The Internet has always been well supported in the UK. Recent figures show that the UK online economy is still growing, generating 8.3% of the UK economies GDP last year. This equates to £121 billion, making the online economy bigger than a lot of other major trade sectors such as healthcare, construction or education.
UK businesses are increasingly embracing domain names and online presence as a way of marketing their products and services. In the retail market one eighth of all transactions were accounted for by online purchases. As a domain reseller, you provide your customers with a valuable asset that allows them to tap into this rapidly expanding market.
All of this following the news that Nominet registered their 10 Millionth .uk domain earlier this month proves that the UK online economy is here to stay. Researchers suggest that this rapid expansion could continue over the next few years, predicting 11% growth per year over the next 4 years to take the total value of the Internet economy in the UK to £221 billion.
There are lots of different sources for this revenue from online advertising to clothes shopping. These figures also highlight the diversity available online in the UK. Businesses from every industry are trying to integrate this huge market with their day to day operation, whether that’s selling products to end users via a web-store or sharing updates about services via social media. The other aspect of the UK Internet economy is the ‘research online, purchase offline’ process. People are increasingly using the internet to research the best products and where to get the best value. Not being online means they are likely to struggle to be seen in the modern marketplace, having a good domain and website can generate huge amounts of new business.
Domainbox.com supports .co.uk, .org.uk and .me.uk TLDs
. This gives the customer a domain that is both recognised and trusted in the UK market. This will be extremely important when trying to do business in this bustling online economy.