According to a recent survey one out of three small businesses in London are selling their products exclusively online.
Research undertaken by PeoplePerHour showed than thirty four percent of small businesses in London operate without a bricks-and-mortar presence on the High Street, and only trade via the internet. The survey showed that even the sixty one percent of small businesses who do have a physical store front presence still make half of their sales on the web.
Forty seven percent of SME’s currently do the majority of their business online, while the number of companies selling more than fifty percent of their services or products via the web has increased twenty seven percent.
The number of firms which sell more than half of their products or services online has increased by 27 per cent, with 47 per cent of SMEs now doing the majority of their business on the web. Many small businesses are attracted to online sales due to cost-effectiveness and the reach their online presence can provide.