How Much Does It Cost To Start A Conversation Chatbots Creation Business? (In 2023)
Wondering how much it costs to start a conversation chatbots creation business?
- The minimum startup costs for a conversation chatbots creation business: $2,574
- The maximum startup costs for a conversation chatbots creation business: $33,558
- The average startup costs for a conversation chatbots creation business: $17,491
Here's a detailed list of a conversation chatbots creation business startup costs:
Learn more about starting a conversation chatbots creation business:
Where to start?
-> Pros and cons of a conversation chatbots creation business
Need inspiration?
-> Other conversation chatbots creation business success stories
-> Examples of established conversation chatbots creation business
Other resources
Software Expenses
Your conversation chatbots creation 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 |
|---|---|---|---|
| File Hosting Service | Recommended | $0 | $299 |
| Email marketing tool | Recommended | $0 | $100 |
| CRM Software ➜ | Recommended | $12 | $300 |
| Project Management Software | Recommended | $0 | $25 |
| Internal Communication Tool | Recommended | $0 | $20 |
| Accounting & Invoicing Software | Recommended | $0 | $50 |
| IT Support ➜ | Optional | $150 | $2,000 |
| Social Media Management Tools | Optional | $0 | $50 |
| Design Programs & Software | 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 conversation chatbots creation 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 |
App Creation Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| App Development ➜ | Optional | $1,000 | $20,000 |
| Apple Developer Program | Optional | $99 | $99 |
Advertising & Marketing Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Business Cards ➜ | Optional | $0 | $50 |
| Customer Research & Surveys | Optional | $0 | $300 |
| 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 |
Training & Education Expenses
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Professional Training | Optional | $0 | $850 |
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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