How Much Does It Cost To Start A Bitcoin Reseller Business? (In 2023)
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Wondering how much it costs to start a bitcoin reseller business?
- The minimum startup costs for a bitcoin reseller business: $12
- The maximum startup costs for a bitcoin reseller business: $11,659
- The average startup costs for a bitcoin reseller business: $5,911
Here's a detailed list of a bitcoin reseller business startup costs:
Learn more about starting a bitcoin reseller business:
Where to start?
-> Pros and cons of a bitcoin reseller business
Need inspiration?
-> Other bitcoin reseller business success stories
-> Examples of established bitcoin reseller business
-> Marketing ideas for a bitcoin reseller business
Other resources
Software Expenses
Your bitcoin reseller 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 |
---|---|---|---|
Project Management Software |
Recommended |
$0 |
$25 |
Email marketing tool |
Recommended |
$0 |
$100 |
Accounting & Invoicing Software |
Recommended |
$0 |
$50 |
Internal Communication Tool |
Recommended |
$0 |
$20 |
File Hosting Service |
Recommended |
$0 |
$299 |
Design Programs & Software |
Optional |
$0 |
$50 |
Social Media Management Tools |
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 bitcoin reseller 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 |
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 |
Networking Membership Fees |
Optional |
$0 |
$250 |
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 |
Specific Industry Expenses
Cost | Required? | Min Cost | Max Cost |
---|---|---|---|
Ticketing Platform Fees |
Optional |
$0 |
$100 |
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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