Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$150

$250

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$1,400

Total Startup Costs

$1,135

$23,259

Association for Supply Chain Management

ascm.org

96,228

Association for Information Systems

aisnet.org

108,435

Tendenci - The Open Source AMS (Association Management Software

tendenci.com

132,825

International Franchise Association

franchise.org

146,516

ASAE

asaecenter.org

164,136

Medical Group Management Association

mgma.com

234,211

Institute for Supply Management

ismworld.org

280,526

RealManage

realmanage.com

477,385

Legal Marketing Association

legalmarketing.org

479,220

HOA Management

hoamanagement.com

539,183

RMA

rmahq.org

590,283

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a association management service business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.

Rewarding work

Starting a association management service business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

No overhead costs

To get your association management service business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

Crowded Space

Competition is high when it comes to your association management service business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Longer Sales Process

A association management service business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Work can be inconsistent

As a association management service business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Lack of benefits

With a association management service business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a association management service business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a association management service business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.