Manufacturing technology is advancing quickly, and the ability to produce all kinds of interesting products is no longer limited to big corporations and factories.
3D printing makes it possible for just about anyone to start their own manufacturing business in the comfort of their own home.
With this new technology, you can make a variety of different items in a spare room with serious profit potential.
If launching your own small business, you should seriously consider purchasing a 3D printer and exploring this unique option.
While 3D printers were relatively expensive only a few years ago, the technology has become mass-produced, driving prices down.
Conversely, the quality of these 3D printers has actually increased at the same time.
This means that 2019 is a great year to get started with your own 3D printing business plan…
As the technology has reached a point where it’s accessible to the masses.
As with any new technology that suddenly comes out, 3D printing was met with tons of hype when it first went mainstream.
There were people who said this was the way of the future…
And, eventually, everyone would have their own 3D printer in their house.
And just like most new technology, that initial hype was followed by a “cooling period” where the hype slowly disappeared, to be replaced by a more realistic outlook.
Even though some might say that 3D printing hasn’t quite lived up to its potential yet, we need to be patient.
3D printing will eventually start to become more prominent in our day to day lives, and it’s projected to become a multi-billion-dollar industry within a few years.
It’s only a matter of time.
But before this technology goes completely mainstream, smart entrepreneurs are acting quickly to establish a foothold in the 3D printing industry before everyone else jumps on board.
All you really need to do is purchase your 3D printer, and you’ll basically own a miniature factory capable of creating all kinds of different products.
Your imagination is the only limitation.
The same can be said of other business opportunities in the world, but quick action is usually what defines the trajectory of success for an entrepreneur.
For me, the local lead generation business of ranking and owning digital billboards have helped me to walk away from a $35k per year corporate 9 to 5…
With a handsome and comfortable $10,000 per month in reliable, predictable, passive income entirely from a laptop.
Having started this in my spare time, when not working at the full-time gig, I’ve been able to build a successful, multiple six figures duplicating a business model, like:
- Find prospective buyers interested in what is offered for purchase.
- Connect each buyer to a local merchant or service provider.
- After the transaction is complete and services/products are provided, a referral fee is kicked back to the person who passed the paying customer along.
If you haven’t heard of this style of business before, then rest assured that Lyft, Uber, and even Airbnb have not only explored it – they’ve succeeded by it.
So, I’ve basically just scooped up all the free web traffic from search results and leveraged that to build a profitable business that’s entirely online and automated.
However, I can’t take all the credit for such a whimsical idea of business practices.
Our local lead generation coaching program has shown me the ropes and got me started from the very first day…
They’ve walked me through exactly what I still use to this day to operate in a near 100 percent profit margin of a digital business – where all assets are on the internet.
Gain more details by the end of this article or simply reach out to get your questions answered…
For now, let’s discuss a business plan which you can use to create your very own 3D printing business franchise.
This plan might include everything you need to consider as you build this business from the ground up.
How Does 3D Printing Work?
While you might have heard about 3D printing before, you might not be totally aware of how this technology works.
Well, the process is actually quite simple.
Take a Word Document as an example. Your computer reads the file, sends it to your printer, and prints the document in a two-dimensional form onto a piece of paper.
A 3D Printer works with exactly the same principles. The only difference is that another dimension is added to the equation.
In addition, 3D printers typically print on plastic instead of paper (although metal is starting to become more common as well).
Just like a Word Document, your 3D printer still reads a file with data on the object you want to print.
You can download these files on the internet, and your printer will follow these instructions as it builds your items.
And just like writing your own Word Document, you can also create your own files, and customize your own 3D printed products.
As of right now, only you can create certain items.
This isn’t some sort of science fiction device that can magically create anything you can imagine.
Most of the time, you’ll be creating solid objects without complicated moving parts.
Veterans in the 3D-printing industry are experimenting with new ideas every single day.
Soon enough, the scope of products we can create with 3D printers will expand.
But until then, it’s best to focus on somewhat simple products.
How Much Might It Cost to Buy A 3D Printer?
This is the number one question on everyone’s minds when they hear about this business opportunity.
How much does it cost actually to buy one of these contraptions?
Some printers are incredibly cheap these days and are priced around $200 to $300.
But if you’re really serious about starting a manufacturing business based around your 3D printer, you should probably aim for a more advanced model. These printers typically cost between $2,000 and $3,000.
There are even more advanced models for $5,000 and upwards.
3D printers specifically designed to create metal objects are even more expensive, and you’ll pay anywhere from $10,000 to $20,000.
As you can see, there’s quite a wide range of different pricing options available. Depending on your budget constraints and the intended scale of your business, you can choose the 3D printer that best fits your unique needs.
That being said, you’ll probably be fine with a 3D printer in the $2,000 to $3,000 range. This price range provides you with a high-quality 3D printer while still remaining somewhat viable for small business investment.
Additional Setup Options
Once you’ve purchased your machine, there are a few other considerations you’ll need to take into account before you can get this business going.
First of all, you’ll need to gather some raw materials together. 3D printers rely on special plastic filaments to build items. If you purchased a metal 3D printer, your raw materials would be made from metal instead.
Your 3D printer also requires specialized software to run effectively.
Sometimes, the software is bundled with the actual printer. But in most cases, you’ll have to buy the software separately.
It’s definitely worth it to get professional grade 3D printing software.
Although cheaper, unlicensed pieces of software are available, it’s best to go with the “real deal.”
It’s worth pointing out that some software is quite expensive. Some charge monthly subscription fees that seriously add up over time.
Choose the software that is right for you, but doesn’t feel too pressured to buy the best of the best.
So long as your software allows you to create the products you want to print, that should be fine.
You might also need to take an online course to help you understand the overall process of 3D printing. Although you can definitely attempt to teach yourself the ropes, an online course might give all kinds of useful tips and tricks.
If you’re serious about producing 3D printed products on a professional level, invest in some solid education and figure out the best techniques. It’s probably a worthwhile decision.
Look, this business is going to require a few things…
- Upfront investment.
- Space to work within.
- Supplies to Purchase.
- Marketing and advertising for customers.
It’s the basic fundamentals of making things out of scratch materials.
The same thing exists in my business of generating leads for local service companies…
The difference is that I don’t have to be stationary with my workspace.
Unlike the entire set up of a 3D printing rig and workshop, I can simply take my laptop on vacation, to a coffee shop – anywhere really – and enjoy my day working.
The truth is that I only need to invest some work if I want to expand my bottom line.
After all, this is about all I need to do to get some valuable, virtual real estate for profits…
- Conjure up an actual, real digital billboard from nothing (consider it digital manufacturing).
- Duct tape that thing to the very top of search results – where the high-intent buyers are roaming free.
- Get my virtual real estate to work by funneling those prospective buyers over to a service provider in the area.
- Let deals happen, and money comes my way to keep sending more possible customers.
Even if a percentage of the web traffic that takes action from my billboard closes into paying customers for the business…
I get paid because I’ve given them the opportunity to have more customers in the door – than they otherwise might have without my high-income skill working on their behalf.
Of course, our lead gen coaching program guided me accordingly, so I have to give credit where it’s due.
The passive income and lifestyle that comes from this are unlike anything I thought possible for myself…
I still went after it though because the possibility of this working far outweighed what I had a future in at $35k per year from a full-time corporate role.
Other Costs to Consider
If you’re going to build a solid business plan based around 3D printing, you need to take every little detail into account.
This includes all the miscellaneous fees and expenses you might not have considered.
We’re talking about electricity costs, repairs and maintenance, and the cost of plastic filament once you run out.
You might also need to buy a desk to put your 3D printer on.
All of these things need to be factored into your overall business plan, so keep a clear record of everything you purchase.
These additional costs also depend on the scale of your operation.
Larger 3D design business and printing businesses might require multiple machines, employees, and larger business space.
Remember these things as you move forward.
You’ll need these numbers to calculate profit margins later on.
What Kind of Products Should You Print?
There are tons of different objects you can print with a 3D printer.
In many ways, the possibilities are limited only by your imagination. Feel free to think outside the box and create items that no one has ever thought of before.
But if you’re really struggling for inspiration, here are a few ideas:
- Jewelry: You can make all kinds of jewelry with your 3D printer. One great idea is to create beads and geometric shapes for bracelets. Put your shapes and beads on an attractive bracelet string and sell for a healthy profit. You might also consider creating attractive 3D printed rings.
- You can also create certain musical instruments with a 3D printer. Examples would be guitars, flutes, recorders, and many others.
- 3D printed crockery such as plates and glasses are also a great idea.
- You can also create a variety of household items, such as candle holders, vases, and sculptures.
Whatever you make, you’ll most likely charge low prices for your customers. This is because 3D printed items aren’t considered high value. The whole point is that they’re quick and easy to produce, and you shouldn’t aim to create items worth hundreds of dollars.
3D printed items are basically “impulse buys.” Think about various successful “impulse buy” items when considering what items to produce with your 3D printer. That being said, don’t set rock-bottom prices. Have some self-respect and choose the pricing that accurately reflects the quality of your items.
Marketing Your Business
While you can certainly sell these 3D printed items at fairs and festivals, you’ll earn much more in the long run by establishing an online presence.
In 2019, this is extremely easy to accomplish.
Set up a website with eCommerce functionality and start promoting yourself online.
You might also choose to sell on other online platforms, such as eBay, Etsy, Amazon, and many others.
You can market your online business with a variety of different methods.
Consider starting a social media account to promote your 3D products.
You might also want to start a blog or even run paid ads.
You might also want to follow the trends in the industry.
While it’s always great to think outside the box, it’s also a good idea to sell things which are currently popular.
Keep an eye on the 3D printing industry and figure out which items are most popular.
If you do manage to identify a trend, make sure to promote your new items on social media, as this topic might be trending.
Use the appropriate hashtags and keywords, and your business could receive a lot of attention.
With that said, it’s always best to create the trends rather than follow them.
Push the 3D printing industry in new directions, and you’ll enjoy tons of attention from potential customers.
Expanding Your Business
As your business starts to succeed more and more, you’ll need to produce higher numbers of 3D printed items. This increased demand might require you to buy more 3D printers and hire employees.
Knowing when to expand your business in this manner is very important. If you suddenly hire employees and move into a larger business space without enough customers, your business could fail pretty quickly.
Leave your expansion too late, and you could lose valuable customers. It’s a balancing act, and it’s one of the toughest things about running a business. That being said, it should be pretty obvious when it’s necessary to expand. Just make sure that it’s a gradual process.
As you expand, you might also want to buy more advanced equipment and machinery. If you started off with a cheap 3D printer, you might want to upgrade.
You might also want to purchase a 3D printer that can print metal. This will allow you to create a wide range of other products, including ones that might be more durable and functional.
A 3D scanner might also be a good idea for expanding businesses. These machines actually scan regular objects and compile the data into a 3D printing file. With scanners, you can actually replicate any object you scan. This makes it easier to create your own products and get a little more creative, rather than using other people’s 3D printing files.
Although having a 3D printer makes manufacturing a lot easier, it’s still not a completely foolproof process.
There is some skill involved, and it might take a few months before you feel fully confident in your 3D printing capabilities.
For this reason, it might be a good idea to spend two- or three-months practicing making various items before selling them to the general public. Those few months might really make a difference in terms of the overall quality of your finished products.
And make no mistake, quality is definitely very important when it comes to running this business. It’s easy to write plastic products off as cheap and low-quality simply.
Customers are typically very picky when it comes to these plastic products, and it’s important to show that you’re taking your business seriously.
Quality might be low at the beginning of your business, while you’re still learning the ropes. But quality might also drop as you start to become lazy and careless, many years or months into the operation of your business.
This is why it’s always important to keep your standards high and create the best possible products, no matter what stage your business is in.
Overall, 3D printing business ideas in 2019 is a great starting point for anyone who wants to try out the manufacturing world.
A 3D printing for sale makes manufacturing accessible for just about anyone, as long as you can make a small initial investment.
If you’ve intended to make your own products, then this could be a great way to experiment and understand the process behind how things are made.
This business is probably best for highly creative, artistic people who can think of new, innovative products to create with their 3D printer.
You can start this business as a low-scale small business, or a large-scale operation with multiple 3D printers, employees, and dedicated business space.
But whether you’re starting this business as a hobby or as a major hobby, profit margins remain attractive across the board. Raw materials are relatively cheap, and you’ll earn a return on your investment in a relatively short amount of time.
That being said, your success depends heavily on your marketing strategy.
This business is only profitable if there’s a high demand for your products.
This is why it’s so important to choose products which are going to be popular.
Spend as long as you need conducting proper marketing research. Figure out the best products to print before you start pumping out lots of items.
3D printing is a growing technological trend, and it’s only going to get more popular as time goes on. Jump on the trend now, and you could be part of something massive.
Who knows where this technology will be in a few years. Who knows what you’ll be able to print and sell.
Learn the ropes, start small, and you’ll be in a great position to take full advantage of these upcoming developments.
High 6 Figures of Passive Income Available in 2019 for Entrepreneurs in Local Lead Generation
It’s possible to be able to generate profits from any sort of manufacturing business model…
The 3D printing industry is nothing more than an innovative way of taking a large-scaled concept and turning it into a home-based business opportunity.
It’s important to recognize that additional expenses are going to weigh you down…
Ultimately, it’ll cut into your profits on the account that you’ll have to…
- Clean and maintain the equipment and the workspace.
- Eat up utility costs – since you’re working from home.
- Replace equipment and resources as necessary.
The list could go on, but the truth is that there are resources that you’re burning through in this physical business model – even if you aren’t renting a commercial space for it.
The major difference in local lead generation…
Which is what I’ve had massive success in…
Is that all of my resources and assets are digital-based and making me money on the internet 24/7.
Instead of housing everything in one location, I can get up and move anytime I feel like it.
As my own business owner and manager, I could travel across the country – or the globe…
My business has some automation involved that allows it to run even when I’m not present.
You don’t get to see that in the 3D printing business unless you outsource the work; even then, you still have to connect with customers and handle deals.
Take a look at my tree service lead gen site and how it’s ranking as a digital billboard at the top of search results…
This, intrinsically, means that I’m able to collect the majority of search results traffic at no additional cost beyond the minimal fees required to keep this web property up.
With less than a business day of work invested in this project, I’m seeing a return of $2,000 per month – and have been for years now.
The same is true with this other tree service property out of Grand Rapids, Michigan, as you can see here…
I’d rather have a business that I can take with me on the go – and that I can step away from if I am sick, traveling, or just want to take a day off.
I’m my own boss now, and I get to have automation technology running the show for me 24/7, so I can see passive income results – predictably – each month.
Check out our local lead generation coaching program for yourself and the value that’s available to make your life into a dream come true –
I know it has for me!