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Survey of SME Ecommerce Dispels Dot-com Gloom.


Actinic actinic /ac·tin·ic/ (ak-tin´ik) producing chemical action; said of rays of light beyond the violet end of the spectrum.

ac·tin·ic
adj.
 bas announced the results of research into the UK SME (1) (Small and Medium-sized Enterprise) See SMB.

(2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division.
 ecommerce See e-commerce.  market. the survey of 424 randomly selected businesses with 1499 staff from the retail, manufacturing and wholesale sectors was conducted by pfa Research. Overall the findings show that despite the dot-com (1) Refers to the period (dot) followed by the abbreviation of the commercial domain (.com) at the end of an Internet address. Since the .com domain is so widely used, the Internet became known as the "dot-com" world, and dot-com companies are those formed to offer services or  gloom gloom  
n.
1.
a. Partial or total darkness; dimness: switched on a table lamp to banish the gloom of a winter afternoon.

b. A partially or totally dark place, area, or location.
, a significant proportion of Britain's small business owners are committed to the web as a sales channel. For example, 76% of those companies who have a web site but don't yet sell online, are planning to include the facility within the near future.

All statistics quoted in the report are proportions of the sample and not of the UWs total SME market See SMB. . The highlights include:

* Plenty of room for growth, but 9% of the whole sample is already taking orders online (i.e. not using email as an order taking tool, but downloading downloading - download  actual credit card details).

* Of companies in the sample who have a web site but don't yet sell online, 76% are planning to include an ecommerce facility.

* 30% of SMEs with a web site stated that they have become more likely to sell online during the last six months. In particular, businesses of 1-9 employees have significantly shifted their attitudes positively towards selling online in the last half year.

* Expectations of ecommeree are being met -- 72% stated that they had met or exceeded expectations and 59 % of web stores are already profitable (71% of these became profitable within 6 months).

* The SME's biggest justification for setting up an ecommerce site is to increase sales and open up new markets.

* Key considerations for SMEs in selecting an ecommerce system are:

Retaining control over the set up and updating of their product catalogue Cost, i.e. low initial investment and rapid move into site profitability and ease of use

* The average (mean) investment for setting up an e-store is 2,400 [pounds sterling]. 41% of organisations have built their store themselves and 40% have had their store built by a web designer.

www.actinic.co.uk
COPYRIGHT 2001 A.P. Publications Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Actinic's survey
Publication:Database and Network Journal
Geographic Code:4EUUK
Date:Aug 1, 2001
Words:331
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