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News Headlines
- Wage increases to impact SMEs?
- Small firms optimistic about future trading prospects
- Online opportunities for SMEs
- SMEs warned to secure IT networks
- Small firms at risk from fraud
Online opportunities for SMEs
Reported on Fri, 18 Aug 2006
Small and medium enterprises (SMEs) could be turning to business loans for IT investment after new research reveals that online consumer spending could reach £39 billion by 2010.
SMEs should invest in online retail so as not to miss out on the 24.9 million online customers expected to shop over the interne in the next five years, according to PayPal.
The internet payment company is offering SMEs advice on how best to approach eCommerce, while avoiding financial pit-hole and adverse credit.
Carl Olav Scheible, head of merchant services at PayPal said: "Over the past few years we've seen the internet gradually eating away at the high street. By 2010, we expect substantial sums, previously spent on the high street, to have moved online.
"We have worked closely with the market experts to produce a simple but effective guide which can provide SMEs with the essential tool kit that many of them are lacking."
Recent guidelines were issued from the Federation of Small Businesses warning smaller firms to take care when using new technology as they may be more susceptible to fraud.
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