Chapter 331 Pacific Book Network
“Boss, the book website has been created.”

Feng Kan called to give a routine report, “The Pacific has received it, and it will probably enter the testing phase soon.”

Liu Hongmin nodded, “Okay, I understand.”

After hanging up the phone, he immediately called Richard.

“Richard, I heard from Feng Kan that the website has been completed.”

Richard: “Yes, Pacific is already debugging it. But the marketing department thinks it will take three months of testing, and the website can only be launched after it can run normally.”

Liu Hongmin nodded, saying that it was normal to test a new website because many bugs would not be exposed at the beginning, but would need to run for a period of time.

“Is the online payment system ready?”

The online payment system is critical, because buying books requires making money.

Richard smiled and said, “This is easy to solve. We have cooperated with the telecommunications company. People who want to buy books can directly use their phone bills to settle the bill.”

Liu Hongmin was stunned for a moment. He had actually forgotten this settlement method. The main reason was that this payment method was too old and he had never come across it before.

The earliest payment method he remembered was the point card, which was derived from the mobile phone recharge card. Phone bill payment is even older than mobile phone recharge cards because it was a payment method from the landline era.

However, in the United States, this payment method has been around for a long time. In 1982, HSN was established in Florida as the world’s first TV shopping company. By the end of the 80s, TV shopping was commercialized and soon swept across the United States. The settlement method for TV shopping is to use telephone bill deduction. After deducting the handling fee, the communication company settles the money to the TV shopping company.

It is normal for Pacific to choose this ready-made settlement method. However, this payment method has a serious disadvantage, which is that the buyer needs to deposit the fee in advance. If you want to pay the fee, you need to go to the communication company to pay.

If a buyer makes frequent purchases, there are only two possibilities: one is to deposit a large amount of money in the communication company, and the other is to frequently visit the communication company to deposit money.

The former will take up the buyer’s living expenses, while the latter will waste time, both of which will bring unnecessary trouble to the buyer.

“We still need to update our payment methods. Although direct debits for phone bills are good, they have obvious limitations. If the telecommunications company blocks our funds, Pacific may face bankruptcy.”

Richard thought about it carefully and realized that this was indeed a disadvantage.

In fact, there are such voices within the company. After all, Liu Hongmin’s identity is sensitive, and cooperating with him is like walking on a tightrope, and one must be fully prepared.

“Mr. Liu, do you have any ideas?”

Liu Hongmin said: “I think we can use the channels of Random House and Hasbro to purchase a kind of website recharge card. There are two randomly generated strings on this recharge card, which need to be scratched to be seen. After entering these two strings at the recharge entrance of the website, you can get the recharge of the corresponding value. In this way, it can help buyers save time and obtain part of the pre-deposit income for the website.” Richard’s eyes lit up when he heard this.

After the recharge card is sold, it will not be recharged immediately, but the money used to buy the recharge card will be deposited into the account of Pacific Bank, which is equivalent to the deposit of the buyer. Whether it is put in the bank to earn interest or used to develop the company, it is a good choice. If Pacific Bank can spread the supply to the whole United States, the amount of money will reach hundreds of millions of dollars.

In this way, Pacific will develop rapidly and recover its costs and become profitable in less than two or three years. If it is operated properly, Pacific may be listed in a few years, and major shareholders can reap a fortune in the stock market.

Richard conveyed Liu Hongmin’s idea to Pacific, and Pacific’s management thought it was a good idea. If this payment method can be established, then Pacific can completely rely on this new payment method to become a partner for many companies that need online payment products. At that time, Pacific will become a partner of many Internet companies like telecommunications companies.

After the point card channels are widely used throughout the United States, Pacific’s listing is just around the corner.

Foreseeing the future development of Pacific, the executives are full of energy. Before the company goes public, some shares will be transferred to the executives so that the executives can work hard and cooperate with the company’s listing. After the protection period, the executives can sell their shares and become rich.

In addition to personal benefits, there is also an improvement in social status. Executives of newly minted unicorn companies will become the new darlings of the business world and will be respected wherever they go.

If you are lucky, you may be able to use this as a stepping stone to become a guest of honor of some important figure.

With so many benefits, the executives of Pacific Company immediately passed the resolution of point card recharge and then implemented it at the fastest speed. It took three days to apply for a patent, half a month to complete the upgrade of the recharge system, and one month to get the physical point card.

点卡分为5美元、10美元、30美元、50美元和100美元五种，按照90%的价格批发给经销商。为了推广点卡，太平洋公司做出了使用点卡购买图书享受九折优惠，10%的差价足以慢慢的从电话费代扣渠道抢来绝大多数的客户。

After the recharge system was upgraded, it was immediately added to the test of the book network. Testers were drawn from various warehouses to conduct tests on public network facilities in different regions. From order placement to feedback to the warehouse, and then to the warehouse system and mailing system testing.

The test ended on November 11th.

Pacific Company reported the BUG and other issues back to Liu Hongmin’s computer company, and the loopholes were fixed. After a month of hard work, the BUG was fixed and Pacific Company conducted a second round of testing.

In this way, after three rounds of testing, the website has become very stable and can be put online for sales.

In March 1993, Pacific Books Network was officially launched. Pacific Books spent tens of millions of dollars to place advertisements on different web pages. Soon, the first order came in, and then more and more orders followed. On the first day, thousands of books were sold.

As time went by, more and more netizens knew about this website, and the daily transaction volume gradually increased from one thousand to ten thousand.

On March 3, Liu Hongmin released the latest series of World of Warcraft, “Wrath of the Lich King”, and officially entered Pacific Book Network.

The trading volume exceeded 3 copies on that day, and continued to rise thereafter, reaching its peak on March 20, exceeding 50 copies.

(End of this chapter)