Startup cost: $100 - $2k

Setup costs range from $100 to $2,000 depending on the quality and quantity of tools and assets you invest in for your social media template and graphics business. At a minimum, you would need to budget for basic graphic design software subscriptions, which could cost around $100 annually. For a more comprehensive setup with premium design tools, stock photo subscriptions, and advertising budget, you might spend up to $2,000 upfront. Essential expenses include design software, stock images, perhaps a website domain, and social media ad spending. Optional expenses could include hiring a graphic designer or purchasing premium design templates. It's crucial to factor in recurring fees for software subscriptions and stock image licenses. Online discussions indicate that costs can escalate once you commit to higher quality tools and services. To take this side hustle seriously, I would advise a friend to budget between $100 and $2,000 to ensure they have the necessary resources to create professional graphics and templates for social media marketing.