The Man in Power After Being Married into Her Family
Chapter 3597

If the taste of the medicine was too bitter, it would usually be dried first before being placed on the production line to administer the tablet made out of sugar-coated tablets such as the most common vitamin C tablets, Mivolis.

Charlie took a portion of each of the two medicinal mud and crushed them with his fingertips. After smelling them, he nodded with satisfaction and said," These two medicines are very well-made. Remember to give a red envelope to the team who worked overtime." Liam heaved a sigh of relief and hurriedly said, "Don't worry. I will definitely give everyone a red envelope when I go back."

As Liam spoke, he then added, "By the way, Master Wade, the cost of the Golden Life Renewal Pill is really too high. All of the materials are precious herbs, and it cost nearly one hundred thousand dollars just for the trial production of this medicinal mud..." Charlie nodded and said seriously, "The requirements for the herbs of this kind of medicine are already very high and so, the cost will definitely be high. If this medicine were to be placed on the market in the future, I'm afraid that only those rich people would be able to afford it."

Liam sighed and said, "This is the law of business, and

it is also the reality of the situation. It's just like those luxury cars that often cost millions of dollars because of the cost, materials, and brand value that are piled up. They really serve the rich, and ordinary people do not stand a chance at all." Charlie sighed and said, "It is indeed the law of business, and there is nothing that we can do about it."

As he said that, Charlie then said to Liam again. " Liam, you should also try to make a batch of the Golden Life Renewal Pill first. After that, you should market it as a high-end tonic product from The Apothecary Pharmaceutical. As for the price, it should naturally be set higher. The domestic retail price should be more than ten times of the expected total cost, and the foreign retail price should be more than twenty times."

"After production, you can give some to high-end customers to try so that you can see their response. If there is a very urgent demand for this medicine, the price can then be increased again appropriately."

It was not that Charlie was wicked, but the price of high-end medicine already had a very high premium component in itself. This was especially so for high-end tonic medications which were outrageously expensive.

Although the popularity of cordyceps has dropped a lot over the recent years, the price had not dropped at all. The price of high-end cordyceps per gram was even more expensive than gold.

It was also the same case for herbs and materials such as ginseng and deer antlers.

Liam naturally understood this business logic, and he did not hesitate as he said to Charlie, "Don't worry, Master Wade. I will start making a batch of samples immediately after I return."

As he spoke, he then hurriedly said, "Master Wade, I suggest that we should not make a tonic like the Golden Life Renewal Pill a medicine but a health product instead. This is because the censorship for health products is much more relaxed, and there will also be a higher degree of freedom too." Charlie nodded. "Let's just do as you say, then."

Liam asked him, "Master Wade, what should we call this health product?"

Charlie thought for a moment before he blurted out," Let's call it the Apothecary Gold-Life Renewal Pill! Make capsules after thoroughly drying and powdering the medicinal mud, and market it as a high-end health product."

As Charlie spoke of this, he

instructed him again," However, let's

not cooperate with any other pharmacies. as well as supermarket outlets. After all, our product must be the best in its category. Furthermore, The Apothecary Pharmaceutical has a considerable amount of popularity now, and there is absolutely no need for us to rely on other people's sales channels."

"Letting others sell for us will not only take away our profits, but it will also bring us management risks."

"It's just like how some well-known liquors are called national liquors. It is not a problem for the dealers to increase the prices at all, and there are also a lot of fake products sold on the market. Many people get mixed in with the real and fake goods, making a completely miserable mess in the market."

"One thousand four hundred and ninety-nine dollars for a bottle of liquor would have been very expensive in itself but as a result, the consumer could not buy it a tall. If the consumer wanted to buy it, he can only spend twice the amount of money to pay for the price. The dealers are the ones who led to this unhealthy model and so, we should cut out the dealers directly and only sell to direct customers!"

"When the time comes, we can also open an online flagship store so that all users can order online. In the future, there will be more variety, and we can also open directly-operated stores in order to ensure stable terminal prices and eliminate counterfeit goods!" Liam responded without any hesitation, "Okay, Master Wade. I will start working on the official flagship store online immediately!"