And you thought everyone did business online

You are a special kind of person. No, I’m not just being nice to you, though I don’t want to be nasty. Actually, the fact that you are reading this article about Internet business means you are interested in the whole notion of online business activities. Well guess what, new research suggests most business are not anywhere near as advanced as you.

The study was looking at online security, but within the research from the Federation of Small Businesses is an interesting fact. Less than one in five small business can conduct business online. The vast majority of small businesses have no way of accepting any kind of payments via the Internet. What? Have they been asleep for the past 15 years? Obviously.

Not only that, but only 1% of businesses get all their sales via the Internet. This is remarkable considering the potential of the Internet for business. British business, especially, has yet to enter the 21st Century it seems.

Security it appears is the issue. Business people are worried about online fraud. However, the fear of online crime is three times higher than the actual rate of Internet crime. So, stop worrying and get cracking. Those 1% of businesses know what to do and they are doing it well. They will grow on their success and eat into the marketplace for other, more reticent businesses. And guess what that means? It suggests that the people who are scared of doing business online will eventually be forced out of business by their own irrational fears.

Like this article?

Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on facebook
Share on Facebook
Share on email
Share via email

Other posts that might be of interest

man searching
Internet Marketing Articles

Can you find what you are looking for?

If you want to increase your sales, your business needs to make it easy to find everything. That means reviewing how your web search works. It suggests you might need to reconsider the navigation structure of your website. It might even mean you need to distribute your content away from your site and have it on a variety of different platforms.

Read More »
Empty football stadium with no supporters
Internet Psychology

How well supported are you at work?

Yesterday I was transported back in time. I haven’t discovered time travel. Instead, my mind quickly flipped back to a meeting about three years ago that involved the same group of people. I noticed how

Read More »
Man using digital technology
Internet Psychology

Are you obsessed with digital?

Being obsessed with digital could take you away from old-school technologies that do the job better. Yet, avoiding technological change can cost your business dearly. How can you get the balance right?

Read More »