Startup cost: $500 - $5k

Setup costs for starting a photography studio business range from $500 to $5,000. On the lower end, you would need to invest in essential equipment like a camera, basic lighting gear, and backdrops. Optional expenses could include a website, editing software, and marketing materials. On the higher end, investing in high-quality camera gear, professional lighting setups, studio space rental, and advanced editing software would be recommended. Hidden costs may include insurance, permits, and ongoing software subscriptions. In online communities, people mention that costs can escalate once you commit due to the need for better equipment and marketing efforts. To take this side hustle seriously, I would advise a friend to budget around $2,500 to $3,000 to ensure they have quality equipment and resources to start a photography studio business.