Is 3D Printing The Next Big Business Opportunity? |
3D Printing is quickly becoming is the next manufacturing revolution. With a huge impact on a wide range of industries many people are trying to start 3D printing businesses of their own. Initially it might seem like the 3D printer market is saturated, with too many people trying to compete against one another. However, the truth is there is still plenty of opportunity in this field for almost anyone.
So What Exactly Is 3D Printing?
3D Printing is a process that creates a variety of products using different composite materials. Generally speaking, these products tend to be made primarily of plastic. By programming data into the computer, the 3D printer sprays several layers of plastic composite at a high temperature, eventually hardening in order to form a solid and durable plastic object. Although plastic is the most common composite material being printed, 3D printing can print a wide variety of items, including things like food, steel, or even human cells. Using these items, 3D printing has been used to create a wide range of products, including various durable household tools, countless children’s toys, and even human organs.
As 3D printing technology continues to develop, its impact on a wide range on industries also continues to increase. There are numerous opportunities for 3D printer owners to make money in the manufacturing industry.
The Advantages Of 3D Printers
Speed To Market
When a product prototype is created, it is typically sent off to a factory for mass production. This is an extremely time consuming process taking weeks or even months, (or even longer if there are errors in the manufacturing process). 3D printing, on the other hand, can complete this entire process in only a matter of hours. This means people using 3D printers can get products to the market much faster than big companies that use large factories.
While there are many advanced high tech 3D printers available for 5 or 6 figures, there are also many high quality mid range 3D printers available for as little as 3 figures. These mid range 3D printers can still produce a wide range of products, such as jewelry, sculptures, or almost any other type of common household item.
Coming up with the design for your own products is actually a very simple process. You can use a 3D laser scanner to scan an already existing product and save the data to a computer. Using this product design data you can produce something using a wide range of options:
1. Simply print it using a higher quality composite.
2. Choose to modify it’s design slightly to your liking and print it.
3. (If you have the computer skill) choose to design and print your own unique product.
4. Download a preexisting product design from the internet.
5. Or manipulate and improve your downloaded product design.
Very Low Operating Costs
3D printing is much cheaper than traditional manufacturing because it is a form of additive manufacturing. This means that it creates products from scratch. Traditional manufacturing usually focuses on reductive manufacturing. This requires an enormous amount of raw materials in order to inefficiently cut out the product from the actual raw material itself, leaving any remaining raw materials as waste products. These cut out parts then usually have to be manually assembled to other cut out parts, making the process much more costly, time consuming, and complex.
3D printing's additive manufacturing method means much less overall wastage (as there is absolutely no wasted material or by-products from 3D printing).
3D printing is a great opportunity for anyone looking to start their own business from home. According to Forbes magazine 3D printing technology is set to revolutionize both the Aerospace and medical sectors. With the 3D printing industry already valued at over $3 billion a year, it is expected to continue growing exponentially.
While 3D printing does give you the ability to compete with traditional manufacturing, you still have to find a specific (and profitable) product niche. Having the necessary business and marketing knowledge also plays a huge part in operating any type of successful business. You might consider seeking out a trustworthy marketing or business expert who has prior experience in home business/3D printing field. Learning from someone with prior experience in your particular field can save you a lot of time and money.
For more information about the 3D printer business opportunity and how to start your own successful business see, The Business Success Blueprint
Edward Rosenberg is a professional business and marketing expert. He has studied, researched, and implemented dozens of various marketing methods for several businesses over the past 5 years. To find out more about Edward, Click Here
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