Startup cost: $200 - $5k

The low-end estimate covers basic essentials like a website domain and hosting ($50), a simple website builder or template ($50), basic marketing materials like business cards ($50), and a few online courses or books on financial coaching ($50). The high-end estimate includes a professional website design ($1,000), advanced marketing tools and CRM software ($1,000), professional certifications or courses ($1,500), advertising on platforms like Google or Facebook ($1,000), and networking events or memberships ($500). Hidden costs can include ongoing software subscriptions and unexpected marketing expenses. While some claim it's low-cost, expenses can increase as you scale or seek more professional tools.