With the rise of online shopping in 2020, about 11 per cent of all sales in the UK were made online. And as a global pandemic grips the world, eCommerce shopping is not going anywhere.

As eCommerce shopping continues to rise, now is the time to grow your online business. Digital marketing, cloud accounting, and plenty more make it possible to run a business entirely online.

But online businesses are not without their challenges. In this guide, we will discover what it takes to keep your online business running. We will also explore the best ways to expand your eCommerce business.

Strategies to Grow eCommerce

The UK has a strikingly advanced eCommerce network. With internet penetration reaching millions of people in the UK, online shopping is a booming industry.

But how does one begin to grow their business? Getting it started is a challenge in and of itself; keeping it running efficiently is another challenge entirely.

Growing a business has its own sets of challenges. And while it may be difficult, it is not impossible:

Business Coach

A business coach can be a blessing if you're brand new to the world of eCommerce. These experts guide you through best business practices, areas of improvement, and plenty more.

A business coach can be your secret weapon as you grow your business. Their expertise in digital marketing and business intelligence tools means you won't struggle through trial and error. You will be able to start growing your business right away.

Compliance

Don't let compliance fall by the wayside. Ensuring your business is up-to-date each year means that your eCommerce site won't get shut down if something is forgotten.

There are quite a few areas of attention when it comes to compliance. Do yourself a favor and work with a company that can handle all the red tape. You won't find yourself worrying about all the details and can focus your energy on promoting your site even further.

eCommerce Accounting

Time is the most valuable element on Earth. There's never enough, and it's not something you can get back.

However, time is something you can create more of. Utilizing expert eCommerce accounting means some of the menial, day-to-day tasks you have to accomplish can be automated. 

ECommerce software and accounting is also a great way to retain accurate data and information, so you can make informed business decisions.

Worldwide eCommerce spending is expected to grow to $3.914 trillion by the end of 2021. Cash in on that spend by making your online business run smoothly behind the scenes. Create best practices now so your business can continue to grow.

The Future of eCommerce

There is no way to know for certain what the future holds for eCommerce.

But, based on the projections made by experts, it will not be going away anytime soon. 

Our team of Chartered Accountants are ready to help you. Whether your online business needs a start-up direction or you’re established and need an unconditional second opinion for your unique business, get in touch with our professional ecommerce accounting team. We will share our experience and thoughts on how we can help you achieve your goals for your e-commerce business and help with your accounting needs:  Don't hesitate to contact us.