How Much Does It Cost To Start A Handmade Paper Goods Business? (In 2023)
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.
Wondering how much it costs to start a handmade paper goods business?
- The minimum startup costs for a handmade paper goods business: $12
- The maximum startup costs for a handmade paper goods business: $27,209
- The average startup costs for a handmade paper goods business: $13,936
Here's a detailed list of a handmade paper goods business startup costs:
Learn more about starting a handmade paper goods business:
Where to start?
-> How to start a handmade paper goods business?
-> Pros and cons of a handmade paper goods business
Need inspiration?
-> Other handmade paper goods business success stories
-> Examples of established handmade paper goods business
-> Marketing ideas for a handmade paper goods business
Other resources
-> Handmade paper goods business tips
Software Expenses
Your handmade paper goods 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 |
Accounting & Invoicing Software |
Recommended |
$0 |
$50 |
Project Management Software |
Recommended |
$0 |
$25 |
Internal Communication Tool |
Recommended |
$0 |
$20 |
Design Programs & Software |
Optional |
$0 |
$50 |
IT Support ➜ |
Optional |
$150 |
$2,000 |
Social Media Management Tools |
Optional |
$0 |
$50 |
Payroll Software |
Optional |
$0 |
$200 |
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 handmade paper goods 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 |
---|---|---|---|
Upfront Costs For Inventory |
Optional |
$300 |
$5,000 |
Inventory Storage |
Optional |
$0 |
$5,000 |
Package Design ➜ |
Optional |
$50 |
$3,000 |
Shrinkage |
Optional |
$0 |
$1,000 |
Distribution costs |
Optional |
$0 |
$750 |
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 |
Advertising & Marketing Costs
Cost | Required? | Min Cost | Max Cost |
---|---|---|---|
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 |
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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