What Do UK eCommerce Executives Think?

Are you curious about what British online retailers think? What’s in the mind of UK eCommerce executives? How to find the best merchant account for your online business? Just read this article and you’ll know.

eCommerce in the UK: Best Merchant Account UK

Currently, the number of eCommerce users in the UK accounts for about 45.36 million. An additional 4.06 million users are anticipated to be shopping online by the year 2021. Four years from now, the total 49.42 million eCommerce users are expected to spend 2,251.82 USD (on average) online.

UK retailers are ready to face changes in the online world of eCommerce. Moreover, they o­ften play a leading role in adopting new techniques so to best meet the needs of modern shoppers.

With all this in mind, it’s critical to find the best merchant account for your online business. You can do this by turning to a payment expert in the UK. Just look for a reputable payment specialist that will help you get the best deal for merchant services. With the true professional in the field, you’ll be able to get free consultations, the best rates, fees, as well as the most honest snapshot of the company at the time of writing.

UK eCommerce Execs Views

This year, customer loyalty and retention, as well as mobile experience to meet consumer demand are of special importance. Let’s see what UK eCommerce executives think about the current state of the eCommerce.

Well, UK eCommerce retailers consider the mobile experience one of the two most important strategic initiatives. It has the potential to boost sales or profit. Consumers aren’t just busy browsing content on mobile. They’re purchasing as a result. So, it’s no wonder that in the 1st half of 2017, mobile spending tripled in the UK.

45% of eCommerce marketers in the UK think mobile commerce is critical to the future of their brand. 46% find it to be important. If you treat mobile the same as the desktop, you’re going to  lose money in the end.

When it comes to choosing the right marketing channel, 62% of UK respondents consider email marketing one of the three most successful channels in terms of their main choices. 51% prefer social media.

Retailers who have a solid bricks-and-mortar network are willing to take advantage of that network to fight some issues related to online shopping. 38% believe that a coordinated in-store and eCommerce strategy can potentially improve sales and profits.

Savvy retailers see success mainly in how they can gather, analyse, and act on data. The latter has to do with customer preferences.

What about external market conditions and things that you can’t control. Now, in the age of Brexit, UK respondents consider economic conditions the top concern in this regard.

Finally, 49% of UK respondents go with new payment options, including “one-click” choices, when it comes to innovation in eCommerce.

The eCommerce industry is growing incredibly fast. It’s critical to well research and analyse your market and take the right steps so to reach success.

Author Bio: Electronic payments expert Taylor Cole is a passionate entrepreneur who also enjoys to write, play guitar and camp. BestPaymentProviders is UK’s best merchant account company, serving both traditional and high-risk merchants.

Categories: General Article