Chapter 0008 Sales are Booming
With the support of the royal family, along with a high social prestige and His Highness's own status, there should be no one in all of Germany who would dare to covet our interests anymore. Karl nodded repeatedly, believing that Qintian had considered this matter very thoroughly.
This is all my savings, a total of 5 million marks, to be used as the startup capital for the company. If we use it sparingly, it should be sufficient. You can serve as the legal representative of the company. I will give you 20% of the company's shares," said Qin Tian. Given his status, it was not appropriate for him to act as the legal representative of the company. Having Karl take on that role was the most suitable choice.
Although three months were spent on preparation, the time was too short. However, now that time is pressing, he does not have that much time to prepare properly
"Karl, this problem is actually not difficult to solve," Qin Tian said after pondering for a moment
However, Karl, although you hold twenty percent of the shares, the profit can only be allocated at ten percent. After all, the remaining forty percent of the shares is to be used for social welfare initiatives and contributions to the royal family
In order to promote the lottery, Qin Tian placed a large number of advertisements in major newspapers across Germany. The advertisements are also very enticing: Do you want to become rich overnight? Play the Double Color Ball, as a grand prize of five million awaits you
Karl looked at Qin Tian, contemplating how to resolve this difficult problem.
Qin Shou nodded and said, "Then after we register the company, we will apply for the patent"
Time passed little by little, on November 18, 1904, the Double Color Ball lottery of the German Lottery Company began to be sold throughout Germany. Initially, they only intended to sell it temporarily in Northern Germany. However, the power of advertising was so great that it quickly spread to Southern Germany as well
In this era, not many people can resist the temptation of a prize of five million marks. Once one truly wins the first prize, it would indeed mean becoming wealthy overnight
Qin Tian took a look and saw that this was a check issued by Deutsche Bank, with a face value of one million marks
Despite the massive advertising expenditure, which caused Qin Tian and his team to spend their funds as if they were flowing water, several million marks quickly ran out. However, similarly, the intense advertising bombardment made the Double Color Ball lottery extremely popular even before its sales began. All lottery players across Germany became crazy about the Double Color Ball. Even those who usually do not buy lottery tickets were drawn in. All lottery players across Germany became crazy about the Double Color Ball. Even those who usually do not buy lottery tickets were drawn in
Lottery sales outlets across various regions have formed long queues since the start of business. The sales of the Double Chromosphere lottery are booming comprehensively
Subsequently, the company began recruiting employees. At the same time, preparations for the launch of the lottery also commenced
"Your Highness, this is indeed a good method," Karl nodded.
Moreover, the lottery market is inherently a vast cake, and even if I were a prince, I could not consume it all. Therefore, I have decided to donate a portion of the profits I obtain to the royal family. In this way, with the royal family backing us, no matter how bold others may be, they would not dare to challenge us
Often, social prestige serves as a protective talisman. Once one attains a high level of social prestige, many underhanded methods become unusable. Otherwise, it would provoke a strong reaction from the entire society
Of course, Your Highness, I can understand. I am already very satisfied to receive a profit of ten percent. " Karl said sincerely. He knew that even a profit of only ten percent would still be an astronomical figure. After all, according to Qin Tian's plan, there would be three draws every week, which would amount to an astronomical figure over the course of a year.
If possible, he would certainly want to swallow all the profits. However, his current stature is still too small and fragile to bear such pressure. The only solution is to distribute a portion of the benefits to preserve the majority of the profits. In this way, it is certainly better than being devoured to the point of leaving no bones behind
The printed lottery tickets were specifically sourced from a professional printing factory chosen by Qin Tian and his team, which designed anti-counterfeiting features. Furthermore, the sale of lottery tickets is not like in later times when there is a nationwide network. Therefore, each lottery ticket is divided into two parts: the first part is held by the lottery player, and the second part is archived by the company after the ticket is sold. Sales will cease six hours before the draw. All archived tickets will be sent to Berlin. This is to prevent collusion and fraudulent claims for prizes.
On the following day, Qin Tian and Carl registered the company and simultaneously began applying for patents. The patents that Qin Tian applied for were not limited to just the Double Color Ball, but also included other lotteries such as the Super Lotto that emerged later.
Regarding the distribution of profits, Qin Tian has made the following plan. Twenty percent of the profits will be allocated to social welfare initiatives, another twenty percent will be contributed to the royal family, and the remaining sixty percent will be at his own disposal. After all, the funds required for Qin Tian to fulfill his commitment to donate a battleship to the German Navy is not a small amount.
Your Highness, this is the startup capital my father gave me said Karl with a smile
Your Highness, it is my honor to partner with you. Moreover, this is inherently a project that guarantees profit. If I were to hold such a large share without contributing a single penny, I would feel uneasy. Let this sum be considered my investment.
"Carl, where did you get so much money from?"
Haha, it seems that His Excellency Jonalight is still very supportive of us. Qin Tian laughed heartily along with *Tu* and *Shu*.
Karl, the company we will establish in the future will be named the Welfare Lottery Company. What is the Welfare Lottery? It is a system where a portion of the profits from lottery sales is allocated to the construction of social welfare projects. For instance, providing food and medical assistance to the poor, and offering financial support to orphanages, among other initiatives. In this way, we will gain a high reputation in society. If others wish to take action against us, they will have to consider the public's reaction.
The prince's status allowed Qin Tian to enjoy many privileges while handling these affairs. What would normally take a long time to process was completed within a week.
Alright, let's proceed with that. Tomorrow we will register the company, find an office location, and begin preparations. Within three months, our lottery will officially be launched for sale said Qin Tian
Your Highness, we can first promote it in Northern Germany, and after achieving success, it will be much easier to expand to Southern Germany. Of course, for this approach, we need to apply for a patent first. Otherwise, those fellows will quickly start to imitate us," Karl said through clenched teeth.