Startup cost: $2k - $10k

Setup costs range from $2,000 to $10,000 depending on the scale and complexity of the AI-Powered Supply Chain and Third-Party Security Risk Management side hustle. At the low end of the range, the initial expenses would cover essential tools such as cloud computing services, software development kits, and basic marketing materials. On the higher end, additional expenses may include premium AI algorithms, advanced cybersecurity tools, and professional consultancy services to set up a robust system. It's essential to budget for recurring costs such as data storage fees, software updates, and subscription services for security monitoring. Online communities suggest that while starting costs can be manageable, they tend to increase as you commit to more sophisticated technologies and services. To take this side hustle seriously, a friend should budget around $5,000 to $7,000 to ensure a solid foundation and room for growth.