How Much Does It Cost To Start An Ai Enabled Cost Tracking App Business? (In 2023)
Wondering how much it costs to start an AI-enabled cost tracking app business?
- The minimum startup costs for an AI-enabled cost tracking app business: $12
- The maximum startup costs for an AI-enabled cost tracking app business: $38,708
- The average startup costs for an AI-enabled cost tracking app business: $20,066
Here's a detailed list of an AI-enabled cost tracking app business startup costs:
Learn more about starting an AI-enabled cost tracking app business:
Where to start?
-> Pros and cons of an AI-enabled cost tracking app business
Need inspiration?
-> Other AI-enabled cost tracking app business success stories
-> Examples of established AI-enabled cost tracking app business
-> Marketing ideas for an AI-enabled cost tracking app business
Other resources
Software Expenses
Your AI-enabled cost tracking app business needs software to run efficiently!
Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
|
File Hosting Service |
Recommended |
$0 |
$299 |
|
Email marketing tool |
Recommended |
$0 |
$100 |
| CRM Software ➜ |
Recommended |
$12 |
$300 |
|
Project Management Software |
Recommended |
$0 |
$25 |
|
Internal Communication Tool |
Recommended |
$0 |
$20 |
|
Accounting & Invoicing Software |
Recommended |
$0 |
$50 |
| IT Support ➜ |
Optional |
$150 |
$2,000 |
|
Social Media Management Tools |
Optional |
$0 |
$50 |
|
Design Programs & Software |
Optional |
$0 |
$50 |
Office Space Expenses
It will be your call to determine if you need office space. It is not a requirement but may be necessary as your AI-enabled cost tracking app business grows.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Rent ➜ |
Optional |
$0 |
$5,750 |
| Utility Costs For Office Space ➜ |
Optional |
$0 |
$1,150 |
| WiFi & Internet ➜ |
Optional |
$0 |
$100 |
App Creation Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| App Development ➜ |
Optional |
$1,000 |
$20,000 |
|
Apple Developer Program |
Optional |
$99 |
$99 |
Training & Education Expenses
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
|
Online Learning Sites |
Optional |
$0 |
$1,000 |
Advertising & Marketing Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Business Cards ➜ |
Optional |
$0 |
$50 |
|
Customer Research & Surveys |
Optional |
$0 |
$300 |
|
Tradeshow costs |
Optional |
$0 |
$5,000 |
|
Affiliate Marketing Commission & Fees |
Optional |
$0 |
$250 |
|
Influencer Marketing |
Optional |
$0 |
$750 |
|
Press |
Optional |
$0 |
$500 |
|
Google Ads |
Optional |
$0 |
$300 |
|
Facebook & Instagram Ads |
Optional |
$0 |
$350 |
Website Costs
Every business should have a website, and it's worth spending a bit of money to set it up right.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Domain Name ➜ |
Required |
$12 |
$200 |
| Business Email Hosting Service ➜ |
Recommended |
$1 |
$15 |
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
Get our 5-minute email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Collect and analyze feedback with Delighted, the self-serve experience management platform of choice for thousands of the world’s top brands.
Choose from 8 ready-made survey templates including: Net Promoter Score, Product Market Fit, Smileys, Thumbs Up/Down, 5 Stars, and more.
And 5 survey delivery methods: email, web, link, kiosk, and iOS.
Sign up now and start collecting feedback for free.
"An amazing network of founders that truly want to help each other grow their business."