How Much Does It Cost To Start A Press Release Service Business? (In 2022)

How Much Does It Cost To Start A Press Release Service Business? (In 2022)
Start A Press Release Service Business

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

  • The minimum startup costs for a press release service business: $62
  • The maximum startup costs for a press release service business: $24,612
  • The average startup costs for a press release service business: $12,949

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 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
Lawyer Fees Optional $0 $1,500

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 Required? Min Cost Max Cost
Project Management Software Recommended $0 $25
Internal Communication Tool Recommended $0 $20
Email marketing tool Recommended $0 $100
Accounting & Invoicing Software Recommended $0 $50
CRM Software ➜ Recommended $12 $300
Payroll Software Optional $0 $200
IT Support ➜ Optional $150 $2,000
Social Media Management Tools Optional $0 $50
Design Programs & Software 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 press release service 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

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

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
Local fairs and festivals Optional $0 $500
Direct Campaigns, Printing and Mailing Optional $0 $300
Press Optional $0 $500
Google Ads Optional $0 $300
Facebook & Instagram Ads Optional $0 $350

Pat Walls,  Founder of Starter Story
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