Online Businesses Could Use Brexit as an Opportunity

brexit opportunity

While the issue of Brexit is still very much a big one, there are some who see it as a time for opportunity in businesses.

This could be a time to put more focus on small businesses, which is the thinking of Rob Hattrell, the UK boss for eBay.

Brexit the opportunity?

He sees that there is “a strong entrepreneurial streak” in small UK businesses, and this is something that can be capitalized on.

“These businesses are very agile…they are able to redevelop and reconfigure, and respond to macroeconomic challenges at enormous speed.” Rob Hattrell VP eBay UK

He further noted that such qualities make such businesses survive in the face of changing dynamics in the market. He has also said that change is inevitable with Brexit for the UK.

eBay logo

“Brexit is just another change on top of that. You just have to focus on customers,” he has stressed. eBay is doing just that, as much of the site’s deals are being done by businesses now which focus mainly on its customers.

The changes sweeping the market can be seen. Much of those changes now can be felt through eCommerce. It is so much so that technology drives these changes.

For instance, mobile technology has made it even easier now for people to purchase and make transactions online, without being tied inside the house.

Hattrell sees this as well, as the future is one where speed and technology will play vital roles for Commerce, and especially for eCommerce.

Hattrell sees that as technology moves forward, it will change the way Commerce is being done. And that can be seen in the case of some new innovations, such as fidget spinners.

With more people now connected, product searches and transactions have become much faster. This is something that companies could expand on and take advantage of, as those who can deliver products and services at a faster pace will eventually come out on top.

How do you think Brexit will affect businesses in the UK? Would technology have much role in changing how business is done? Leave your comments below.

For almost 10 years Dave has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant it was the opportunity to start UnderstandingE with Matt Ogborne showing the world how to utilize Magento as the Third Generation of Multi-Channel software. Dave also recently started a YouTube channel called the Manc Entrepreneur (click YouTube icon link below to watch Dave's videos) where he discusses all things eCommerce and entrepreneurship aimed to help young entrepreneurs get started on their own journey. When Dave isn’t working his main interests include, Technology, Cars and throwing himself off high things into water.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.