Tag Archive for Online Sales

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Average small business makes £300,000 on Amazon

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

In total, UK small businesses sold 750m products through Amazon last year, up by more than one third.

The number of small businesses selling through Amazon increased by 20 per cent to 65,000, as people shopped online during pandemic lockdowns.

>See also: As predicted, Amazon passes on 2% sales tax onto small businesses

Indeed, more that 1,000 UK businesses reached £1m in sales selling through Amazon last year.

And another 14,000 SMEs generated more than £100,000 worth of sales through the internet giant.

Amazon announced that around 60 per cent of all physical product sales on its UK store were from independent sellers, most of whom were SMEs.

And those small businesses have created 175,000 jobs across the UK fulfilling those Amazon sales.

Some 40 per cent of small businesses selling on Amazon were based in London and the southeast of England, and the five most popular product lines according to the 2021 UK SME Community Report included homewares, health, toys, clothes and beauty.

Exporters also thrived on the platform, Amazon said, seeing their collective overseas revenues rise by 27 per cent to £3.5bn.

Around 30,000 UK firms pay for Amazon’s fulfilment service, where

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Hot Business News Today

Average small business made £300,000 selling on Amazon last year

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Originally written by Timothy Adler on Small Business
The average small business selling through Amazon made £300,000 in 2020, an increase of 50 per cent year on year.
In total, UK small businesses sold 750m products through Amazon last year, up by more than one third.
The number of small businesses selling through Amazon increased by 20 per cent to 65,000, as people shopped online during pandemic lockdowns.
>See also: As predicted, Amazon passes on 2% sales tax onto small businesses
Indeed, more that 1,000 UK businesses reached £1m in sales selling through Amazon last year.
And another 14,000 SMEs generated more than £100,000 worth of sales through the internet giant.
Amazon announced that around 60 per cent of all physical product sales on its UK store were from independent sellers, most of whom were SMEs.
And those small businesses have created 175,000 jobs across the UK fulfilling those Amazon sales.
Some 40 per cent of small businesses selling on Amazon were based in London and the southeast of England, and the five most popular product lines according to the 2021 UK SME Community Report included homewares, health, toys, clothes and beauty.
Exporters also thrived on the platform, Amazon said, seeing their collective overseas revenues rise by 27 per cent

Read more...

Hot Business News Today

Average small business made £300,000 selling on Amazon last year

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
The average small business selling through Amazon made £300,000 in 2020, an increase of 50 per cent year on year.
In total, UK small businesses sold 750m products through Amazon last year, up by more than one third.
The number of small businesses selling through Amazon increased by 20 per cent to 65,000, as people shopped online during pandemic lockdowns.
>See also: As predicted, Amazon passes on 2% sales tax onto small businesses
Indeed, more that 1,000 UK businesses reached £1m in sales selling through Amazon last year.
And another 14,000 SMEs generated more than £100,000 worth of sales through the internet giant.
Amazon announced that around 60 per cent of all physical product sales on its UK store were from independent sellers, most of whom were SMEs.
And those small businesses have created 175,000 jobs across the UK fulfilling those Amazon sales.
Some 40 per cent of small businesses selling on Amazon were based in London and the southeast of England, and the five most popular product lines according to the 2021 UK SME Community Report included homewares, health, toys, clothes and beauty.
Exporters also thrived on the platform, Amazon said, seeing their collective overseas revenues rise by 27 per cent

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3 things small businesses should know to successfully sell online

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Originally written by Anna Jordan on Small Business
Over the Covid-19 pandemic, we’ve seen a significant shift in businesses selling online to meet an increased demand from customers.
However, it takes more than just posting a few products in a small corner of the internet. To help small businesses attract visitors and turn them into customers, their latest webinar, Back to Business Masterclass 3: Selling Online, helped businesses learn how to target customers and close the deal.

Joining the GoDaddy team were Cheavon Clarke, entrepreneur and heavyweight Olympic boxing hopeful, along with Daniel Walton, founder and director of OLPRO.
We’re going to be looking at three tips to help you when selling online, as explained by GoDaddy’s customer care guide, Louis Brightman.
Understand your online customer
Part of understanding your customer is knowing where to find them. Certain demographics will be in different places online – for example, younger people are more likely to be on TikTok than they are on other social media platforms.
Then you need to start thinking about how you can help them. Brightman uses the example of Lovely Little Treats, a family pyjama company, offering discounts on Facebook in exchange for sharing a post.
What other value could you give? Brightman suggests a

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Small businesses may have to pay 2% online sales tax

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Originally written by Timothy Adler on Small Business
Small businesses face being hit with another sales tax as Rishi Sunak considers launching a digital sales tax for goods sold online.
The Treasury is debating whether to charge 2 per cent on top of goods sold online, as a way of giving High Street shops a slight price advantage over online retail, according to The Times newspaper. The levy would raise around £2bn a year.
Last year, the Commons Treasury committee called on the government to consider an online sales tax to create a more level playing field in the retail sector.
>See also: Nearly a quarter of small businesses cut jobs despite furlough scheme
Another idea under consideration is charging home-delivery customers a surcharge for having online goods delivered online, which say critics, is adding to urban congestion.
Both ideas are part of a wider review into business rates, which the Government launched as a consultation earlier this month.
The review, begun last week, will conclude by next spring. In a consultation paper, the Treasury said it was “exploring the potential strengths and weaknesses of alternative property and online taxes put forward as possible replacements for rates”.
The COVID-10 pandemic has struck when bricks-and-mortar shops are already struggling

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Hot Business News Today

Small businesses may have to pay 2% online sales tax

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
Small businesses face being hit with another sales tax as Rishi Sunak considers launching a digital sales tax for goods sold online.
The Treasury is debating whether to charge 2 per cent on top of goods sold online, as a way of giving High Street shops a slight price advantage over online retail, according to The Times newspaper. The levy would raise around £2bn a year.
Last year, the Commons Treasury committee called on the government to consider an online sales tax to create a more level playing field in the retail sector.
>See also: Nearly a quarter of small businesses cut jobs despite furlough scheme
Another idea under consideration is charging home-delivery customers a surcharge for having online goods delivered online, which say critics, is adding to urban congestion.
Both ideas are part of a wider review into business rates, which the Government launched as a consultation earlier this month.
The review, begun last week, will conclude by next spring. In a consultation paper, the Treasury said it was “exploring the potential strengths and weaknesses of alternative property and online taxes put forward as possible replacements for rates”.
The COVID-10 pandemic has struck when bricks-and-mortar shops are already struggling

Read more...

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7 tricks to help boost your website sales

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Originally written by Enni Al-Saiegh on Small Business
Although there is no magic trick to boost your website sales overnight, there are certain strategies you can implement. These can help boost your website visitors who can be converted into customers, and ultimately increase sales. Once you have a visitor on your site, there are key points to focus on to maximise the potential of turning the visitor into a customer including enticing visitors to stay on your site, encouraging them to make a purchase and persuading them to return at a future date.
In one word, what it is about is personalisation, and once you have that nailed down, converting site visitors to buyers falls into place.
>See also: How can I promote my small business website?
Below, I’ve explored 7 tricks that can help to boost your website sales.
#1 – Ensure your site is user-friendly
First and foremost, you need to make sure that your ecommerce site is completely user friendly. Even if a potential customer has come to your site specifically to make a purchase, if the page they land on is a mess then there is every chance they will take their custom elsewhere.
Loading speeds need to be fast – as this

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British firms are in danger of missing out on boom in online sales

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Thousands of Britain’s smallest firms are in danger of missing out on the boom in online sales as the UK’s e-commerce habit continues to explode, a campaign claims. Despite a dramatic increase in the number of consumers buying online in the UK, Britain’s smallest firms – those with nine or fewer employees – are not
The post British firms are in danger of missing out on boom in online sales appeared first on Small Business.

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How traditional businesses make the step to online sales

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Despite the economic turbulence of the early 2010s, the UK’s online economy has proven increasingly robust. For example, the number of eBay millionaires has risen by 50 per cent since 2013 – from 443 to 663. An eBay millionaire is defined as a business registered on eBay.co.uk with a turnover of £1 million or more.
The post How traditional businesses make the step to online sales appeared first on Small Business.

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