How Much Does It Cost To Start A Recruiting Business? (In 2023)
Pat Walls
•
Updated:January 18th, 2023
Start A Recruiting Business
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Wondering how much it costs to start a recruiting business?
- The minimum startup costs for a recruiting business: $62
- The maximum startup costs for a recruiting business: $23,259
- The average startup costs for a recruiting business: $12,272
Here's a detailed list of a recruiting business startup costs:
Learn more about starting a recruiting business:
Where to start?
-> Pros and cons of a recruiting business
Need inspiration?
-> Other recruiting business success stories
-> Examples of established recruiting business
Other resources
-> Recruiting business tips
Business Formation Fees
There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
Set up business: LLC & Corporations | Required | $50 | $500 |
Small Business Insurance | Recommended | $500 | $2,000 |
Permit and License Fees | Optional | $50 | $700 |
Lawyer Fees | Optional | $0 | $1,500 |
Software Expenses
Your recruiting business 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 recruiting business grows.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Rent ➜ | Optional | $0 | $5,750 |
| Utility Costs For Office Space ➜ | Optional | $0 | $1,150 |
Optional | $0 | $100 |
Employee & Freelancer Expenses
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
Optional | $150 | $250 |
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 |
| Website Hosting Costs ➜ | Required | $0 | $300 |
| Website Builder ➜ | Recommended | $10 | $500 |
| Business Email Hosting Service ➜ | Recommended | $1 | $15 |
| Web Designer ➜ | Optional | $200 | $6,000 |
Advertising & Marketing Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Business Cards ➜ | Optional | $0 | $50 |
Networking Membership Fees | Optional | $0 | $250 |
Direct Campaigns, Printing and Mailing | Optional | $0 | $300 |
Press | Optional | $0 | $500 |
Google Ads | Optional | $0 | $300 |
Part of
Starting A Recruiting Business: Everything You Need To Know
‹
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- 44 Trending Recruiting Businesses [2023]1 of 4
- 8 Recruiting Business Success Stories [2023]2 of 4
- 2 Tips For Starting A Successful Recruiting Business (2023)4 of 4
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