Start A Customized Collectibles Business
Startup Costs
Wondering how much it costs to start a customized collectibles business?
- The minimum startup costs for a customized collectibles business: $0
- The maximum startup costs for a customized collectibles business: $21,740
- The average startup costs for a customized collectibles business: $11,015
Here's a detailed list of a customized collectibles business startup costs:
Equipment & Supply Expenses
Starting a customized collectibles 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 | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Cleaning Supplies ➜ | Optional | $63 | $200 |
| First-aid Equipment ➜ | Optional | $3 | $500 |
Software Expenses
Your customized collectibles 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 |
|---|---|---|---|
| Email marketing tool | Recommended | $0 | $100 |
| Accounting & Invoicing Software | Recommended | $0 | $50 |
| CRM Software ➜ | Recommended | $12 | $300 |
| Project Management Software | Recommended | $0 | $25 |
| 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 customized collectibles 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 |
Inventory Expenses
If you sell a physical good, you'll likely have to start with some inventory.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Inventory Storage | Optional | $0 | $5,000 |
| Package Design ➜ | Optional | $50 | $3,000 |
| Shrinkage | Optional | $0 | $1,000 |
| Distribution costs | Optional | $0 | $750 |
Advertising & Marketing Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Business Cards | Optional | $0 | $50 |
| Local fairs and festivals | Optional | $0 | $500 |
| Direct Campaigns, Printing and Mailing | 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 |
Specific Industry Expenses
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Handyman Tools | Optional | $0 | $500 |
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