The Best Small Business Ideas To Start In 2023

New year, new start-up? We’ve got you covered if you’re looking for small business ideas to start in 2023.

The perfect time to think about starting your own business is the new year. And why not? A new year brings a clean slate and new opportunities, even for people whose budget looks a bit stretchy.

If you’re on benefits, there’s no reason why you can’t start your own business. Many people qualify for loans on benefits, and they are available to help you get started. You could be up and running with some creative thinking, background work and determination in no time.

So, if you’re feeling inspired to get busy and start your own money-making small biz, here are some fabulous ideas to get you started in 2023.

Make Money from Your Hobby

Do you have a passion for a specific hobby? If that’s the case, why not make it a business? Several methods can monetise your passion, from launching a blog or YouTube channel to selling handcrafted goods or providing seminars. And if you’re concerned about the price of starting a business, many of these ideas need a small cash injection.

Start small and work up. Why not buy and sell a few items on no-commission or low-commission sites like Vinted or Depop to see if there’s a market for what you’re selling? Once you’ve built up a following, you can start thinking about ways to grow your business.

Open an Online Store

With internet shopping becoming increasingly popular, now is the perfect time to open an online store. Whether you sell products you make yourself or source from other businesses, there’s a huge opportunity to reach new customers online.

Think of a simple product people shop for daily and sell on Amazon. Look on social media for ideas. What’s the next big thing? Find it and spin it.

With plenty of eCommerce platforms, it’s easier to set up an online store. Shopify, WooCommerce and Magento are just some platforms you can use to get started.

Sell Products or Services on Fiverr

Fiverr is a popular website where people offer their services for £5. If you’ve got a skill or talent that you think people would be willing to pay for, Fiverr could be a great way to start your own thing. You can offer thousands of different services on Fiverr, so you’re sure to find something that suits your skill set.

To get started, create a profile and start offering your services. Once you’ve built a good reputation, you can start charging more for your services. And, with Fiverr’s Pro, you can offer premium services for a higher price.

Start a blog or YouTube channel

Why not start a blog or YouTube channel if you’re passionate about a particular topic? From fashion and beauty to gaming and tech, millions of blogs and media channels are out there, so there’s room for one more, especially if you can make your USP (unique selling point) stand out.

Not only is vlogging a fantastic way to make money from your passion, but it’s also a great way to build up an online following. Once you’ve got a good audience, you can start thinking about ways to monetise your blog or channels, such as through advertising or sponsored posts.

Think about pay-per-click advertising, product placement or working with brands as an affiliate. Influence your way into a passive income.

Offer Old School Services

If you think about how we used to shop in the old days compared to how we shop now, it’s easy to see how some businesses have had to adapt to survive.

One way you could start your own business is by offering old-school services that are no longer common. For example, you could create a home-based business offering a laundry, ironing, or dog-walking service.

Many people would love to have someone do these things for them, and you could soon build a loyal customer base. Just think about what services you can offer and what people in your area might be looking for.

Fill in the Skills Shortage

We might be entering a cost-of-living crisis, but people still need things done. The UK has been suffering from its most significant skill shortage in decades. Those who can fill in the skills gaps will always find work.

Look at what businesses are struggling to find staff for and see if you can offer your services. For example, there’s a current shortage of chefs, so why not start a catering business? Think creatively and offer value for money.

Start a DIY or odd job business

If you’re good at DIY or have a knack for odd jobs, then why not start your own business? You could offer your services to friends, family, and neighbours or advertise online.

Just think about what services you can offer and how much people would be willing to pay. For example, you could charge upwards of £50 for a day’s work painting a room or £10 for half an hour of gardening.

Think about the people who can’t put their Ikea furniture together or don’t know how to change their lightbulbs – find your target market and go all out on social media and tell people what you can do.

There’s always a demand for odd jobs, so this could be a great way to make some extra money. Be sure to price your services competitively, get good reviews and in a year or so, you could have a team of talented people all working for you.

These are a few great suggestions to get you going. Many other opportunities are available for those prepared to dig deep if you look hard enough. What’s keeping you? Launch your own money-making gig right now, and thank me later.

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