New York City is full of startups and the number is increasing every day; creating new business models, developing new industries and reinvigorating the economy. You’re certainly well aware of some big names like Meetup, Tumblr, Foursquare and Shutterstock. Well, what’s common is that they all are New York based!
With a lot of startups gaining traction and worth in short span of time, you can realize the potential of starting up a business in New York City and growing it big. However, you need to have a great idea!
Any business idea can be great and successful if it’s solving a core problem of specific audience and creating value. Well, there’re hundreds of small business and startup ideas that can be valuable for people in New York City. All you need to do is to pick one that you can deliver at its best.
Since New York City is very advance in terms of business infrastructure, technologies, the financial state of affairs and media viewpoint, people have a fast pace lifestyle. Professionals from all the industries are looking for smart ways to meet their professional demands and increase overall productivity while making their personal lives more comfortable, peaceful and full of entertainment.
This article will discuss some of the best business ideas that can be incorporated in New York City with low investment and higher profitability. You may implement an idea as it is, or alternatively, you can innovate it for better value delivery.
You may also want to know the details about how to set up a business in New York City.
Here goes the list of small business ideas for New York City:
1- Home Cooked Food Delivery
Freshly cooked homemade food during lunchtime is an awesome treat for people at work, but time limitation doesn’t allow them to travel long for it. Offering a service whereby they can subscribe for a weekly or monthly package online and get the lunch delivered every day, right before the lunch break can be a great business in New York City.
2- Luxury Travel Planner & Discount Deals
Even though it’s a developed sector already, topping up your service with unique offers can bring you a huge customer base. Do not just stick to overseas tours, luxury travel and cruise international deals, but also find the exotic places to explore nearby or across the state!
3- Property Management
The rich in New York City have so many things to think about sometimes they don’t provide due attention to their properties and have difficulty in managing them. Find them and offer them your exclusive services!
4- Specialized Recruitment Agency
Though too many recruitment agencies are already there, and the presence of web portals make it quite a saturated market, there’s still a huge gap that needs to be filled. Specialized recruitment companies are very less as they offer their services for a very limited set of industries. Get hold of two or three relevant industries and set up your unique presence with a better value delivery.
5- Day care/Childcare Business
The biggest concerns of working parents are the safety and security of their kids when they are away for work. Thus, day care center provide the best option for them. Not only does it ensures the child is safe but also make them learn good things.
6- Maids/Cleaning/Handyman Services
As people are getting so busy with their professional lives that there is hardly any time to look after the home and thus in such circumstances that option of maids, cleaning service and handyman jobs comes handy and affordable. Establishing such a company is easy and can prove quite successful within a short time frame.
7- Bakery/Custom Cakes/Snacks Shop
There are lots of reasons for celebration in the day to day life, snacks and cakes constitute an important part of all celebrations. Yes, there may be tens of others offering same services, but if you’re master of the skill, you can get a bigger market share with a simple Facebook Ad campaign even.
8- Online Florist/Flowers Delivery Service
As there’re too many reasons to celebrate everyday events, there’re too many ways to do so. A bouquet of flowers is one most powerful way to express your joy on the occasion, but no one can always afford to go to a florist! This is what makes it a hot business opportunity!
9- Online Trading
Selling on Amazon and eBay is a quick and fine way to start your online trading business, but you must have something awesome to sell at an amazing price to succeed in the business.
10- Being Webpreneur
If you’ve expertise in content, marketing, or web development, you can make your own empire in limited time. Let it be a content agency, a business networking portal or a marketing platform. All you need is a product/service that attracts a bigger audience!
11- Business Broker
The trend of entrepreneurship has shot up the demand of buying established business meet business requirement of existing clients and much more. This is aptly suited for business brokerage. Even though this field is slightly tricky and complex and requires some B2B experience, it can prove to be quite profitable for you.
12- Insurance Broker
To meet the ever growing demand of the insurance sector, you can act as an insurance company agent and earn your share of profit.
13- Dry Cleaning Service
Like cooking and cleaning, laundry is yet another tedious and time-consuming task for working class and you will see large population always finding ways to avoid it as much as they can. If you are considering a laundry business plan then do consider that mobile laundry pickup and delivery services as they address the laundry concerns in a better way.
14- Beauty/Hair Salon
Depending upon the locality and target audience, you can start a business that offers multiple services or you may want to stick to a hair salon only!
Related Reading; Hair & beauty Salon business plan
15- Mobile Auto Workshop
Wherever there are cars, workshops are needed, but the workshops located in various areas are never helpful when you need help in the middle of somewhere or your car broke at home. A mobile workshop can provide the ideal help in such cases and brings a lot of customer satisfaction and generates profit for the workshop.
16- Home Based Gym
You can start it small in a spare room at your house with few machines. In this case, you will not require much of an investment; however, your training shall be a class apart.
17- Car Washing Service
Yes, the car wash shops are there and even better than what you can build, but busy people can’t afford the time to go there and wait till the car is being washed. So, pick their car, get it washed and drop it back. If you get into partnership with offices and other big customers, you can make it really good.
Showcase your photography skills with a quick portfolio or do some voluntary photography at the various wedding and corporate events to get noticed. You are all set to start your own photography business .
19- Event Organizing & Management
If you have been part of event organization or managed events earlier then do consider the option of getting full time into it by encasing your skills.
20- Business Setup Advisor
If you have an appetite of business environment then setting up advisory services that can work for both local and foreign investor as well as entrepreneurs is a good idea. Also, this business idea requires almost negligible investment and you can start it off instantly.
21- Financial Adviser
As businesses are growing, there is a need of financial market experts that address various financial concerns of the company. If you have a good knowledge in the field of finance and hands-on experience, considering opening financial advisory services3 for various business houses.
22- Foreign Cuisine Restaurant
People love to have access to readily available food and some of them travel to various parts of the world just to have the special taste of the local food. There is an ever growing demand for foreign cuisine and you can easily target a populated area to start your restaurant or foreign cuisine food delivery services.
23- Bed & Breakfast
If you are an owner of a big property and have many extra rooms in your house then consider letting them out to the tourists.
24- Babysitting/Elder Care
This is an easy option if you are willing to spend certain hours in mornings and evenings babysitting kids or setting up a small scale childcare business or taking care of elders for busy working class. You can always have more people onboard as the demand increases.
25- Personal Shopper
Appoint personal shoppers to the localities and help to procure and deliver items ranging from groceries to clothing to luxury stuff.
26- Become a DJ
It is one of the best and fun ways for music geeks to start their own business.
27- Everything $10 Online Gift Shop
It may require some investment from your end. To play it safely you should buy the products only you get confirmed orders.
28- Rent Your Garage for Monthly/Weekly Sale
Lot of people want to sell their stuff, but they don’t have a garage. Offer your garage to them!
29- Dog Walking
Pets love the natural environment and for them a walk is a must. However, due to time constrains many people face difficulty in taking out their pets and this is where you can come into picture and capitalize on this opportunity.
30- Niche Blogging
Blogging is not just writing a blog now. It’s a very good business model for those who want to be rewarded for their expertise and skills.
31- Rent Your Parking Space
If you have extra parking space at your home then why not rent it out for getting some additional income.
32- Translation Service
New York City hosts businesses and startups that have target audience in various parts of the world and to communicate effectively with them they need to speak their language. If you have an expertise in any foreign language, then you should start a translation service, helping businesses with foreign language website content, marketing materials, videos and other stuff.