The Impacts of eBusiness

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1&1 has conducted a research study of 390 UK firms that finds that UK small business owners have experienced wide ranging benefits from implementing eBusiness solutions such as a website, online shop or email package. 41 per cent of owners admit that the ability to communicate or sell to consumers online has improved their work/life balance. Two thirds (67 per cent) feel that email has allowed them more flexibility to shape their work and 23 per cent believe that their private lives have been enhanced through leveraging email.

Transcript of The Impacts of eBusiness

Page 1: The Impacts of eBusiness

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Results of launching a website …

Online business 2005Online business 2005--20102010

Source: 390 UK companies using a website for 5+ years in March 2010 via electronic feedback form

Increased awareness for the business 76 %

Better image for the business 65 %

Greatly increased sales revenue 36 %

New types of domestic customer 41 %

Access to overseas customers 35 %

Access to overseas suppliers 10 %

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eBusiness in 2010 eBusiness in 2010 -- State of PlayState of Play

Enquiries handled from website

Source: 390 UK companies using a website for 5+ years in March 2010 via electronic feedback form

Online activities

Average firm now handles 21-30 % of enquiries from website93 % report positive impact, 59 % “huge” or “sizeable” positive impactSuccess on web has led 54 % to change business plan in recent years

eCommmerce 36 %

Search engine marketing 23 %

Biz blogging / social networks 21 %

Customer administration online 17 %

Banner adverts 12 %

Real-time chat with customers 8 %

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eBusiness in 2010 eBusiness in 2010 -- State of PlayState of Play

Revenue currently generated from website

Source: 390 UK companies using a website for 5+ years in March 2010 via electronic feedback form

Online revenue over past 3 years

Average firm now raises more than 10 % of total revenue from websiteFor 46 % of firms, online sales revenue is higher than before recession in ‘07Investing in website – 59 % of businesses feel “Positive“, online 3 % “Negative“

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eBusiness 2010 eBusiness 2010 –– Investment in eBusiness Investment in eBusiness

“How do you feel about investing in facilities for shifting customer processesto your website – e.g. customer self-administration, order processing, payments, feedback etc?”

Source: 390 UK companies using a website for 5+ years in March 2010 via electronic feedback form

Highly positive 52 %

Open to idea 30 %

Indifferent 14 %

Negative 3 %

Other 1 %

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Source: 390 UK companies using a website for 5+ years in March 2010 via electronic feedback form

Online business 2005Online business 2005--20102010

The entrepreneur – impact on work / life balance

Effect of using a website Effect of using email

For 41 %, launching a website has improved work/life balanceTwo thirds believe email has improved work/life balance, and 1 in 4 gained an enhanced home-life

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Online business 2005Online business 2005--20102010

The entrepreneur – impact on skills & outlook

Source: 390 UK companies using a website for 5+ years in March 2010 via electronic feedback form

“Better perspective on customer needs” – 40 %

“Made more of a mark on my industry” – 76 %

“Driver of my personal entrepreneurship”– 75 %

“More creative” –54 %

“Value each individual customer more” – 25 %

“Made me personally more successful” –76 %

“Made me more ambitious about financial goals” –68 %

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Online business in 2010Online business in 2010

The consumer – impact on buying behaviour

Source: 1428 UK adults surveyed by OpinionMatters via electronic feedback form

49 % of consumers now regularly buy from Internet-only firms

48 % of Britons expect all businesses to have a website

1 in 3 have ‘concerns’ about using a firm that has no website

52 % prefer online facilities to check/amend their customer admin

Consumers now actively seek online methods

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Online business since the start...Online business since the start...

The consumer – impact on expectations

Source: 1428 UK adults surveyed by OpinionMatters via electronic feedback form

43 % expect a quicker turnaround of orders than before online retailing

65 % admit to becoming more ‘demanding’ since starting to buy online

29 % now respond better to electronic display adverts over printed ones

30 % expect a better total customer-experience overall

Online business has changed Britons’ consumer expectations

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The consumer – route to entrepreneurship

Source: 1428 UK adults surveyed by OpinionMatters via electronic feedback form

Britons believe ‘online business’ has increased access to entrepreneurshipHigh public understanding of how achievable it is to launch a business online

58 % now view running an Internet-based business to be a mainstream career type

1 in 3 believe that ability to sell to others online is a significant motivator for less privileged to be involved in business

1 in 5 people have considered starting their own online business

83 % believe Internet has made it more achievable for average person to succeed with a business idea

Online business since the start...Online business since the start...

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