Ebay’s Retail Revival scheme has helped over 60 small business growth their revenues by an average of 33 per cent over the last year.
Retail Revival was launched last year by Ebay to help teach small local businesses how to “use the power of technology” to launch or expand their ecommerce operations.
Throughout the 12-month scheme retailers were given one-to-one support, comprehensive training to cover ecommerce basics as well as digital skills training in things like SEO and promotional support from Ebay’s experts.
Retailers who took part in the programme saw an average turnover growth rate of 33 per cent, 26.5 per cent higher than the UK average between 2017 and 2018, seeing revenues exceed £7 million over the year-long initiative.
Ebay estimates that if this scheme were rolled out nationally it could £227 million in extra revenues for SMEs across the UK.
“This clearly shows that the doom and gloom rhetoric surrounding UK high streets does not have to be a story that continues,” Ebay UK’s vice president Rob Hattrell said.
“The shift towards increased online spending is an opportunity for businesses to complement their physical store with online revenue, as well as an opportunity for budding entrepreneurs starting out.
“I am immensely proud of this programme, the people who have delivered it and, most importantly, the businesses who have been part of it. They say the proof is in the pudding, and these results clearly demonstrate that online and high street retail can survive and indeed thrive together.”