Starting a business is the best thing you can do to be financially independent. Being your boss, sounds pretty cool right? But we all know how difficult and expensive it is to start your own business. But what if we say that to start a business with £1000 uk? Sounds unreal right?
However, the truth is that you don’t need a large amount of investment to start a business, all you need is a skill that pays well and a place to sell that skill.
So, how to start a business with £1000 uK? In this blog, we will give you a list of 6 business ideas that you can start with under £1000 and be your boss.
Is It Possible to Start a Business With £1000 UK?
Gone are the days when you require a huge amount to start an Instagram business if you want to start a business you just need £1000!
Yes, the business will have a limited scale of function but still, it will be a great start for you and will provide you with endless growth and earning opportunities.
If your business grows well then with the further investment you can grow it to a large scale. In essence, £1000 will be enough to start a business and see whether your idea has the potential to grow or not.
Top 6 Businesses to Start With £1000 UK
People often ask how to start a business with £1000 UK. For starting a business £1000 is a very low investment but worry not because some business merely requires £1000 to start and offer endless growth opportunities. Here is the list of the top 6 businesses that you can start right now with £1000.
i) Digital Service
First up, you can provide any kind of digital services. Digital services include copywriting, graphic designing, marketing, etc. basically, you can offer any form of service to your clients, you just have to be good at it.
This business can be started for free or you can set up your website and market it to get clients. Overall, starting a digital service business is a very lucrative idea if you put work into it.
Another lucrative business idea is giving online tuition. This necessarily doesn’t have to be of an academic bent, you can teach anything that you are good at. Be it gardening, cooking, physics, maths, etc. Here opportunities are endless you just have to market yourself and for that, you can use youtube and other social media platforms.
Once you have gained your first batch of people there is no going back, as long as you will provide value through your classes people will come to you. For this, a good recording device would be ideal, plus some good editing and storytelling skills can come in handy.
iii) Home Baker
Not everyone can bake, and if you could then it can be a gold mine for you. Home baking businesses have huge potential, you can take orders from your locals and start your business the next day.
You would require the cooking utensils and a place where you can execute all the orders. You can also upload your baking tutorials on youtube to earn some extra cash and avail free of cost marketing.
iv) Cleaning Business
We all have seen guys on youtube with a pressure washer cleaning dirty driveways. But have you thought about how much they make?
Their cleaning service provides more than 70 to 80% margin! Isn’t it insane? Professional Cleaning is something that not everyone can do, but if you invest in the right equipment then you can start your own cleaning business.
You can start by providing cleaning services in your locality and then gradually extend the area of your business. Here you just need to invest in professional cleaning tools and you are good to go.
v) Clothing brand
If you have a good fashion sense then you can start your clothing brand, you just need to set up a store on Instagram and can accept orders via messages or you can put your website’s link in your bios.
For clothing brands, you don’t necessarily need to make your clothing. You can outsource the manufacturing part and can sell that item on your website. If you give a bulk order to the manufacturer then you can get some good discount.
Is writing your passion?
If yes then you should start your blogging website. For this, you just need to set up your website and start posting articles according to your niche. Learn SEO and find ways to monetize your website and you are good to go.
Tips for Growing Business
There are a few things that you must keep in mind while growing your business. In beginning, these things might look petty but in long run, they help to build trust and connections.
1) Get a Logo
There is a reason why every big business has a super cool logo. If you want to make your business look professional, then you need to have a logo. If your business has a catchy logo then people psychologically trust you more and this benefits your business. Therefore, get your business a logo, you can make it using apps like Cava.
2) Get Yourself a Professional Website
Having a Create professional website is a game changer, not only does it make your business look more professional and legit, but it also makes managing your business a lot easier. You don’t have to be a tech geek to make your website, all you need to buy is a domain and hosting, and you all set.
3) Use Tools
When it comes to online business tools are men’s best friends. Take Grammarly for example, if you are a writer then it aids you a lot. Similarly, you have to find tools that can help your business, then you need to learn how to use those tools. With the right set of tools, your business will grow exponentially.
4) Market Yourself
The best skill that you can learn as a business owner is marketing. How will people know that you provide a service?
Here marketing does its job, and luckily, you don’t have to spend thousands of dollars on marketing, in this era of social media you can market yourself for almost free of cost
5) Keep Learning
A wise man always remains a student. Business is everchanging, what you do today will not work tomorrow. Therefore, if you want to make constant progress then you must learn every day.
Study your competition, analyze what new you can provide, and see the market trend. If you remain updated with the latest tools and knowledge then no one can outmatch you.
6) Gather Experience from Different Sources
There must be people who are more successful than you in your field, find them and learn from their experience. If you will start to gather new experiences every single time then you will be well prepared for situations to come. These are some things you should keep in mind if you want to start your business with £1000.
How to start a business with £1000 UK? This is a widely asked question among young entrepreneurs. But there is an adage that says that “where there is a will, there’s a way” and it can be true enough if you have just £1000 to start your business.
Initially, you will find it hard but gradually results will begin to pour and you will thank yourself that you took the risk and started.