A recent article posted on Enterprise Management 360 suggests that research carried out by Approved Index claims that 2 million entrepreneurs in the UK still do business without a website. These are some of the findings from the report:
- The report finds that it is potentially costing them £343 billion each year
- Introducing a site mainly impacts small-sized businesses – growing their revenue by £106 billion once they’ve got a website.
- The report found, when divided into business sizes, that the businesses operating with just one member of staff or a self employed manager are the biggest portion of the companies without a site.
- Small-sized businesses (10-49 employees) make the biggest additional contribution to the economy. The report forecasts should they introduce a website as part of their marketing strategy’s, their revenue could grow as much as £106 billion a year.
- 330,000 SMEs don’t have a website, with a site, they could be generating as much as £150bn a year in extra turnovers.
- Medium-sized businesses would also make high gains if they introduced a website, with a predicted additional amount of 16.7 million a business, each year.
- The Primary and Construction sector contains the greatest number of companies operating without a website.
The findings of this report prove that in the current internet-age, businesses not realising or ignoring the importance of having a website are highly putting themselves at risk, potentially by losing out to competitors with a website and losing high amounts of revenue.
Read the full article at: https://www.em360tech.com/tech-news/2-million-small-businesses-in-the-uk-dont-have-a-website/