Monthly Archives: July 2021

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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

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Top five tips for SME exporters in a post-Brexit world

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Originally written by Nick Ismail on Small Business
According to research from DHL Express, 24% of UK SME exporters who already export or plan to in the future state they have stopped selling to some EU markets, with 6% of British businesses stating they have stopped selling to EU-markets altogether.
The research looked at the challenges facing small businesses in all sectors across the UK and paints a nuanced picture. When asked if they thought they’d export more or less over the next year compared to the previous 12 months, SME exporters were completely divided, as 25% forecast an increase while 28% anticipate a decrease.
Since 1 January 2021 a number of exporting incentives, such as the SME Brexit Support Fund, have been on offer from the government. The research found that, while 30% of exporters surveyed believed these support measures were helpful, a significant 24% were not aware of their existence, indicating some small and medium sized businesses may be missing out on important trading opportunities.
Lack of consumer awareness of the additional Customs charges is reported as a concern, with nearly half of exporters stating it was a challenge. However, despite this, only 28% of businesses have proactively alerted customers to the

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Winning the Start-Up Series – Mathew Norbury, FC Labs

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Originally written by Small Business Team on Small Business
When it comes to building and construction, safety is paramount. The slightest misstep or lapse of concentration can cause injury or even death. Just imagine the damage a crane operator can cause if they have a momentary lapse or close their eyes for just one second.
That’s the problem that Mathew Norbury and his team at FC Laboratories have been working on. FC Labs has been developing wearable brain imaging technology which can be worn on its own, with other headgear or implanted in a hardhat. This wearable technology tells the user if their attention is dropping or if they need to take a break.
And this kind of wearable brain imaging technology has lots of other applications as well, from NHS hospital staff being told that it’s time for them to rest through to currency traders in the City being alerted that their split-second judgement is below par.
FC Labs founder and CEO Mathew Norbury talks about why he felt it worthwhile entering the Start-Up Series competition even though his wearable technology was only at an early proof of concept stage, key milestones over the coming year, and why having mentorship is so

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