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Growth of Proptech

According to the office of national statistics, there are 28.1 million residential properties in the UK and in the year to 2016, 1.25 million properties were sold. Assuming an average property price of £287,000, and average commission of 1.5% including vat, this values the current potential fee income across the industry at approximately £4.5 billion.  It has been evidenced that the residential housing market within the UK is of a value of around £5.75 trillion. Of a market of this size, it is found that a staggering 98-99% of all house buyers browse for their housing options online and only a tiny 1-2% within high-street stores. However, the online estate agency market contributes to a rough 5% share of the market. This clearly illustrates that the high-street estate agents still have a clear dominant position within the property market.
 

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The Effectiveness of Marketing Channels

Marketing campaigns are core to business success, so what methods are most effective?

It is important to note that customer reach, although key in marketing efforts, should not be the only focus of and effective marketing campaign. The correct choice of marketing channels is significant in achieving this reach and ensuring the target market is captured, thus creating a truly effective marketing campaign.

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The Future of Cloud Computing

Research reports have gone to suggest that entrepreneurs and small business owners work, on average, around 60+ hours per week. AutoMate conducted research and found that entrepreneurs could save about 15-20 hours of work each week by incorporating automation software into their business. By automating tasks such as sending recurring invoices, payment reminders, creating email campaigns and more, entrepreneurs will have more free time in their day.

 

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Consulting in the UK

The UK consulting market – which includes England, Scotland, Wales and Northern-Ireland – is worth around £10 billion, making it Europe's second largest consultancy base. Growth has been strong in recent years, ranging between 6% and 10%. According to data from the Management Consultancies Association (MCA) the consulting market of the UK ranks among the fastest growing advisory markets in Europe. In 2012 total fee income of the sector was estimated at £7.4 billion, and on the back of solid year-on-year growth, the consulting industry is currently worth circa £10 billion, including all consultancies (also unregistered with the MCA).

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