Episode #9: How Much Does It Cost to Run an Online Business?

finance setup the business Apr 30, 2020

If you’ve been following our podcast, you might be starting to wonder just how much it costs to start and run an online business. Today, we’re going to dive into the various expenses by sharing our current costs with you for our business. 

It’s important to consider your operational expenses from the start so you can assess the feasibility of your business idea. They’re a crucial piece of planning your company and determining how viable it is. 

Right now, our expenses are for a business startup. We’re keeping expenses as low as possible until we generate revenue and make a profit. From there, we’ll be able to add some new expenses that will help our business grow. 

There are three main categories of expenses for us: 

  • Startup costs: One-time, initial expenses to get your business off the ground.
  • Recurring costs: Monthly expenses for software, marketing, professional services, and other necessities. 
  • Training costs: Expenses for online courses, virtual and in-person workshops, and one-on-one coaching in online business, marketing, and sales training. 

Training costs are a big piece of our total expenses, as we’ve worked hard to develop our expertise in starting and running an online business. Listen in to hear how much we’ve spent over the last 4 years learning and building expertise (can you take a guess?). We’ve sifted through all this information to design the 20 hour work week system. We spent the time, money and effort to devise this system for starting and running your business so you don’t have to figure it out yourself. We are so excited to share this with you! 

This summer, we’ll launch our training course on how to set up an online business. If you are interested, please go to Bloomdocking.com/waitlist and we’ll notify you when the course becomes available!

Listen to Episode #9 Now!

Are you ready to learn about the reason behind the original 40 hour work week and why using technology, experts, and the internet to leverage your productivity to work less hours is so important?

Great! Go ahead and listen. Then leave a comment on our private 20 Hour Work Week Movement Facebook Group to help support everyone in this movement.

If you know someone who is interested in starting their own online business, send them this episode! 

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Links mentioned in this episode:


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