How Much Does It Cost To Start A Community Business? (In 2022)

How Much Does It Cost To Start A Community Business? (In 2022)
Start A Community Business

Wondering how much it costs to start a community business?

  • The minimum startup costs for a community business: $12
  • The maximum startup costs for a community business: $11,659
  • The average startup costs for a community business: $5,911

Here's a detailed list of a community business startup costs:

Software Expenses

Your community 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 community 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

Pat Walls,  Founder of Starter Story
Want to start your own business?

Hey! 👋I'm Pat Walls, the founder of Starter Story.

We interview successful business owners and share the stories behind their business. By sharing these stories, we want to help you get started.

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