How Much Does It Cost To Start A Crm Business? (In 2023)
Wondering how much it costs to start a CRM business?
- The minimum startup costs for a CRM business: $12
- The maximum startup costs for a CRM business: $33,558
- The average startup costs for a CRM business: $17,491
Here's a detailed list of a CRM business startup costs:
Learn more about starting a CRM business:
Where to start?
-> How to start a CRM business?
-> Crm business plan
-> How to finance a CRM business?
-> Pros and cons of a CRM business
-> How to get clients for a CRM business?
Need inspiration?
-> Other CRM business success stories
-> Examples of established CRM business
-> Marketing ideas for a CRM business
-> Crm business slogans
-> Crm business names
Other resources
-> Profitability of a CRM business
-> Crm business tips
-> Crm business hashtags
Software Expenses
Your CRM 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 CRM 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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