online selling

Offline Businesses Could Generate £8.4bn A Year If They Go Digital

Offline Businesses Could Generate £8.4bn A Year If They Go Digital

UK small businesses that don’t have an online presence could generate £8.4bn a year for the UK economy if they went digital, according to a new report by eBay. The survey of 501 small enterprise owners revealed that 23% of all small firms have no means of selling their product or services online – despite the fact they could potentially receive increased revenue of around £20,000 if they did. It’s suggested more support is needed to help smaller enterprises embrace the opportunity that ecommerce presents. According to YouGov, 23% of small firms surveyed had no website, 40% no social media accounts and 72% had no online marketplace. Despite the obvious benefits of selling to customers all over the world, 57% of businesses without a website said they had no plans to change this in 2017, citi... »

Online Selling Key To Retail Growth, Report Finds

Online Selling Key To Retail Growth, Report Finds

The key to small businesses growth is selling your products online, according to new research by Close Brothers Retail Finance. Their survey of over 500 small retailers revealed that 52% of respondents who sell over the web expect increased growth for 2017, compared to just 40% of firms who have a physical presence only. Online-sellers’ optimism is not without basis, however, as 75% of all retail growth has come through online channels since the start of the century. Despite the rapid growth of e-commence in previous years, some small businesses appear hesitant to take the leap – with 35% still without a website and 36% still not selling online. Indeed, it’s estimated such a reluctance among enterprises to adopt more mobile-friendly tech has cost UK retailers £6.6bn a year in missed sales.... »