Get Online and Get British Business Online as UK internet economy 'worth billions'

Whilst we look at 2010 as another year of tough times, business decline, reducing property values and wonder what next!

Think about all our challenges of being cyclical, the saying 'what goes up must come down'
Today we must also think about the reverse 'what comes down will go up' and with a few changes we should
get ready now!


The wild property investor courses have almost vanished when in truth we should be on them now as house prices spiral the buy to let market works as people starting out simply cannot afford to buy a home.


Whilst all the technology shares crashed we should also note that sales have not stopped altogether and the Internet is booming once again.




The internet is worth £100bn a year to the UK economy

This research, commissioned by Google, found Internet business accounts for 7.2% of the UK's gross domestic product (GDP).

If Internet is an economic sector it is the UK's fifth largest, says the team at Netbods www.netbods.co.uk

This makes the sector larger than the construction, transport and utilities industries.

 60% of the £100bn a year figure is made up from internet consumption 

Amounts we users spend on online shopping and on the cost of their connections and devices to access the web.

The rest comes from investment in the UK's internet infrastructure, government IT spending and net exports.

The report, The Connected Kingdom: How the internet is transforming the UK, says that the internet's contribution to GDP is set to grow by about 10% annually, reaching 10% of GDP by 2015.

The UK, according to the report, is the world's leading nation for e-commerce. For every £1 spent online to import goods, £2.80 is exported.

"This is the opposite of the trend seen in the offline economy, which exports 90p for every £1 imported," the report says.

An estimated 250,000 staff are employed by Internet companies 

The UK Internet businesses play a vital role in employment and this will expand.

For us as manufacturers agents we MUST emabrace the following ---- 'small businesses that actively use the Internet report sales growth more than four times greater than that of less active companies'.

The report also attempts to compare the UK to other countries in the Organisation for Economic Co-operation and Development (OECD).

Under its scoring system, the UK ranks sixth, above Germany, the US and France. The highest ranked country is Denmark.

"The internet is permeating positively in our UK economy today, more so than in most advanced countries," and this creates demand for local British companies to take the right advice and get online.

UK online shoppers 'spend most in Europe'

"Several industries - including media, travel, insurance and fashion - are being transformed by it."

Matt Brittin, managing director of Google UK, said: "The internet is a central pillar of the UK's economy.

"The sector has come of age, and with great prospects for further growth the UK internet economy will be vital to the UK's future prosperity," he added.

UK shoppers spent more online than anywhere else in Europe last year, accounting for almost a third of all European sales, research suggests.

UK consumers spent £38bn online in 2009, or an average of £1,102 per shopper, according to the Centre for Retail Research (CRR).

Online sales now account for almost 10% of total retail sales in the UK, the centre calculates.

It added that internet shopping would continue to grow sharply this year.

Bill Gates is still on top of the US Rich List and we are about to see new era of Internet millionaires and you could be on the list.

Keep think what can you bring to the Internet better service, higher quality, cheaper price, super delivery and by building a better British Internet business you will succeed.

For advice find an Internet business consultant who has moved with known brands online and get help or visit www.netbods.co.uk and keep in touch at http://manufacturersagent.blogspot.com/