How Much Does It Cost To Start A Social Network? (In 2024)
Looking to start a social network?
But curious about:
- how much it costs to start a social network?
- what are the typical social network startup costs?
- or the actual cost of starting social networks?
Well, we have the data to prove it, supported by real social networks and how much they actually cost to start.
Let's go over it.
Learn more about starting a social network:
Where to start?
-> Pros and cons of a social network
Need inspiration?
-> Other social network success stories
-> Marketing ideas for a social network
Other resources
Software Expenses
Your social network 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 social network 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 |
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
