2023/12/31 What should I do if the economic situation is bad?
It is better to earn the pocket money of the rich than the survival money of the poor.
Whether the rich are in a good economic situation or a bad economic situation, they will make money, they have money, and they also have a strong sense of paying for value, so it is easier to make money from rich people.
The economy is not good, and you have to earn the living expenses of the poor, you are both difficult for the poor and difficult for yourself, because they are difficult to survive, it is not easy, and it is difficult for you to get them to transfer money to you.
Sales of goods and services with high unit prices tend to be better in times of bad economic conditions, as the wealthy maintain a relatively stable spending power in the face of economic fluctuations. Sales of luxury brands such as Rolls-Royce and Chanel have risen during economic downturns, as the spending of luxury goods by the wealthy does not fluctuate as much as economic conditions change.
In times of economic downturn, the lives of ordinary people are often greatly affected, and problems such as declining income, unemployment, and financial pressure make it difficult for them to have the ability to make high-value consumption. Unlike the wealthy, who have a strong wealth base and are relatively affected by economic fluctuations, they can still afford to buy high-value goods and services.
In this case, it is more reliable to earn money from rich people than from ordinary people. This is because the wealthy are generally more conscious of paying, they are willing to pay for value, and their spending power is relatively high. In contrast, the average person may spend less because of financial pressures or opt for cheaper alternatives, which makes it more difficult to earn their money.
In addition, from a business perspective, goods and services with a high average customer value tend to lead to higher profit margins. This is because a higher average order value means a higher sense of value and less elasticity of demand, which makes consumers more willing to pay a higher price for a good or service.
When the economic situation is bad, we should pay more attention to goods and services with high unit prices, and strive to make money for the rich. This is not to say that we should ignore the needs of ordinary people, but from a business perspective, it is easier and more reliable to make money from the rich. Of course, we also need to maintain sensitivity to the market and constantly adjust and optimize our products and services to meet the needs of different consumers.
In times of bad economic conditions, it is more reliable to earn money from rich people, but this does not mean that we ignore the needs of ordinary people. Ordinary people are still an important customer group for us, and they also have their own consumption needs and purchasing power. Therefore, we need to provide them with more cost-effective products and services to meet their needs.
At the same time, we need to recognize that a downturn does not mean that everyone will be affected. Some people may gain more opportunities and benefits in the midst of economic fluctuations, so we need to maintain a keen market insight and constantly look for new business opportunities and customer groups.
It is better to earn the pocket money of the rich than the survival money of the poor. This is not to say that we are unsympathetic or unfriendly to the poor, but from a business point of view, it is easier and more reliable to make money from the rich. Of course, we also need to maintain sensitivity to the market and constantly adjust and optimize our products and services to meet the needs of different consumers.
When the economic situation is bad, we should pay more attention to goods and services with high unit prices, and strive to make money for the rich. This is not to say that we should ignore the needs of ordinary people, but from a business perspective, it is easier and more reliable to make money from the rich. Of course, we also need to maintain sensitivity to the market and constantly adjust and optimize our products and services to meet the needs of different consumers.
We need to constantly innovate and optimize our products and services to meet the needs of different consumers, and maintain sensitivity and insight into the market to seize more business opportunities. In times of bad economic conditions, we need to pay more attention to goods and services with high unit value, but at the same time, we cannot ignore the needs of ordinary people. We need to constantly innovate and optimize our products and services to meet the needs of different consumers, and maintain sensitivity and insight into the market to seize more business opportunities.