Reaching the age of thirty, my income randomly doubled

Chapter 667: Chapter 480: The Honest Chen Lu

Mid-September still saw quite a few significant events happening.

Chen Pingsheng also issued some new regulations within the group, mainly regarding some detailed aspects.

Primarily, these focused on the area of short video live stream selling.

It turns out that short video live stream selling is also a type of new e-commerce model, with all anchors claiming not to be making money, but rather losing money to make friends with families.

Yet, in reality, these major anchors are seeing their personal fortunes soar.

The revenue from live stream selling mainly comes from two sources.

The first is the so-called “slotting fee,” also known as advertising fee.

How much depends on the ranking of the major anchor.

The second is the extraction of high sales commissions, ranging from 20% to 60%.

If you do the math, it turns out that buying in live stream rooms is far less cost-effective than going directly to major e-commerce platforms like Alibaba and Pinduoduo.

Despite this, many people favor this new model of e-commerce.

Chen Pingsheng firmly believes that be it live stream selling or internet celebrity selling,

if it relies on earning slotting fees and exorbitant commissions for quick profits,

such a model is doomed to be short-lived; to retain customers over the long term, what’s most crucial is the reputation.

When the secretary Zhang Wanyi sent over the sales planning of Teng You Media,

Chen Pingsheng directly eliminated the so-called product slotting fees and also capped commissions within 30%.

At his level, he is not in pursuit of short-term benefits.

What he seeks is long-term income.

Clearly, any industry, aside from monopolies that lack their own core advantages and blindly pursue quick profits,

is bound to have an unsustainable profit model.

Chen Pingsheng certainly does not hope that after a few years of Teng You Media’s selling efforts, the market reputation would collapse.

In the afternoon, his old classmate Yao Anni came to see him.

Primarily, it was to coordinate with Teng You Media on live stream selling of clothing.

TikTok will definitely open up sales in the second half of the year, and after the initial traffic is generated, be it the platform or their kind of brokerage, they naturally have to seek monetization channels.

After giving a few instructions, Chen Pingsheng sent Yao Anni to Guangzhou to find Zhang Wanyi.

To discuss the specifics in detail with her side.

They would come back to him with the specific cooperation details for his review once it’s settled.

After all, it’s all within the family businesses, cooperation is quite smooth.

When heading home after work, Chen Pingsheng also made a special trip to Tenghuo Department Store.

He even bought a dozen or so hairy crabs there.

It was the season for eating hairy crabs again, and both of the little ones at home happened to love them.

He bought some to take home along with some potatoes and cucumbers.

As he was preparing to leave, he happened to see a young man making a loud fuss at the entrance.

It wasn’t anything unusual, just a father who had brought his daughter to shop at Tenghuo Department Store.

His five-year-old girl had fallen over in the hall, and the man had his daughter sitting there without getting up.

He grabbed a megaphone and loudly demanded compensation.

After years of running the business, Chen Pingsheng had seen all sorts of people.

Back when Tenghuo Department Store had just started the “buy one, get ten times the refund” promotion, many old ladies would rush in to make a fuss claiming they bought expired goods.

If you asked where the goods were?

They would say they ate them.

And if you asked how they could prove their purchase was expired?

The old ladies would retort: “The food that went into my stomach, whether it’s expired or not, don’t I know?”

Looking at you with disdain.

When it comes to logic, they are simply invincible.

Later on, as the group grew larger, they established a very strong legal department.

Anyone suspected of making trouble without reason, attempting to profit through illegitimate means,

would typically be taken to court.

Under the charge of fraud, no less.

The man was a piece of work too; after divorcing his wife, he hadn’t sought work in years.

He lived off tricking with his daughter here and there.

Relatives they could borrow from, had just about all been asked for a loan at least once.

A good appearance amounts to nothing next to the importance of having food on the table.

It’s just the little girl at home who ends up suffering!

Chen Pingsheng didn’t bother to deal with it and just left directly.

The events that followed were for the store manager to handle, and under normal, reasonable circumstances, the company would compensate quickly.

If the circumstances were unreasonable, not only would there be no compensation given, but also a court summons would be delivered.

When he got home, his wife was teaching the spoiled brat how to do his homework.

As for Er Piya, after becoming friends with Guo Jiajia, no one in her class dared to provoke her again.

Whether she can’t beat ten people or not doesn’t matter anymore.

The reason was all figured out: she just didn’t want to endure the hard work of practicing martial arts anymore.

And so, she resumed her big venture into livestreaming.

“Dad.”

“What’s up?”

“Why is it so hard for my sister to come first in class?”

Upon hearing this, Chen Pingsheng instantly didn’t feel like talking to her anymore. Er Piya had no friends in her class.

This little sharp-tongued lady definitely had a big part to play in that.

“Who says your sister has a hard time coming first? She just doesn’t want to right now, just wait until she wants to, then you’ll see!”

“Oh…” Er Piya clearly didn’t believe it. Her sister, apart from her high combat value, had always performed poorly in her studies.

“Dad, I can surely bring you a wall full of academic awards.”

“Are you eyeing something to buy again, spouting such sweet talk out of nowhere?”

“Hehe.” Er Piya rubbed her hands together.

“It’s just you really know me, Dad, I just want to set up a bigger livestreaming room at home so that I can perform better.”

Chen Pingsheng thought she had some serious issue, but it turned out to be just this.

To set up a separate livestreaming room? How hard could that be?

Even if his house was small, it still had over two hundred square meters of space.

Setting aside a small area for her to livestream in wasn’t a big problem.

His small study had hardly been used; he could let her have it.

Er Piya happily went to tidy up.

After Song Yanxi left the spoiled brat’s room, she called him to the small living room next door.

Chen An’an was truly making an effort now, diligently studying every day.

Song Yanxi, as a mother, was quite pleased.

She was even considering hiring another tutor for her, but Chen Pingsheng didn’t think it was necessary.

Not to mention others, but their good family friend Shen Youwei, didn’t she graduate from a prestigious university?

If they needed to hire a tutor, why not ask her?

Of course, they had to ask the spoiled brat for her opinion first.

They would only seek help if she wanted it; there was no need to insist if she didn’t want to.

Everything was up to her.

Song Yanxi thought this was a good approach too, and now that she was less busy, she could spend more time with her kids.

“Pingsheng, I think Little Third is a bit too well-behaved.”

“He’s only one year old, how can you tell he’s well-behaved?”

“Of course, it’s my intuition!”

Song Yanxi was quite surprised when she mentioned Little Third, thinking of Chen Lu’s two sisters.

The spoiled brat might be a little less gifted in academics but was definitely strong in other areas.

And the thing she feared the least was being bullied.

Er Ya was pampered and spoiled, with a whole bunch of minor issues, but she was definitely not one to shy away from trouble.

Little Third Chen Lu was different; when Song Yanxi took him out to play in the neighborhood, he ended up being bullied into tears by a girl about his size.

How could this be allowed?

Chen Pingsheng felt she was completely overthinking it.

It’s true that Little Third doesn’t hit others, but to say he’s well-behaved, that’s still clearly too early to tell.