How Much Does It Cost To Start A Cargo Tracking Business? (In 2024)

Updated: January 18th, 2023
Start A Cargo Tracking Business

Looking to start a cargo tracking business?

But curious about:

  • how much it costs to start a cargo tracking business?
  • what are the typical cargo tracking business startup costs?
  • or the actual cost of starting cargo tracking businesses?

Well, we have the data to prove it, supported by real cargo tracking businesses and how much they actually cost to start.

Let's go over it.

Learn more about starting a cargo tracking business:

Where to start?

-> Pros and cons of a cargo tracking business

Need inspiration?

-> Other cargo tracking business success stories
-> Examples of established cargo tracking business

Other resources

Equipment & Supply Expenses

Starting a cargo tracking business may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Cost Required? Min Cost Max Cost
Cleaning Supplies ➜

Optional

$63

$200

Uniforms

Optional

$0

$500

Retail Business Expenses

If you plan to have a brick & mortar location for your cargo tracking business, you must weigh the costs of your rent, as it may be the most expensive part of running your business.

Rent costs for your cargo tracking business very much depends on your location. This cost will vary by both region and specific areas of town: a lease in the heart of Manhattan could cost over $80,000/month in rent. Meanwhile, a storefront lease in Florida or Tennessee could cost less than $1,000/month.

Cost Required? Min Cost Max Cost

Utilities (storefront business)

Optional

$0

$1,000

Building improvements and remodeling

Optional

$0

$950

POS System

Optional

$0

$1,200

Business Formation Fees

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.

Cost Required? Min Cost Max Cost

Set up business: LLC & Corporations

Required

$50

$500

Small Business Insurance

Recommended

$500

$2,000

Permit and License Fees

Optional

$50

$700

Trademark

Optional

$0

$700

Lawyer Fees

Optional

$0

$1,500

Software Expenses

Your cargo tracking 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

Payroll Software

Optional

$0

$200

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 cargo tracking 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

Employee & Freelancer Expenses

Cost Required? Min Cost Max Cost
Payroll Costs & Fees ➜

Optional

$150

$250

Employee Hiring Expenses

Optional

$1

$2

Vehicle Expenses

Cost Required? Min Cost Max Cost

Mode of Transporation

Optional

$0

$10,000

Commute cost

Optional

$2

$4

Inventory Expenses

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

Cost Required? Min Cost Max Cost

Inventory Storage

Optional

$0

$5,000

Training & Education Expenses

Cost Required? Min Cost Max Cost

Online Learning Sites

Optional

$0

$1,000

Consulting fees

Optional

$0

$1,000

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

Advertising & Marketing Costs

Cost Required? Min Cost Max Cost
Business Signage ➜

Optional

$75

$2,486