The one-stop shop for business idea research in 2022

You’re thinking of starting a business and are unsure what business you want to choose. By default, research is the first thing that will pop up in your mind, and why not?

To identify your company’s opportunities and threats, you must conduct thorough research. It will enable you to build a business with unique strategies that set it apart from other similar businesses.

Fortunately, this guide will serve as your one-stop research solution for inspiring business ideas you can pursue and for discovering which businesses are in demand in 2022.

Home-based Business Ideas

The process of setting up a home-based business is quick and straightforward. Despite its ease of starting, some home-based businesses require you to put an upfront investment to get started – while others can get started with as low as 20 pounds.

Furthermore, you can run a home-based business efficiently from your living room or convert a spare bedroom into an office.

So, what’s the best home-based business idea for you? Cherry-pick from the options below.

Buying and selling on marketplaces

There are a lot of marketplaces that let you buy and sell brand-new and second-hand products online.

Some people follow the common practice of buying goods from one site and then reselling them on another online marketplace to make decent money.

eBay, Gumtree, Amazon, etcetera are some marketplaces to carry out your selling and reselling business.

To sell the products online, you will have to store the products and maintain an inventory according to consumer demand.

Investment: Medium

Type of mode: Online

Earnings: £28,864 in the United Kingdom

Freelancer

Do you dislike corporate work and don’t wish to stay at one place all day?

Freelancing might be the right choice for you. As a freelancer, you become your own boss, and you decide what, when, where, and how you work.

Instead of a month-end salary system, you’ll get paid hourly or once the project ends by the day.

This profession doesn’t have set geographical limits; you can sit in one country and work for many clients from another country. You can work on as many diverse projects that come your way and broaden your work experience and knowledge. 

A career in the freelancing field could include event management, video editing, fine arts, graphic design, etcetera. But remember, you should be skilled in the freelancing field you choose. 

Here are some sites that can get you started with your freelance work:

• Upwork
• Designhill
• Toptal
• Behance
• Dribbble
• Fiverr

Investment: No cost

Type of mode: Online, Offline

Earnings: Hourly wage up to £13.77

Youtube

Not that you’re unfamiliar with this platform, YouTube is a video-sharing service where you can watch, like, share, comment and upload your own videos. You can access it on PCs, laptops, tablets, and mobile phones.

Youtube has over 2 billion monthly active users, which means you have a broad audience to showcase your talent to and earn money from the engagement you get on your uploaded content.

To start your own youtube channel, you need to decide the type of content you will be producing and the content uploading consistency.

You should keep in mind that some people become the star overnight on youtube, and some take years of hard work. So never be disappointed and keep going at it.

Here is the list of a popular types of content that is viral on youtube nowadays.

• Music videos
• Comedy sketches
• Pet videos
• Movie trailers/reviews
• Lifestyle
• Fashion
• DIY
• Gaming, etcetera.

Sell stock photography and videos

If you are really into clicking ‘Grade – A’ pictures and shooting aesthetic videos, why not make some money?

Stock photography and Stock videography have been a source of revenue for decades, and, as a result, it has become a relatively competitive field.

Due to the level of competition, it’s challenging to differentiate yourself from other photographers by uploading generic pictures. 

However, it is not impossible. You can sell more of your stock photos and videos by being up-to-date with the latest trends and visualising your subject from a deeper perspective.

If you want to opt for stock photography and videography as your primary source of income, you’ll have to give it your all. You have to be consistent about uploading high-quality stock images and videos and building an impressive portfolio.

Investment: $1,000 for equipments

Type of mode: Online

Earnings: With an extended license, earn up to $500.00 per sale

Content Writer (Copy Writer)

Are you thinking to start your career in content writing/copywriting? It is just the right time to get started. The scope of content writing is enormous, and it is increasing by the day as industries demand more content.

Copywriting is a form of writing where you need to form crisp and short copies that should immediately catch the attention of the audience you want to target. You need to have a creative mindset to target copywriting as a career.

Content writing is associated with all kinds of business, be it — Media, IT industry, Digital Marketing, E-commerce, Scriptwriting, Apparel Industry, etcetera. 

So, you have a wide range to choose from to decide what type of content you are interested in writing.

If you are not a journalism degree, you can get started with online content writing courses that will help you understand its concept and enhance your skills and portfolio. 

Here are some of the sites you can do the courses and attain a course certificate.

• Udemy
• Coursera

You can also stay tuned with the podcast Grammar Girl by Mignon Fogarty.

The best practice of all is writing and reading as much as possible.

Investment: No cost

Type of mode: Online

Earnings:  £25,334 per year

Make and sell stuff

To make and sell handmade products, you need to awaken your artistic side. You can create your own DIY products and sell them online from the comfort of your home if you like art and crafting. 

You will determine what you will sell, how you will market it, and how much you need to sell. Some of the products you can build from scratch include bath bombs and soaps, printed merchandise, jewellery, candles, sweets, paintings, etcetera.

Here are some of the sites you can use to sell handmade products online.

• Etsy
• Shopify
• Folksy

Investment: medium cost

Type of mode: Online

Earnings:  £21000 per year

Virtual assistant 

Becoming someone’s virtual assistant is a fantastic job if you want to choose a work-from-home job entirely. 

What will your day look like if you become a virtual assistant? Typically you will include scheduling appointments, making phone calls, making travel arrangements, and managing email accounts.

The advantage of hiring a virtual assistant for an employer is that they can contract for just the services they need.

To become a virtual assistant, you should be familiar with standard software and business programs and possess a high level of computer skills.  

Investment: No cost

Type of mode: Online

Earnings:  £11.47 per hour in the United Kingdom

Affiliate Marketer

Got an excellent hands-on concept of marketing and kick-ass strategies that have bought you good results? If yes, then affiliate marketing is just the right thing for you.

Affiliate marketing is a popular marketing strategy to drive sales and generate significant online revenue.

To start with the journey of being an affiliate marketer, you should choose a niche that you’re interested in and has low competition in the market. 

Then, evaluate its market demand, analyse your competition, research affiliate programs, choose your affiliate marketing method, make websites, run paid ads, and create and publish engaging content.

Carry out extensive research and market your client’s product to the right audience.

Investment: Low cost

Type of mode: Online

Earnings:  £34,641 per year in the United Kingdom

Transcription service

A transcription service is a business service that converts speech into a written or electronic text document. 

To start your own transcription business, you need to be an excellent listener and process hours of chatty recordings. 

As a transcriptionist, you can make money from home, and with just a little training and speed typing, you can build a successful career.

Transcription services are applicable for highly official purposes, such as depositions and hearings, and minor official purposes, such as translating recorded client interviews, collated research and taking personal notes.

Investment: Low cost

Type of mode: Online

Earnings:  Between 50p and £1 per audio minute

User testing

When a company is near launching new software, they conduct a user testing session where they hire people to test the software and identify errors and bugs.

Companies do spend a lot of user testing to speed up the whole process of fixing the bugs. And, if you want to be one of the testers, you can simply sign up on freelancing sites from where you can source the work.

Facebook and related apps also have a program to earn money testing their apps. Although you won’t get a lot of new opportunities, it’s still suitable for the portfolio.

Here are some of those sites.

Userlytics

Fiverr

Upwork, etcetera.

Investment: No cost

Type of mode: Online

Earnings:  £20-£60 per hour in the UK

Voice over artist

If you want to vouch for the voice-over artist profession, you should have a soothing and powerful voice at the same time.

Voice-over artists use their voices in radio, television, film, theatre, commercials, podcasts and other presentations. The most important thing is that your voice should appeal to the listeners.

To begin with, you can hire a voice-acting coach, listen to the professionals daily, and keep practising.

It is an exciting career opportunity where you will expand your work network and work with hotshots of the entertainment industry.

Investment: No cost

Type of mode: Online and Offline

Earnings:  £18,516 per year in the UK

House sitting

Whenever possible, housesitters provide free accommodation, utilities, and income to homeowners in exchange for caring for their properties while they are away. 

You will have to perform basic housekeeping tasks, water plants, and collect mail for homeowners. 

The foremost thing is that you need to be careful with the home assets and respect their homes. If things go down south with you taking care of their place, things may not work best in your favour professionally.

There are many house sitting websites you can sign up to and get jobs. Some of them are:

House sitters UK

mindahome 

HouseSit

Investment: No cost

Type of mode: Offline

Earnings: £50 – £200 per day

Developing and selling apps

If you have top-notch skills as a developer, making an app comes easy. You can begin earning and running your own business by taking many outsource app development projects.

If you don’t want to work on an outsourced project of other companies, you can research, form your ideas, create a business concept, and then develop an app. Once you launch your app, you can grow its user base and keep it running.

Later, you can create a great pitch and sell it to the companies that might require the app. Selling may not be that easy, and you may even face some rejects in the way but keep going at it and make sure you target the right audience.

You can also reach out to the investors if you can’t afford the app development costs.

Investment: High investment

Type of mode: Online

Earnings:  £45,000 per year or £23.08 per hour

B2B Business service Ideas

There is an increasing demand for B2B businesses as every business needs to purchase products and services from other businesses to operate efficiently and grow.

B2B companies accept larger business orders, and those purchases go through considering the long-term goals.

If you’re thinking of starting your own B2B business, here are several ideas you can consider choosing as a full-time source of income.

Business Broker

In your role as a business broker, you will primarily work with buying and selling small businesses. Companies will rely on you to secure a good deal, submit paperwork correctly, and obtain necessary licenses and permits.

You earn your salary via commission that business owners offer you though you should state your service price beforehand.

You should maintain business confidentiality and knowledge of the law. Your negotiation, selling, and communicating skills with the clients should be on point.

Mode: Offline and Online

Investment: High cost

Earnings: £41,219 /yr 

Coworking space

Coworking spaces are in trend because of the sustainability, convenience, and mundane office environment it provides.

You can earn a lot of money in starting a coworking space business and the highest scope to develop more in future as most companies are opting to work in coworking spaces.

You should build a coworking space filled with world-class amenities and close to the much-needed hotspots — public transportation stop, hospital, restaurants, chill zone, etcetera.

You will have to build a skilled team that will assist you to keep your business up and running in no time.

Mode: Offline

Investment: High cost

Earnings: Profitable

Virtual call centre operator

If you are thinking of launching a virtual call centre, your client base is not limited to just the country you live in; you can expand your virtual business worldwide.

You can sit in one corner of the country and solve the issue your client’s customers face who might live in different countries than yours.

The first step is, you will need to choose your field of expertise, that is, select the sector according to the industry knowledge. Then you can start reaching out to businesses and build your client base. 

Later, you can hire similar-minded employees under your wing and train them to expand your virtual call centre.

Mode: Online

Investment: low cost

Earnings: £24,756 /yr

Business Incubator

If you have abundant money in your account and want to invest in a business where you can make a profit, a business incubator is just the thing for you.

A business incubator is an organisation that provides a full range of services that helps startup companies and individual entrepreneurs develop their businesses, from management training to office space to venture capital financing.

You don’t have to think too big; start with a small business to earn profit and then aim for big ones.

Mode: Offline

Investment: High cost

Earnings: £24,170 /yr

Security services company

As crime rates worldwide are increasing, the need for security services to make people feel safe and secure is on the rise.

Opening a security service company is what everyone wants, from business to ordinary people.

To start with, you will need to hire skilled and energetic people under your wing and give them defence training professionally. 

Finally, you can reach out to businesses and provide them with your protection.

You also have an option to open online IT security services to help companies deal with online security breaches.

Mode: Online and Offline

Investment: Low cost

Earnings:  £30,231 /yr and £26,485 /yr

Educational Business Ideas

You are the kind of person who loves to impart your learnings and knowledge to others. If so, How about choosing a full-time career in the educational sector?

Education is also influencing the world of business in multiple ways. In standard practices, companies adopt vocational training and work-based learning.

Here are the options you could go for to own an educational business.

Language Tutor

There has never been a greater need for language tutors due to the increasing number of students studying languages for GCSE and A-Level.

If you have a passion for languages, you might be interested in becoming a language tutor, whether you want to tutor part-time or full-time.

Your qualifications should be up to the degree level in your chosen language so that you can stand out as more credible to your tutees.

Your competency to teach a language depends on four factors. You should fluently read, write, and speak the chosen language. Also, your listening skills are top-notch, and you should instantly catch every word the other person says in the same vocabulary.

You can sign up on Preply and source some work to get started and build your base.

Operating Mode: Online and Offline

Investment: low cost

Earnings:  £34,455 per year or £17.67 per hour in the UK

Online Course Creator

Online courses are what people nowadays are enrolling for to widen their knowledge spectrum about their interests.

For people who want to change their work domain to something completely different from their experience, their first choice is to pick up a course to gather knowledge about that particular field.

To launch your online course, you should choose the subject of your expertise and create in-depth content with simple language that the audience would quickly grasp. Including enough examples can help learners understand much better.

You should make online courses that are fun and easy to understand, which is entirely different from the school curriculum.

Give it a go; all it takes is a web camera, capture software, basic editing skills, and a website.

You can register to THINKIFIC to get started with your course creator profession.

Operating Mode: Online

Investment: low cost

Earnings:  £26,531 per year in the UK

Child care centre

The childcare business isn’t accessible because being friendly with the children and handling them well is not everyone’s cup of tea. 

If you mingle with kids quickly and love having them around, then count it as your plus attribute to open up your child care centre.

If you have a broad and open space in your house for a child care centre, you can start with babyproofing the area and have kids over to take care of. 

Alternatively, you will have to invest in a building, and it is also necessary to get your business registered here.

It is essential to decide what age group of children you will enrol in the child care facility, the premises and take crucial steps towards their hygiene and safety. Hire employees that are fond of kids and get along with them well.

Tip: To gain a little bit of experience in this field, you can also work as a child care worker in any child care facility.

Operating Mode: Online

Investment: High cost

Earnings: £69,648 per year in the UK

Corporate Trainer

Your job as a corporate trainer will be similar to that of a teacher, except you work in business settings and need specialised training to excel in this field.

As a corporate trainer, you can expect a wide range of career opportunities. All industries use corporate trainers to ensure employees have the necessary knowledge to do their jobs and learn how to work in an office environment.

You need to have a bachelor’s degree or advanced graduate degree, develop public speaking skills, work in human resources, choose your work environment, undergo training, and apply for jobs.

Operating Mode: Online and offline

Investment: low cost

Earnings: £29,507 in the UK

Tutoring Students

Whether in primary school, high school or college, every student is under increasing pressure to perform well. You can offer your tutoring services if you are passionate about teaching and have sufficient experience and knowledge concerning a specific subject.

You can offer tutoring services both online and offline. Choose a subject you are familiar with from A-Z.

You can spread the word in your locality or register online to acquire work, get registered on MyTutor, Fleet House, etcetera.

An online teaching advantage is that you can teach students from all around the world, impart your knowledge to them, and interact and learn a lot from them in return.

Operating Mode: Online and Offline

Investment: low cost

Earnings: £43,219 per year

Health and Fitness Business Ideas

Given today’s busy lifestyle, everyone is conscious about their health and fitness. By establishing a health and fitness centre, you will push people to achieve their fitness goals and live healthier lifestyles.

This business has a solid potential to drive profit when put in exemplary efforts. Plus, you have to be a fitness freak yourself to understand what your prospects want in a fitness centre.

First, you need to decide what kind of fitness business you want to establish. Here is the list of abundant choices to choose from when it comes to launching a fitness venture.

Nutritionist

Nutritionists should meet strict educational standards to get registered. To choose this as a business option, you will need a qualification in nutrition, food science, nutrition, chemistry, biology, dietetics, or biochemistry, usually a degree or a Master’s.

Becoming a nutritionist is a very delicate task as you will have to use food science to help your clients make healthy food choices and maintain their diet and dietary intake charts.

To start a nutritionist business, you will have to plan and study the healthy eating market and research our potential client base.

Then, you will have to capture venture capital and launch your business.

Mode: Offline and Online

Investment: Low cost

Earnings: £20,000 to £25,000 per year for private sector roles; Senior roles: £45,000 to £80,000 per year

Personal trainer

The most important job in the fitness industry is being a personal trainer. Suppose you’re already a fitness freak and are now on a journey to a personal trainer. 

In that case, your workday will include writing exercise plans, walking clients through their fitness sessions, offering nutritional advice, keeping a check on their improvement, and much more.

Your work hours can be long, and you need to appear energetic in every session you are in charge of to pump up your clients.

You also need to invest in education, acquire a level 3 certificate in personal training, build a client base, and be social and friendly.

Mode: Online

Investment: Low cost

Earnings:  £60,000 per year

Yoga instructor

Like yoga, starting a yoga business takes time and dedication. More and more people are adopting yoga to attain calmness, mental peace, and anxiety-free life.

Being a yoga enthusiast might not be sufficient to open up a yoga business and become a certified yoga teacher.

Yoga Alliance Or British Wheel of Yoga are two organisations that will help you with yoga training and certification.

Create a plan, gather the capital for your business, open your centre at an easily accessible soothing location, build your client base, and publish your website with crisp content.

Mode: Offline and Online

Investment: High cost

Earnings: £32,000 gross per year

Massage therapist

Massage is one thing that no one will say no to after a hectic workday. And if you want to jump right into opening a massage parlour, the first step is to get yourself certified.

Choose the type of massage business — injury recovery or stress relief. Decide whether you want this business to be home-based or buy/rent a standalone building. You will have to inform your mortgage provider and the house insurance provider if you choose your house as your workplace.

The local council requires you to register with them and acquire a business license. You need to map out your budget and your competitors in the market. 

FHT is an organisation where you can register and stay connected to the massage and therapist community.

You need to map out your budget and your competitors in the market. Study your competitors and provide a service that is much better than theirs. 

Mode: Offline

Investment: High cost

Earnings: £25,000 per year or £12.82 per hour

Acupuncture Business

Acupuncturists help people overcome chronic diseases, lose weight, and stop smoking by stimulating the central nervous system. 

You need to take BAAB accredited courses to ensure you undergo professional training covering everything you need to succeed as an acupuncturist. 

Before opening your clinic, consider working with GPs and other health professionals.

According to Yahoo, the acupuncture business is a profitable deal, “Global Acupuncture Market 2022-2026 will grow by $ 14. 31 bn during 2022-2026, progressing at a CAGR of 13. 65% during the forecast period.”

Mode: Offline

Investment: Low cost

Earnings: £30,000-£40,000 per year in the beginning

Sports Academy

You have been sporty your whole life so far, and now you are looking forward to opening up your own sports academy where you want to coach other people and furnish their skills.

Choosing a perfect location and acquiring the funding is the first step. After that, you will have to buy all the proper types of equipment that are required to train the players.

You also have to build your brand name and advertise it well.

To become a coach, you need a be trained professionally and given your personality skills, you should:

• have effective communication skills
• have the ability to inspire others
• have excellent organisational skills
• have a supportive and friendly attitude

Mode: Offline

Investment: High cost

Earnings: £30,000 to £35,000 per year

Hospitality Business Ideas

According to ONS data, amidst pandemic, the UK economy grew by 4.8% in Q2 of 2021, and CGA’s UKHospitality Quarterly Tracker shows that the hospitality sector is responsible for 40% of the UK’s total economic growth in this period.

The UK is a country packed with great Britain’s History that goes way back to a thousand years or more, terrific scenery, great storybook architecture, and much more.

People would want to visit and witness the beauty of Britain. Given the stats, the hospitality sector is making it possible to maintain the reputation of this country by providing the visitors with great stays, tasty food, tour guide services, etcetera.

The hospitality sector will continue to grow in the coming years; this is a perfect time for you to jump in and start a hospitality business.

Here is the list of hospitality business ideas for you to explore to get you started.

Tour-guide

As a tour guide, your responsibilities will include guiding visitors to show around the places — castle, gallery, historic house or garden. You will have to explain to them the significance of the historic sites and guide them through the architecture of buildings.

You can even escort a group of visitors to show them around the places rather than just taking upon a single person. They may ask you questions about the site and ensure you answer.

The qualifications you require to become a tour guide are:

• Level 2 Certificate in Travel and Tourism 
• Level 3 Diploma in Travel and Tourism

It is beneficial to learn multiple languages to communicate smoothly with tourists.

To become a tour guide through apprenticeship, you can opt for pieces of training such as: 

• Level 2 Customer service practitioner 
• Level 3 Event assistant 
• Level 3 Cultural learning and participation officer

And to volunteer yourself as a tour guide, you can join organisations — English heritage and National trust that will help you gain experience and skills for becoming an efficient tour guide.

Acquiring a tour guide badge depicts your professionality level; three badges are available.

• Level 2 – White Badge; for guiding around the specific site
• Level 3 – Green Badge; for walking tours and museum tours in a particular city
• Level 4 – Blue Badge; for covering all the large geographical areas

Mode: Offline

Investment: Low-cost

Earnings: £20,378 – £26,025

For further information, you can visit the Institute of Tour Guiding.

Hostel owner

The best way to accommodate visitors worldwide is to open a hostel. Hostels provide a place where visitors will get a chance to mingle with each other and explore the city together.

Your hostel should be commercially viable and located near all the hot spots, like food places, party places, medical care centres, and popular sites.

Here are a few things to keep in mind before setting up your hostel.

• Outline your business plan
• Familiarise yourself with the hot trends in the hostel market
• Do thorough market research, your potential customer persona, and their needs
• Perform competitive analysis; check out what other hostels have to offer and provide your customers with much more premium services
• Gather the capital required and get started according to your plan
• Market your places through all the social media platforms available

Apply for and attain all the licenses before establishing your hostel.

Mode: Offline (You can accept online bookings)

Investment: High-cost

Earnings: Profitable

Bed-and-Breakfast owner

If you own a house/property, why not set up a B&B empire? As a Bed-and-Breakfast owner, you will be providing your guest with a bed to sleep in with the combination of breakfast until their stay ends.

To open a B&B, you have to always be warm and welcoming towards your guests, your cooking skills should be top-notch, and you should maintain the accommodation properly, that is, keep it nice and tidy. 

There are no specific licenses or qualifications required to establish a B&B. You will have to keep in mind the fire regulations as you will need to carry out a Fire Risk Assessment.

Consult your local authorities before establishing your B&B. In case you want to have more than three guest rooms, you must also apply to your local planning office for a change in use of your property.

The central part of B&B is providing food, so you will need to follow the rules on food safety.

Mode: Offline

Investment: Low-cost

Earnings: £2 billion per year

Vehicle rental service

Vehicle renting is a great business idea you can get your teeth into, but a fair warning, the vehicle renting industry is kick-ass competitive.

People rent vehicles for various reasons — some are just visiting the city for a short time, accommodate travel for significant events — like weddings, birthdays, business travels, road trips, and prom.

The biggest investment to start your business is to avail your services to customers; you will have to buy cars and bikes outright.

There is no option for your to lease the vehicle yourself because that will add up nothing for your business. You can’t cut some money by buying second-hand vehicles from sites like eBay, Gumtree, Car Craft, Car Giant, etcetera.

Ensure that all the vehicles you are providing are safe to drive, that is, adhering to product liability legislation under the Consumer Protection Act.

You need to constantly monitor the safety of your cars and take necessary actions to sort the problem, if any.

To get business insurance, you should opt for self-drive hire insurance; this insurance is specially designed for rental companies.

Aside from self-drive hire insurance, you will also need:

• Product liability insurance
• Public liability insurance
• Employers’ liability insurance

Mode: Offline

Investment: High-cost

Earnings: Profitable

Laundry service business

Launching a laundry service business can prove to be profitable as some people hate doing their laundry, and some don’t have time on their hands to do the laundry. 

People outsource their laundry to wash to continue wearing clean clothes every day.

To start, you will have to invest in buying 2-3 washing machines at first; to reduce the cost, you can buy a second-hand watching machine on third-party platforms like eBay, Gumtree, etcetera.

You must provide a laundry pick-up and delivery option for your customers.

Keep your business up-to-date with all the proper permits and licenses — health department license and water pollution permit.

Mode: Offline

Investment: Low-cost

Earnings: between £100,000 and £249,000 each year

Food and Catering Business Ideas

We all know that delicious food makes any day better, no matter how awful it has been. So, the catering and food business can never go out of business because everyone needs to eat good food.

If you plan to open a food business, you should focus on providing high-quality food and maintaining cleanliness in the kitchen and restaurant.

The food industry is huge. We have compiled a list of some food and catering business ideas you can start with.

Food truck

A food truck is a mobile restaurant that serves food to people on the go. Tacos to burgers to soft drinks, you can sell everything on a food truck.

What sells most on the food trucks is street food, and every country has its range of street food. And, if you’re an excellent cook, that will just add benefit to your food truck business.

First, decide what type of food you want to sell, traditional or international street food, on your food truck.

The second step is budgeting; you can start small and scale up as your business grows.

The third step is to register your business and acquire all the licenses needed to run your business.

The fourth step is to have a Level 2 Food Hygiene and Safety for Catering certificate and make sure your employees undergo hygiene training.

The fifth step is to spread the word about your business and protect your business with insurance.

To know more, you can visit, Food standard agency and Nationwide caterers association.

Mode: Offline and Online (opt for food delivery to nearby locations)

Investment: Low cost

Earnings: £100,000 per year

Craft Brewery

The craft Brewery business is booming in the commercial industry, and its popularity is constantly on the rise. 

So if you’re planning to open up your brewery, this is just the right time to go for it. Despite the brewery’s rising popularity, your passion for craft ale should be on the rise too.

Start with opening a microbrewery. Find out what skills are required to run a microbrewery. As you open a microbrewery, you need to focus on quality and technique.

You would also want to spend a lot of time learning how to brew your own. Once you have learned all the basics, you will be ready to experiment with the taste and flavours.

You will require both premises and a personal licence to run your microbrewery.

You can join organisations like London Amateur Brewers and The Society Of Independent Brewers to mingle with like-minded brewers and explore new strategies and new flavours.

Mode: Offline 

Investment: High cost

Earnings: £45,000 to £50,000 per year

Chef

Chefs play an important and challenging role in the kitchen. Chefs with the right qualities, experience, and training can still enjoy a rewarding career in this position. 

To become a chef, you should have a passion for food and culinary arts and be aware of time management skills.

As a chef, you should have the stability to stay calm under pressure and have excellent communication skills.

There are four levels to becoming a chef.

1. As a Commis Chef, you will be in charge of cleaning, chopping and preparing ingredients. 
2. As sous Chef de Cuisine, you will be in charge of running the kitchen, and you take on tasks in place of the head chef.
3. A chef de cuisine is usually responsible for developing new menus or supervising the kitchen staff.
4. Chef de Partie is responsible for overseeing a section of the kitchen, be it baking, butchery, sauces, vegetables, etc.

Formal education is important as you will have to learn professional skills and knowledge to become a chef.

Mode: Offline 

Investment: Low cost

Earnings: 

• Commis chefs are between £12,000 and £16,000. 
• Sous chefs earn between £20,000 and £30,000. 
• Head chefs can expect higher salaries of £25,000 to £55,000+.

Coffee Shop

Nowadays, coffee shops are flourishing in the UK, as it drives many humans to work and efficiently perform day to day activities. 

Opening a coffee shop is a great idea but decide on the theme. How do you want it to be — a cosy chilling spot or a place where professionals get to conduct their meet as well?

The neatness of your shop design is better. Your coffee shop’s decor will set your business’s ambience. The ambience drives people to the places, and not forget your coffee. Sometimes a good coffee is enough to make people feel good.

To establish your coffee shop, you need to fill in some paperwork. You will have to register with HMRC and register your business as a limited company; that is the best choice for your cafe or coffee shop.

Get an espresso machine that fits your business needs and software to help you record your inventory and daily transactions.

Mode: Offline

Investment: High cost

Earnings: £46,000 and £132,000 in gross income annually

Bakery

If you’re always blessing your friends and family with your delicious baking, you might want to think to start your own bakery business.

No need to go all big at once; you can start small. Maybe start selling your delicacies from home, have your customers pick up their order from your home.

You can open a coffee shop, retail, or wholesale bakery if you have the capital to start.

You will have to register with the local authority and get food premises license to open a bakery.

Home catering services

According to IBISWorld, the home catering business market is worth £1 billion. It seems just the right time to enter the market and open up your home catering business. 

Today, finding the right niche is key to starting a catering business. The food you specialise in, the types of clients you serve, and the venues you cater to are all up to you.

You can cater for business events, family get-togethers, weddings, and children’s parties.

Decide if you want to be a sole trader or a limited company. After doing some market research, decide on your operating costs, and establish funds for your business. 

Ensure to keep your business records up-to-date. Bookkeep every day because you will have to pay tax, and it will get deducted from your earnings under the PAYE scheme.

Register your business with the UK government and seek help from the Foods Standard Agency.

Mode: Offline

Investment: High cost

Earnings: £18,831 per year – £33,907 per year

Dessert shop

Dessert, without a doubt, is the best part of our meal. Dessert gives everyone a calm, warm and fuzzy feeling; devoting a whole store to the most pleasing gastronomic experience makes a lot of sense.

You must register yourself as self-employed with HMRC and register your business with the GOV.UK, and inform your local authority about your business. Find out the laws and regulations set for your dessert business and work according to those regulations.

Offering customised desserts to your customers will make you stand out from the other dessert shops. Also, make sure you reach your customers through potential and effective marketing.

Hygiene should be your first priority; it is essential to acquire food hygiene training and a certificate for your business.

The ambience is essential; choose the aesthetic decor for your shop that screams sweetness aloud.

Have a conversation with your customers and ask for face-to-face reviews from them. Dwell in the positive reviews, take negative reviews head-on and work on them to enhance your customer experience.

Mode: Offline

Investment: High cost

Earnings: profitable

Tech-savvy Business Ideas

Undoubtedly, all tech-savvy businesses were thriving during the pandemic. They were the ones who helped navigate through the unprecedented times by running business digitally, assisting people in socialising virtually, getting every product & service delivered at people’s doorstep during the quarantine times.

It is undoubtedly one startup business idea that is almost impossible to fail, given that you do it right.

Be it any type of tech business you choose to establish; it is compulsory to:

• Obtaining a digital signature certificate (DSC).
• Fill out the New User Registration section of the MCA Portal.
• Trademark registration

Let’s look at some of the most popular and in-demand tech-savvy business ideas that you can assess and choose from.

VR/ AR App Developer

The VR/AR App development market will generate billions in revenue by 2022.

All you need is a unique VR/AR app idea or something that can grow like cryptocurrency trading floor, dating app, sports app, education, health, tour. The list is endless. 

You can learn to develop immersive experiences or hire someone to do it for you. 

Mode: Online

Investment: Low cost

Earnings: £55,000 to a high of £120,000

IoT Service Provider

IoT offers extensive business opportunities as it holds power to change the world. So many devices use space on the cloud, and it will only increase in the future. 

To build a successful IoT startup, you must first understand and research your end-users. Be proactive in adapting to the emerging advancements and realities to stand apart. 

Mode: Online

Investment: High cost

Earning: £39,228 per year 

VR Arcade Owner 

VR arcades bring the best of both worlds. They promise a thrilling experience combining the real world and virtual world seamlessly. The user feels everything happening in the virtual world like it is happening to them for real. 

While it is still a new arena and only available in large cities, we consider it the untapped market with high potential. You can think of any VR arcade, for instance, walking on a tightrope from a tall building. 

Mode: Offline

Investment: High cost

Earnings: profitable

3D Printing Services

The average market value of 3D printing services has increased by 25% in the past five years. It’s booming in recent times; you can choose a niche best suited for you and develop the business. 

If running a 3D printing service feels like a lot, you can always buy a 3D printer and offer it to others. 

Requirements to start the business will change according to the type of 3D printing business to choose; the fundamental decisions like selecting the 3D printer— Prototypes and models, toys for children and filaments cost, etc. 

Mode: Offline

Investment: High

Earnings: £33,887 per year

E-Bike Repair Services

E-Bikes sales are increasing as it has become quite affordable now. However, most bike repair centres fail to provide excellent repair services for E-bikes. 

Use the gap in the market to your advantage by opening an E-bike repair store or marketing yourself as an expert in E-bike repair service as well. It is ‘the idea’ for you if you already have a repair service centre to become a renowned player in your local area. 

Mode: Offline

Investment: High cost

Earnings: High

Web Developer 

In a world where people spend more time on the web than in the real world, the demand for web developers never sees a low. 

If you are skilled in the same, you can offer web development services to businesses. HTML and CSS are basic, PHP and Java are a hot trend. You can learn or hire people to do it if you don’t know. Freelancers can be a good bet. 

Begin with developing a website for yourself first, build your personal brand, try cold emailing, and analyse what works best for your business. 

Mode: Online

Investment: Low cost

Earnings: £75,000

SaaS Business Owner

Providing software as a service is another excellent business idea. Mainly on the cloud, the users take the software usage licence on a subscription basis in this business type. 

You would need patience at the start, as the business might run on no profit or loss. You would gradually start having a fixed monthly revenue as you build your client base. 

It would be a plus to know software development and project management, but you would need a team of people to pull off the whole project. 

Mode: Online

Investment: High cost

Earnings: Profitable

Smart Home Contractor

Becoming an innovative home solutions provider is a great pick when you start with the aim to make it more and more affordable for the average household. 

The possibilities are endless, from making every electronic application centrally controlled with a remote to automating security systems, shades, sprinklers, and music. 

What can you do? Research, think and take action. 

Mode: Offline

Investment: High cost

Earnings: High

E-commerce

The E-commerce business model allows businesses or individuals to sell goods and services online, that is, over the internet. 

You can start selling any product online and earn. Selling online is a good bet for you if you already have a store offline. It could be jewellery, gadgets, home decor materials or anything under the sun.

You can build a website of your own for it, get listed and start selling on e-commerce giants. As per the product, you can choose which e-commerce you wish to list yourself in and sell through, like B2C, B2B, or C2C. 

Mode: Online

Investment: Depends on the type of product production

Earnings: average of £33k per year

Antivirus developer

Almost every business invests in Antivirus software to protect their website and sensitive data from malware and virus attacks. So, the demand for Antivirus developers is usually relatively high. 

As this requires a very specific set of tech business ideas, not everyone can start this business. For this, you must know multiple programming languages to make software so robust that it can spot and eliminate before any damage occurs. 

An excellent way to start is by reaching out to businesses online, offering them your service. 

Mode: Online

Investment: Low cost

Earnings: £64513 – £129,870

Beauty Care Business Ideas

A person like you loves self-care, follows skin-care routines, visits a spa from time to time to rejuvenate, keeps their appearance presentable at all times, and help people around you look their best.

And, if you’re thinking to establish a personal care business, you’re probably going in the right direction. 

You have your passion at the right place; all that you’re unsure of is what business to start, given the wide variety of options available in the personal care industry.

Here’s the list of several low capital business ideas to consider.

Tattoo artist

Are you a big fan of ink and creating great tattoo designs? You should consider becoming a tattoo artist.

Creating a lasting image on a client’s body will be your goal, and you’ll have to work with specialised needles and ink. Beforehand, create tattoo designs from scratch and keep a set of tattoo design templates to help your clients decide what they want.

The client may express to you what they wish to tattoo.

You don’t need any special qualifications to become a tattoo artist. However, you can opt for an internship or a tattoo course to polish your skills.

Apply and obtain all the licences and permits necessary to start your own tattoo business — piercing and electrolysis licences.

Mode: Offline

Investment: Low-cost

Earnings: £37,628 per year

Fashion stylist

If you have a killer fashion sense and trendsetting styling ideas always pop up in your mind, you can choose your career path as a fashion stylist.

As a fashion stylist, you will be responsible for creating and coordinating new outfits for your clients along with the accessories. 

You will have to be up-to-date on all the hottest fashion trends and keep practising creating new clothing designs that catch your prospect’s interest.

How can you become a fashion stylist?

• Look out for a potential internship in a fashion agency to learn from the best and professional stylists and gain industry work experience.
• Maintain a lookbook to showcase your best designs to the clients to build a high-end client base.
• Although this field doesn’t require a particular degree, earning a fashion diploma will help you highlight your career in the competitive fashion market.
• Fashion courses can help you understand fashion and its history in depth.

Start building connections and create a solid professional network; this networking will ensure the success of your business moving forward.

Mode: Offline

Investment: High-cost

Earnings: £30,000 per year

Hair Stylist

The need for humans to look presentable can never vanish, and people often want to wear different hairstyles for a change. 

Some of these hairstyles include; perming, curling the hair, fixing weaves, relaxing the hair, dying the hair, and all whatnot. And that is where you, as a hairstylist, will come into the act.

To style your customer’s hair, you will need to master some hairstyling skills. If you are passionate about hairstyling, then hair styling is the best-fit profession for you.

For starters, you can establish your business from home and then slowly move forward for the workspace as your business grows.

Check with your local council if you need to acquire any licence or permits to start your business, and follow health and safety rules.

You must register your hairstylist business with GOV.UK. 

Mode: Offline

Investment: Low-cost

Earnings: £33,050 per year

Spa owner

If you’re opening a spa, your aim should be to build a relaxing environment where people can rest their bodies, minds, and souls. 

Manicure, Pedicure, massages, tanning services, meditation, and hair treatment are some of the benefits you should provide to your client base. Staying on top of the trends is what will determine the success of your business.

Take permission permit from your local council for opening your new business. If you are also providing laser treatments to your clients, register with the Care quality commission, Health Care Inspectorate Wales or Healthcare Improvement Scotland.

Moreover, you have to opt for the business insurance that best fits your business.

Check on the Licence finder provided by GOV.UK to find what type of licence you need to start your spa business.

Mode: Offline

Investment: High-cost

Earnings: £92,240 per year

Makeup artist

Makeup is an art that not everyone can master. To become a makeup artist, you need to have an artistic flair and skills to use makeup products to enhance customers’ natural features.

You can set a start to your career by joining an apprenticeship that will provide you with the chance to do:

• make up for media
• media make-up artistry
• special effects make-up

Here are some of the qualifications you can enrol in.

• Level 2 Certificate in Make-up
• Level 3 Diploma in Theatrical and Media Make-up
• Level 3 Diploma in Make-up Artistry
• T Level in Hair, Beauty and Aesthetics

Mode: Offline

Investment: Low-cost

Earnings: £35,000 per year or £17.95 per hour

Agency Business Ideas

Agencies rise as an aid for organisations or individuals. As an agency, you will provide specific services to solve your client’s problem.

Starting a new agency will never be easy; however, you can run your business efficiently and smoothly if you find the proper guidance and tools.

To open an agency, first, register yourself with HMRC as self-employed.

The success of your business will depend on you targeting the right audience concerning the type of agency you choose to establish.

Here is the list of some agency business ideas you can dig in and choose.

Design agency

Design in itself is a vast field to explore. Depending on your interest and qualifications, you can choose to open:

• A graphics designing agency; Qualifications: higher national diploma or degree in graphic design, art and design, communication design, and illustration.

Earn: £18,000 – £55,000

• An Interior designing agency; Qualifications: higher national diploma or degree in interior design, art and design, interior architecture, and spatial design.

Earn: £18,000 – £75,000

• Game designing agency; Qualifications: Games-specific degrees with subjects such as computer games art, computer games design, computer games development, computer science, etcetera.

Earn: £18,000 – £65,000

• UI(UX) designer agency; Qualifications: degree in subjects like Product Design, Digital Marketing, Digital Media and Web Design.

Earn: £25,000 – £65,000

There are many other agencies to explore as well.

If you are forming your design business as a corporation, LLC, or partnership, contact the secretary of state’s office for forms, fees, and filing instructions or log on to GOV.UK and register your business online.

Mode: Offline and Online

Investment: High cost

IT support agency

As the world revolves around digitisation, many individuals find it challenging to keep up with the new technologies getting introduced every day.

IT support comes into play to help such individuals understand the new technology and help them fix the system break down and remove bugs.

There is a consistent increase in the demand for IT professionals who can help businesses solve tech-related problems in the workplace.

To open an IT support agency, you need to have killer skills when dealing with IT problems — accidental system damage, Data security breaches, virus attacks on systems, etcetera.

For starters, you can start your business from your home and then slowly expand your business by hiring talented and knowledgeable IT fellows that are super quick with solving IT-related issues.

Providing a top-notch customer experience is what will benefit your business. Make sure you provide A-class service to all your clients so that they keep turning to you in case they face IT issues ever again.

Mode: Online and Offline

Investment: High cost

Earnings: £37,500​ – £57,500 (varies depending on the location)

Financial advisor agency

A financial adviser agency helps clients manage their money by providing expert advice. As a financial advisor, you will research the marketplace, recommend the best trades and execute trades in the market on behalf of your client.

And to get started as a financial advisor, you will need to have strong knowledge about finance, accounting, investments.

Furthermore, you should have good communication skills to negotiate better financial deals with vendors on behalf of your clients.

Your business should be registered and authorised by Financial Conduct Authority.

Mode: Online and Offline

Investment: Low investment 

Earnings: £30,000 – £100,000

Cleaning agency

Opening up a cleaning agency is relatively straightforward; you have two markets to choose from — residential (homes, public places) or commercial (business offices, restaurants, spas, etcetera.)

There is insane competition in the cleaning industry; ensure your brand stands out by providing satisfactory cleaning services to every client.

You can work on a contract basis, per order base or both. For your cleaning business, traditional marketing is what can do wonders for you. You can go door-to-door and share your agency flyers in locality areas.

The use of digital marketing is also suitable to advertise your company to different businesses.

Mode: Offline

Investment: Low investment 

Earnings: £250,000 per year

Digital Marketing agency

Digital marketing is a booming industry as companies keep spending fortunes on their digital marketing strategy. It is a promising field you can break into and start your digital marketing agency journey.

Regardless of how old you are or how much knowledge you have, learning is never enough. Take advantage of online courses and resources from top institutions to enhance your digital skills and boost your career. 

You will have rewarding results when you invest your time learning and have a deep understanding of the industry. 

You need to conduct competitor research, learn from their strategy, build your portfolio, launch your website, and start reaching out to your possible prospects.

Mode: Online

Investment: Low investment 

Earnings: Profitable

Event planning agency

You’re a party planner enthusiast, and you love to throw parties or help others organise parties, decide themes, and participate in every event that takes place. Why not take this enthusiasm to a slightly higher level and start your event planning agency?

To become a skilled planner, you will have to lay out your ideas and make a portfolio to give your client abundant options to choose from.

Often, the client might make some changes and will have to provide them with what they have requested. So, you have always to be prepared to face the worst of worst in this profession.

Skills you need to be a pro on this job are:

• Excellent communicating 
• Time management and organising
• Negotiating and managing budgets
• Marketing and creativity

You need to develop a business plan, set your event-management prices, acquire business insurance, map your suppliers, and hire talented planners like you or better than you.

Mode: Offline

Investment: High cost

Earnings: £ 41.2 billion 

Photography agency

You can turn your passion for clicking pictures into a full-time income. All you need is a high-end Canon or Nikon DSLRs camera, lighting equipment, editing software, and your top-grade skills.

You then have to decide on what type of photography agency you want to open — Event photography, Wedding Photography, Advertising photography, Sports photography, Fashion Photography, Photojournalism, etcetera.

Create your portfolio, reach out to individuals, and make a solid client base. You also need to set fixed prices for your services.

Start alone, and then hire professional staff in your team when your business starts growing.

Mode: Offline

Investment: Low cost

Earnings: £25,000 to £65,000

Chauffeur agency

If you want to own a chauffeur agency, you can include services — assign designated and professional drivers to drive people’s cars or provide taxi service to the individuals.

People vouch for hiring substitute drivers hourly when they are drunk or tired and unable to drive.

Clients can hire your services in a taxi model, including the car, and they will pay you based on the distance covered.

Both services are an excellent means of earning money. To execute this, you will have to hire licensed drivers under you and invest in some cars to provide taxi services.

To apply, you must have a UK driving license (at least three years old), as well as the right to live and work in the UK.

As your business keeps flourishing, you can launch an app for users to opt for your services.

Mode: Offline and Online (online bookings)

Investment: Low cost

Earnings: A chauffeur can earn up to £42,500 per year

Printing agency

Printing is a technique used to print particular metal shapes, glass, and clothing on paper and other materials.

A printing agency is very easy to establish. All you need to do is buy printing equipment, learn its functions, start printing what your client has asked you to. Ensure that you acquire all the licenses and permits to begin your printing agency.

You can also print advertisements for your clients and paste them on places where people can easily see the ad, like billboards and many other places.

Mode: Offline

Investment: Low cost 

Earnings: £21,831- £28,808

Advertising Agency

To open an advertising agency, are you a creative-minded person? 

As an advertiser, you’ll be responsible for creating, planning, and handling advertising and sometimes other forms of promotion and marketing for your clients.

As an advertising agency, you will have to understand your client’s work and their products and advertise them in a way that will get stuck in people’s minds and seem fascinating and informative for everyone.

You need to stay on top of the advertising trends to stand out among similar businesses like yours. Keep studying and gathering knowledge on different industry events and technologies that people use extensively.

Join advertising industry trade associations to meet like-minded people learn and grow with them on particular events. You should also enrol yourself for awards and recognition events.

Mode: Offline and Online

Investment: High cost

Earnings: £31,311 – £50,294

What after you have your business idea?

Now that you have decided upon what business you want to establish, you need to start working on how you will produce your product and launch it to the market. 

The foremost thing before starting a business is to get your business registered with local authorities and gov.UK. You might also want to register your business as self-employed in some cases. 

Registering your business means you will be able to accept payments seamlessly by getting a merchant account and having a legit financial record. If otherwise, your business will be considered illegal.

Good luck with establishing your new venture. It is off to a great start; funds and innovative ideas are important, but you might also need a team, motivation and passion to drive you towards success.