Geocoding Tool

How Much Does It Cost To Build A Geocoding Tool? (In 2024)

Updated: January 18th, 2023

Looking to start a geocoding tool?

But curious about:

  • how much it costs to start a geocoding tool?
  • what are the typical geocoding tool startup costs?
  • or the actual cost of starting geocoding tools?

Well, we have the data to prove it, supported by real geocoding tools and how much they actually cost to start.

Let's go over it.

Learn more about starting a geocoding tool:

Where to start?

-> Pros and cons of a geocoding tool

Need inspiration?

-> Marketing ideas for a geocoding tool

Other resources

Software Expenses

Your geocoding tool 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.

Cost Required? Min Cost Max Cost

File Hosting Service

Recommended

$0

$299

Email marketing tool

Recommended

$0

$100

CRM Software ➜

Recommended

$12

$300

Project Management Software

Recommended

$0

$25

Internal Communication Tool

Recommended

$0

$20

Accounting & Invoicing Software

Recommended

$0

$50

IT Support ➜

Optional

$150

$2,000

Social Media Management Tools

Optional

$0

$50

Design Programs & Software

Optional

$0

$50

Office Space Expenses

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

Cost Required? Min Cost Max Cost
Rent ➜

Optional

$0

$5,750

Utility Costs For Office Space ➜

Optional

$0

$1,150

WiFi & Internet ➜

Optional

$0

$100

App Creation Costs

Cost Required? Min Cost Max Cost
App Development ➜

Optional

$1,000

$20,000

Apple Developer Program

Optional

$99

$99

Advertising & Marketing Costs

Cost Required? Min Cost Max Cost
Business Cards ➜

Optional

$0

$50

Customer Research & Surveys

Optional

$0

$300

Affiliate Marketing Commission & Fees

Optional

$0

$250

Influencer Marketing

Optional

$0

$750

Press

Optional

$0

$500

Google Ads

Optional

$0

$300

Facebook & Instagram Ads

Optional

$0

$350

Website Costs

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

Cost Required? Min Cost Max Cost
Domain Name ➜

Required

$12

$200

Business Email Hosting Service ➜

Recommended

$1

$15

Training & Education Expenses

Cost Required? Min Cost Max Cost

Professional Training

Optional

$0

$850

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