Bullion Trader Eyes £100m Turnover Target with US and European Expansion
BIRMINGHAM, U.K. (PRWEB UK) 13 September 2018 -- A Birmingham-based bullion dealer is exporting for the first time with the launch of BullionByPost EU and BullionByPost USA.
BullionByPost is an online dealer of gold and silver bars and coins and trades with private investors solely using ecommerce platforms.
The business has decided to focus on Europe, specifically BullionByPost Ireland, BullionByPost France, Orissimo Italy and the US where it has noted particular demand.
The firm turned to the Department for International Trade (DIT) to support the launch of its new websites, by providing information about trademarks and online tax considerations.
The company has said the new websites are on course to boost annual turnover by 10 per cent or £12.5m and expects to grow to £100m within three years.
Founder Rob Halliday-Stein said: "Since launching the business in 2009, we have devised a successful business model in the UK based on online commerce, product expertise and a high level of customer service.
"BullionByPost has already seen success domestically, and our ambition is to continue replicating these achievements across the globe in the months and years to come.
"The Department for International Trade has supported and encouraged us as we developed the new websites and understood our decision to focus on these priority markets.
"For any businesses looking to either start or grow their exporting journey, I would advise speaking to DIT to form a comprehensive overseas ecommerce strategy – there is a world of opportunity out there and DIT is helping British businesses tap into it. If we can do it, so can you."
Ian Harrison, head of exports in the Midlands for the DIT, added: "Rob and the team at BullionByPost have demonstrated great ambition and an entrepreneurial mindset in their approach to exporting.
"We know that exploring the world of ecommerce isn’t without its complexities, particularly when it comes to language barriers, translations and protecting trademarks.
"That’s why we have a team of Midlands-based International Trade Advisers on hand to help businesses overcome these hurdles and trade with overseas buyers effectively.
"I would encourage any business considering exporting to contact us today to find out how we can help."
Daryl Jackson, Jewellery Quarter Bullion Ltd, http://www.bullionbypost.co.uk, +44 1216348085, [email protected]
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