Wondering how much it costs to start a niche accessories brand?
Here's a detailed list of a niche accessories brand startup costs:
Your niche accessories brand 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 |
It will be your call to determine if you need office space. It is not a requirement but may be necessary as your niche accessories brand 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 |
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 |
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 |
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 |