Startup Costs

Start A Travel Consulting Business

Startup Costs

Wondering how much it costs to start a travel consulting business?

  • The minimum startup costs for a travel consulting business: $6,517
  • The maximum startup costs for a travel consulting business: $48,594
  • The average startup costs for a travel consulting business: $27,555

Here's a detailed list of a travel consulting business startup costs:

1

Advertising & Marketing Costs

Around $1,400.

What goes into advertising & marketing costs?

  • Business Cards - $25
  • Customer Research & Surveys - $150
  • Direct Campaigns, Printing and Mailing - $150
  • Affiliate Marketing Commission & Fees - $125
  • Influencer Marketing - $375
  • Press - $250
  • Google Ads - $150
  • Facebook & Instagram Ads - $175

2

Software Expenses

Around $1,596.

Your travel consulting 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.

What goes into software expenses?

  • IT Support - $1,075
  • Email marketing tool - $50
  • Accounting & Invoicing Software - $25
  • CRM Software - $125
  • Project Management Software - $12
  • Internal Communication Tool - $10
  • Social Media Management Tools - $25
  • Payroll Software - $100
  • Design Programs & Software - $25
  • Online data storage - $149

3

Office Space Expenses

Around $1,642.

It will be your call to determine if you need office space. It is not a requirement but may be necessary as your travel consulting business grows.

What goes into office space expenses?

  • Office Supplies - $512
  • WiFi - $55
  • Rent - $1,000
  • Utility Costs (office space) - $75

4

Business Formation Fees

Around $13,000.

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.

What goes into business formation fees?

  • A Patent - $10,000
  • Small Business Insurance - $1,250
  • Permit and License Fees - $375
  • Set up business: LLC & Corporations - $275
  • Trademarking - $350
  • Lawyer Fees - $750

5

Equipment & Supply Expenses

Around $2,750.

Starting a travel consulting business may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

What goes into equipment & supply expenses?

  • Technology Office Equipment - $2,750

6

Training & Education Expenses

Around $500.

What goes into training & education expenses?

  • Consulting fees - $500

7

Other Expenses

Around $400.

What goes into other expenses?

  • Credit Card Processing Fees - $150
  • Time! - $250

8

Website Costs

Around $3,365.

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

What goes into website costs?

  • Web Design - $3,100
  • Website builder - $57
  • A Domain Name - $106
  • Email hosting - $40
  • Server Hosting - $25
  • Website chat function - $37

9

Employee & Freelancer Expenses

Around $2,750.

What goes into employee & freelancer expenses?

  • Payroll - $2,000
  • Other Employee Expenses - $500
  • Employee Reward Ideas - $250

10

Specific Industry Expenses

Around $150.

What goes into specific industry expenses?

  • Travel Agent Commissions - $100
  • Ticketing Platform Fees - $50