
Avid Partners has a number of E-Commerce clients that we assist in a number of ways from accounting and bookkeeping services to funding and marketing supports. At Avid Partners we recognise the potential for innovative E-Commerce businesses and work closely with clients in this area to help them drive their business forward. E-Commerce businesses have the potential to grow very quickly, much faster than most traditional business models, but also have a high burn rate as many start-up companies never progress past their early development stage. Avid Partners Accountants Ireland can help you develop your technology business.
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- E-Commerce Sector
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E-Commerce Sector
The E-Commerce market is Ireland is an interesting mix of a large number of very small micro businesses (less than 10 employees) and a small number of very large global players who have a high presence in Ireland (Zynga, Facebook, E Bay, Google). Many small indigenous E-Commerce businesses are niche operators focused on extracting revenues from one or a small number of key areas. Many of the smaller companies have moved away from the sole focus of advertising revenue and instead are concentrating on recurring revenue streams such as fee based models and sales. In the retail sector for example many of the tradition bricks and mortar operators use online as a supplemental sales channel. “Online has become increasingly important for The Kilkenny Group, we will continue to invest in growing our online presence in the Irish market. However, we do see online as complimentary to our 13 stores nationwide and not as a replacement” Greg O Gorman, Marketing Manager, The Kilkenny Group.
Sector Issues
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