Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$150

$250

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Vehicle Expenses

$2

$10,004

Software Expenses

$162

$2,775

Advertising & Marketing Costs

$0

$2,300

Total Startup Costs

$1,137

$34,244

Jon Corres

youtube.com/c/JonCorres/featured

2

Vimeo

vimeo.com

174

Freemake

freemake.com

2,873

Render forest

renderforest.com

3,463

Safe Multimedia Software for Windows

movavi.com

4,202

DVDVideoSoft.com: #1 YouTube Downloader and Converter Apps

dvdvideosoft.com

10,160

Video Marketing Platform

wave.video

10,451

Vidyard

vidyard.com

11,723

blog.youtube

blog.youtube

23,524

Headliner

headliner.app

25,391

thumbnailsave.com

thumbnailsave.com

26,796

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!

Meaningful business connections

You never know who you will meet as a youtube video creation business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Pick & choose the clients you work with

Youtube Video Creation Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

Control of workload

With starting a youtube video creation business, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Low margins

The gross margins for your youtube video creation business are typically around 30%, which can make it more challenging to incur new expenses and maintain profitability.

Stressful work

This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Time commitment

With starting a youtube video creation business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

Difficult to build trust with your customer

With starting a youtube video creation business, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.