Top 7 Rising Business Trends to Watch Out for in 2019

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Do you run your own business? Are you looking for ways to grow in 2019? Perhaps you’re tweaking your business plan to adjust to the rising trends in your target market today.

As the year 2019 unfolds, there are new business trends rising that entrepreneurs like you need to prepare for. Failure to plan and adjust to these trends could mean losses for your business. Better be prepared to win in business and in life this year. Here are the top 7 rising business trends to look out for in 2019.

 

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Preparing for the Digital Revolution


Most companies are now abandoning the old brick and mortar type of business and are evolving into malleable companies that provide online services.

Business owners now recognize the importance of establishing an online presence and they are now entering the arena of technology and the digital revolution.

 

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Social Media Influence Will Grow


This year, expect social media influence to grow and flourish as more and more consumers purchase goods and avail of services online. Customers will share their experiences online and word of mouth will convince others to buy your products or book your services.

 

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Improved Customer Data Control


With the onset of so many breaches of consumer data, more and more customers are becoming wary of sharing their personal information with sellers and service providers.

Last May 2018, the European Union implemented its General Data Privacy Regulation, which protects consumer interest in businesses by preserving their data. Several U.S. states also passed laws to tighten breach notification and regulations that govern how businesses use and sell data.

 

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Seamless Customer Service Experience


In this day and age of social media and people connecting online, there’s more room for personalized experiences as business owners are able to reach out to their customers anytime, anywhere. It’s easier now to put a face on your business brand, even though your customers are miles away. There are so many ways to reach out to your target market today.

 

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Outsourcing is the New “In Thing”


More and more companies now understand how important it is to outsource. All types of businesses can benefit from outsourcing because it offers more room for growth and cuts costs at the same time.

Freelancers are entering the fray and respond to the rising demand for outsourcing of services.

 

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Skyrocketing Subscription Services


With so many software and online shopping sites sprouting up, it’s no wonder that there’s a slew of online subscription services offering a vast array of services, including food, beauty, apparel, and lifestyle. Customers are now purchasing products and ordering online, which means more subscription services for everyone.

 

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Promoting Social Responsibility


Now that almost every transaction can be done online, companies are called to be socially responsible. Even Facebook leader Mark Zuckerberg announced that they would prioritize posts from family and friends. Other companies are expected to adapt to social responsibility.

These are just some of the rising business trends that you can expect in 2019. I hope this article will help you grow your business and be ready to face this year. Feel free to share your thoughts in the comments section below.

 


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