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BizHelp24 Edition No. 171
Thursday 25th January
2007

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January 2007 - Small Business News

 

Are You Missing out on the Rising Profitability and Lowering Costs of E-Commerce?
 

If your business has a website or takes phone and mail orders; then have you considered whether an e-commerce store could improve your profitability?

 

A new survey by ecommerce software company Actinic has found that despite 90% of small and medium sized businesses with e-commerce sites saying they are profitable, only one in ten SME retailers has one. Even amongst businesses who already accept telephone orders for home delivery, only one in four has an e-commerce facility. 

If your business is worried about the costs of ecommerce, then there is further good news; the average cost of an ecommerce solution is 40% less than the businesses in the survey expected. The average expected cost was £2416, whereas the average actual cost was only £1585.

 

“Online stores are rarely unprofitable, because there is huge growth in the sector and overheads are far lower than their offline counterparts,” Actinic CEO Chris Barling comments. “More consumers are letting their fingers do the shopping, but still too few smaller businesses are grasping the opportunity. Given the ease with which you can set up a web store nowadays, there is no reason not to take the plunge - especially if you already offer home delivery.” 

One amusing finding was that 10% of retailers think online shoppers are lazy! With an opinion like this it’s not surprising that some businesses are not yet aware of how they could benefit from online sales!

Find out more about Internet and Technology issues in our portal here.






 

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BizHelp24 – UK business and finance information, news, help and services for small businesses BizHelp24 is a UK business and finance resource providing Small Business Help, Start up Information, news and services; for individuals and Sole Traders. Comprehensively covering a wide range of key business, finance, and service topics. Employment and personal information includes Work Times and Break Entitlement, Body Language, employee Holiday Entitlement and Employment Contracts. Credit Policy information includes Letter of Credit, useful Credit Notes, Business Loans. and Cash Flow Control. Other information areas include Bankruptcy, Homeworking, Business Failure, Company House and Company Names,

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