Startup cost: $500 - $2k

Setup costs range from $500 to $2,000 depending on the tools and services you choose to use. At the bare minimum, you would need to invest in AI-powered inventory forecasting software, which typically costs around $500 for basic packages. Additional expenses may include setting up a website or online store, which could range from $0 if using a free platform to $500 for a custom domain and professional design. Optional expenses may include investing in ads to promote your dropshipping business, with costs varying widely depending on the platform and reach desired. Hidden costs may include monthly subscription fees for premium software or services, which can add up over time. However, if you want to do it right and have all the recommended tools and services, you might end up spending closer to $2,000. For a friend looking to take this seriously, I would suggest budgeting around $1,500 to cover essential expenses and have room for growth.