4 New UK Business Ideas with Growth Potential in 2021

There’s never a bad time to become a new entrepreneur – but for some types of businesses, certain times are more opportune than others. If you want to launch a new business, you ideally want to choose a field that doesn’t just present a good opportunity right now but is also likely to remain successful when consumers’ shopping preferences change in the future. You want to choose a field, in other words, that’s evergreen. You don’t want to choose a field in which you’re likely to struggle for years while you wait for consumers to start paying attention to what you’re doing.

If you’re interested in business ownership, here are a few UK business ideas that might be perfect for you in 2021.

Vending Machine Operator

Although the post-COVID economic recovery is well underway in 2021, the reality of the situation is that the virus is far from exterminated, and people everywhere remain justifiably concerned about minimising close contact with those outside their regular family and social groups. Vending machines present a perfect opportunity for doing exactly that. They’re often placed outdoors, so it’s easy for people to use them without coming into close physical contact with strangers. Grabbing a snack or drink from a vending machine, therefore, can present a perfect alternative to entering a potentially crowded convenience store.

There are already plenty of vending machines in the UK, with vending machine operators spending upwards of £70 million yearly on vending machines and the components for those machines. There’s still room for you to enter the vending machine industry, though, if you’re willing to think outside the box a little. There are already many thousands of vending machines dispensing soda, chocolate bars and crisps throughout Britain. Your city most likely doesn’t need more of those types of machines. Today, though, it’s possible to find increasingly elaborate vending machines that can make anything from barista-quality coffee to a freshly baked pizza on demand. While the investment required to buy a more elaborate vending machine is not small, the ability to enjoy high-quality food or a freshly made beverage on demand without waiting in line is likely to appeal to many consumers.

Vape Shop

One of the most rewarding things that you can do as a business owner is sell a product that people absolutely love – and no one loves any product more than a person who has quit smoking and is buying his or her weekly supply of vaping products from a vape shop like V2 Cigs UK. Running a vape shop means that you have an opportunity to promote an alternative to smoking that presents less of a health risk. It also means that you get to play a role in helping to end tobacco use. Public Health England supports vaping as a means of quitting smoking, so the regulatory environment for UK vape shops is very favourable.

One drawback of starting a vape shop is that you’ll have plenty of competition, and that can make it difficult for you to get an initial foothold in the industry. It’s helpful if you can find a neighbourhood that doesn’t have an existing brick-and-mortar vape shop. That way, you can operate a physical store and an online store simultaneously to increase your addressable customer base. While the competition among UK vape shops is fierce, it’s helpful that our nation’s public health authorities promote vaping as an option for smokers who want to quit. That means the total number of British vapers will only continue to grow, so there is still plenty of room for new vape shops.

Local Delivery Business

Have you ever looked at the vast array of local delivery services – Postmates, Grubhub, DoorDash and others – and concluded that there’s no opportunity to start another business of that type? Think again. Restaurants pay exorbitant fees to appear on the major delivery platforms. Customers, meanwhile, are often unhappy because they pay inflated prices for the things they purchase and are still expected to pay additional delivery fees and tips. Although it’s true that local delivery services have played an important role in keeping small businesses afloat during the COVID-19 pandemic, the fact is that consumers and businesses are both often left feeling as though those services are taking advantage of them.

In many medium and large cities throughout the UK, there’s a potential opening for a delivery company that’s locally owned and can offer a pricing model that’s fairer to businesses and buyers. Many businesses would be eager to work with a delivery company that’s locally owned and doesn’t treat them as just another supplier in a worldwide marketplace. Consumers, meanwhile, are tired of being gouged by the delivery companies and paying dramatically more than what they’d pay if they picked the food up themselves. The animosity toward the major delivery companies has created an opportunity for local entrepreneurs who want to do business in a fairer and more transparent way.

Drone Photography Business

If you own a camera drone or have ever thought about buying one, you may have wished that there could be some way of turning your hobby into a viable business or at least a secondary income stream. As it turns out, running a drone photography business – or operating as a freelancer – can be a very lucrative career, with some individuals earning well over £100,000 yearly. Popular photography drones such as the DJI Mavic Pro aren’t even particularly expensive, although the other start-up costs for drone photographers can be a bit high. You’ll want to carry liability insurance, and you’ll also need plenty of spare batteries. You may also need a pilot’s licence to fly a drone commercially.

What are some of the opportunities available for drone photographers? Professional photography can greatly increase the sale price of a home, and nothing is more eye-catching than a great set of aerial photos. Homeowners and insurance companies often hire drone photographers to take pictures relating to roof damage claims. Construction companies often require aerial site photos. People sometimes hire drone pilots to take vacation and wedding photos. If you’re a skilled marketer and are willing to travel on short notice, your potential opportunities are nearly endless.

Author: Editorial Team

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