New Jersey is one of the smallest states in the US, and yet it’s the most densely populated and home to nearly 9,000 manufacturing companies. Its economic growth is driven by the pharmaceutical and life sciences industries, financial services, and manufacturing sector.
If you’re looking to set up a business in New Jersey, then consider providing services like car wash, window tinting, 3D printing, tax preparation, or catering. We’ve compiled a list of business ideas in New Jersey. See if anything inspires you.
1. Beef Jerky Business
Around 160 million Americans consume meat products and beef jerky regularly. It’s no surprise then that the beef jerky industry is valued at billions of dollars and still growing. If you’re looking for a business venture, why not consider starting a beef jerky business? This is a great idea for anyone with an interest in food production. You can’t go wrong with beef jerky, which contributes more than half of the total revenues from jerky snacks.
Jerky is a highly popular low fat, high protein snack that started as a form of preserving meat many centuries ago. These days, it’s available in assorted flavors such as barbecue, teriyaki, and more. You can choose to make some of the existing flavors, or innovate and develop new flavors to create your own niche market. Before you start preparing your jerky, it’s important to find out your state’s regulations and comply with these. You can choose to set up a shop or start marketing your products online to save on overhead costs. Finding customers is going to be tough, but will take minimal effort once you are able to establish your brand.
2. Pizza Shop
If you’re like most people, pizza is one of your favorite foods. You can either go to the nearest pizza restaurant, or you can just pick up your phone and order. Better yet, you can fix one yourself, get creative with your toppings, and even start a business. In the US, the pizza industry is worth nearly $54 billion and growing, so right now is a good time to take a bite of this mouthwatering pie.
But first you’ll need to learn the basics of starting a pizza business, from licensing and permits to branding and marketing. It’s also important to study the competition — find out how many restaurants are already doing business in the area, what kind of pizza they’re making, and how they’re promoting their brand. Choosing the right location is critical. You have to be where your target market is. Once you hurdle these, you’ll be well on your way to success!
3. Car Wash
Some people REALLY love their cars, and need to keep them looking beautiful in and out. That’s why the US is home to nearly 17,000 car washes and a growing $28 billion industry. With a decent-sized investment, you could start your own car wash business and make countless car owners beam with pride while making a good living.
One crucial element will be location, as few people drive out of their way for a good car wash. So it’s important to find a location with ample space, steady vehicular traffic and easy access. Near malls and shopping centers, or alongside highway rest stops, are among the stronger options. Once you’ve nailed that down, you’ll need to invest in top-of-the-line car washing machines and fine-tune your knowledge of car detailing. Soon enough, you’ll be washing your way straight to the bank!
4. Arcade Business
An arcade business is a great way to have fun and make money. The market is set to bounce back from a pandemic-induced slump as the revenge spending phenomenon takes consumers to the arcades and malls to splurge after months cooped up in quarantine. The broader arcade, food and entertainment industry in the US is seen to earn at least $3 billion in 2022. If you’re thinking about starting an arcade business, now would be a good time to put your plans into action.
You’ll need to invest in the coin-operated machines, so make sure you have the financial resources. Arcade games include video games, pinball machines, and more. You’ll also need to find out the permit and license requirements. The key to success for this business is location, so you’ll need to find an area with high foot traffic. Most arcade games are placed in restaurants, bars and shopping arcades. Make sure you offer the latest and popular games to attract customers.
5. HVAC Business
There’s a very good reason the US heating, ventilation and cooling (HVAC) industry is worth more than $120 billion: because we all need to heat our homes, and many of us rely on air conditioning as well, and these massive, complex appliances often break down. It’s no surprise that heating and cooling businesses rank among the 20 most common small businesses in America.
If you’re handy with tools, you could start your own HVAC business and help people live more relaxing domestic lives while also making a good living. Even if you’re not an HVAC technician, there are countless classes out there and you could get certified in a matter of weeks.
But you should know that the industry is extremely competitive, which means drawing clients and building a reputation will take hard work and dedication. But with the right tools and resources, not to mention the relevant licenses and permits, you can make your dream of running a successful heating and cooling business a reality.
6. Hair Salon
Hair is big business, worth more than $46 billion in the US alone. More importantly, it’s set to grow nearly 40% by 2027, which means there’s no shortage of opportunity for bold and talented entrepreneurs. If you’re good with hair and have a strong sense of style, you could start your own salon and help people look better and feel more confident while making a good living.
It can be a very rewarding experience, but it’s not without its challenges. Assuming you don’t plan to be a mobile salon and make house calls, your first order of business will be to find a great space, preferably in a location with good foot and vehicular traffic. Next, you’ll want to build it out in a way that suits your personal style and provides a comfortable place for your clientele. Finally, you’ll want to decide on your products and services — will you offer only styling, or also shampooing and dying? Maybe you’ll want to offer added services like nails and head massages?
Once you’ve decided all that, and gotten your required licenses and permits, you’ll just need to do some strong marketing across social media and in your area to get those first customers coming through the door.
7. Interior Design
Who doesn’t want their home to be as welcoming and comfortable as possible? Especially in this pandemic era, it’s no surprise that the US $17 billion interior design industry is seeing strong and steady growth. Now is a great time to start your own interior design business and help people feel more at ease in their own home. It doesn’t require much investment and you can run your business from home, when you’re not off visiting clients, that is.
Of course, it won’t be as easy as snapping your fingers. It helps to have a degree if you want to become an interior designer, but it’s not absolutely required. What is needed is a strong sense of style and a feel for feng shui. Beyond that, you’ll need some good design software and a professional-looking website. You’ll also need a savvy marketing campaign — maybe focused on TikTok and Instagram? — to stand out in an increasingly competitive market.
If you’re able to entice just a few clients and do a fantastic job with their spaces, soon enough, everybody will be telling you, “Mi casa es su casa”.
8. Credit Repair
Do you know that more than half of all Americans have less than stellar credit? It’s true, and you could help some of them get back on their financial feet with your own credit repair business. This is a growing, multi-billion-dollar industry with lots of potential for the serious entrepreneur. It will, however, take some work to get started and attract clients.
The first step is becoming an expert on bad credit and how to repair it by boosting people’s credit scores. You’ll need surety bonds, to guarantee your relationships with clients, and you’ll need to get friendly with lenders and creditors, with whom you’ll regularly work. After that, you’ll just have to find some clients in underserved markets, help them improve their credit and watch the money start rolling in.
9. Window Tinting
If you’re thinking about starting a window tinting business, you’re in luck. Window tinting is a lucrative and growing industry, and there’s plenty of room for new businesses. Window tinting refers to the process of applying window film in order to darken the window.
The global window film market is projected to reach nearly $3 billion by 2027. Window films are among the top automotive aftermarket products because these diminish the effect of bright sunlight and heat. These are also widely used to make homes and buildings energy efficient.
In order to succeed as a window tinting business, it would help to have a basic understanding of the industry and be familiar with the applicable laws and regulations, which vary from state to state. It can get confusing for clients who have to travel across the country, so it’s important to be prepared to properly advise them. If you have the skills and the passion, your chances of achieving success would be greater.
Do you have great culinary skills? Have you always dreamed of making your delicious dishes for hundreds of people? Now is a great time to start a catering business. The industry is seeing strong growth as the pandemic recedes and more and more people plan major events, like weddings and corporate affairs.
The crucial first step will be nailing down an initial menu. Do you favor traditional American dishes? Are you obsessed with Italian? Or maybe Mexican, Thai or Middle Eastern food is more your thing. Once you decide, fill out the menu with appetizer options, second courses, soups and salads, and a selection of entrees and desserts. And don’t forget Americans’ dietary issues — be sure to include low-fat, gluten-free, vegetarian and vegan options.
Next you’ll want to nail down your product offerings. For example, some caterers today are providing box lunches for in-office events. You should also consider embracing technology, as today’s top event planners often use apps to book the best caterers. Lastly, it’s crucial that you acquire all the necessary licenses and permits, as food businesses are strictly regulated.
Now you’re ready to get in the kitchen and start making a lot of smiling faces, and a lot of money.
11. 3D Printing
So you’ve decided to start a 3D printing business. That’s great! A strong demand for three-dimensional customized products is driving the rapid growth of the global 3D printing market, which was estimated at $16 billion in 2021. The market is expected to grow 24% per year through 2028 due to increased demand for prototypes, models and artistic designs in various industries like aerospace, automotive, health care and more.
You will need to understand first the regulations and legal issues affecting the industry. For example, the use of 3D printers is not regulated but the medical products that are produced through 3D printing are regulated by the FDA. A license is also needed for 3D printers that are used to make weapons. If a design used to create a 3D model is covered by intellectual property rights, printing the model would infringe those rights. You’ll also need to make a hefty investment upfront to get your business up and running, but the benefits could be immense.
12. Tax Preparer
Taxes are inevitable, which is why the tax preparation industry has seen slow but steady growth for years, and is expected to continue to do strong business in the years ahead. If you’re a licensed accountant or enrolled agent, you could easily start your own tax preparer business. But even if you’re not, many US states still do not require licensing for tax preparers. Some states don’t have any requirements, while others require that tax preparers pass a beginner’s course in tax prep. Be sure to check with your state government before you get started.
Beyond that, you will need to get a PTIN, or Preparer Tax Identification Number, which the IRS requires all tax preparers to have. Beyond that, you’ll just need to register your business and start offering your services online. Once you get that first client or two and provide excellent and affordable tax preparation service, you’ll start seeing referrals and you’ll be able to increase your rates and be well on your way to business success.