How Much Does It Cost To Start A Customer Intelligence Analytics Business? (In 2024)

Updated: January 18th, 2023
Start A Customer Intelligence Analytics Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

The cost of opening a a customer intelligence analytics business can vary based on several factors. However for a a customer intelligence analytics business you can expect to spend $12 to $33,558 with an average cost of $17,491.

  • The minimum startup costs for a customer intelligence analytics business: $12
  • The maximum startup costs for a customer intelligence analytics business: $33,558
  • The average startup costs for a customer intelligence analytics business: $17,491

Here's a detailed list of a customer intelligence analytics business startup costs:

Learn more about starting a customer intelligence analytics business:

Where to start?

-> Pros and cons of a customer intelligence analytics business

Need inspiration?

-> Other customer intelligence analytics business success stories
-> Examples of established customer intelligence analytics business
-> Marketing ideas for a customer intelligence analytics business

Other resources

-> Customer intelligence analytics business tips

Software Expenses

Your customer intelligence analytics 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 customer intelligence analytics 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