Choosing a winning business idea

With a book of regular customers returning every 6-8 weeks, you can be in charge of your own affairs. Offer your services for special events too, like weddings, or look into mobile hairdressing. Many people, particularly those with young children, might find this a better fit for their lifestyle than taking time out to visit a salon in town.

  • With painting and decorating it’s very simple to reach new clients, by listing yourself on sites like Checkatrade, myBuilder and rated people .
  • You need to understand your market, who they are, where they are, how they buy, what they need and why they need it.
  • Third-party platforms do charge fees for their services in most cases; if you’d prefer not to pay this, you can also rent your room/s via your website .
  • Typically commission rates for introducing an investment that completes tends to be between 3% and 5%, depending on deal size.
  • Particularly with the boom of eCommerce, the number of heavier packages and objects that need individual delivery or courier services has increased sharply.
  • You’ll also need access to packing supplies and at least one other person to help you move large quantities of goods or heavy objects.

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Grow and sell your own fresh fruit and vegetables

They work much like a subscription-based business—customers make recurring payments in exchange for a virtual product or service. Otherwise, market research enables you to gauge response to your business idea. Basically, you have to communicate directly with potential customers to find out what they think about your products/services and prices. The first way to generate business ideas is to look at the market. It is essential that you sell goods or services that people want and that there is demand for throughout the year. Pet grooming is as essential to owners as their own grooming habits.

Customers must feel there is long-term value in your products or will be unlikely to buy from you. Also, this value must be clear – murky benefits will be difficult to sell. Unless you can quickly and clearly prove your products not only solve a problem, but also do so more efficiently than products supplied by your competitors, you’ll have a hard time selling your services.

PR public relations services

Despite the NHS not every hospital service is free and hospitals still need to be paid, usually by health insurance companies. With a qualification you could set up a home based medical billing service, involving management of invoices, collection services and resolving claims on behalf of healthcare facilities or doctor surgeries. Think about products or services that cost the least to offer but make a good profit, like turning potatoes into chips. Consider whether you can charge more by offering a ‘premium’ product or service. There are loads of print-on-demand publishers that will help you do this.

Sell a university essentials welcome package

So if you’re opting to go this route, you may want to take a forward-thinking approach and look for vending machines that offer touchless options. As of April 2022, there are over 4.65 billion active users around the world. Between YouTube, Instagram, Facebook Messenger, TikTok, and all the other social networks available⁠—brands need help managing their accounts. People already want coffee, you just need to make them want your coffee. You could earn as low as 5% for each sale, while some commissions can be as high as 50% if you’re promoting a class or event.