Your Business With James Caan 2017 - 17
The average value of an individual
sale is between £10 and £30
for over one-third of businesses.
Research by PayPal shows that
consumers are willing to pay up to
three times that on digital devices:
£84 on a smartphone, £103 on a
tablet and £147 on a laptop.
One-fifth of UK workers
are considering starting
a so-called "side
OUT ON MOBILE
hustle" within the next
two years to generate
extra cash, pursue a
passion or explore the
A huge boom in people shopping from
feasibility of changing
mobiles is passing SMEs by because their
websites aren't optimised for use on
smartphones and tablets.
Shoppers are predicted to double the
A new report,
published by internet
amount they spent on purchases made on
GoDaddy, shows that
mobile devices to £27bn this year. That
over half of those who
figure is predicted to hit £43bn by 2020.
successfully launch a
But only 18% of the UK's small businesses
business while holding
have mobile-friendly websites, a survey by
down another job make
PayPal found. As mobile becomes the key
between £500 and
growth area for online spending, small
£5,000 in extra income
businesses risk being left behind larger rivals
each year. Some 48%
unless they make changes.
of those who start
a "side hustle" do
so to develop - and
STORES ARE SPRINGING
UP IN THE HIGH STREET
often make money
from - an existing
passion or hobby.
Four new stores a day opened on high streets in the
first quarter of this year, according to data from the
the rising popularity
British Independent Retail Association.
of flexible working
That's a huge leap from 2016, when there was a
has boosted the
net increase of just four stores over the whole year.
trend towards having
Sales were up 15% when compared with the same
period last year. Not only are more stores opening,
of income, and this
but existing stores are enjoying higher turnover and
is expected to rise
in coming years. □