New York’s diversity, large population and high average revenues make it a great place to start a business in. Nevertheless, it’s really important to study how people in a cosmopolitan place behave, the time they dispose to travel to different places around the city and above all, to come up with innovative ideas to enter a market full of awesome startups and entrepreneurs with a “can do” attitude. Yet, this may take a really long time to analyze. That’s why we gathered some great business ideas you can start in New York.
1. Food Delivery
It’s true you can find countless restaurants in New York City. However, a really small percentage of people want to take more than two hours of traffic just to grab a sandwich from a fast food company. The solution? A box subscription company where people can receive daily menus with customized meals depending on their tastes and preferences. Besides, you can differentiate yourself from the competition by offering cooked homemade meals where once a month you surprise clients with foreign cuisine food.
2. Cleaning Services
If people live in the city that never sleeps, there’s a high chance they are also getting small hours of rest. Therefore looking after their homes can result in a difficult task. In fact, many people find ways to avoid house chores as much as they can. Establishing a company that offers cleaning services, handyman jobs, and laundry can solve the problem, and can actually become successful within a short time frame. A plus factor to have is laundry pickup and delivery services to learn clients’ specific needs.
3. Fitness and wellness
Health and fitness are a major concern nowadays and must be considered by entrepreneurs. There are two business ideas that don’t require a lot of capital but can make high revenues. One of them is to start a home-based gym. For this, you need an empty room, basic machines and of course, training so you give clients a professional service. If you don’t have enough capital to buy expensive machines you can find creative ways to train people. (Make your stairs a great scenario for a cardio workout or use bottles filled with water as weights).
On the other hand, many workers need to eat on-the-go due to their hectic schedules and busy lifestyle. Nonetheless, there are more Americans looking for healthier options rather than a pack of chips and soda. This has made a new industry of wellness-oriented, specialized vending companies to appear. Making it a great opportunity to open a franchise or sell vending-machine friendly products.
4. Rent Your Garage
Renting your garage may sound like a crazy idea. What you haven’t thought of is the number of people that actually need the space whether because theirs is stuffed or because they don’t count with a garage of their own. What are the possible ways they can use your garage?
-Many people want to have a garage sale but they don’t have the place to do it.
-They want to protect their classic car or store their motorcycle.
-Small business owners like plumbers and handymen need to store supplies and tools.
-People with hobbies like mechanics or carpentry need storage and space.
5. Translation Services
New York is a city that welcomes people from all over the globe, so entrepreneurs who know different languages can provide a key service in the marketplace. According to the U.S. Bureau of Labor Statistics’ Occupational Outlook Handbook, the hiring of interpreters and translators is projected to grow by 46 percent by 2022, much faster than the average for all occupations. This means it’s a big opportunity for entrepreneurs who can bring foreign-language speakers together with businesses in need.
Other great business ideas to have in mind are:
-Pick customers cars to get them washed and then drop them back to their homes.
-Showcase your photography talent in a portfolio or do some voluntary photography at some events to get noticed.
-Become a personal shopper and help buy and deliver items.
No matter which business idea most interests you, every entrepreneur must have a place to work at. The good news is, we can help you find office space in New York according to your needs and specific location.