How Much Does It Cost To Develop An Online Survey Tool?
Startup Costs
Wondering how much it costs to start an online survey tool?
- The minimum startup costs for an online survey tool: $62
- The maximum startup costs for an online survey tool: $60,811
- The average startup costs for an online survey tool: $34,048
Here's a detailed list of an online survey tool startup costs:
Business Formation Fees
There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Set up business: LLC & Corporations | Required | $50 | $500 |
| Small Business Insurance | Recommended | $500 | $2,000 |
| Permit and License Fees | Optional | $50 | $700 |
| Trademark | Optional | $0 | $700 |
| Lawyer Fees | Optional | $0 | $1,500 |
| A Patent ➜ | Optional | $5,000 | $15,000 |
Software Expenses
Your online survey tool 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 |
| CRM Software ➜ | Recommended | $12 | $300 |
| Project Management Software | Recommended | $0 | $25 |
| Internal Communication Tool | Recommended | $0 | $20 |
| IT Support ➜ | Optional | $150 | $2,000 |
| Design Programs & Software | Optional | $0 | $50 |
| 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 online survey tool 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 |
Employee & Freelancer Expenses
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Payroll Costs & Fees ➜ | Optional | $150 | $250 |
| Employee Hiring Expenses | Optional | $1 | $2 |
| Employee Rewards ➜ | Optional | $0 | $100 |
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 |
| Website Hosting Costs ➜ | Required | $0 | $300 |
| Website Builder ➜ | Recommended | $10 | $500 |
| Business Email Hosting Service ➜ | Recommended | $1 | $15 |
| Website & Live Chat Tool | Recommended | $0 | $200 |
| Web Designer ➜ | Optional | $200 | $6,000 |
App Creation Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| App Development ➜ | Optional | $1,000 | $20,000 |
Advertising & Marketing Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Customer Research & Surveys | Optional | $0 | $300 |
| 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 |
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