Start A Crm Business
Startup Costs
Wondering how much it costs to start a CRM business?
- The minimum startup costs for a CRM business: $1,801
- The maximum startup costs for a CRM business: $35,118
- The average startup costs for a CRM business: $18,459
Here's a detailed list of a CRM business startup costs:
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 | Min Startup Costs | Max Startup Costs |
|---|---|---|
| Design Programs & Software | $0 | $50 |
| Email marketing tool | $0 | $100 |
| IT Support ➜ | $150 | $2,000 |
| Accounting & Invoicing Software | $0 | $50 |
| CRM Software ➜ | $0 | $250 |
| Project Management Software | $0 | $25 |
| Internal Communication Tool | $0 | $20 |
| Social Media Management Tools | $0 | $50 |
| Online data storage | $0 | $299 |
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 | Min Startup Costs | Max Startup Costs |
|---|---|---|
| Rent | $0 | $2,000 |
| Utility Costs (office space) | $0 | $150 |
| Office Supplies | $25 | $1,000 |
| WiFi | $10 | $100 |
Equipment & Supply Expenses
Starting a CRM 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 | Min Startup Costs | Max Startup Costs |
|---|---|---|
| Technology Office Equipment | $500 | $5,000 |
App Creation Costs
| Cost | Min Startup Costs | Max Startup Costs |
|---|---|---|
| App Development ➜ | $1,000 | $20,000 |
| Apple Developer Program | $99 | $99 |
Advertising & Marketing Costs
| Cost | Min Startup Costs | Max Startup Costs |
|---|---|---|
| Business Cards | $0 | $50 |
| Customer Research & Surveys | $0 | $300 |
| Affiliate Marketing Commission & Fees | $0 | $250 |
| Influencer Marketing | $0 | $750 |
| Press | $0 | $500 |
| Google Ads | $0 | $300 |
| Facebook & Instagram Ads | $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 | Min Startup Costs | Max Startup Costs |
|---|---|---|
| A Domain Name ➜ | $12 | $200 |
| Email hosting | $5 | $75 |
Other Expenses
| Cost | Min Startup Costs | Max Startup Costs |
|---|---|---|
| Credit Card Processing Fees | $0 | $300 |
Training & Education Expenses
| Cost | Min Startup Costs | Max Startup Costs |
|---|---|---|
| Professional Training | $0 | $850 |
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