FM Walsh & Associates Inc.

Trendwatching has come out with their Top 8 Important Consumer Trends for 2008 for businesses to capitalize on.
They are:

1. Status Spheres – status is the main buying factor

2. Premiumization – developing high end products and services in every industry

3. Snack Culture – catering to the craving for instant gratification

4. Online Oxygen – reach and touch consumers online in new ways

5. Eco-ionic – bold new design and green credentials catch customers

6. Brand Butlers – less emphasis on advertising and more on marketing that takes care of the consumer

7. Make It Yourself- more people wanting to create and personalize products

8. Crowd Mining – use customer input and sweat equity to build your brand. Check out Netflix movie ranking accuracy prize contest to see how it’s done.

Whether you run a small or big business this report has some great ideas for building business in 2008. Happy New Year!