1. What Is the Cheapest Business to Start?
The cheapest business to start is one that requires low initial investment, minimal inventory, no physical premises, and can often be launched from home using existing skills or tools. These businesses typically have high flexibility, low risk, and can scale with demand.
2. Benefits of Starting a Low-Cost Business
- Lower financial risk
- Faster launch and break-even point
- Ideal for side hustles or testing ideas
- Minimal overheads
- Easier to pivot or adapt
Perfect for new entrepreneurs, students, or career changers.
3. Top 10 Cheapest Businesses to Start in the UK
1. Freelancing
Offer writing, graphic design, marketing, coding, or admin services. All you need is a laptop and internet.
2. Virtual Assistant (VA)
Provide remote admin support to small businesses or solopreneurs—scheduling, email management, data entry.
3. Online Tutoring
Teach subjects like English, maths, or coding via Zoom or platforms like Tutorful. No premises or stock required.
4. Reselling or Flipping Products
Buy items from charity shops or online, then sell at a profit on eBay or Vinted.
5. Dropshipping Store
Sell online without holding stock. Suppliers handle fulfilment, and you handle marketing and customer service.
6. Pet Sitting or Dog Walking
Start locally with minimal tools. Insurance and DBS checks are recommended but low-cost.
7. Blogging or Affiliate Marketing
Start a blog and earn through ads, sponsored content, or affiliate links. Requires time, not cash.
8. Cleaning Services
Domestic or office cleaning needs basic supplies and insurance—easy to scale with client referrals.
9. Digital Products Business
Sell eBooks, planners, courses, or templates online. Create once, sell many times.
10. Social Media Management
Manage social accounts for small businesses. Free tools and self-learning can get you started.
4. Key Considerations Before Starting
- Use existing skills or hobbies to minimise training costs
- Start part-time or on weekends to test viability
- Register as a sole trader with HMRC (free)
- Use free or low-cost platforms (e.g., Canva, Google Workspace, Wix)
- Focus on word-of-mouth and social media for marketing
5. Common Mistakes to Avoid
- Overspending on branding or tech early on
- Undercharging for services
- Neglecting to plan for taxes or insurance
- Starting without researching the target market
A lean mindset and customer feedback are key to early success.
Frequently Asked Questions
Q1: Can I really start a business with no money?
Yes, many service-based or online businesses require £0–£100 to launch if you already have a computer or smartphone.
Q2: Do I need a business bank account?
For sole traders, it’s optional but highly recommended for clarity.
Q3: What legal steps do I need to take?
Register as self-employed with HMRC, get relevant insurance, and check local licensing rules.
Q4: What if I have no experience?
Many successful businesses are started by beginners—use free online resources to learn.
Q5: Are these businesses scalable?
Yes. Many low-cost businesses can grow into agencies, product lines, or franchises.
Q6: What business is best for students or full-time workers?
Flexible options like tutoring, freelancing, or reselling work well around existing schedules.
Conclusion
The cheapest business to start in the UK can be launched with little more than your time, skills, and determination. Whether you’re freelancing, selling online, or providing services, these ventures let you earn money with minimal risk—ideal for 2025’s fast-paced and flexible economy.