Are you looking for the best small business ideas for your startup in UK? Wondering how other small businesses are doing their stuff? Wondering what makes them tick and how to run them successfully?
Starting up a small business can seem overwhelming at the best of times. But when you are trying to develop a business idea in the UK, you have plenty of options available which can appear to make your head spin. There is no one size fits all approach when it comes to starting up a business, it will be different for everyone.
If you’ve decided to become an entrepreneur, or maybe you’re already one but want to get your business idea out there. Picking the right business opportunity is important, but how do you know which business ideas in UK you want to throw your time and money at?
Great! This is the right place to check out some of the best small business ideas to start a in UK. Whether you’re planning to start a business online or make it a brick and mortar store, this guide will help get your ideas flowing.
Top 20 Best Small Business Ideas in UK
Starting up a business is no easy feat. However, it can be extremely rewarding if you succeed. Whether you’re just looking to supplement your income or are starting out on a quest to become the next Richard Branson, there’s plenty of options for you.
Weighing the pros and cons of entrepreneurship can be difficult, so we have assembled the following list of small business ideas for you to consider.
1. Start a Blog
A blog is a website that is updated regularly with content such as text, images and video. Blogs are usually focused on a single topic or category and they include entries that are often displayed in reverse chronological order (most recent first).
Blogging is a great way to build your business and bring in some money. As well as providing free information for your audience, you can make money by selling advertising space on your blog pages, or using affiliate marketing schemes to make commissions on products you recommend.
Blogs can be used for many different things. It’s possible to set up a blog for any niche or topic in order to promote your business or simply share information with other people who are interested in the same thing.
But if you’re looking to get some income from it, you need to do it in the right way – otherwise you could end up creating something that no-one will want to read!
2. Open an Online Fashion Store
Fashion is the second-most-lucrative global industry, worth over $1 trillion annually. Although brick-and-mortar stores are still dominant in the industry, online stores carry $2 trillion worth of goods and are growing at a rate twice that of traditional stores. How can you start an online fashion store to get a piece of this lucrative pie? Here are two tips:
Know your niche: The best way to start an online fashion business is by focusing on a niche that you’re interested in or knowledgeable about. For example, if you love shoes, then start a shoe business. If you know a lot about handbags, then focus on that area.
Choose your products carefully: You need to offer high-quality products that serve your niche well and aren’t easily available elsewhere. Make sure your products are related to the niche so they’ll be relevant to your customers.
3. Real Estate Business
Starting a real estate business is not hard. However, it is a bit complicated but if you have the correct knowledge you will be able to start your own real estate business easily. There are many people who want to start their own real estate business but they don’t know how to do it or where to start it.
If you want to get into real estate business, then you can start ether agency services for the millennials especially or if you have properties to let out, you can start renting your own property and earn money out of it.
There are many ways that you can use in order to earn money by starting a real estate business like buying and selling of property, renting out the property, developing land and so on. You can also make money by helping others in getting their dream house with your help.
If you want to earn money from real estate business then you need to set up your own agency in order to attract the customers. These days there are many companies that provide training for people who want to get into this field and earn money from it.
It is better if you do some research before making any decision about setting up an agency because there are many things that can affect your success rate in this field.
4. Interior Designing Business
If you are a person who loves to go around houses, look at different things and decide how they can be changed to improve the look of the house, then starting an interior designing business might be absolutely right for you. If you are wondering how to start an interior designing business, here are some useful tips.
Name the business: Assign a name to your new business that is memorable and informs your customers of what they can expect from your services. You can choose a long and complicated one or a short and catchy one.
Try to make it unique so that there is no chance of any confusion with other businesses. This will help new clients find you without difficulty.
Decide on the type of business entity: The type of legal structure to be used for the business will depend on your individual needs and preferences. Consider the tax implications before finalising the choice. You may choose between sole proprietorship, partnership, limited liability company or corporation.
Registering your business: Unless you are starting out as a sole proprietor, register the new entity under the relevant state laws as soon as possible. This will ensure that you have full control over the business and protects its ownership rights in case any disputes arise in future. As for sole proprietorship, check if any such registration is required by your state government before starting operations.
5. Become a Freelancer
Freelancing can be a serious career choice. In the UK, research by Deloitte based on ONS figures found that 34% of all people in employment are now self-employed. This includes students and part-timers as well as those who have left permanent jobs to freelance full time.
A third of workers in the UK now work on a freelance or contractual basis, meaning they work on an hourly or project fee basis providing their services (time and expertise) to other businesses in exchange for a fee.
This is true of careers across most industries, from accountants and lawyers to the creative industries and beyond. In some sectors, more than half of the workforce is self-employed (as high as 55% in transport, communications and storage).
Working for yourself has numerous benefits. For starters, you’re not limited by someone else’s working hours – if you want to take a job at 7am or 11pm, that’s fine. You also don’t need to ask for time off – although it’s often advisable to let your clients know when you have no availability so they can find someone else if needed. You also have more control over your deadlines.
6. Become an SEO expert
SEO is one of the most popular forms of digital marketing. It’s a process that helps websites rank higher in search engines for relevant keywords. There are several factors that determine how high your website appears on the search engine results page, or SERP.
Titles and meta descriptions of your pages, links to your website, content quality and keywords are all weighed heavily by search engines like Google.
If you’re an experienced SEO professional, consider freelancing for other businesses or starting your own consulting firm. You can also consider becoming an SEO expert for a specific industry.
7. Start a Dropshipping Business
Dropshipping is a business model in which a company doesn’t keep the products it sells in stock. Instead, it purchases goods from a third party and has them shipped directly to customers.
When customers place orders, the third-party vendor ships the products directly to them, and the dropshipping business collects payment for the goods and any associated shipping charges.
Dropshipping is a great way to start your own online business, and if you’re new to ecommerce, it’s also a great way to dip your toe in the water without having to invest any cash.
And while you do have to invest time, once you have your dropshipping store up and running, the other benefits of dropshipping are that you don’t have to spend money on inventory or worry about storage or shipping.
8. Social Media Influencer
Social media has become a major marketing tool for businesses of all sizes. Investing in a social media manager isn’t the only way to take advantage of this powerful tool. You can also invest in yourself by becoming a social media influencer.
Tailoring your personal brand to match your business goals is key when you’re looking to become a social media influencer. Choose platforms based on what fits your business goals, not necessarily where you have the most followers. It’s better to have 5,000 engaged followers on Instagram than 50,000 who don’t care about what you have to say.
Brainstorm content ideas that align with the goals of your business and are entertaining for your target audience. Keep it short and visual. Photo and video posts perform better than long-form articles on social media because people can quickly consume them and share them with their friends.
Search engines like Google value quality content, so post high-quality images and videos on every platform. This is also good advice for your followers — if they see you posting low-quality content, they’ll be less likely to follow you or recommend you to others.’
9. Become a YouTube Star
YouTube has a massive following, and people are interested in watching videos that are related to the niche you have chosen for yourself. When you become a YouTuber, you can earn money from your videos.
You can make money by placing ads with AdSense on your videos and earn revenue. If you get millions of views, then Google will pay you more money per click. If you want to earn money from your videos, then it’s best if you start doing it fast because the competition is growing every day.
To be successful on YouTube, your video must be interesting enough for people to watch it and share it with others through social media sites like Facebook, Twitter and Instagram. Your video also needs to have good content that is not offensive or controversial.
Keep in mind that not all topics work well on YouTube. It’s best if you choose something that people really need help with or that they’re interested in learning about or watching.
10. Become a Virtual Assistant
Being a virtual assistant, is one of the best ways to start your own home-based business. It doesn’t require any special training, so it’s a great option for stay-at-home moms or dads, and college students with flexible schedules.
Tasks vary from one assistant to another, but all VAs perform administrative duties. Sometimes, you’ll get to do fun tasks like scheduling social media posts or creating newsletter content. Other times, you’ll take on more administrative tasks like sending out bills or filling out expense reports. This can be a great way to learn the basics of business administration.
Virtual assistants work remotely, meaning you can set your own hours. But keep in mind that most VA services require at least 10-15 hours of work per week. Since most VAs work on an hourly basis, this can be a significant amount of money if you’re able to find enough clients.
Some VA services offer support tools like email and calendar management that can make running your business easier. Most services offer some kind of customer service training as well. This is essential if you plan to market yourself and attract clients on your own.