Startup cost: $500 - $5k

Low-end estimate: This budget covers essential items like a small initial inventory of versatile clothing pieces sourced from thrift stores or clearance sales ($300), a basic subscription to a rental platform like Rent the Runway or a peer-to-peer platform ($50), and minimal marketing efforts using free social media channels ($50). It also includes basic packaging and shipping materials ($100). High-end estimate: This budget allows for a more extensive and diverse inventory of high-quality and designer pieces ($3,000), professional photography equipment or services for high-quality listings ($500), a premium subscription to a rental platform with additional features ($200), targeted online advertising campaigns ($500), and professional branding materials like a website and logo design ($500). Hidden costs might include insurance for the inventory and potential dry cleaning fees, which can add up over time.