Business opportunities you can explore right now

Thinking about working for yourself? From selling products online to offering professional services to creating digital content, there’s no shortage of business opportunities to pick from. But with so many viable options, it can be tricky to know where to begin.

The right path should be determined by your passions, skills, and how much time you’ve got. Some people jump straight into larger ventures, while others start with simple ways to make money on the side. There’s no one right way – just what works best for you.

In this guide we’ll explore a variety of business opportunities, from side hustle ideas that fit around your schedule to full-time options. Whether e-commerce, freelancing, or more traditional fields catch your eye, you’ll find practical tips for getting started.

With a bit of planning and preparation, you’ll be ready to take the first steps toward becoming your own boss.

Top business opportunities to consider

Before we discuss the practical points you should tick off when starting your own business, let’s consider some of the best business opportunities for entrepreneurs. We’ve grouped these into three categories:

• Online ventures

• Local hustles

• Flexible business models

Online ventures

With so many free or low-cost software tools and platforms available, online business opportunities are a great fit if you’re looking for a budget-friendly way to work for yourself. Let’s run through some of the best online business ideas to consider.

1. E-commerce

Setting up an online store to sell physical products is one of the most popular business opportunities for entrepreneurs, and it’s easy to see why. With online retail sales in the UK set to top £150 billion by 2025, e-commerce offers huge potential for growth.

When it comes to sourcing stock, you’ve got plenty of options, whether you buy from wholesalers, resell second-hand items, or partner with local suppliers. Just keep storage in mind. While smaller items like cosmetics or pet accessories can easily be stored at home, bulkier items may require you to budget for extra space.

You’ll also need to get fulfilment sorted. Customers love fast, reliable delivery, so finding a good courier and offering flexible shipping – like next-day delivery or free shipping on bigger orders – can help you build customer loyalty early.

2. Dropshipping

Prefer the idea of an e-commerce business which doesn’t come with the hassle of managing stock? Dropshipping could be the right option, because with this model there’s no need to hold any inventory. 

Instead, when someone places an order, your supplier ships the product directly to your customer, meaning you won’t ever need to worry about storage space or upfront costs for stock.

You can easily run a dropshipping business with an online store but selling through platforms like eBay and Etsy work well too. Whether you’re selling fashion, gifts, or something else, directories like AliExpress and SaleHoo give you access to a huge range of products to choose from.

Since you’re relying on suppliers for fulfilment, picking reliable partners is key. Delays or poor-quality products can reflect badly on your business, so be sure to check reviews and order samples to make sure everything’s up to scratch.

3. Content creation

If you’re looking into how to start an online business, e-commerce isn’t the only option. Content creation is a great way to turn your knowledge, skills, or even your daily life into a source of income – whether that’s through social media, blogging, or a niche website.

The best part is you can dive into almost any topic. Whether you’re into fitness, tech, or lifestyle, there’s an audience out there for what you know. YouTube and TikTok are perfect for video content, while blogging or niche websites let you focus on writing.

You can earn through ads, affiliate marketing, and sponsorships, and while quality equipment can help when it comes to making videos, consistent posting and good SEO are what matters most early on. As your audience grows, you can always invest in a high-end microphone or camera to level up your content.

4. Online education

In 2023, almost a third of EU internet users aged 16-to-74 took an online course or used learning materials online. Thanks to this robust demand, online education is another great way to turn your expertise – whether you know all about small business cyber security or you’re a dab hand at hobbies that make money – into a business opportunity.

Platforms like Udemy and Teachable simplify things by hosting your course, managing payments, and providing easy-to-use templates. If you prefer a more hands-on approach, live webinars or even one-on-one tutoring via Zoom are brilliant options for connecting directly with students.

To start, all you need is a computer, a decent microphone, and a camera to record your content. The key is delivering value that keeps learners coming back. By focusing on high-quality content and growing your course library, you can attract more students and build a steady income.

5. Freelancing

Freelancing is one of the most accessible small business opportunities UK wide. Whether you’re a writer, designer, or developer, it allows you to sell your skills directly to clients. Platforms like Fiverr and PeoplePerHour are great for getting started, allowing you to build a portfolio and gain experience with a range of clients. 

That said, direct clients often pay more and let you avoid platform fees. Small business networking can be an effective answer to how to get clients, whether through local groups or online communities. Another option is to pitch directly – research businesses that might need your skills and send them a personalised offer.

Freelancers are a huge asset for companies that don’t want to worry about how to hire employees but still need great talent. By delivering quality work and excellent service, there’s a good chance you’ll attract repeat business and referrals.

6. Digital products

Selling digital products is one of the broadest and most scalable business opportunities out there, with endless options to explore. 

Choosing the right product depends on your strengths. If you love writing, an eBook or guide could be the way to go. Photographers can monetise their work by selling stock images on sites like Alamy, while creatives might prefer making printables like planners or art prints for platforms like Etsy.

The beauty of digital products is that they can generate passive income. Once you’ve created something, there’s no need to worry about inventory or shipping – it can keep selling as long as there’s demand. The key is understanding how to identify your target market so you can tailor your products to their needs and stand apart from competitors.

Local hustles

If you prefer something more physically “hands-on”, local small business opportunities could be a great fit. From delivery services to pet care, there are plenty of ways to help out in your community while building a business. 

1. Deliveries

Deliveries offer various business opportunities, whether you’re doing occasional shifts on your bike or planning to grow into a full-time operation. If you’re on a bike, food delivery through Deliveroo or Uber Eats is a simple way to get involved. With no need for a car and fewer insurance requirements, it’s an affordable way to break into the delivery scene.

If you have a car, parcel delivery opens up even more options. Shifts with companies like Amazon Flex let you choose your hours, while Hermes (Evri) offers both ad hoc jobs and regular routes. There’s even potential to expand by hiring a small team and managing the logistics.

Whether you’re looking for a side hustle or aiming to grow a larger business, the delivery industry has plenty of potential. You can start small (even on just two wheels), gain experience, and expand as you turn a profit.

2. Cleaning services

Starting a cleaning business is a viable way to break into the local market, with potential clients in both residential areas and office spaces. While there’s typically a lot of competition in any given town or city, consistent demand for cleaning services makes this a great option if you’re looking to start making money as soon as possible.

You can offer home cleaning services, helping busy households stay tidy, or focus on commercial spaces like offices that need regular upkeep. To get started, all you need is basic cleaning equipment and reliable transportation to get between jobs. Understanding how to advertise your business, whether on social media or local notice boards, can help you grow.

Cleaning services are highly flexible, allowing you to start part-time and scale up as demand increases. Whether you prefer working alone or plan to expand by bringing in extra pairs of hands, it’s a business opportunity that can adapt to your long-term goals.

3. Pet services

Pet services offer a range of business opportunities for animal lovers, from pet sitting and dog walking to grooming. With people always needing reliable care for their pets, it’s a practical answer to how to start a business.

Dog walking is one of the easiest entry points. Platforms like Rover and Tailster can connect you with local clients and help you establish a regular customer base. If grooming is your focus, getting qualifications through courses like City & Guilds and investing in the right tools is essential for offering professional services.

Pet sitting is also in demand, providing care while owners are away. Whether you’re looking to offer occasional services or build a full-time pet care business, the perpetual need for quality pet care makes this a promising opportunity.

4. Event planning

If you’ve got a flair for organisation and creativity, event planning could be the perfect business opportunity. Whether it’s weddings, parties, or corporate events, people love leaving the details to someone who can bring their vision to life and take the stress out of planning.

You could start by offering your services for smaller gatherings to build your portfolio and get those all-important referrals. Specialising in a niche – anything from kids’ birthday parties to rustic weddings or corporate functions – can also help you carve out your own space in this market.

Event planning is all about juggling details, keeping communication clear, and staying calm when things don’t go to plan. But if you enjoy turning ideas into reality, this could be one of the most rewarding small business ideas you’ll come across.

5. Food and drink

The food and drink industry is packed with opportunities for entrepreneurs, whether you’re thinking of running a home-based bakery, selling sandwiches to local shops, or taking your cooking on the road with a food truck. 

Before getting started, you’ll need to register with the Food Standards Agency (FSA) at least 28 days in advance if you’re handling or preparing food. This makes sure you’re meeting all the food safety regulations, which is key to building trust with customers. It’s also worth obtaining a food hygiene certificate to keep everything professional.

The food business is competitive, but if you love cooking and have a unique style, it can be lucrative. From selling baked goods at farmers’ markets to serving festival-goers from a food truck, there are plenty of ways to profit.

6. Real estate 

Property offers plenty of pathways to making money, with one of the most popular being short-term rentals through platforms like Airbnb. Renting out a room or even a whole property can be an excellent way to bring in additional income.

Airbnb success often depends on location, with properties near tourist attractions, event venues, or city centres performing best. Offering amenities such as WiFi, a comfortable work area, or local recommendations can help your listing stand out and attract repeat bookings.

If you don’t have a spare room or aren’t ready to invest in a flat or house, property spotting could be a good way to get involved. Some companies offer rewards for identifying vacant or derelict properties that meet their criteria, allowing you to earn money on the side without having to manage a property yourself.

Flexible business models

Some business opportunities are equally suited to online and in-person operations, giving you the flexibility to sell locally, online, or a mix of both. 

1. Handmade goods

If you’re looking for creative ways to make money, selling handmade goods could be a worthwhile business opportunity. Whether you’re crafting knitted hats or personalised home décor, platforms like Folksy and Crafter’s Market UK make it easy to reach a big audience, while craft fairs let you connect with customers in person.

To stand out, consider using eco-friendly materials or offering custom designs. Personalising items by adding names or dates can attract more customers and allow you to charge a bit more. It’s also smart to focus on products that are popular but not too time-consuming to make, especially if you plan to run your business part time.

While there’s a limit to how much you can produce by hand, you can still boost your income by creating limited-edition or seasonal items. Offering something unique keeps customers interested, and by promoting your work and focusing on quality, you can encourage repeat buyers who appreciate the personal touch.

2. Subscription services 

From monthly boxes containing beauty kits or gourmet snacks, to digital offerings like podcasts and blogs, there’s plenty of room to get creative when it comes to subscription-based businesses. The crucial step is to identify a niche – something people are passionate about and would love to receive regularly.

For physical subscription boxes, focus on sourcing high-quality items and packaging that makes each delivery feel special. You can work with wholesalers or local businesses to create a unique mix. Platforms like Cratejoy help manage orders and customer subscriptions, making getting started reasonably straightforward.

If you’re offering digital services like podcasts, videos, or newsletters, platforms like Patreon or Substack simplify the process of earning from your content. They handle payments and subscriptions, letting you focus on delivering engaging material and growing your audience.

3. Health and beauty

The health and beauty industry offers a wide range of business opportunities, whether you want to sell skincare products online or offer beauty treatments to clients in person.

For product-based businesses, setting up an online store is a great way to reach your customers. Sites like White Label Botanist allow you to buy a selection of products, from bath bombs to facial masks, which can be emblazoned with your bespoke branding ready to be sold online. 

If you prefer offering services and have the necessary experience and qualifications, treatments like facials, makeup application, or lash extensions can be offered locally on a mobile basis. By providing excellent service and encouraging word-of-mouth referrals, you have a good chance of standing out.

4. Fitness and wellness 

Fitness and wellness are booming industries, presenting plenty of business opportunities for anyone passionate about health. Whether you’re offering fitness training or wellness coaching, you can work with local clients or create online programs to reach a wider audience. 

You’ll need the right qualifications, of course. Personal trainers usually have a Level 3 certificate, while wellness coaches might need specific credentials, depending on what you focus on. These qualifications not only help you stand out and get the right insurance, but also reassure clients they’re in good hands.

In-person work could include personal training sessions and group classes, and if you’re thinking about how to make money online, you could start a niche blog or write an eBook on topics like strength training for beginners or mindfulness techniques. 

Posting videos on exercise routines on platforms like TikTok and Instagram can make a huge difference when it comes to enhancing your profile and boosting both client bookings and product sales. 

5. Consulting 

If you’ve got solid knowledge in areas like customer service, finance, or marketing, consulting could be an ideal way to turn that expertise into a business. You don’t need to know it all – just having a niche skill set can be enough to succeed.

For example, if you’ve got a strong understanding of the best marketing strategies for small business, you could offer one-on-one consultations to teach owners how to do email marketing or create stronger social media campaigns. Getting started could be as simple as reaching out to local businesses or attending local networking events to get the word out about your services.

A good first step is to create a simple website showcasing your skills and offering examples of what you can do. Sharing blog posts or videos about your speciality can also attract potential clients. By building your presence locally or online, you can gradually grow your consulting business into a reliable source of income.

6. Franchises

Franchises offer the opportunity to run your own venture with the backing of an established brand. 

While some franchises, especially in sectors like hospitality, require significant investment – think hotel chains or big restaurant brands like McDonald’s or Costa Coffee – there are also plenty of more budget-friendly options which you can find on a number of franchise websites.

The franchise model comes with real advantages – built-in brand recognition, training, and ongoing support can make getting started much easier. If you’re looking for a more structured way to run your own business without having to build everything from scratch, franchising could be the perfect fit.

Another big benefit is that there’s something for everyone. From theatre classes to cleaning services and pet food, the variety of franchise opportunities means you can find an option that fits your interests and budget.

How to turn a business opportunity into a reality

Starting your own business, even as a side hustle, and seeing it grow can be exciting – but there are a few practical steps to consider. Taking it one step at a time will help turn your idea into something real. Here’s what you’ll need to think about.

Test the waters

Before jumping in, make sure your idea has legs. Do a bit of research into your target market and check out what similar businesses are up to through a competitor analysis. Using tools like Google Trends or simply chatting with potential customers can also help you get a sense of demand.

If you’re unsure, try a soft launch by offering a limited version of your product or service – maybe on a marketplace like Etsy or at a pop-up event. This way, you can gather feedback and fine-tune things before fully committing.

Create your business plan

Once your idea feels solid, you should create a business plan. It doesn’t necessarily need to be complicated, but it’s important to think through the basics.

For example, understanding your expected small business expenses will help you develop realistic pricing strategies, ensuring you cover your costs while staying competitive. At the same time, having a sense of potential sales volumes gives you a clearer picture of how profitable your business could be.

You’ll also want to think about how you’ll reach your audience, whether that’s through networking, paid ads, or learning how to use social media for small business.

And don’t forget to think about your small business payment options. A simple card machine might be perfect for a market stall, while a full point-of-sale system could suit a larger enterprise.You could also explore remote payment options like payment links or taking card payments over the phone.

Register your business

When you’re ready to make things official, it’s time to register your business. For many side hustles and smaller ventures, operating as a sole trader may be sufficient. However, forming a partnership or setting up a limited company may be better choices, depending on your plans.

Each structure has its own tax and legal responsibilities, so it’s worth doing a bit of research or chatting with a small business accountant to figure out what suits you best.

Don’t forget about the necessary licences or permits. For example, as we mentioned earlier, if you’re handling food, you’ll need to register with the FSA. Ensuring you stay on top of the legal requirements for starting a small business will help you avoid surprises down the line.

Set up your finances

Last but not least, make sure to get your small business finances sorted from the start, to save yourself a ton of hassle later. Opening a dedicated business account is an easy way to separate business and personal finances, and it looks more professional too.

You might also want to check out accounting tools for small business, like QuickBooks or Xero. They’re great for tracking income and expenses, helping you stay on top of your cash flow and plan for growth. Plus, when it’s time to file your tax return, you’ll be glad you’ve got everything neatly organised.