Wise, formerly TransferWise, offers 8 great online business ideas for UK entrepreneurs!
Business has changed more in the last 50 years than it did in the previous 5000. And, if you’re anything like us, you couldn’t be happier about that fact! With the internet and smartphones in their current state, it has never been easier to start and run your own online business ideas UK-wise – which is why we are excited to announce the launch of Wise, formerly TransferWise! Click here to learn more!
1) Develop an app
Developing an app can be a great way to get your business started quickly and efficiently. By creating an app, you can reach a larger audience with your product or service. Plus, developing an app can help you save time and money by automating some of your processes. Apps are typically cheaper than building a website, as they are focused on one task. If you don’t know how to develop an app yourself, there are plenty of tutorials and resources out there that can teach you how to do it!
2) Take on Udemy
If you’re looking to get into the online business world but don’t know where to start, why not take on Udemy? With a wide variety of courses available, you can find one that’s perfect for your skill set and interests. Plus, you can work at your own pace and complete the course at a time that’s convenient for you. Once you’ve finished, all it takes is creating an account with Udemy and posting your course so other students can sign up. And with the increased demand for teachers these days, it won’t be hard to make money by teaching what you already know.
With this in mind, it’s worth noting that if you’re struggling with subjects like maths or science then these may not be the best areas for you – especially as there are plenty of other people who would jump at the chance to teach them!
3) Start a business school
- Do your research. Before you start any business, it’s important to do your homework and make sure you’re well-informed about the industry you’re entering. 2. Create a business plan. Once you’ve done your research, it’s time to sit down and put together a detailed business plan. This will be your roadmap to success and will help keep you on track as you get your business off the ground. 3. Find the right location. If you’re not working from home, think about where you want to set up shop. A storefront might be best if you plan on meeting with clients or potential customers face-to-face; an office space is another good option if you need some room to spread out and work without being disturbed by those pesky visitors. 4.
4) Launch new products
- If you have a great product or service that you’re ready to launch, one of the best ways to get started is by setting up an eCommerce website. This will allow customers to purchase your products or services directly from your site. 2. Another option is to launch a new line of products or services on an existing eCommerce platform such as Amazon or eBay. 3. You can also start a subscription-based service where customers can sign up to receive your products or services on a regular basis. 4. One thing to consider before launching a new product or service is whether there are any marketplaces in your industry that already exist and require merchants to list their products and prices on their sites before they appear anywhere else. For example, there are many marketplaces for handmade goods like Etsy, but it might be difficult for you to break into this market if all of the other vendors in your industry are already selling their items through Etsy and nobody else. 5.
5) Launch an ecommerce store
If you’re looking to start an online business in the UK, one option is to launch an ecommerce store. This can be a great way to reach a larger audience than you would if you were selling through brick-and-mortar stores. Plus, setting up an online store is relatively easy and can be done with little upfront investment. You just need a website or blog and some kind of shopping cart platform such as WooCommerce or Shopify.
If you want your site to look professional without breaking the bank, then consider hiring someone on Upwork or Fiverr to create your site’s design. A good place to start is by searching on these sites for people who specialize in ecommerce websites.
Many people are making extra money by creating websites like Etsy, which sell handmade goods such as jewelry or soaps from their home.
6) Launch an influencer marketing campaign
Any business can benefit from an influencer marketing campaign. By teaming up with social media influencers, you can reach a wider audience and build buzz around your product or service. If you want to use this strategy but don’t have the budget for it, work with a company like Wise that will connect you to influencers who are more affordable. Wise has over 4 million followers across various social media platforms, making them a fantastic partner to promote your product. They offer everything from in-depth blog posts to mentions on their Instagram feed. As a bonus, they also provide detailed analytics on all of their campaigns so you can track the success of your campaign and see what strategies worked best for others!
7) Consult other businesses
If you’re thinking of starting an online business in the UK, it’s wise to consult with other businesses first. This will help you get an idea of what’s already out there and what might be a good fit for you. Plus, you can learn from their mistakes and successes. Here are eight great online business ideas to get you started -Blogging: Do you have a lot to say? Write about your thoughts on a particular topic or just about life in general. You can either blog anonymously or write under your own name – whichever is more comfortable for you.
-Personal shopping assistant: Would you like to earn money while shopping? Become a personal shopper and take orders from people all over the world who need something specific – whether that’s food items or clothes – delivered to them at the best possible price!
8) Offer your services
As a small business owner, you wear many hats. You’re the CEO, CFO, and head of HR all rolled into one. But you can’t do it all alone. You need a team of experts to help you get off the ground. And that’s where Wise comes in. We offer a suite of services designed to help small businesses succeed. From accounting and bookkeeping to marketing and web design, we’ve got you covered. Contact us today to learn more about how we can help your business grow!
Wise – formerly TransferWise – is an international money transfer platform founded by Taavet Hinrikus and Kristo Käärmann. Through our online service, anyone can send money across borders at a fraction of the cost charged by traditional banks. Our clients have saved over $160 million on their international money transfers since 2011. By breaking down barriers, we’re making global finance easier and more affordable than ever before for people sending money abroad.