Start An Artificial Plants Business

Advertising & Marketing Costs

Around $2,680.

What goes into advertising & marketing costs?

• Business Signage - $1,280
• Customer Research & Surveys - $150
• Direct Campaigns, Printing and Mailing - $150
• Affiliate Marketing Commission & Fees - $125
• Influencer Marketing - $375
• Press - $250
• Google Ads - $150
• Business Cards - $25
• Facebook & Instagram Ads - $175

Software Expenses

Around $1,285.

Your artificial plants 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.

What goes into software expenses?

• IT Support - $1,075
• Email marketing tool - $50
• Accounting & Invoicing Software - $25
• Internal Communication Tool - $10
• Social Media Management Tools - $25
• Payroll Software - $100

Business Formation Fees

Around $2,650.

There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.

What goes into business formation fees?

• Small Business Insurance - $1,250
• Permit and License Fees - $375
• Set up business: LLC & Corporations - $275
• Lawyer Fees - $750

Retail Business Expenses

Around $8,075.

What goes into retail business expenses?

• Shop Decor - $2,500
• Utilities (storefront business) - $500
• Building improvements and remodeling - $475
• Storefront Property Rent - $4,000
• POS System - $600

Other Expenses

Around $400.

What goes into other expenses?

• Credit Card Processing Fees - $150
• Time! - $250

Inventory Expenses

Around $7,550.

If you sell a physical good, you'll likely have to start with some inventory.

What goes into inventory expenses?

• Upfront Costs For Inventory - $2,650
• Package Design - $1,525
• Inventory Storage - $2,500
• Shrinkage - $500
• Distribution costs - $375

Website Costs

Around $3,365.

Every business should have a website, and it's worth spending a bit of money to set it up right.

What goes into website costs?

• Web Design - $3,100
• Website builder - $57
• A Domain Name - $106
• Email hosting - $40
• Server Hosting - $25
• Website chat function - $37

Employee & Freelancer Expenses

Around $2,750.

What goes into employee & freelancer expenses?

• Payroll - $2,000
• Other Employee Expenses - $500
• Employee Reward Ideas - $250