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77 Small Business Ideas in 2024 You Can Start Under £200

Starting a small business can be an enriching venture, both personally and financially. In 2024, the entrepreneurship landscape continues to evolve, offering numerous opportunities for aspiring business owners, especially those on a modest budget. Thankfully, there are plenty of small business ideas that you can kick off for under £200. This guide presents 77 actionable ideas that are not only viable but also capable of growing into sustainable enterprises.

Why Start a Small Business in 2024?

2024 is a year ripe with potential. With the rise of the gig economy and the shift towards remote work, many individuals are seeking flexible income opportunities. Starting a small business allows you to embrace your passions, utilise your skills, and potentially generate substantial income—all without the burden of massive startup costs. With £200 or less, you can establish a solid foundation for success.

Key Considerations Before Starting

• Market Research: Understand your target audience and competitors.
• Budgeting: Keep track of expenses to ensure you stay within the £200 limit.
• Business Plan: Outline your business goals, strategies, and target market.
• Legal Compliance: Familiarise yourself with local regulations and permits.

77 Small Business Ideas to Start in 2024

1. Handmade Crafts Seller

If you have a knack for crafting, sell your handmade items on platforms like Etsy or at local markets.

2. Freelance Writing or Blogging

Leverage your writing skills to offer content creation services for websites and blogs or start your own niche blog.

3. Social Media Management

Help businesses manage their online presence by curating and scheduling content across platforms.

4. Virtual Assistant

Provide administrative support remotely by managing tasks like email correspondence, scheduling, and research.

5. Online Tutoring

Share your expertise in a subject by offering online tutoring sessions through Zoom or other platforms.

6. Pet Sitting or Dog Walking

Combine your love for animals with a service that provides care for pets while their owners are away.

7. House Cleaning Services

Offer affordable cleaning solutions for busy households, using minimal cleaning supplies to stay under budget.

8. Gardening Services

Start a small gardening business offering yard maintenance, landscaping, or plant care consultations.

9. Fitness Coaching

Leverage your fitness knowledge to offer personal training sessions or online fitness coaching.

10. Graphic Design

Use online tools like Canva to create logos and marketing materials for small businesses.

11. Dropshipping Business

Set up an online store without holding inventory by connecting with suppliers in a dropshipping model.

12. Content Creation for YouTube or TikTok

Produce engaging video content around topics you’re passionate about and monetise through ads and sponsorships.

13. E-book Author

Write and self-publish e-books in your area of expertise using platforms like Amazon Kindle.

14. Online Course Creation

Utilise platforms like Teachable to create and sell courses in your area of expertise.

15. Photography Services

Offer photography sessions for events, portraits, or product photography.

16. Baking or Cooking Services

Start a small-scale bakery or meal prep service from home, complying with local health regulations.

17. Affiliate Marketing

Promote products online through your blog or social media and earn commissions from sales.

18. Personal Shopping or Styling

Help clients shop for clothes or home goods, curating personalised selections based on their preferences.

19. Translation Services

If you’re multilingual, offer translation services for documents, websites, or conversations.

20. Music Lessons

Teach music lessons for instruments you are proficient in, either online or in person.

21. Event Planning

Organise small events like birthday parties or corporate functions, starting with budget events.

22. Mobile Car Wash

Offer car cleaning services that come to your clients, using eco-friendly products.

23. Collectibles Reselling

Find collectibles or vintage items at thrift stores and resell them online for profit.

24. Subscription Box Service

Curate themed subscription boxes filled with local products or niche items, marketed online.

25. Homemade Soap or Candle Making

Create artisanal soaps or candles to sell online or at local craft fairs.

26. App Development

If you have programming skills, create simple apps to solve everyday problems.

27. Online Reselling

Utilise sites like eBay, Poshmark, or Depop to sell second-hand clothes or vintage finds.

28. Dropshipping Print-on-Demand Merchandise

Design custom apparel and accessories without holding inventory via print-on-demand services.

29. Local Tour Guiding

Offer tours of your local area, focusing on unique attractions and experiences.

30. Voiceover Acting

Record voiceovers for videos, commercials, or audiobooks, using just a microphone and recording software.

31. Interior Decorating Consultation

Provide home organisation or interior design advice via virtual consultations.

32. Tech Support for Seniors

Help elderly individuals navigate technology, providing support for devices and platforms.

33. Niche Blogging

Start a blog focusing on a specific niche, monetising it through ads and sponsorships.

34. SEO Consulting

Use your knowledge of search engine optimisation to help businesses improve their online visibility.

35. Personal Concierge Services

Assist busy individuals with errands, scheduling, and everyday tasks.

36. Subscription Newsletter

Create a subscription-based newsletter focusing on a specific interest or hobby.

37. Language Instruction

Teach a language you are fluent in, either online or in person.

38. Online Market Research

Conduct market research for companies, utilising online tools and surveys.

39. Home Renovation Consultant

Advise homeowners on affordable renovations, guiding them on DIY projects.

40. Digital Marketing Services

Offer digital marketing solutions, including social media and email marketing, to local businesses.

41. Car Detailing

Provide a mobile car detailing service, offering thorough cleaning for local clients.

42. Personal Trainer on Social Media

Share workout tips and routines through social media, monetising through sponsorships.

43. Selling Printables Online

Create and sell downloadable printables, like planners or goal trackers, on Etsy.

44. Podcasting

Start a podcast focusing on a niche topic, monetising through sponsorships or crowd-funding.

45. Airbnb Hosting

If you have extra space in your home, consider hosting guests through Airbnb.

46. Handmade Jewellery

Create and sell unique jewellery pieces at local markets or online.

47. Mobile Notary Services

Offer notary services that can be performed in clients’ homes or businesses.

48. Elderly Care Assistance

Provide companionship and light housekeeping services to seniors.

49. Online Surveys and Market Research

Participate in paid surveys and offer your services to conduct research for companies.

50. Social Media Influencer

Build a following on platforms like Instagram, monetising through brand partnerships.

51. Meal Prep Services

Prepare healthy meals for busy families, adhering to health and safety regulations.

52. Custom T-shirt Business

Use print-on-demand services to create and sell custom-designed t-shirts.

53. Event Photography

Capture special moments at events or gatherings, offering packages for various occasions.

54. House Sitting

Provide house-sitting services for individuals travelling out of town.

55. Digital Products Creation

Create digital products, such as graphics or e-books, and sell them online.

56. Online Coaching

Coach individuals in your area of expertise, offering one-on-one sessions via video calls.

57. Online Fitness Challenges

Create and host fitness challenges online, charging participants a fee.

58. Sustainable Product Seller

Sell eco-friendly products either online or at local markets, promoting sustainability.

59. House Painting

Offer affordable house painting services for indoor and outdoor projects.

60. Home Staging Services

Help homeowners prepare their homes for sale through staging techniques.

61. Kids’ Party Planning

Organise themed parties for children, incorporating games and entertainment.

62. Elder Care Consulting

Consult families looking for elderly care solutions and navigate service options.

63. Airbnb Experiences

Offer unique local experiences for Airbnb guests, such as cooking classes or guided tours.

64. Plant Care Service

Provide plant care services for busy individuals who want to maintain their indoor gardens.

65. SEO Content Writing

Write SEO-focused articles and content for businesses, boosting their online presence.

66. Rent-a-Friend Service

Offer companionship services for social events or outings.

67. Custom Greeting Cards

Design and sell personalised greeting cards for various occasions.

68. Virtual Bookkeeping

Assist small businesses with their accounting and bookkeeping tasks remotely.

69. Pop-Up Flower Shop

Organise a seasonal flower shop in your local area for events and holidays.

70. Bike Repair Service

Offer bicycle repair services or maintenance beginners in your community.

71. Environmental Consultant

Advise businesses on sustainability practices and eco-friendly solutions.

72. Health Coach

Provide guidance on nutrition, fitness, and wellness to clients looking to improve their health.

73. Collecting and Reselling Vintage Clothing

Scout thrift shops for vintage clothing, then sell online or at pop-up shops.

74. Home Office Setup Services

Help individuals arrange and set up their home office efficiently.

75. Online Thrift Store

Sell second-hand clothes online, curating collections based on current fashion trends.

76. Drones for Photography

Utilise drones to offer aerial photography services for real estate or events.

77. Local Artisan Marketplace

Create a local marketplace for artisans to sell their products, charging a small fee for space.

Actionable Steps to Get Started

1. Identify Your Passion: Choose a business idea that aligns with your interests and skills.
2. Conduct Market Research: Evaluate the demand and competition for your chosen niche.
3. Plan Your Budget: Outline your expected expenses and ensure they don’t exceed £200.
4. Establish Your Online Presence: Create a professional website or social media profiles to reach your audience.
5. Network: Connect with others in your industry; attend local meetups or online forums to share insights.
6. Test and Adjust: Launch a small version of your business, gather feedback, and make necessary adjustments.

Conclusion

In 2024, there’s no shortage of small business ideas that can be launched with minimal investment. From creative endeavours to service-based opportunities, the key is to leverage your passions and skills while keeping expenditures low. With dedication and the right approach, you can build a small business that not only thrives but also brings you immense personal satisfaction. Whether you choose to run a home-based business or venture into the online marketplace, the potential for success is within your grasp. Embrace your entrepreneurial spirit today!