New Zealand is a best country to start a business.
If you are planning to start a small business in New Zealand and brainstorming about best small business ideas in New Zealand then look no more. We are sharing profitable business opportunities in New Zealand which you can consider in 2021-2022.
Best Small Business Ideas in New Zealand
1# Tourism
The tourism industry is growing rapidly. Hence, it plays an important role in New Zealand. It comprises 7.5% of the workforce in total.
It makes 5.6% of the nation’s GDP. Starting the tourism business is the best option with a wide range of services like adventure club, adventure tourism, community tour guide, etc.
2# Healthcare Equipment
New Zealand healthcare shows a steady rate. 9.5% of healthcare comprises of its GDP. You can start selling healthcare equipment if you have a background in healthcare.
Selling medical equipment, devices for diagnosis, medical software, stethoscopes, and surgical masks, etc.
3# Financial Advisory
Financial advisory services require expertise. Advisors are paid $250-$500 per year. One can set up this business and offers services like business plan preparation, business consulting, financial management, and tax preparation, etc. In financial services, you must get a New Zealand certificate.
4# Technology Devices
There is always a huge demand for technology devices in New Zealand. The tech company’s turnover rate is 15.9%, thus, this sector has immense growth opportunity.
You can enter this business and can start importing smartphones, tablets, and PCs.
5# Waste Recycling Facilities
In New Zealand, waste recycling is one of the best viable business opportunities. By 2025, New Zealand will increase its recycling rate to 60%.
You can start this business and can expect maximum profits. From waste, you can also make biofuel, which is an alternative energy source.
6# Legal Services
Legal services are required once in the life of any person. In New Zealand, the net profit margin of legal services is 14.48%.
One can start this business and provide services of not only lawyers, but notaries, settlement officers, and title search agents, etc.
7# Accounting Industry
Everyone needs the services of accountants. The net profit margin is 18.4% in New Zealand.
One can offer services of payroll, bookkeeping, tax preparation, etc. It has low overhead and repeats clients.
8# Cosmetic Business
The cosmetic business has a high price in New Zealand. The cosmetic category in New Zealand shows a 200% growth rate of people buying online cosmetics.
The demand for cosmetics is very high, so entering the cosmetic business is a smart move.
9# Fragrance Business
Fragrances have a huge market in New Zealand. Sporty and fresh scents are the preference in New Zealand. The global fragrance market will reach USD 20.8 billion by 2024.
You can enter this business and can start fragrance transporting, manufacturing or even marketing the fragrances.
10# Cab Services
Cab service is a booming business in New Zealand. Cab services cost around NZ$33 to NZ$90.One can start a cab service-related business because everyone doesn’t have a personal car. Therefore, they prefer to go to offices, schools and different places through this service.
11# Business Solutions
New Zealand is a great place of attraction for global immigrants for enjoying the fabulous amenities of life which this country offers to its people. It is one of top places for a business activity due to its economic stability and potential for growth.
A large number of Kiwis and foreigners are interested in creating their businesses. Individuals having a business management educational background and some expertise and experience in setting up a new business may provide professional guidance and technical know-how to start up a new business venture to the aspiring people as a business consultant.
12# Agriculture
Giving preference to organic fruits and vegetables is becoming popular in the world community in the last few years which has increased the demand for organic agricultural products. New Zealand has richly fertile land for a large number of crops and plants and it offers a pleasant opportunity for agriculturists.
According to 2015 statistics New Zealand has 13.9 million hectares of farming land. Cultivating crops and nurturing fruit plants and supplying fresh fruits and vegetables to the market is a beautiful business activity with an attractive and happy return on it.
Animal farming which is a great part of agricultural business-venture has similarly a wonderful income generation potential in New Zealand.
13# Recruitment Agency
Landing a large number of afresh immigrants in New Zealand every year has created new self-employment and small business opportunity for the people who aspire to start a recruitment agency. Against a conventional recruitment agency that once demanded several formalities, its start-up point has gone simplified in the new digital world.
It can now be started by simply having a computer/laptop, a valid internet connection, and more interestingly at your home. You would advertise jobs, receive applications, scrutinize them, and conduct an interview of the shortlisted candidates, all online while sitting in your own bedroom. This idea can very shortly turn out to be your handsome income-generating business activity.
On an average, employment rate in New Zealand with effect from 1986 to 2021 is 62.90%.
14# Real Estate Agent
The real estate business is a huge revenue generation venture. If you have not investment money but have interest and aptitude in dealing with the matters of sale and purchase of a property, you can join some real estate establishment as an agent for playing the role of facilitator between buyer and seller and acquire your commission as a real estate agent.
15# Online Marketing
Businesses in New Zealand are extensively hiring the services of online marketing experts for attracting more and more customers through their websites. If you are online marketing experts like SEO expert and web designer etc., you can avail great earning opportunities in New Zealand.
An entry level position of Marketing Manager in New Zealand starts at $45,000 per year.
16# Uniform Designing
Uniform designing and supply of the uniforms to different entities like schools, hospital and factories, etc. is one of reasonable small business ideas in New Zealand. The individuals having some background of sewing know-how may have better chances of success in this business activity.
17# Massage Therapist
Acquiring a diploma or an associate’s degree in massage therapy and then marketing your services as a massage therapist is a profitable business idea in New Zealand. Researchers claim that demand for massage therapists would increase about 29% between 2021-29 which is more than all other professions in New Zealand.
It is also believed that this demand would further increase because health care providers have started realizing the key role which massage therapy play in rehabilitation and restoration of health.
17# Rugging
Rugging would prove a great start-up idea in New Zealand if you could put up some toil and hard work in this business activity.
You would have to learn about and work on different types of carpet fabrics, their colors, their preparation process, their cleaning methods and their marketing strategies. If you succeed to learn all these pros and cons you can develop a vital source of income for your family.
If you have other business opportunities and profitable small business ideas in New Zealand which we missed in this list, feel free to mention in comment box. Keep visiting Startup Ideas.
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