For ambitious university students in the UK looking to start a business while studying, coming up with an innovative yet feasible idea can be challenging. Past bringing in some additional cash, beginning a business as an understudy is a staggering method for acquiring involved pioneering experience and abilities like business arranging, showcasing, monetary administration, and item improvement.
When choosing a business idea as a student, it’s important to consider your available time, existing skills and interests, startup costs and market demand. The business should ideally align with your academic schedule and not overly distract you from your studies. Here are 10 innovative business ideas to consider for enterprising students in the UK:
1. Online Tutoring and Coaching
Offering online tutoring, academic coaching or test prep services in subjects you excel in is one of the most straightforward businesses to start as a student. With many tutoring platforms like Tutorful, MyTutor and Tutor House, you can easily create a profile and start taking on students. You set your own availability, rates and subjects. It’s an adaptable method for procuring pay and help different understudies scholastically in your spare energy. Consider expanding your services to include essay feedback, personal statement assistance and interview or exam preparation.
2. Resume and LinkedIn Profile Writing
With the competitive job market, writing and optimizing resumes and LinkedIn profiles is a lucrative skillset. As a student actively applying for jobs and internships yourself, you have inside understanding of what makes an effective and compelling resume or profile. Offer resume building and editing services, cover letter assistance, and LinkedIn makeover and optimization packages to other students and graduates. Remain refreshed on the most recent patterns and spotters’ assumptions.
3. Social Media Management
Nearly all brands and businesses today need a strong social media strategy and content creation. With your insight into stages like Instagram, Facebook, Twitter, TikTok and Pinterest, you can assist organizations with dealing with their online entertainment presence. Offer services like analytics and reporting, content creation, advertising, influencer campaigns, and consulting on social media strategy. This is an online-based service business you can run flexibly from your laptop.
4. Selling Handmade Products
Etsy and other handmade marketplaces like Folksy, Not on the High Street and Made It empower creative students to turn their crafts and designs into income. Bestselling product ideas include handmade jewellery, candles, home décor, clothing, paper goods like planners or journals, and more. Beyond selling existing work, research top-performing product niches and target your creations accordingly. Local craft fairs and markets are other potential sales channels.
5. Freelance Writing Services
For students with strong writing skills, offering freelance writing services online can be highly lucrative and flexible. Blogging, web content writing, ghostwriting ebooks, copywriting, proofreading and editing are all in-demand. Sign up for freelance platforms like Upwork and Fiverr to build experience, reviews and income through small writing gigs. As you gain expertise, directly pitch to clients or raise your rates. Writing remotely allows you to work around lectures and assignments.
6. Resale Arbitrage and Flipping
For savvy students interested in ecommerce, buying second-hand or discounted items from op shops, auctions and wholesalers to resell for profit is a proven business model. Learn to spot valuable hidden gems and trending products. Focus your resale arbing on a specialty like vintage clothing, electronics, books, records or furniture to build product knowledge. List items on eBay, Depop, Facebook Marketplace and your own Shopify store.
7. App or Website Development
For tech-minded students, freelance web development or mobile app development leverages valuable skills like coding, UX/UI design and data science. Startups need prototypes and MVPs built, while small businesses need web design services. Offer front-end focused web development or UX/UI design to provide an attainable starting point. Build a portfolio of student projects and pursue freelance contracting projects via platforms like Toptal and Catalant part-time.
8. Digital Marketing Services
Pursuing professional digital marketing certifications like Google AdWords, Google Analytics, Facebook Blueprint and Hootsuite while at university enables students to offer digital marketing services like search engine optimization (SEO), pay-per-click (PPC) advertising, email marketing and more. Start by managing campaigns for student clubs and local small businesses. Provide reporting and analytics to demonstrate your results and expertise. This is an evergreen online service business.
9. Selling Photos Online
For photography enthusiasts, selling prints, digital downloads and stock photos online is a flexible business idea. Established photography websites like SmugMug, 500px and Stocksy allow you to create galleries and list prints. Consider uniting with other student photographers to create a photography co-op gallery for exposure. Additionally, sell stock photos on platforms like Shutterstock and iStock for passive income from downloads.
10. Peer-to-Peer Services Platform
Creating an app or website that connects students looking to hire other students for odd jobs like furniture assembly, moving help, cleaning, deliveries, laundry services and babysitting can be a inventive peer-to-peer business idea. Market it across your university and location. Focus on building critical mass and reviews early on. Charge a small commission on matched jobs. This platform concept can then be expanded to other demographics and verticals.
Choosing a business idea that complements your coursework and leverages your interests and abilities is key for student entrepreneurs. Start small and lean, reinvesting early profits into growth. Check if your university has business plan competitions, incubators or entrepreneurship support programs. Most importantly, focus on maintaining work-study-life balance and not letting your academics suffer. By gaining real business experience early on, you’ll boost your employability and career potential after graduation.