	Min Startup Costs	Max Startup Costs
Office Space Expenses	$0	$7,000
Equipment & Supply Expenses	$66	$700
Inventory Expenses	$50	$9,750
Software Expenses	$12	$575
Advertising & Marketing Costs	$0	$3,000
Website Costs	$13	$215
Specific Industry Expenses	$0	$500
Total Startup Costs	$141	$21,740

Business	URL	Rank
Budget Tracker & Planner	mint.com	7,762
CinchShare	cinchshare.com	98,471
CINC	cincpro.com	262,904
Cinchbucks	cinchbucks.com	277,257
Ronald McDonald House Charities	rmhc.org	422,460
US-China Business Council	uschina.org	429,485
CINCH Jeans	cinchjeans.com	496,593
Cars Without The Faff	cinch.co.uk	836,317
Cinch Marketing Automation Software	cinch.io	881,671
Cinchy	cinchy.com	905,640
We R Memory Keepers – Helping you make memories	wermemorykeepers.com	1,158,708

Pros	Description
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!
Rewarding work	Starting a cinch making buiness 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.
Meaningful business connections	You never know who you will meet as a cinch making buiness. This could be the start of an incredible business opportunity!
Quick build time	The average time it takes to build your product is quick - typically around 7 months. This will allow you to bring your product to market faster.

Cons	Description
Crowded Space	Competition is high when it comes to your cinch making buiness, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Low margins	The gross margins for your cinch making buiness are typically around 65%, which can make it more challenging to incur new expenses and maintain profitability.
Work can be inconsistent	As a cinch making buiness, 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 cinch making buiness, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Taxes	As a cinch making buiness, 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.
No safety net	Typically, as a cinch making buiness, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.

Pat Walls, Founder of Starter Story

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7,762

98,471