Choosing a winning business idea

If you already have a suitable property, the next thing you’ll need is the appropriate insurance and to list your home on a third-party platform such as Booking.com or the official Airbnb website. You’ll need a good level of physical fitness if you intend goodtimebob.com to try startup ideas like this, as well as an understanding of how dogs behave and a master harness . In some areas, you may also need a license to be a professional dog walker, so it’s always best to check what’s needed before you open your business.

  • TheEntrepreneur’s Handbookis a website packed full of case studies, advice, deep dives and other essential reading.
  • Many fortunes have been made and continue to be made by savvy buyers and sellers on eBay (check out the Red Paperclip story it’s amazing).
  • To work from home, you will need a workroom of some kind where you can keep your tools and supplies, as well as a cooler if you are using fresh flowers instead of silk artificial ones.
  • In fact, force yourself to write down a handful of ideas every single day.

If you’re not sure which small business idea best suits you then going onto an online course website could be the answer you are looking for. Sites like treehouse.com and lynda.com offer a wide range of courses that could very well give you the skills you are looking for. Keen to set up a business or social enterprise but still looking for your business idea? In addition to our face-to-face services, try these resources for inspiration and guidance. Most products solve a problem or make an existing product better, so get into the habit of seeing opportunities, needs that aren’t being met and things that could be made a lot better.

Good business ideas

If you want to expand and target the larger UK market, you’re going to need a decent eCommerce platform, order management system and payment gateways setup. Getting bookings on short-term rental platforms is all about photos and reviews. So, make sure you have professional photos of your property and set your price at the lower end of average to get bookings/ those all-important positive reviews . To get started, you need to create an account and list your property/room for rental and the periods it’s available. You’ll need to provide a detailed subscription, photos and set pricing . You also need to build an attractive brand, website and marketing materials.

We’ve lent millions of pounds to thousands of startup businesses. If you are interested in getting affordable finance to start your dream business, find out how much you could borrow with our startup loan calculator. If you’ve got a great idea for a business and want to check out your finance options, take a look at ouraffordable Start Up Loan calculatorto see how much you could borrow.

With many print-on-demand services, you’re paying per product, so the base price per unit will be more expensive than if you were to order in bulk. But the advantage is that if a certain t-shirt design doesn’t sell, you haven’t actually paid for the item yet . Another dropshipping model, print on demand puts inventory, shipping, and fulfillment in the hands of a third-party supplier. But unlike the dropshipping business idea above, the focus here is on customizing products with your own designs to create something original.

To start as a makeup artist, you need to have a good understanding of cosmetics, skin tone and the application of said cosmetics . You’ll also need to select a hair product supplier and stock a product range of cosmetics you want to use. You can initially work from home and visit your clients at their location or at events (there’s a big demand for onsite makeup artists for weddings in particular). From there you can scale up to a makeup studio when you have the capital in place and want to access foot traffic for the business. Believe it or not, people run businesses based around picking up dog poop. Most owners just let their pets do their business in the back yard and somebody must clean it up with many choosing not to.

Sell on creative marketplaces

The beauty of consultancy is that it can be in any industry as there are always people and companies looking for an outside opinion when needed. Use it as a long term revenue model – This is arguably the most difficult of the two options but it can provide the best results. This approach will require you to take and own the brand/website you purchase and make it your own. You will have to be up to date with all of the latest marketing practices and emplore a long term marketing strategy that will stand the test of time. Setting up a profile takes just minutes and you could simply start off by creating one product to test the waters, for the right person it really is a wonderful business opportunity. If tech really isn’t your strong suit or you are just not interested in using it then why not set up your very own ladies club?

Then why not make use of it by renting it out on the popular site Airbnb. It’s great for turning a profit and you will get to meet new people who might turn into great friends. Until we transition to visual content for everything there will always be a need for proof-readers. Helping companies and individuals with proofreading can be very profitable and also can give you something interesting to read about.

What are the most successful small business ideas?

Because consumer app development isn’t the only path for entrepreneurs. New apps for the Shopify App Store crop up daily, with a market of motivated businesses eager to find the tools they need. Affiliate marketing refers to a performance-based marketing tactic where a business pays people, a.k.a. affiliates, to promote and sell products for them.

To start a debt collecting agency, you need some basic understanding of the law and excellent interpersonal/communication skills . Debt collecting businesses are also a popular franchise option (if you’re looking to take an already successful agencies business model, brand and systems). To get going you’ll need a decent phone contract , email account and have a good understanding sales methodology (it’s worth checking out Straight Line Persuasion). You’ll also need to be comfortable using a CRM and marketing automation tools needed. In terms of marketing you can reach customers through the standard digital marketing (social media marketing, email marketing, paid search marketing…). If your using a platform like Ebay, for marketing make sure your listing stands out with professional photos, good descriptions and good reviews.