Grand Total of Start-up Costs: $65,834 with inventory

Now the cost to start an online retail store.

Online Luggage and Women's Handbag Store





Starting an online retail store still takes work, and you still have to treat it as a real business. You can start it as a sole proprietorship to get started, but you'll still need to register for a state tax ID number, Federal EIN (employer identification number) and you'll still have to spend the time researching a good niche product to sell.





But the good news is, you can eliminate 90% of expenses of starting a brick and mortar store. You'll still need a website, email, cool catchy name, and spend the time to market your store, but since it's all online, you can do it from anywhere and you don't need to hire employees or pay rent on an expensive storefront. Remodeling your webpage to look pretty also costs a lot less than remodeling your store.





Total Costs to Start an Online Retail Store:





Domain Name: $10 a year

Website: Using Shopify $29 a month

Logo Design: $5 on Fiverr





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Costs of an online Boutique are a LOT less than Retail







Total Costs to Start an Online Retail Store: $1,844