Before the internet revolution, the idea of some small to medium size businesses entering foreign markets was near unthinkable. Cost, location and distribution were only a selection of the barriers to entry that companies faced. Language difficulties, combined with lack of understanding about different markets, significantly increased the potential risk to even the largest of businesses attempting to make headway in European or American markets.
These circumstances have now changed thanks to Google and many other global platforms, which allow businesses to calculably display their services and products in a way that reaches millions of consumers who previously were beyond their means.
To date, many e-commerce websites are only targeting UK audiences, all the while possessing the capability to distribute abroad. This means they are not meeting their global potential. PayPal, who are one of the leading global payment gateways, state that 12% of all retail sales in the UK are performed online, compared to 8% in neighbouring Italy, Spain, Sweden and France. In the US, the e-commerce market is expected to grow from $226 billion to $327 billion in the next four years (Reported by Mashable.com).