Startup Costs

Start A Press Release Service Business

Startup Costs

Wondering how much it costs to start a press release service business?

  • The minimum startup costs for a press release service business: $2,466
  • The maximum startup costs for a press release service business: $30,412
  • The average startup costs for a press release service business: $16,514

Here's a detailed list of a press release service business 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 Min Startup Costs Max Startup Costs
Small Business Insurance $500 $2,000
Permit and License Fees $50 $700
Lawyer Fees $0 $1,500
Set up business: LLC & Corporations $50 $500

Software Expenses

Your press release service 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 Min Startup Costs Max Startup Costs
Design Programs & Software $0 $50
Email marketing tool $0 $100
IT Support ➜ $150 $2,000
Accounting & Invoicing Software $0 $50
CRM Software ➜ $12 $300
Project Management Software $0 $25
Internal Communication Tool $0 $20
Social Media Management Tools $0 $50
Payroll Software $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 press release service business grows.

Cost Min Startup Costs Max Startup Costs
Rent ➜ $500 $5,750
Utility Costs For Office Space ➜ $200 $1,150
WiFi & Internet ➜ $50 $100

Employee & Freelancer Expenses

Cost Min Startup Costs Max Startup Costs
Payroll Costs & Fees ➜ $150 $250
Employee Hiring Expenses $1 $2
Employee Rewards ➜ $0 $100

Equipment & Supply Expenses

Starting a press release service 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 Min Startup Costs Max Startup Costs
Technology Office Equipment ➜ $500 $5,000

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Cost Min Startup Costs Max Startup Costs
Website Builder ➜ $10 $500
Web Design ➜ $200 $6,000
A Domain Name ➜ $12 $200
Business Email Hosting Service ➜ $1 $15
Website Hosting Costs ➜ $80 $300
Website & Live Chat Tool $0 $200

Advertising & Marketing Costs

Cost Min Startup Costs Max Startup Costs
Business Cards $0 $50
Customer Research & Surveys $0 $300
Networking Membership Fees $0 $250
Local fairs and festivals $0 $500
Direct Campaigns, Printing and Mailing $0 $300
Press $0 $500
Google Ads $0 $300
Facebook & Instagram Ads $0 $350

Other Expenses

Cost Min Startup Costs Max Startup Costs
Credit Card Processing Fees $0 $300
Time! $0 $500