In 1998, a young man started as an e-commerce merchant with an annual income of 20 million yuan. How did he achieve this?

Tech 2023-05-12 19:51:56 Source: Network

Zhejiang young man, 25 years old, has never attended university, works in e-commerce, with an annual income of 20 million yuan, and can earn up to 2 million yuan per day. Isn't it incredible

Zhejiang young man, 25 years old, has never attended university, works in e-commerce, with an annual income of 20 million yuan, and can earn up to 2 million yuan per day. Isn't it incredible.

When I first saw this video, I couldn't believe it, but there are always people in this world who have a very flexible mind and strong execution ability to stand out.

This person's name is Yu Wen. I painted the story of this person on Tiktok. At first, I thought it was untrue and very fake.

When I saw the young man's conversation behind me, I found that his thoughts were clear and his expression logic was very organized. Although he had not studied in college, his cognition was not lower than that of those who had read books.

In fact, in my opinion, telemarketing is no longer a blue ocean industry. Why Yu Wen has achieved such success can be seen by looking down.

Engaged in e-commerce in 2014

Yu Wen has been in contact with e-commerce since 2014 (it has to be said that entering the industry has always been about getting meat) and has partnered with others to open an online store for a certain cat.

But at that time, I didn't have much experience, and I didn't understand the operation of the store yet. The expenses and revenue of the store didn't match on the book, and it wasn't long before the store closed and closed down.

Later on, he went out on his own and started his own business. His entrepreneurial direction is also very interesting, which is to make money with poor information.

For example, if he sells a 19.9 electric blanket on another platform, he will use technical means to copy all the product details and illustrations of the 19.9 electric blanket on this platform, and then hang it on his own platform store for 59.9 yuan.

Everyone, don't be in a hurry to question whether this approach can be implemented or achieved, but at least this guy has earned his first bucket of gold from it and has financial freedom in less than a year.

I'm the same as everyone. When I saw this place, I thought it was a bluff. Why should people buy the 59.9 thing instead of the 19.9 one.

This is the information difference I mentioned earlier. The first one usually only uses this e-commerce platform that I have opened before, but he doesn't need to use a certain amount. Is that because this group of people will never have access to the 19.9 yuan electric blanket? This is the information gap.

People who need to buy an electric blanket will not compare multiple platforms before deciding whether to buy it. Firstly, this item is not expensive, and secondly, it is a daily necessities, and if it is too cheap, it is not reliable to use it in the heart.

Another important factor was that Moubao had a mechanism of "thousands of people and thousands of faces" at that time. what do you mean? Everyone searches for the same product and sees different results. Why is it different?

For example, for users with a daily consumption level of 300-500 yuan, Moubao will not recommend products around 100 yuan. Similarly, for those with a consumption level of 500-1000 yuan, they will not see products around 300 yuan. They will recommend products at corresponding prices based on the average customer price of the user.

It is precisely because of the mechanism of "thousands of people and thousands of faces" (of course, this mechanism has long been canceled, and people should not think of replicating such operations) that a large number of people with consumption levels can see his higher priced electric blanket.

Yu Wen said that a store selling 19.9 can sell 30000 units a month, and his store can sell more than 10000 units, but his price is more than twice that of the original store.

Moreover, this method does not require a warehouse, has no venue costs, and even has higher profits than the original store. When a user places an order in their store, they transfer the order to the original store and place the same order, with this intermediate price difference.

Moreover, Yu Wen was not only operating such a store at that time, it is said to have operated hundreds of such stores simultaneously. Soon, in about six months, he became financially free.

Learning through online courses

When it comes to where these e-commerce experiences were learned, the young man's answer also surprised me. The young man said that he spent 2980 yuan online to buy a class and learned it through practical practice with the teacher in class.

This not only made me marvel at the execution ability of this young man, who was able to spend nearly 3000 yuan at that time to buy online courses for learning, but also without knowing whether this online course could bring exact benefits to himself.

Sometimes the gap between people can be reflected in their execution ability. Some people are good at talking, but they just can't move and are just talking on paper. These people will not make much progress in the next three to five years or even ten years.

The young man said that in today's society, everything has to be paid for, and eating, smoking, and going to bars have to be spent. However, when I spend money on online classes, I am ridiculed by the people around me.

I think people nowadays are very strange. They would rather spend money to do things that briefly please themselves, but they are unwilling to spend money to learn knowledge and improve themselves. Taking the bus costs 2 yuan, and learning knowledge is free. I think paying for knowledge is a normal social phenomenon. I have also bought some online courses myself, and the quality is indeed quite good.

Annual income in millions

The young man is still very self aware, knowing that he has not attended college, and will also find ways to improve his cognition through various means.

By the time of 2018, the young man's career had reached its peak, with a net profit of 20-30 million yuan per year. What is this concept, pure profit? It should be noted that by the time he was only 20 years old in 2018, he had already become a millionaire.

It is said that during this period, he operated a total of over 80 online stores, each of which could bring significant profits. He also dabbled in a wide range of products and had his own methodology for selecting e-commerce products.

For example, some products have 200000 searchers, but there are 1 million items on sale, which is not within the scope of product selection considerations. If there are more than 200000 people searching for a certain product, but only 50000 to 100000 products on sale, this is a good product. The guy also gave examples, such as women's clothing, hair removal cream, etc.

During the interview, the interviewer kept asking about some of the routes and details of the e-commerce track, and the guys answered fluently and carefully. After watching this video, I felt that I had gained a lot of knowledge. It turns out that there are still people who can make money like this.

Transition Track

The epidemic that occurred in 20 years has led major e-commerce platforms to crack down on this "no source" model, and Yu Wen's profits have also been compressed. It was not until this track became basically unbearable that he withdrew and switched to a new track.

I think people with brains can come up with ways to earn money anywhere, which is why this guy sees other platforms having a "good thing planting grass" activity.

In this "good thing planting grass" activity, he simultaneously operated 800 accounts, posted 800 planting grass videos every day, and earned an additional 40 million. At its peak, he earned over 2 million yuan a day.

This "good thing planting grass" actually posts a video explaining a product, then hangs a connection, and clicks in to directly place an order for the product. It's such a simple activity that others cannot discover the business opportunity, and this guy can discover and still grasp it.

My opinion

Many readers may still feel that this is fake and untrue, and how could money be like picking it up. I have seen a sentence before that I think makes more sense,What you haven't seen before doesn't necessarily mean it doesn't exist; what you don't understand doesn't necessarily mean it's wrong.

I think each of us has limited cognition, and there are always some people and things that are not within our scope of cognition. Of course, believing or not believing is still one's subjective feeling.

I believe that the reason why intelligent people can discover business opportunities, find opportunities, seize opportunities, and achieve financial freedom is because they possess many excellent qualities and abilities.

Firstly, they possess an open mind and curiosity, able to constantly try to see different aspects of things, and have an open attitude towards new ideas and technologies. This enables them to identify market demand and trends, identify unmet needs and opportunities.

In addition, they also focus on improving their skills and knowledge, enhancing their competitiveness by learning new skills and knowledge, and discovering new opportunities and business opportunities.

They are willing to take risks and take action. Seizing opportunities requires courage and determination, as well as taking on certain risks and trying new ideas and methods.

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