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10 Rising Small Business Trends In 2016

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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10 Rising Small Business Trends In 2016

  1. 1. 10 Rising Small Business Trends in 2016
  2. 2. 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.
  3. 3. 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.
  4. 4. 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.
  5. 5. 58 percent of consumers say they are willing to add items to their virtual shopping carts to meet the free-shipping threshold.
  6. 6. 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.
  7. 7. Web Presence: 97 percent of Internet users conduct online research on local products and services before committing to a purchase.
  8. 8. Cloud Storage: Small businesses will be able to reduce overhead by cutting their IT payroll and hardware expenses.
  9. 9. 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.
  10. 10. Visual Content:Colored visuals increase people's willingness to read a piece of content by 80%.
  11. 11. Selling Via Social Media: Consumer adoption rate for buy buttons is forecasted to be high and will have a huge impact on 2016 sales.
  12. 12. 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.
  13. 13. Which of the trends would you like to pick?

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