10 rising small business trends in 2016
TRANSCRIPT
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New payment technologies, consumer interests and business needs will shape 2016 into an interesting year. Here are ten trends you as a business owner should take full advantage of and adopt them.
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Millennials: 86 percent of millennials are willing to provide insight on their consumer habits and decision-making processes, often through the use of online surveys.
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Business Intelligence:New self-service tools prove that business intelligence is no rocket science but rather a useful tool to help turning data into informed decisions.
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58 percent of consumers say they are willing to add items to their virtual shopping carts to meet the free-shipping threshold.
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If you want to consolidate your presence in your customers’ minds and make them stay with you, you must respond to or even forecast their needs.
Click to create online surveys.
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Web Presence: 97 percent of Internet users conduct online research on local products and services before committing to a purchase.
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Cloud Storage: Small businesses will be able to reduce overhead by cutting their IT payroll and hardware expenses.
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EMV PAYMENT SECURITY: The national migration to EMV(Europay, MasterCard and Visa) payment standards ( microchip debit and credit cards) is virtually guaranteed to safeguard small businesses and their customers against fraud over the next year.
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Visual Content:Colored visuals increase people's willingness to read a piece of content by 80%.
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Selling Via Social Media: Consumer adoption rate for buy buttons is forecasted to be high and will have a huge impact on 2016 sales.
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Online Lending: In US online lenders have grown 175 percent a year, as business owners create demand for a more personalized and flexible approach to finance.
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Which of the trends would you like to pick?