This is something no one talks about…
The money you have to spend upfront to run your online business.
I consider myself a pro at keeping costs low.
For my first 6 months of business, I spent $500/mo on all my marketing & operating costs.
These days, I spend a lot more than $500/mo (I’ve been running online startups for 2.5 years now).
Last month, I spent ~$11,000 on my business.
That’s how much it cost:
Don’t compare your beginning to someone else’s middle.
I’m not saying these should be YOUR costs.
But I thought it would be fun to share a breakdown of my costs, in case you’re curious.
This’ll give you an idea of where you’re headed as your startup idea continues to grow!
$11,088: Total expenses in November:
- $8,186: Team costs (employees, contractors, virtual assistants)
- $1,144: Marketing automation software
- $622: Other software
- $1,136: Other operational (travel, taxes, legal, etc)
What do you think about that?
Are these numbers what you would have expected?
I break down all this and more in my workshop, “The Cost of Running a Startup”
Check it out: