Business Startups Ideas after moving to New York
It’s a great time to live in New York, as the state just legalized online sports betting. The industry grew quickly in other states, taking in millions in revenue every month. Imagine what it can do in a state with one of the biggest cities in the world. BetMGM already announced a special partnership with Madison Square Garden, showing just how much investment is going into NY sports betting. This also shows that it’s time to start a business in New York.
Working from home makes starting a business easier than ever. If you pick the right business, you can run everything from the comfort of your own home. One smart thing to do is get in on the ground floor of a current trend. Sports betting is proving to be such a trend. New York has billboards for sports betting on its highways and commercials all over TV. Sports betting is clearly a phenomenon, which makes it a great business to get into. But how can you turn it to your advantage without rolling the dice yourself? Here are some ways you can start a sports betting business in NY, as well as use the state’s popularity to kickstart other business opportunities.
Be A New York Sports Guru
With recent New York sports betting laws being passed, everyone over 18 can now place bets using sportsbook apps or websites. This opens up sports betting to an entirely new crowd of people. Before this, sports betting was illegal, and only last year was it made available in casinos only. This new availability will open up betting to people who haven’t done it much and might not even be hardcore fans of sports. Sure they root for the Rangers or Yankees, but won’t be able to repeat recent stats or know all the players. This is where you could come in.
Start a platform dedicated to sports betting tips and detailed analysis of the latest games and players. It could be a YouTube channel or Twitch livestream. Combine this with a frequent social media presence, and you could get sponsors. Companies like Caesars New York might partner with you to make content if you get enough followers in the community. Or if writing is more your thing, certain sites pay for freelance articles about sports betting. Be it guides or opinions, your content could make you money as you work comfortably from home.
Guide Tourists to lesser-known sites
Tourism in New York is a humongous industry. There are plenty of companies that offer discount tickets for Broadway shows, run bus tours through the city’s most famous streets, and try to ferry people to iconic monuments. But who is there to point out the true best pizza in the city, or the up-and-coming shows that will be the next Hamilton? If you’re an NYC resident, this could be you. Just like with the sports betting example, you could run a “guide to NYC” type YouTube channel or social page. Build a following with strong content first, then approach local businesses for sponsorships when you have a good platform.
Got A Bike Or Car? Run A Delivery Service
Apps like UberEats or TaskRabbit already have a restaurant delivery and errands covered, but you might be able to carve out a niche with narrowed-down communities. Maybe you can help the elderly pick up medications and food. Or you can prepare meals for people with special dietary restrictions that aren’t well covered by the bigger companies. You could also shop for and deliver rare hobby goods like video game collectibles or sports memorabilia. New York is a great place to get these collectibles. If you can ship quickly, you can also make an eBay business of it.
