What is the worst business to do?

First of all, the real estate industry and its related manufacturing industries, such as building materials, doors and windows, household hardware, whole house customization and other industries, as well as home appliances such as air conditioners, refrigerators and range hoods, will be more difficult in the future.

The second category is luxury brands. The main customer group of luxury brands is the middle class. And the economic recession, the main recession is the middle class, and the economic recession has little impact on the rich and the poor. For the luxury goods of the rich, it has little impact, and the rich are richer if they don't come. On the other hand, the poor have no spending power. And luxury brands will also decline with the decline of the middle class.

This third is a non-essential service industry. Like a beauty salon. Home economics, child care, catering training and other service industries. Not to mention tourism.

The fourth is the production of various non-essential equipment industries, such as recording, photography and other professional-grade electronic products.

The last category is all kinds of middlemen and dealers. In the incremental era, brands hope to rely on the local potential of dealers to help them open the market quickly.

So, it will give dealers enough profit space. But in the stock age. In order to stabilize their income, brands will face consumers online and form a competitive pattern with dealers. The era of getting fat by earning the difference is over.