How Much Does It Cost To Start A Live Contest Hosting Business? (In 2023)

Pat Walls

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Updated: January 18th, 2023

Start A Live Contest Hosting 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 live contest hosting business can vary based on several factors. However for a a live contest hosting business you can expect to spend $12 to $11,659 with an average cost of $5,911.

The minimum startup costs for a live contest hosting business: $12
The maximum startup costs for a live contest hosting business: $11,659
The average startup costs for a live contest hosting business: $5,911

Here's a detailed list of a live contest hosting business startup costs:

Learn more about starting a live contest hosting business:

Where to start?

-> Pros and cons of a live contest hosting business

Need inspiration?

-> Other live contest hosting business success stories
-> Examples of established live contest hosting business

Other resources

-> Live contest hosting business tips

Software Expenses

Your live contest hosting 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
Project Management Software	Recommended	$0	$25
Email marketing tool	Recommended	$0	$100
Accounting & Invoicing Software	Recommended	$0	$50
Internal Communication Tool	Recommended	$0	$20
File Hosting Service	Recommended	$0	$299
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 live contest hosting 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

Training & Education Expenses

Cost	Required?	Min Cost	Max Cost
Online Learning Sites	Optional	$0	$1,000

Advertising & Marketing Costs

Cost	Required?	Min Cost	Max Cost
Business Cards ➜	Optional	$0	$50
Customer Research & Surveys	Optional	$0	$300
Networking Membership Fees	Optional	$0	$250
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
Ticketing Platform Fees	Optional	$0	$100

Part of

Starting A Live Contest Hosting Business: Everything You Need To Know

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Pat Walls, Founder of Starter Story

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