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Has anyone else had a big drop off in business since late January ?

Discussion in 'General Business Forum' started by Justin Smith, Feb 11, 2019.

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  1. DavidWH

    DavidWH UKBF Enthusiast Free Member

    1,595 304
    We're quiet at the moment, phone's barely ringing, even the company looking at our SEO/PPC rang as they're surprised by the low conversions.

    We've had a reasonable end to the year, which has pushed T/O up slightly.
    Posted: Apr 3, 2019 By: DavidWH Member since: Feb 15, 2011
  2. Noah

    Noah UKBF Ace Free Member

    1,249 314
    Let me put it this way : We were hit with a power cut the other day; I welcomed the opportunity to reduce our electricity bill.
    Posted: Apr 3, 2019 By: Noah Member since: Sep 1, 2009
  3. Opinion87

    Opinion87 UKBF Regular Free Member

    514 143
    Got one business trading down around 30% on average over the three months of the year, and one trading up 47% January, 418% February and 609% March. Completely different industries.
    Posted: Apr 3, 2019 By: Opinion87 Member since: Jul 1, 2015
  4. Davek0974

    Davek0974 UKBF Ace Free Member

    2,540 308
    Nope, its levelled out i think now, lower but steady again.
    Posted: Apr 3, 2019 By: Davek0974 Member since: Mar 7, 2008
  5. OMGVape

    OMGVape UKBF Regular Free Member

    433 55
    This week and last week I thought someone had switched t’internet off.
    I even email myself just to make sure it’s working.
    Posted: Apr 3, 2019 By: OMGVape Member since: Jan 21, 2018
  6. Mr D

    Mr D UKBF Legend Free Member

    21,890 2,573
    Did you get a reply?
    Posted: Apr 3, 2019 By: Mr D Member since: Feb 12, 2017
  7. Justin Smith

    Justin Smith UKBF Enthusiast Free Member

    603 59
    I`m comparing the last few months )about minus 30 to 40%) with the downward trend (about 10% a year) in aerial sales we`ve been experiencing for years. It`s hugely different.
    We don`t just sell TV aerials anyway, more and more of our products are bought by people fitting everything from weather stations to RF data links.
    Posted: Apr 4, 2019 By: Justin Smith Member since: Jun 6, 2012
  8. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    11,454 2,360
    Justin, do you sell anything to recors NOW TV programs without costing a fortune, we have just dropped Sky as fed up with the price hikes
    Posted: Apr 4, 2019 By: Chris Ashdown Member since: Dec 7, 2003
  9. Justin Smith

    Justin Smith UKBF Enthusiast Free Member

    603 59
    We only sell aerials and installation products, though I`m trying to specialise on the latter because, as already discussed the long term future of TV aerials is not positive. That said, there is a chance of a medium term increase (the next year, esp first 6 months of 2020) as many transmitters are changing their transmission groups. The down side is that will only prove beneficial to those in poor signal areas. The up side is the "pile the cheapo stuff high and sell it cheap" merchants can`t sell grouped aerials because it requires knowledge and close communication with the customer.

    Your point about Sky`s price is very valid. The fact is that Freeview via a TV aerial is, well, free. And there are A LOT of people who don`t want to pay for their TV, including me as it happens ! WE get significant numbers of people fitting TV aerials because they don`t want to pay Sky or Cable or whatever. AFAIK Netflix and all the others cost money don`t they ?
    Posted: Apr 5, 2019 By: Justin Smith Member since: Jun 6, 2012
  10. chalkie99

    chalkie99 UKBF Enthusiast Free Member

    845 255
    Posted: Apr 5, 2019 By: chalkie99 Member since: Nov 14, 2008
  11. chalkie99

    chalkie99 UKBF Enthusiast Free Member

    845 255
    Quite interested in this comment and wonder if you can give any more info?

    We used to get great reception on Freeview but this has degraded greatly until we can barely get any channels now and have to cast via the internet.

    I did wonder if our aerial had been "de-tuned" by strong winds but then read that transmitter signals had been affected by 4g mobile phone coverage which meant that we would need a new aerial. Then I read that the new 5g mobile signal would render a 4g compatible aerial useless and we would need yet another new 5g compatible aerial.

    I have since found that other people in the area have lost their signals too.

    Are the changes you mention countrywide or only in your area and are they likely to rectify the Freeview problems?

    Posted: Apr 5, 2019 By: chalkie99 Member since: Nov 14, 2008
  12. Mr D

    Mr D UKBF Legend Free Member

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    Yes paying for an internet based service is not free.
    Though not affected by weather and doesn't need a new aerial every few years. And much better content than TV license gets.
    Posted: Apr 5, 2019 By: Mr D Member since: Feb 12, 2017
  13. WaveJumper

    WaveJumper UKBF Enthusiast Free Member

    574 104
    My observation on this topic for what’s its worth is (I will only mention this word once) Brexit is diverting the attention away from what is becoming the perfect storm.

    Taking retail first as we know in the UK this has been seeing a massive shift from high street to online, not helped by increased rents, increased business rates, staff costs etc, etc.

    Over the last few years there was a rush by many well known retailers to go big, and develop huge stores, at the same time we also saw many new names coming to the high streets and all trying to compete for the same slice of cake particularly this could be seen in the clothing sector.
    In general many retail companies have built their empires on debt expanding at a great rate.
    So we have seen rising costs for retailers, increased competition all helping to drive margins down, and now seeing some big names fall by the wayside.

    We have also social change brought on by the government tightening down on benefits and other payments to the more vulnerable within our country. This has had a massive impact on their spend. Along with what we call the middle classes the supposed ‘better off’ no real wage growth for years, just increased costs across the board for many.

    At the same time in the wider world we have huge debt problems occurring USA the sub prime debt situation is now higher than it was when we crashed into the last recession, China have their own problems, Germany has problems along with France, Spain the list could go on and on. I would suggest there’s a real big problem brewing out there and it’s effects are gradually being felt.

    The US and China trade deal causing big problems for the markets they sneeze and we all catch a cold. The markets (and by this I mean equity markets) were taking a big hit in 2018 although gains have been seen since some markets last year fell back to 2008 levels.

    We have been in a recession of sorts for some time but are being led to believe all is ok out there, I would suggest it’s not, and by the sounds of it many of us are beginning to feel the first effects of the next storm.

    What I would urge is don’t just think it’s a Brexit “blip” (sorry I did mention this again) it’s a far much wider problem than that, and as somebody else as already mentioned when tide goes out who is going to be left with their swimmers around their ankles?
    Posted: Apr 5, 2019 By: WaveJumper Member since: Aug 26, 2013
  14. Gordon - Commercial Finance

    Gordon - Commercial Finance UKBF Ace Free Member

    2,274 718
    Posted: Apr 5, 2019 By: Gordon - Commercial Finance Member since: Jun 26, 2017
  15. Noah

    Noah UKBF Ace Free Member

    1,249 314
    I have been saying this for some time now; I'm bound to be right eventually.

    I thought it was absolutely daft, and irresponsible, when post-crisis prognostications of the impact of the 2008 meltdown came out as "It could be as long as 18 months before things return to normal!". My thought was "5 years if we do well, more like a decade." And then we voted in an ideological austerity government. Brilliant!

    My doom-and-gloom opinion : the combination of credit crunch and ideological austerity set this country on a downward spiral that I can't see an end to.

    Have a great Friday!
    Posted: Apr 5, 2019 By: Noah Member since: Sep 1, 2009
  16. Guy Incognito

    Guy Incognito UKBF Regular Free Member

    190 32
    We've been lucky. Business going for 2 years now. Sales in Feb were up 328% on Feb 18. Jan in comparison was only up 55%. March was an increase of 642% (and a record month in terms of sales by a large margin). This month we've already done as much business as all April last year and will likely be a record month in terms of sales. Business peaks around June and is pretty good year round with the exception of December - which is always very quiet.

    We sell direct to the public through our website for the vast majority of our sales (95%+).
    Posted: Apr 5, 2019 By: Guy Incognito Member since: Aug 2, 2016
  17. The Byre

    The Byre UKBF Ace Free Member

    9,765 3,944
    It is called 'The Austerity Delusion' and is a well-known economic fallacy that belongs to the group of rather dangerous fallacies known as 'Fallacies of Composition'.

    These fallacies are based on the idea that what is right for an individual, is right for a large group. For example, it is right for a family to cut its' budget to fit their income - however, if an entire nation cuts down on public spending, that can reduce its' tax-take by a disproportionate amount and thereby leads to a spiral of increasing public spending costs and falling tax revenues.

    That is because a small unit such as a family has a more-or-less fixed income. For an entire nation, public spending has a direct effect on tax revenues. The correct analogy to the family would be if the main breadwinner were to save money by not buying a car and therefore not travelling to work!
    Posted: Apr 5, 2019 By: The Byre Member since: Aug 13, 2013
  18. J Ali

    J Ali UKBF Contributor Free Member

    75 1
    Was averaging 3-4 orders a day currently down to 2-3 a week, definitly more cautious spending at the moment.
    Posted: Apr 5, 2019 By: J Ali Member since: Sep 12, 2018
  19. Mr D

    Mr D UKBF Legend Free Member

    21,890 2,573
    The internet has been a threat to the offline sales for a couple of decades now.
    Yes, internet sales are increasing faster than many offline sales channels but is still only a portion of the annual shopping.
    And a lot of businesses that trade on the high street have invested in online sales too, some integrating them to such a degree as to do in store collection of internet orders quickly and easily if customer does not want to wait for delivery.

    Increased rents, yes affected a lot of businesses - online and offline.
    Increased staff costs - retail has for quite a while had a chunk of its staff on minimum wage so increase min wage by 4.8% a year and the shop wage bill goes up considerably.
    Online has a slight advantage in that its staffing requirements can be set up different.

    Tightening down on benefits? The very popular benefit cap, the disaster of the 'bedroom tax' which had a major flaw of supply. Tightening public spending - cannot say my business noticed any impact from the benefits changes. I noticed personally, not commercially.
    When sales double its hard to notice what has negatively impacted sales that month.

    Yes, the world is connected. The waste material impacting the rotating cooling device tends to have a knock on effect.
    Posted: Apr 5, 2019 By: Mr D Member since: Feb 12, 2017
  20. Mr D

    Mr D UKBF Legend Free Member

    21,890 2,573
    The other side of your example above is that a government that reduces its spending can cope better with reduced tax take.
    Multiple chancellors looking to apply cuts or limits on spending in past 11 years in the UK. Was it party ideology of 3 political parties that applied? Or some other reason to act as they did regarding spending?
    Posted: Apr 5, 2019 By: Mr D Member since: Feb 12, 2017
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