Printing as a form of business has been around for up to a century now, creating employment directly and indirectly for millions of people across the globe. The print industry makes millions of dollars in taxes to the government from the sales, repairs, maintenance and the rendering of printing services.
On the other hand, branding, sales promotion and documentation needs of society are so large that it has become an essential aspect for business survival and expansion. The printing business is a must for community/ organizations whether small, medium or large scale. They all depend entirely on print technology to ensure the smooth and efficient running of their business.
Small businesses are what has made the developed society what they are today, and your interest in 3D home-based printing business is exactly what any develop country needs to remain a strong economy or grow. This article is just about to expose you to the wonderful opportunity inherent in the 3D printing business and how you can from the comfort of your home start experiencing dollar rain literally right from your living room or garage.
I sincerely do not know how you feel right now, but to be candid, I’m already excited about the goldmine seating in your home and that you are about to discover -3D home based printing business.
What is 3D printing about?
3D printing is simply known as Additive Manufacturing (AM). It is a computer-based design process that involves the creation of digital designs with three-dimension art. At the end of the entire process; from the computer work to the 3D printing process you would finally have a physical object put together layer by layer. It involves a complex but easy to learn the technological process for creating a blueprint on your PC before making a physical reality with the printer.
Why 3D home-based printing business?
Ever wondered what home-based business you can start? – One that does not require so much financing and still gets a good return on your money? – Well, you just hit the goldmine! Industry experts agree that 3D Printing is the next big thing to happen after the internet and mobile revolution. And 3D printing came just in time to disrupt the printing industry. That’s what’s trending for the past three years now, and there can be no perfect time to come in than now even on a small-scale, home-based.
What do you need to get started?
The equipment required for a 3D printing business could include:
- A desktop or laptop
- 3D printers
Some of the recommended you can pick from are:
- Fused Deposition Modeling (FDM)
- Stereo Lithography (SL)
- Powder Deposition Printer (PDP)
One thing to consider is that owning a 3D printer would depend on space, maybe garage space for the machinery. You can rely on online 3D printing companies to finish up the process at very affordable rates. This is highly recommended for startups because being a small home based 3D printing startup the financial requirements might be huge.
What can you do?
- Create your own design if you know how, using Computer Aided Design (AutoCAD).
- If you can’t design, you contract someone with the knowledge.
- Use 3D customized templates from online sources. There are so many you can try out and listed later.
- Either you purchase a 3D printer or contract online 3D printers online to get your task completed and delivered. The second option works fine for small startups till you can afford those expensive types of machinery.
Market Survey and Segmentation
The market has become highly competitive over the years; with so many persons offering the same service, even in the same locality and to the same potential client. Therefore, you must note the following:
- Create a niche for your business.
- To create a niche, identify the area of the market with high demand and of interest to you and then develop the needed skills to take on the market headlong.
- You can know the requirements of the market by going online to search what printing needs are higher in the market in your environment. Read online blogs, search engines to find out more about your market.
Do you have a Marketing Strategy?
- How do you intend to be seen, known and accepted by the market? There is no business without patronage or customers.
- You can use direct marketing, make special offers, give a discount for bulk purchases, etc.
- Create an online presence to expose yourself to the world. There is several e-commerce sights and 3D print services site you can take advantage of to boost your clientele base. Sites such as shopify.com, 3Dhubs.com, shapeways.com can help you promote your business before companies that need your products and services.
- Approach other businesses that their services can compliment yours (B2B). While you go real time using family and friends, you can also take advantage of sites like myeasy3D.com to promote your business further.
Keynote as you plan to start
- To succeed in your new 3D home based printing business, you must develop a business plan/ model to guide your entire operations. You can get samples of business plan/ model online.
- Ensure you keep track of your business and marketing activities in order to measure success.
- Note that sales do not mean profit, so ensure your income at all times exceeds your expenditure by a very good margin.
- Always ploy money back into the business and think long-term.
- Grow your business, have a good customer relationship management plan. Always retain old customers while creating new ones.
- Purchase and maintain your machinery regularly to keep them working optimally always.
How to handle supplies
Having regular supplies is critical to your business, and you sure don’t want to be disappointed when you need to make urgent deliveries.
- Always ensure you do not run out of stocks before refilling your stocks. You can decide on the volume of stock by keeping records of your supply needs over time. Just make sure you have enough to work for a day or two before supplies come.
- If you are involved in customizing promotional items you then have to do your market survey to know where to get at a reasonable price good enough to make a decent profit.
- Always have a regular supplier because it gives you good credit ratings. Good credit rating helps you get more supplies than the cash you have at hand and continue doing business hitch free. This allows you space to spread the balance conveniently.