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UK businesses are benefitting from the current growing e-commerce market. Britain has the highest online revenue in Europe, beaten only by China and the United States globally.
Online revenue currently totals €130 million in Britain. The number of web sales is growing each year, with an increase of 16.8% recorded in 2016, and a predicted further 14% growth this year.
Businesses are booming thanks to the widened audience they can target online. Almost 88% of the UK’s population of 65 million people use the internet, with a huge 77% of these classing themselves as online shoppers.
The way people are shopping online is also changing. Consumers have constant access to the internet, thanks to technological developments in mobile phones. This means that more people are shopping on smartphones, which has led to a jump in mobile transactions.
Independent businesses can take advantage of this booming market by setting up their own e-commerce store. However, the costs involved in creating and maintaining websites can often be difficult to budget for.
Many independent business owners have used a cash advance to build and improve their websites. In doing so, they can consider new sales opportunities to help their business grow.
If you need to access funding to build or improve your website, Quick Capital can help. We can provide an instant cash injection of up to £300,000 to businesses who accept card payments either online or face to face. Get in touch with one of our advisors by calling 0800 3777 402 or visit www.quickcapital.co.uk