What's wrong with me being a rich man?

Chapter 10 Thrilling
June 6th, late at night.

After taking a hot bath, Yu Xing sat down at his desk and turned on the desk lamp. He then stood up and turned off the ceiling light in the dormitory. He took out a lighter from the drawer and lit a red Nanjing cigarette that he had stolen from the dormitory next door.

His former roommates all went to the hospital for internship, and he has become accustomed to the quietness of the night.

The smoke gradually became blurred under the desk lamp, but the project I had been busy with in the past few days became clearer and clearer in my mind.

Thanks to the rough mathematical model established by Liu Wanying, Yu Xing has tried to calculate the probability using different pricing methods. The inferred probability has never exceeded 3.75%, and the lowest is less than 1%.

The essence of this product is probability.

In fact, its prototypes are indeed mostly insurance, including the gift money version of Anxin Insurance, the diamond version of Changan Insurance, the rose version of Tianan Insurance, the cash version of Taiping Insurance... there are at least a dozen similar products.

Is the purpose of insurance companies’ enthusiasm for innovation to benefit their customers?
Obviously, after careful calculations and detailed investigations, they have confirmed that such products are a sure win.

Once the core is established, the beginning and end of the product will be simple.

The biggest difference nowadays depending on who does it is the endorsement, which is the trust of the customers, but the result is just how much money you make.

Yu Xing crushed the cigarette butt into a makeshift ashtray and reached out to draw a SWOT analysis table on his notebook, which is a common analysis method based on the four dimensions of "Strengths, Weaknesses, Opportunities and Threats".

He pressed the tip of his pen on "threat", and the first thing he thought of was why those innovative insurance products had disappeared.

The sudden disappearance of a type of stable and profitable product can only be due to interference from above, the most direct of which is probably the China Insurance Regulatory Commission.

The reason?
Yu Xing had never thought about this before, but today he couldn't help but start pondering these things. After thinking about it, he was afraid that institutions like the China Insurance Regulatory Commission would feel that the impact would be bad.

What if this negative impact initiated by the insurance company is replaced by a non-insurance love contract?

It is not subject to the Insurance Law but follows the Contract Law. Does this kind of threat still exist?

Yu Xing thought for a moment, picked up his mobile phone, searched the legal provisions, and pondered them word by word and paragraph by paragraph.

In the previous communication with Liu Wanying, we did avoid going in the wrong direction, but this aspect still needs attention and is worth thinking about.

After a long time, Yu Xing looked carefully at a word on the screen of his mobile phone and wrote it down in his notebook.

——Public order and good morals.

In addition to not breaking the law, it must not violate public order and good morals.

As for how to define public order and good customs...

Yu Xing circled the word with the tip of his pen, roughly thinking about the threat to his own products in this regard. Then he thought of Liu Wanying's two suggestions and felt that their value was still increasing.

There are no detailed regulations on public order and good morals, and the same thing may have different results in two different cities.

However, if the risks are recognized from the beginning, there are measures to reduce the threat.

Yu Xing came up with some ways to hype the business, for example, he could select the elders in the clients' families and hold golden or silver wedding anniversary ceremonies for them free of charge, or even find more of them to hold a collective commemoration.

Then cooperate with the media to guide things in a positive direction...

Yu Xing wrote the word "正" and hesitated for a few seconds, then picked up the pen and crossed it out.

It is easy to destroy but difficult to build. If you have money and resources, you can carry out such hype, but you cannot be too optimistic that it can significantly offset the threat in that area.

There is no threshold and it is easy to copy. When similar competitors appear in the market, will they make such an investment?

If they don't do it, how effective will the investment you make be?
Good things don't go out, bad things pass thousands of miles.

It is originally a vertical sub-sector. What impact can it have on the above? If it is gone, it is gone.

and so……

Yu Xing picked up the notebook and stared at the probability calculation process on it.

Once the core is established, the product in your mind will naturally take shape.

There is no doubt that such a complete product can be made.

It just seems to be a very appropriate approach to make a product normally, consider risks in advance, carefully polish the team, and pursue long-term vitality.

But if the goal is to find a buyer, the approach will be different. Yu Xing thought of Liu Wanying, who only said two suggestions but actually gave three suggestions: to scale up and sell to potential competitors such as Jiayuan.com, Baihe.com, and Zhenai.com. These were the words she put after the two suggestions.

And the big Internet companies that I thought of from this.

If this is the case, there is only one thing to do now and in the future, which is to quickly increase the scale of the project rather than patiently build its skeleton and flesh.

With different results in mind, things are done completely differently.

How to choose?

Yu Xing's eyes were dim, and at this moment in the dead of night, it seemed as if the three real bodies appeared around him again.

If it were an accountant, a boss, or a belt-holder, what would they do?
Yu Xing seemed to hear their voices.

Boast, brag! Spend money, spend money! Leverage, leverage!

Yu Xing took a deep breath, and the dormitory remained silent.

He raised his hand and crossed out all the formulas and processes from top to bottom and from left to right on his notebook. The flesh and blood that had grown out of his heart seemed to wither in an instant.

This probability game is fun, but if you don’t have to make it to the final redemption stage, the probability is not the point.

If the purpose is only to launch projects, the core of the matter will naturally shift - you don’t need to pay too much attention to the product probability, just focus on increasing the scale.

Yu Xing closed his notebook and checked the time on his phone. It was only three months since the financial crisis on September 9.

In other words, time is indeed running out.

If the project can be sold, the money earned will be enough to make ordinary people happy.

Zhong Zhiling is an ordinary person, and Lu Haiying is an ordinary person.

I am also an ordinary person.

Yu Xing turned off the desk lamp and lay on the bed thinking carefully. He and Zhong Zhiling were just two ordinary people in debt. It would be best if the money could fill the deficit by then. If not, the situation could be alleviated quickly.

Even more, if the fight can be resolved before September, both men can return to their normal lives.

Yu Xing’s mind flashed with the helpless words of his junior fellow student: I just want to be an ordinary doctor.

He has been in trouble all his life, so why doesn't he want to be an ordinary doctor? Or, if he is not a doctor, he can just buy houses, buy some coins and enjoy life, which is also good.

Yu Xing closed his eyes, but the two different result-oriented company operations suddenly popped into his mind, extremely clear.

Although I have a lot of work experience and some experience in leading a team, this is the first time I have experienced how the way a project is run is completely different once the top-level design is determined.

In the darkness, Yu Xing unconsciously smiled.

feel good.

He turned sideways and stopped thinking about the project. He just kept repeating words like making money, buying a house, and buying coins in his mind to help him fall asleep.

After an unknown amount of time, Yu Xing, who was not sleepy at all, suddenly opened his eyes, and a thrilling thought quietly emerged in his mind: Buy coins, buy coins, why do I have to buy coins? Why can't I build an exchange?
The night is quiet and silent, and the true body is gloomy and silent.

Yu Xing's thoughts turned slightly, and he felt that it was too far away. The most important thing was to do the current thing well. Regardless of long-term operation or finding a buyer, the first thing to do now was to urge Liu Wanying.

The company in Hong Kong must be registered first. Once the company over there is settled, we will instantly have an additional digital endorsement - our company’s registered capital is five million.

Unlike the mainland where capital verification is still required, capital verification is not required in Hong Kong.

This lack of explanation will surely put many customers at ease.

As long as we can get customers in, there is a final probability, after all, the buyer will also be responsible for them.

At worst, wait till I buy...

Yu Xing paused and thought, anyway, I will definitely take responsibility in the future.

The new book still needs to be divided into chapters. There is still one chapter left, and the total number of words is even higher.

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(End of this chapter)