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Even if you’re planning to keep things simple to start and work from your house, starting a new business costs money. And if you don’t either have enough in savings or get a loan that covers your needs, your business will fail before you manage to get it off the ground. Estimating your first-year ecommerce expenses isn’t easy, but it helps to have a list of all the different factors to consider when working it out. We’ve put together a list of the main areas you need to remember when creating your first-year budget:
- Website
- Tech and Software
- Inventory Expenses
- People You Hire
- Building Costs
- Permits and Licenses
- Shipping and Returns
- Marketing and Advertising
- Taxes and Fees
This guide will help you do a better job of covering your bases in your estimate, so you’re more likely to set yourself up for success.
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