1. Freelance Services
Offer your skills in writing, graphic design, bookkeeping, or translation. All you need is:
- A laptop
- Internet connection
- A portfolio or profile on platforms like Fiverr or Upwork
It’s one of the cheapest start up business options with high profit margins.
2. Dropshipping Store
Sell products online without holding stock. When customers place an order, your supplier ships directly to them.
Startup costs include:
- E-commerce platform (like Shopify)
- Domain and hosting
- Marketing budget
A dropshipping model allows you to test products with little financial risk.
3. Virtual Assistant Business
Help businesses with admin tasks like email management, scheduling, and customer service. To get started, you need:
- Reliable internet and computer
- Communication tools (Zoom, Trello, etc.)
- Basic organization and tech skills
It’s a flexible and fast-growing service-based business.
4. Home Cleaning Service
Cleaning homes or offices requires minimal equipment and supplies. You can launch locally and grow with referrals.
Start-up essentials:
- Basic cleaning tools and products
- Transport (optional)
- Flyers or online ads
No special licenses required in most UK areas.
5. Print-on-Demand Products
Design and sell custom items like t-shirts, mugs, or posters. Products are printed and shipped when ordered.
You’ll need:
- A design tool (e.g., Canva)
- A storefront (e.g., Etsy, Shopify)
- Print-on-demand provider (e.g., Printful)
Low upfront investment and no inventory needed.
6. Social Media Management
Help small businesses grow their presence on Instagram, Facebook, or TikTok. Offer packages including:
- Content planning
- Post creation and scheduling
- Engagement and analytics
Use free tools like Canva and Buffer to streamline your work.
7. Pet Sitting or Dog Walking
If you love animals, offer local pet care services. Startup costs are low—just insurance and advertising.
You can charge by the hour or offer packages. Ideal for flexible schedules and neighbourhood-based growth.
8. eBay/Vinted Reseller
Buy second-hand items locally or online and resell them for profit. Focus on:
- Clothing
- Electronics
- Collectibles
Great for people who enjoy sourcing and selling with minimal capital.
9. Handmade Product Business
Turn a hobby like soap making, knitting, or jewellery design into a business. Sell via:
- Etsy
- Craft fairs
- Local markets
Start small and reinvest profits to grow your brand.
10. Digital Products and Templates
Create and sell e-books, planners, budgeting spreadsheets, or design templates. Sell on platforms like:
- Gumroad
- Etsy
- Your own website
Once created, digital products offer recurring income with no stock or shipping.
Frequently Asked Questions
Q1: What’s the cheapest start up business in the UK?
Freelancing, pet sitting, or reselling are among the lowest-cost options—some under £100 to launch.
Q2: Do I need to register a business for these ideas?
Yes, you should register as a sole trader with HMRC once you start earning income.
Q3: How quickly can I earn from a cheap start up business?
Some services, like freelancing or reselling, can generate income within days or weeks of starting.
Q4: Can I start these businesses part-time?
Absolutely. Many of these are ideal side hustles and can scale into full-time ventures.
Q5: Do I need a business bank account?
While not legally required for sole traders, it’s recommended to keep finances organized.
Q6: What if I don’t have experience?
Choose a business where you can learn quickly online—many skills are teachable with free resources.
Conclusion
A cheap start up business doesn’t mean low quality or low income. With the right idea, a bit of hustle, and smart planning, you can start small and grow into something big. Pick a business that aligns with your interests and strengths, and take action—2024 is the perfect time to start building your future.