said, “Don’t worry, I will give them cash bonuses when I go back…”
After that, favonovel.com said again, “By the way, Master Wade, the cost of this is too high. It is all precious medicinal materials. Just trial-producing this piece of medicinal mud, costs nearly 100,000 yuan of medicinal materials…”
Charlie nodded and said earnestly, “This kind of tonic medicine has very high requirements on the medicinal material itself, and the cost is affirmative. If this medicine is brought to the market in the future, it will probably be the same as rejuvenating pills. Only those who are rich can afford it.”
Liam Weaver sighed, “This is the law of business, and it is also the reality. It is like those luxury cars that cost millions of dollars. The costly materials and brand value are piled up there. They serve the wealthy. Ordinary people simply don’t have the opportunity.”
Charlie sighed, “It is indeed a business law, and there is nothing to do about it.”
After that, Charlie said to Liam Weaver, “Liam, you should also try the Healing Salve Pill first. Make a batch and put it into the market as a high-end tonic of our Oracle Pharmaceutical. As for the price, it is natural to set it a little higher. The domestic retail price must be more than ten times the estimated total cost, and abroad it will be more than twenty times. After it is produced, you can give some high-end customers a try first to see their response. If they have a very urgent demand for this drug, then the price can rise appropriately.”
This is not Charlie’s heart. But the price of high-end medicines has extremely high premium ingredients, especially high-end tonics, which are outrageously expensive.
Although the popularity of Cordyceps has dropped a lot over the years, the price has not dropped at all. High-end Cordyceps is more expensive per gram than gold.
The same is true for things like ginseng and antler.
Liam Weaver naturally understood this business logic very well, and said to Charlie without hesitation, “Master Wade, don’t worry, I will start to make a batch of samples immediately after I return.”
After that, favonovel.com said, “Master Wade, Healing Salve Pill is a big tonic. I suggest that we don’t make it into medicine. It would be better to make it into health care products. The review system of health care products in countries around the world is much looser, and once we position it as health care for the product, we can not only sell it in pharmacies, but also in supermarket stores and online. In that case, the degree of freedom will be higher.”
Charlie nodded, “Just do what you said.”
Liam Weaver asked him, “Master Wade, what is the name of this health care product?”
Charlie thought for a while, blurted out, “Just call it the same, Healing Salve Pill! The herbal mud is thoroughly dried and powdered and then made into capsules for high-end health care. The identity of the product goes on sale.”
Speaking of this, Charlie asked favonovel.com again, “But let’s not cooperate with pharmacies or supermarkets. After all, our products must be the best in their class. In addition, Oracle Pharmaceutical now has a lot of popularity. There is no need to rely on other people’s sales channels. Letting others sell for us, not only to divide our profits, but also to bring us management risks. Like some well-known liquors called national liquors, It’s fine for dealers to increase their prices. The market is still full of fakes, and many people sell the fakes together, making the market miserable. A bottle of 1499 liquor is already expensive, but it turns out that you can’t buy it at all. If you want to buy it, you can only spend twice the price. This unhealthy model is almost entirely caused by dealers’ speculation, so we directly cut off dealers and only do direct sales! At that time, we will open an online flagship store so that all users can order online. In the future, there will be more varieties, and we can also open direct stores online, so that we can ensure stable terminal prices and eliminate fakes!”
Liam Weaver said without hesitation, “Okay Master Wade, I will immediately start working on the official flagship store online!”
Visit VIRTUAL NOVEL for more available chapters of this title!
