Thursday, 28 February 2019

Over Half of UK Retail SMEs Selling Online Sell Through 3rd Party Marketplaces

According to a study, commissioned by Royal Mail, almost six in ten (58 per cent) UK SME online retailers now sell their products through a 3rd party online marketplace, such as Amazon or Etsy, even if they have their own website selling direct to customers.

Over half of the SMEs talked to for the study reported that they are looking to expand in 2019. With a variety of options for reaching customers being looked at:
  • 41 per cent are looking for space in another physical store to sell goods,
  • 39 per cent are considering listing on additional marketplaces,
  • 27 per cent plan to sell via exhibitions or trade fairs.
The research found that almost half (47 per cent) of UK SME online retailers have a physical store as well as a presence online. For those that sell in a physical store, 80 per cent reported selling through their own outlets and a third reported selling through others outlets either exclusively or in tandem with their own stores. Other popular ways to sell goods for these retailers include:
  • over the telephone (22 per cent), 
  • via exhibitions (13 per cent),
  • and via a catalogue (12 per cent).
Just under one in five (19 per cent) UK SME online retailers import goods, 16 per cent export goods and 52 per cent do both.

Over eight in ten (81 per cent) of those that sell overseas target Europe, 42 per cent sell to the USA and 29 per cent to Canada. Asia (27 per cent) and Australasia (23 per cent) are also common destinations to target.

A spokesperson from Royal Mail said “Entrepreneurial UK SME online retailers are increasingly turning to online marketplaces to sell their products. The rise of online marketplaces is impacting the way consumers shop online and how retailers sell to their customers but the physical store still has a role to play. As the ecommerce sector becomes increasingly global, UK SME online retailers should look at opportunities to expand the international side of their business”.

1 comment:

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