Alternative methods of payment and enhanced customized loyalty programs are the most noteworthy May 2014 business trends.
Today's consumers are no longer looking for the newest product or service -- they expect a memorable, one-of-a-kind, customized experience. Brands have picked up on this and have created programs that reward for things like actions performed instead of items purchased. The Juengo app rewards its customers for signing up for newsletters, inviting friends to the app or answering a survey.
Additionally, paying for items now is also an entirely different process. From the restaurant in the UK that allows customers to negotiate payments to smartwatches that allow you to keep your wallet in your pocket, transactions are truly evolving.
Check out Trend Hunter's Business Trend Report if you're looking for more research on the ways brands are transforming to meet contemporary consumer demands.
Top 50 Business Trends in May
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By: Jaime Neely - Published: May 31, 2014