According to recent reports, London is the ideal scenario for entrepreneurs to start their own online businesses. Despite the pessimism generated by Brexit, there are a lot of opportunities and financing possibilities in the UK capital.
London has emerged as an innovation center, ideal for start-ups and entrepreneurs. If you want to establish your business in this city and you don’t have a defined niche yet, check out some of the best online businesses for London entrepreneurs in 2019.
1. E-Commerce Businesses
E-commerce has been growing in recent years, and will continue to do so in the future. Global e-commerce sales totaled around $ 2.5 billion in 2017, and that figure is expected to double by 2021.
More and more people will choose to buy online, and that is why entrepreneurs must take advantage of this wave and establish their own businesses online. Besides, it’s now really easy to create an ecommerce website. Creating your own site, carrying out an adequate product development along with a proper market research, the chances of success within this niche are high.
2. Digital Marketing
For any company, whether large or small, a solid digital marketing strategy is the key to success, and that’s why this niche is booming. There are a large number of clients available in this area, either requiring full digital marketing services or a specific service such as branding or SEO positioning.
In London, the thriving community of startups and entrepreneurs represents a large base of potential customers. While it is true that there’s a lot of competition in the sector, managing to position yourself properly in your niche will make you stand out from the rest.
3. Freelance Content Creation
Today, companies understand that having the right content is key to boost their sales, expand their customer base, and mainly, build their brand identity. That is why content creation has a great market nowadays.
In the UK, becoming a freelance content editor is a very lucrative niche, and that will be even more so as more and more companies invest in content marketing.
4. Monetize Your Blog
This is ideal for those who already have a blog, which can be turned into a money-making enterprise. And for those who don’t have one it’s also a good option, even though in those cases it will take time to build their audience.
Once your blog has a steady following, you can monetize it through paid advertising, affiliate marketing, paid content, among other options. In this way, you will get money through your blog, and even potentially turn it into a full-time income.
5. Business Coaching
More and more budding entrepreneurs are looking for guidance, support and mentoring, which has created a great market for business coaches. They can help business leaders by providing objective advice, external perspectives, among other ways.
To become a business coach, you will need solid background, specific training and appropriate personal skills. Besides, in this niche you can work partially or totally online.