Office Space Expenses

$0

$7,000

Training & Education Expenses

$0

$1,000

Software Expenses

$0

$594

Advertising & Marketing Costs

$0

$2,750

Website Costs

$13

$215

Specific Industry Expenses

$0

$100

Total Startup Costs

$13

$11,659

Workplace from Facebook

workplace.com

4,145

Bitrix24

bitrix24.com

4,183

Cision

cision.com

4,992

Leading Global University in Singapore

ntu.edu.sg

5,420

Techmeme

techmeme.com

12,046

Team Messenger & Online Collaboration Platform – Flock

flock.com

15,179

Federation Of American Scientists

fas.org

27,560

Fleep

fleep.io

78,291

Ragan Communications

ragan.com

128,506

City of West Hollywood

weho.org

258,112

Grand Challenges

engineeringchallenges.org

341,261

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a social communication virtual robot business costs significantly less money than most businesses, ranging anywhere from 12 to 11,659.

Rewarding work

Starting a social communication virtual robot business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A social communication virtual robot business gives people a reason to visit your website and to keep coming back to you!

Crowded Space

Competition is high when it comes to your social communication virtual robot business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Constant maintenance of publication

You may find yourself constantly needing to update your social communication virtual robot business in order to stay relevant for your audience and for those searching on google.

Lack of benefits

With a social communication virtual robot business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a social communication virtual robot business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a social communication virtual robot business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

No safety net

Typically, as a social communication virtual robot business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.