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BizHelp24 Edition No. 159
Thursday 29th June
2006

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June 2006 - Small Business News

 

Could Your Business Benefit from Better Design?

If your business is one of the many that does not spend on design services, the results of a new survey by the Design Council may make interesting reading. If your business already invests in design, then the results are definitely good news!

On average, every £100 a ‘design alert’ business spends on design increases turnover by £225; while over three quarters of businesses who see design as important say that both their turnover and competitiveness have increased because of it.

The survey also shows that design alert businesses each increase their market share by an average of 6.3% through using design; and businesses that are increasing their investment in design are more likely to have turnover growth than those who are decreasing their investment.

Some manufacturers reported that design increased their market share by 100%; in other words, good design helped them to either completely take over a market or create a brand new one which they had full control of!

Design can add value to your products and services; in fact, less than half of businesses that see design as important compete on price, compared to two thirds of those who do not see it as important. So if you are struggling to compete with price cuts, design could help you to stand out and add value to your products.

Good design is a key part of most successful large businesses; and is becoming increasingly important in the growth and success of small and medium sized businesses. This survey clearly shows that well planned and sensible investment in design has the potential to provide you with huge benefits.

It is important to remember that not all designers are good, as with all services you need to look around and find a quality provider that can meet your needs at the right price; but investing in a good designer can bring huge benefits in both the short term (E.g.: Increased sales, added value) and long term (E.g.: Bigger, more professional business image, increased customer loyalty).

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