Starting a virtual business can vary in cost depending on several factors. Some of the main expenses include the tools of the trade, virtual office services, and any additional fees for services such as a registered agent or live receptionist. According to various sources, the cost of a basic virtual office plan can range from $50 to $100 per month. This price can vary depending on the location and prestige of the area. For example, a virtual office in a major city may cost more than one in a smaller town.
In addition to the monthly fee, there may also be an initial setup fee for a virtual office, which can range from $150 to $200. Other costs to consider include fees for mail receipt and forwarding, as well as any additional fees for services such as a registered agent or live receptionist. These services can add an extra cost to the monthly fee. For example, a live receptionist service can be a bit pricey, but it can also be a valuable asset for a virtual business. It's important to carefully consider which services are necessary for your business and factor these costs into your budget. Overall, starting a virtual business can be a cost-effective alternative to renting physical office space, with savings of up to $2,000 to $10,000. However, it's important to carefully consider all of the costs involved and create a budget that accounts for these expenses.